Allied Market Research’s “Earthing Equipment Market: Global Opportunity Analysis And Industry Forecast, 2018-2025” report sees the global earthing equipment market at $4.54 billion in 2017 and is estimated to reach $7.14 billion by 2025, registering the CAGR of 5.8% during the forecast period. Increase in demand for electricity due to rapid proliferation of the industrial and residential sectors coupled with rise in demand for turnkey earthing solution and rapid growth of the construction industry drive the growth of the global earthing equipment market. Fluctuating cost of raw materials and low product differentiation hamper the market growth, however, launch of new and improved technologies is expected to create lucrative opportunities for the market players in the coming years.
- GI wire segment to govern the global market
- Major end users analyzed in the global earthing equipment market include residential, commercial, and industrial. The industrial segment is expected to create lucrative opportunities in future.
- Asia-Pacific to witness fastest growth through 2025
- Leading companies in the global earthing equipment market include ABB, Crompton Greaves, Emerson Electric, Harger Lightning & Grounding, Kingsmill Industries UK Ltd., Alstom, Eaton, GE, Schneider Electric, and Toshiba.
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