Global Grounding Bars and Rods Market 2017-2021

Overview of the global grounding bars and rods market

Market research analysts at Technavio predict that the global grounding bars and rods market will grow at a CAGR of more than 3% by 2021. This market research analysis identifies the growth in the construction industry in APAC as 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.

The increase in DIY activities is one of the key trends that will gain traction in the grounding bars and rods market during the next few years. The grounding bars and rods are safety components utilized for current safety management that curtails all possibilities of lighting damage or electrical hazard damage. An increasing number of vendors are developing innovative and customized solutions since there is an increasing focus among the consumers to set up and install their home's grounding themselves. Vendors are now offering various solutions to cater to the requirements and specifications of the increasing number of DIY customers who use the suppliers? website to access and gain knowledge about grounding bars and rods and purchase the product as per their requirement.

Competitive landscape and key vendors

This global market is highly-competitive and fragmented due to the presence of several regional and local vendors who cater to the various sectors such as construction, manufacturing, power generation and distribution, telecom, and data center. The regional and local vendors offer good-quality products at low prices which poses as a stiff challenge to the growth of the global vendors. Vendors in the grounding bars and rods market mainly compete on the basis of factors such as price, service life, distribution network, and the quality of products and are also focusing on optimizing their products and installations to achieve various safety certifications.

The leading vendors in the market are -

• A.N. Wallis
• Galvan Industries
• INDELEC
• Nehring Electrical Works
• Pentair

The other prominent vendors in the market are ABB, Alfredkim Systems & Solutions, Amiable Impex, Cirprotec, DEHN + SÖHNE, Eastland Switchgears, Eaton, GE, Gmax Electric, INGESCO, J.M.N Earthing & Electricals, JMV LPS, Kingsmill Industries, Kopell, Harger Lightning & Grounding, ISG Global, Lighting, Master, Schneider Electric, Siemens, Storm Power Components, and True Power Earth Solutions.

Segmentation by end-user and analysis of the grounding bars and rods market

• Construction Industry
• Manufacturing Sector
• Power Industry
• Telecom and Data Center Industry

The construction segment accounted for the major shares of the grounding bars and rods market during 2016. This is mainly due to the benefits of using these devices including the protection to residents and equipment from electrical and lighting hazards. The growth of the construction sector that is influenced by the improving economic conditions and the increasing employment opportunities, will result in the growing demand for grounding bars and rods in the coming years.

Geographical segmentation and analysis of the grounding bars and rods market

• Americas
• APAC
• EMEA

This market research and analysis estimates that owing to the growth of the construction sector and the telecommunication and the data centers end-user segments, 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.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global grounding bars and rods market?
• What are the key market trends impacting the growth of the global grounding bars and rods market?
• What are the challenges to market growth?
• Who are the key vendors in the global grounding bars and rods market?
• What are the market opportunities and threats faced by the vendors in the global grounding bars and rods market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global grounding bars and rods market?

Technavio also offers customization on reports based on specific client requirement.

This impending industry research report on the global grounding bars and rods market offers insights into the key trends and emerging drivers influencing the growth of the energy industry. Our market research reports for the energy industry follow an extensive data collection methodology and offer an analysis of fast growing market segments like power.

To precisely predict the industry's future prospects, our market research analysts follow a corroborative approach of primary and secondary data collection methods. Consequently, research analysts at Technavio offer an all-inclusive picture of the grounding bars and rods market for 2017 to 2021. Furthermore, our research practices help clients develop effective growth strategies and keep pace with the continually changing market landscape. This market research also offers a comprehensive analysis of various sectors of the energy industry based on the interpretation of the information gathered from specific resources such as channel partners and market stakeholders. This upcoming market research report on the grounding bars and rods market also cover vendors like GE, Eaton, Pentair, Siemens, and Storm Power Components.

This upcoming industry report on the grounding bars and rods market also considers the growth of the related market such as the industrial floor mats market, which is expected to gain a CAGR of more than 4% during the assessment period. According to our research analysts, expansion of telecommunication networks and data center facilities are expected to influence the market in the coming years. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the grounding bars and rods market also cover geographies like the Americas, APAC, and EMEA.

The upcoming industry research report for grounding bars and rods market also categorizes the prominent drivers, major trends, as well as the restraints that the power sector currently experiences. It also presents insights into the rapidly changing competitive scenario to give clients a complete view of the forthcoming events within the energy industry. Technavio also provides deep-dive market assessments into the sectors such as energy storage and smart grid.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.