Scope of the Study
Grounding Rods is defined as the rod which is driven into the ground in order to provide electrical connection to the ground. It mainly carries current safely away from a circuit in the event of an electrical surge. It is made up of copper-bonded, galvanized, solid copper and stainless. It is available in different sizes depends on the requirement. It is usually used owing to its extraordinary tensile strength, anti-corrosive nature as well as a comparatively low cost. Growing demand for computer network installations, telecommunications grounding and bonding are some of the major drivers which are propelling the growth of the market.
The market study is being classified by Type (Galvanized Grounding Rod, Copper Plated Grounding Rod, Graphite Grounding Rod and Other), by Application (Construction Industry, Manufacturing Sector, Power Industry, Telecom and Data Center Industry and Other) and major geographies with country level break-up.
Pentair plc (United States), ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Nehring Electrical Works (United States), A. N. Wallis & Co Ltd (United Kingdom), Galvan Industries (United States), Indelec (India), General Electric Company (United States) and Eaton (Ireland) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Gmax Electric (India), Harger Lightning & Grounding (United States), Kingsmill Industries (United Kingdom), J.M.N Earthing & Electricals (India), Ingesco (Spain), Kopell (India), Cirprotec (Spain), DEHN + SOHNE (Germany), Eastland Switchgears (India) and Amiable Impex (India).
The market is fragmented with numerous players focusing on technique and quality of the product due to which the global grounding rods market can witness an upsurge in the forecast period. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Grounding Rods market throughout the predicted period.
Segment Analysis
AdvanceMarketAnalytics has segmented the market of Global Grounding Rods market by Type, Application and Region.
On the basis of geography, the market of Grounding Rods has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Usage in the Construction Industry
- Increased Demand in Power Worldwide
Market Trend
- Increase in the Number of Data Centers
Restraints
- Safety Regulation Regarding Safe Path to Ground for Residential Electrical Systems
Opportunities
- Rising Demand from Emerging Economics Such as India, China and Others
Challenges
- Fluctuating Raw Material Prices
- Lack of Awareness Regarding Benefit of Grounding Rods
On October 2015, the Galvan Industries, Inc. (United States) Company have released new product catalog which includes complete information as well as full-color images on Galvan’s extensive selection of ground rods and accessories. This new product catalog released will help in strengthening the position of the company
On December 2018, as per an article published by the National Electrical Code (United States), safety path should be taken in order to ground for residential electrical systems
Key Target Audience
Manufacturers of Grounding Rods, Suppliers of Grounding Rods, Wholesalers, Distributors and Retailers of Grounding Rods, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
Customization in the Report Available:
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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