Global Earthing Equipment Market to grow at a CAGR of 6.12% during Forecast period 2016-2020

Albany, NY, April 18, 2017: The earthing system involves a combination of protective devices, such as residual current devices and fuses. The purpose of these devices is to ensure that no one should come in physical contact with any metal whose relative potential exceeds the threshold level of approximately 50 V. Earthing equipment is vital to the proper operation of electrical systems and to preserve their integrity. The market is projected to grow during the forecast period because of the need to meet the rising electricity demand and construction activities globally and the revamping of existing power grids.

The global earthing equipment market to grow at a CAGR of 6.12% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global earthing equipment market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the sales of earthing equipment.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

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Technavio's report, Global Earthing Equipment Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- ABB
- Emerson
- GE
- Schneider

Market driver
- Rise in demand from power sector
- For a full, detailed list, view our report

Market challenge
- Varied standards for product design
- For a full, detailed list, view our report

Market trend
- Growth potential of construction industry in APAC
- For a full, detailed list, view our report

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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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