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Earthing Equipment Market Report by Product (MS Flat, CI Flat, GI Wire), Application (Residential, Commercial, Industrial), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A2498
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Market Overview:
The global earthing equipment market size reached US$ 5.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 8.1 Billion by 2032, exhibiting a growth rate (CAGR) of 4.9% during 2024-2032.
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Report Attribute
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Key Statistics
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|---|---|
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Base Year
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2023
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|
Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 5.2 Billion |
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Market Forecast in 2032
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US$ 8.1 Billion |
| Market Growth Rate 2024-2032 | 4.9% |
Earthing equipment refers to various devices used for transferring electricity directly to the earth’s plate. Some of the commonly used earthing equipment includes low resistance cables, insulated operating rods, pruning heads, clamp sticks, specialist and earth clamp application heads and operating rod bags. These components connect buildings with a conductive surface placed inside the earth or at a neutral point in the soil for enhanced safety. They provide protection from significant electrical disturbances, such as lightning strikes and power surges and aid in minimizing the risk of electric shock from current leaking from uninsulated metal parts of electrical devices. As a result, they are commonly used in commercial and residential buildings and industrial plants.
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Earthing Equipment Market Trends:
Rapid industrialization,along with significant growth in the construction industry in recent years, represent as the key factors creating a positive outlook for the market. With the increasing construction of commercial and residential buildings, roads, tunnels, manufacturing plants and railways tracks, especially in developing nations, there is a growing requirement for efficient earthing equipment. This, in turn, is contributing to the market growth. Earthing is essential in buildings to protect residents, machinery and appliances from electrical surges and dissipate short circuit current. Additionally, various technological advancements, such as the integration of consumer electronics with artificial intelligence (AI) and the Internet of Things (IoT), are acting as other growth-inducing factors. This has resulted in the increasing utilization of smart devices, such as televisions and refrigerators, which require constant earthing, thereby creating a positive outlook for the market. Other factors, including the increasing product demand from automobile manufacturers, along with the reconstruction of the existing power grids, are anticipated to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global earthing equipment market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product and application.
Breakup by Product:
- MS Flat
- CI Flat
- GI Wire
Breakup by Application:
- Residential
- Commercial
- Industrial
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being ABB Ltd., CG Power and Industrial Solutions Limited (Avantha Group), Eaton Corporation Inc., Emerson Electric Co., General Electric, Harger Lightning & Grounding, Kingsmill Industries UK Ltd., Schneider Electric SE and Toshiba Corporation.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Segment Coverage | Product, Application, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | ABB Ltd., CG Power and Industrial Solutions Limited (Avantha Group), Eaton Corporation Inc., Emerson Electric Co., General Electric, Harger Lightning & Grounding, Kingsmill Industries UK Ltd., Schneider Electric SE and Toshiba Corporation |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global earthing equipment market was valued at US$ 5.2 Billion in 2023.
We expect the global earthing equipment market to exhibit a CAGR of 4.9% during 2024-2032.
The growing number of smart infrastructures that are mostly installed with various electronic and automated devices is primarily driving the global earthing equipment market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in numerous construction activities, thereby negatively impacting the demand for earthing equipment.
Based on the product, the global earthing equipment market has been segmented into MS flat, CI flat, and GI wire. Currently, CI flat represents the largest market share.
Based on the application, the global earthing equipment market can be bifurcated into residential, commercial, and industrial. Among these, the industrial sector accounts for the majority of the total market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific currently dominates the global market.
Some of the major players in the global earthing equipment market include ABB Ltd., CG Power and Industrial Solutions Limited (Avantha Group), Eaton Corporation Inc., Emerson Electric Co., General Electric, Harger Lightning & Grounding, Kingsmill Industries UK Ltd., Schneider Electric SE, and Toshiba Corporation.
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