Earthing Equipment Market Size To Expand at a Notable CAGR Of 5.7% During 2024 - 2032

MRFR Press Release/- Market research future published a half-cooked research report on global earthing equipment market. The earthing equipment market is expected to grow over the CAGR of around 5.7% during the period 2024 to 2032.

According to MRFR analysis, the global earthing equipment market was valued at USD 5.522 billion in 2023 and is projected to reach USD 9.18 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2032.

Earthing Equipment Market Highlights

The global earthing equipment market is anticipated to witness sustainable growth during the forecast period. Widespread use of earthing equipment in warehousing and manufacturing industry, the booming construction and earthing equipment industry, is anticipated to improve sales prospects. However, high cost of the raw materials, hinder the growth of the earthing equipment market.

Asia-Pacific region, to see a gradual increase in the earthing equipment market over the forecast period

Based on region, the global earthing equipment market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America region dominated the global earthing equipment market, followed by Europe and Asia-Pacific, primarily due to the increasing manufacturing sectors that has led to the demand for earthing equipment market. Asia-Pacific is projected to be the most lucrative region with construction industry investing in earthing equipment. Furthermore, various global equipment manufacturers are investing in the manufacturing sector, which is further expected to boost the demand for earthing equipment market. Hence, the earthing equipment market is expected witness a CAGR of 5.5% between 2022 and 2030.

CI earthing flat segment, to witness maximum growth rate in the overall earthing equipment market

Based on product, the CI earthing flat segment, accounted for the highest contributor to the global earthing equipment market in terms of value and volume both in 2017, which is expected to contnue its dominance between 2022 and 2030, which is attributable to the rapid urbanization and increase in construction activities in the industrial and residential projects across the emerging economies. However, the MS earthing flat segment is anticipated to exhibit maximum growth rate in the earthing equipment market between 2022 and 2030. This is attributed to its lucrative features such as high strenght and excellent resistivity against corrosion of the product.

Global Earthing Equipment Market, 2016-2023 (USD Million)

Source: MRFR Analysis

Scope of the Report

This study provides an overview of the global earthing equipment market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific and the rest of the world (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global earthing equipment market by product, end-user, and region.

• By Product


• MS Earthing Flat


• GI Earthing Flat


• CI Earthing Flat

• By End-User


• Industrial


• Commercial


• Residential

• By Region


• North America 


• Asia-Pacific 


• Europe


• Rest of the World  

Key Players

The prominent players in the earthing equipment market are ABB Ltd (Switzerland), Alstom SA (France), Crompton Greaves, Eaton (Ireland), Emerson Electric (US), GE (US), Harger Lightning & Grounding (US), Schneider Electric (France), Kingsmill Industries UK Ltd, and Toshiba (Japan).

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