Press release
Earthing Equipment Market is Expected to Reach $40,154 Million, By Top Leading Companies ABB, Alstom, Crompton Greaves, Eaton, Emerson Electric, GE, Harger Lightning & Grounding, Schneider Electric, Kingsmill Industries UK Ltd, and Toshiba
The global earthing equipment market is projected to witness significant growth in the coming years, owing to the rise in demand for alternative energy sources, and increase in requirement from the construction industry in countries such as China, India and other South Asian countries. Nations such as the U.S., and Germany, are using earthing equipment owing to surge in industrialization. Furthermore, the earthing equipment market is expected to experience rapid growth in the emerging economies, owing to rise in the consumer electronics industries sector.According to a new report published by Allied Market Research, titled,"Earthing Equipment Market by Product, and End-User: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global earthing equipment market is expected to reach $7,140.2 million by 2025, from $4,542.3 million in 2017, growing at a CAGR of 5.8% from 2018 to 2025. The CI flat segment dominated the global market in terms of revenue, accounting for more than 6.8% share in 2017 and is expected to witness significant growth during the forecast period.
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Earthing is the process of creating an alternative path for the safe flow of excessive currents into the ground in the presence of minimal resistance or impedance. The primary purpose of earthing is to reduce the risk of serious electric shock from current leaking into uninsulated metal parts of an appliance, power tool, or other electrical devices. The earthing equipment consist of copper plates, electrode, clamps, wires, base, rod, and seals.
The growth of the global earthing equipment market is driven by rise in the consumer electronics industry. Increase in new technologies such as Pipe in Pipe Earthing Electrode, which offers low resistance path in the ground to detect any fault & leakage currents and ensures the smooth flow of the ground dissipation, boost the demand for earthing equipment across the world. Growth in the construction market is anticipated to provide potential opportunities for the key players operating in the market. However, earthing equipment are expensive & operation costs are extremely high in case of big infrastructure installations. This factor restricts the growth of the global earthing equipment market. Rise in residential and industrial sector is expected to offer growth opportunities for the earthing equipment industries in near future.
The CI flat segment accounted for $1,879.6 million of the global earthing equipment market in 2017 and is projected to grow at a CAGR of 6.8% % during the forecast period. Based on End User, the industrial segment is expected to account for the highest market share throughout the forecast period. The earthing equipment are extensively used in industries such as refinery, power plant, cement plant, steel plant, and others, which is expected to boost their demand in the market.
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Based on end user, the industrial segment is expected to account for the largest share in the global market during the forecast period owing to growth in the industrial sector in North America. This is attributed to the new features of earthing equipment such as voltage stabilization.
Prominent players, such as ABB, Alstom, Crompton Greaves, Eaton, Emerson Electric, GE, Harger Lightning & Grounding, Schneider Electric, Kingsmill Industries UK Ltd, and Toshiba, have adopted new product launch as their key strategy to expand their market foothold.
Key Benefits for Earthing Equipment Market:
• The report provides an extensive analysis of the current as well as emerging trends and dynamics in the global earthing equipment market.
• An in-depth analysis is conducted by constructing market estimations for the key market segments between 2018 and 2025.
• An extensive analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
• A comprehensive analysis of all regions is provided to determine the prevailing opportunities across various geographies.
• The key market players are profiled, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the market.
