Press release
Grounding Bars and Rods Market Current Situation And Growth Forecast to 2025
Grounding bars and rods are components of grounding systems used in industrial, commercial, and residential building or infrastructure. Grounding bars are metal brackets made of conductive materials, such as copper and galvanized steel, which serve as a central grounding point for equipment. These bars and rods provide a conducive path for electricity to flow through them. Grounding rods are the end point of grounding systems. The conductivity and service life of products depend on the thickness of the coating. Typically, the length of the rod is 8′ and the thickness of the rod is from 3/8″ to 1″.
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The growth in the construction industry in APAC is one of the primary growth factors for this market. Grounding bars and rods are the safety equipment that are necessary in the construction industry to protect the equipment and personnel from damage. Improvements in living standards has resulted in an increase in the demand for construction industry. The increase in constructions in the residential, commercial, and industrial sectors will increase the demand for grounding bars and rods. Innovations in building design and the increased focus on energy efficient solutions for buildings have increased the opportunities for vendors to strengthen their presence in the grounding bars and rods market.
APAC will be the major revenue contributor to the market by 2021. The growth of the construction industry in this region is influenced by the increasing number of government initiatives. Additionally, the growth in the number of manufacturing facilities across various countries in this region will also augment the market’s growth prospects in APAC.
The global Grounding Bars and Rods market was xx million US$ in 2017 and is expected to xx million US$ by the end of 2025, growing at a CAGR of xx% between 2018 and 2025.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Grounding Bars and Rods in these regions, from 2013 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
A.N. Wallis
Galvan Industries
Nehring Electrical Works
ABB
Alfredkim Systems & Solutions
Amiable Impex
DEHN + SÖHNE
Eaton
By the product type, the market is primarily split into
Copper
Galvanized Steel
By the end users/application, this report covers the following segments
Construction Industry
Manufacturing Industry
Power Industry
Telecom and Data Center Industry
QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.
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