Global Earthing Equipment Market 2016-2020

Below are some of the key findings from the earthing equipment market

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Global earthing equipment market outlook

Technavio’s market research analyst predicts the global earthing equipment market to grow steadily at a CAGR of more than 6% by 2020. Factors such as the augmented need to meet the rising electricity demand and the reconstruction of the existing power grids will impel the adoption of earthing equipment during the forecast period. Additionally, the ability to earth equipment to discharge over-voltages from the overhead ground wires to the ground is a critical factor that will foster its adoption during the forecast period.

The rising demand from the residential sector is the key driver for the growth of this market. Earthing is required in residential buildings to protect residents, machinery, and appliances from electrical surges. The ability to earth equipment to provide a safe path for the dissipation of short-circuit currents and to provide a secure platform for the operation of sensitive electronic equipment will result in its increased implementation in residential buildings during the forecast period. 

End-user segmentation of the earthing equipment market

• Residential
• Commercial
• Industrial

In this market study, analysts have estimated the industrial segment to be the largest market segment during the predicted period. The industrial segment will witness extensive usage of earthing equipment in the aviation sector, where it helps in the static grounding and earthing of the aircraft. Since all aircraft require externally generated electrical power supplies to facilitate servicing and maintenance, earthing equipment is increasingly being used to provide protection against the potential hazards of these external power supplies. 

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Geographical segmentation and analysis of the earthing equipment market

• Americas
• APAC
• EMEA

Technavio’s market research analysts estimate the Americas to account for more than 54% of the total market share by 2020. The recent increase in the construction of data centers in this region is a significant factor that necessitates the utilization of earthing equipment during the forecast period. Since this equipment help to protect sensitive electrical devices from electrical surges, their augmented implementation in the data centers across the Americas will result in the steady growth of this market during the predicted period.

Competitive landscape and key vendors

The global market for earthing equipment is highly fragmented due to the presence of numerous small and large vendors. The providers in the market compete on the basis of price, quality, and value-added services to gain a competitive edge over their rivals. To survive and succeed in this market, the vendors have to continually innovate and develop new products, as it will help them to bolster their revenue generating capacity.

Leading vendors in the market are -

• ABB
• Emerson
• GE
• Schneider

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global earthing equipment market?
• What are the key market trends impacting the growth of the global earthing equipment 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 vendors in the global earthing equipment 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 earthing equipment market?

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