LIST OF FIGURES
FIGURE 01. GLOBAL EARTHING EQUIPMENT MARKET, 2017-2025
FIGURE 02. GLOBAL EARTHING EQUIPMENT MARKET, BY COUNTRY, 2017-2025
FIGURE 03. GLOBAL EARTHING EQUIPMENT MARKET: KEY PLAYERS
FIGURE 04. TOP IMPACTING FACTORS
FIGURE 05. TOP INVESTMENT POCKETS
FIGURE 06. TOP WINNING STRATEGIES, BY YEAR, 20162018*
FIGURE 07. TOP WINNING STRATEGIES, BY DEVELOPMENT, 20162018*
FIGURE 08. TOP WINNING STRATEGIES, BY COUNTRIES, 20162018*
FIGURE 09. MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 10. MODERATE-TO-HIGH BARGAINING POWER OF BUYERS
FIGURE 11. MODERATE THREAT OF SUBSTITUTES
FIGURE 12. LOW-TO-MODERATE THREAT OF NEW ENTRANTS
FIGURE 13. MODERATE-TO-HIGH COMPETITIVE RIVALRY
FIGURE 14. DRIVERS, RESTRAINTS: GLOBAL EARTHING EQUIPMENT MARKET
FIGURE 15. GLOBAL EARTHING EQUIPMENT MARKET REVENUE, FOR MS FLAT, BY COUNTRY, 20172025 ($MILLION)
FIGURE 16. GLOBAL EARTHING EQUIPMENT MARKET REVENUE, FOR CI FLAT, BY COUNTRY, 20172025 ($MILLION)
FIGURE 17. GLOBAL EARTHING EQUIPMENT MARKET REVENUE, FOR GI WIRE, BY COUNTRY, 20172025 ($MILLION)
FIGURE 18. GLOBAL EARTHING EQUIPMENT MARKET REVENUE, FOR RESIDENTIAL, BY COUNTRY, 20172025 ($MILLION)
FIGURE 19. GLOBAL EARTHING EQUIPMENT MARKET REVENUE, FOR COMMERCIAL, BY COUNTRY, 20172025 ($MILLION)
FIGURE 20. GLOBAL EARTHING EQUIPMENT MARKET REVENUE, FOR INDUSTRIAL, BY COUNTRY, 20172025 ($MILLION)
FIGURE 21. GLOBAL EARTHING EQUIPMENT MARKET, BY REGION SNAPSHOT
FIGURE 22. U.S. EARTHING EQUIPMENT MARKET, 2017-2025 ($MILLION)
FIGURE 23. CANADA EARTHING EQUIPMENT MARKET, 2017-2025 ($MILLION)
FIGURE 24. MEXICO EARTHING EQUIPMENT MARKET, 2017-2025 ($MILLION)
FIGURE 25. UK EARTHING EQUIPMENT MARKET, 2017-2025 ($MILLION)
FIGURE 26. GERMANY EARTHING EQUIPMENT MARKET, 2017-2025 ($MILLION)
FIGURE 27. FRANCE EARTHING EQUIPMENT MARKET, 2017-2025 ($MILLION)
FIGURE 28. ITALY EARTHING EQUIPMENT MARKET, 2017-2025 ($MILLION)
FIGURE 29. REST OF EUROPE EARTHING EQUIPMENT MARKET, 2017-2025 ($MILLION)
FIGURE 30. CHINA EARTHING EQUIPMENT MARKET, 2017-2025 ($MILLION)
FIGURE 31. JAPAN EARTHING EQUIPMENT MARKET, 2017-2025 ($MILLION)
FIGURE 32. INDIA EARTHING EQUIPMENT MARKET, 2017-2025 ($MILLION)
FIGURE 33. SOUTH KOREA EARTHING EQUIPMENT MARKET, 2017-2025 ($MILLION)
FIGURE 34. REST OF ASIA-PACIFIC EARTHING EQUIPMENT MARKET, 2017-2025 ($MILLION)
FIGURE 35. LATIN AMERICA EARTHING EQUIPMENT MARKET, 2017-2025 ($MILLION)
FIGURE 36. MIDDLE EAST EARTHING EQUIPMENT MARKET, 2017-2025 ($MILLION)
FIGURE 37. ABB LTD: NET SALES, 20152017 ($MILLION)
FIGURE 38. ABB LTD: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 39. ABB LTD: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 40. ALSTOM SA: REVENUE, 20162018 ($MILLION)
FIGURE 41. ALSTOM SA: REVENUE SHARE BY PRODUCT, 2018 (%)
FIGURE 42. ALSTOM SA: REVENUE SHARE BY GEOGRAPHY, 2018 (%)
FIGURE 43. CG POWER AND INDUSTRIAL SOLUTIONS LIMITED: REVENUE, 20162018 ($MILLION)
FIGURE 44. CG POWER AND INDUSTRIAL SOLUTIONS LIMITED: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 45. EATON CORPORATION PLC: REVENUE, 20152017 ($MILLION)
FIGURE 46. EATON CORPORATION PLC: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 47. EATON CORPORATION PLC: REVENUE SHARE BY REGION, 2017 (%)
FIGURE 48. EMERSON ELECTRIC CO.: REVENUE, 20152017 ($MILLION)
FIGURE 49. EMERSON ELECTRIC CO.: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 50. EMERSON ELECTRIC CO.: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 51. GENERAL ELECTRIC COMPANY: REVENUE, 20152017 ($MILLION)
FIGURE 52. GENERAL ELECTRIC COMPANY: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 53. GENERAL ELECTRIC COMPANY: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 54. SCHNEIDER ELECTRIC: REVENEUE, 20152017 ($MILLION)
FIGURE 55. SCHNEIDER ELECTRIC: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 56. SCHNEIDER ELECTRIC: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 57. TOSHIBA: NET SALES, 20162018 ($MILLION)
FIGURE 58. TOSHIBA: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 59. TOSHIBA: REVENUE SHARE BY GEOGRAPHY, 2018 (%)
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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