The report highlights how prominent market players are investing heavily in research and development to expand their current company operations and geographic reach. Aside from that, the paper looks at the scope of expansion as well as the market opportunities for new entrants.
The report sheds light on the parties that operate with the Intellectual Property Rights, supply chain, technical information of the products and services. The study in providing details about the market, which are not easily accessible to help the market participants make useful decisions. The report also provides certain other information that can shape the revenue potential of the global earthing wire market. The report offers an in-depth analysis of the demand as well as consumption patterns of the customers in the global earthing wire market offers a region-wise examination for a detailed analysis.
The global earthing wire market is expanding in countries like Italy, France, the United States, Mexico, Japan, Brazil, Russia, Canada, Germany, South Korea, the United Kingdom, and Southeast Asia, according to the market research report. In addition, the research examines the evolution of regions such as Europe, North America, the Middle East & Africa, Asia Pacific, and South America.
The rapidly evolving manufacturing sector of emerging economies is likely to drive the earthing wire market in the future. During the projected period, North America is expected to be the largest region in the earthing wire market. During the projected period, however, Asia Pacific is expected to be the fastest expanding region. In the COVID-19 period, the North America earthing wire market is expected to be worth USD 11,256.0 thousand in 2021 and a CAGR of 2.8% over the forecast period. Therefore, the constant growth of the industrial sector in this region is boosting the region’s earthing wire industry.
Explanation of the political, regulatory, and technical considerations. Barriers to entry study for markets throughout the world. Profiles of prominent companies operating within the sector, including market share analysis SWOT analysis of the industry's major strengths and weaknesses, as well as opportunities and threats posed. Market conclusions and recommendations. Global market and submarket forecasts, with supporting analysis, for the years 2021 to 2030. Market forecasts for earthing wires with analysis. Contracts, initiatives, and plans of key players are thoroughly detailed and analyzed. An examination of game-changing technical advancements and how they will influence the industry is also provided.
The primary goal of this study is to assist clients in better understanding the market in terms of definition, segmentation, market potential, important trends, and market challenges. Market research planning has been put in a lot of effort.
The report sheds light on the parties that operate with the Intellectual Property Rights, supply chain, technical information of the products and services. The study in providing details about the market, which are not easily accessible to help the market participants make useful decisions. The report also provides certain other information that can shape the revenue potential of the global earthing wire market. The report offers an in-depth analysis of the demand as well as consumption patterns of the customers in the global earthing wire market offers a region-wise examination for a detailed analysis.
Regional Analysis:
The global earthing wire market is expanding in countries like Italy, France, the United States, Mexico, Japan, Brazil, Russia, Canada, Germany, South Korea, the United Kingdom, and Southeast Asia, according to the market research report. In addition, the research examines the evolution of regions such as Europe, North America, the Middle East & Africa, Asia Pacific, and South America.
The rapidly evolving manufacturing sector of emerging economies is likely to drive the earthing wire market in the future. During the projected period, North America is expected to be the largest region in the earthing wire market. During the projected period, however, Asia Pacific is expected to be the fastest expanding region. In the COVID-19 period, the North America earthing wire market is expected to be worth USD 11,256.0 thousand in 2021 and a CAGR of 2.8% over the forecast period. Therefore, the constant growth of the industrial sector in this region is boosting the region’s earthing wire industry.
Key Factors Impacting the Growth of global earthing wire market:
- The rise of the industrial sector around the world is propelling this market forward.
- The expansion of this market is being driven by rising demand for earthing wire among the general public.
- Significant expansion in the mining, building, and infrastructure industries.
- Increased demand for earthing wire.
What does this study provide?
Explanation of the political, regulatory, and technical considerations. Barriers to entry study for markets throughout the world. Profiles of prominent companies operating within the sector, including market share analysis SWOT analysis of the industry's major strengths and weaknesses, as well as opportunities and threats posed. Market conclusions and recommendations. Global market and submarket forecasts, with supporting analysis, for the years 2021 to 2030. Market forecasts for earthing wires with analysis. Contracts, initiatives, and plans of key players are thoroughly detailed and analyzed. An examination of game-changing technical advancements and how they will influence the industry is also provided.
WHAT THIS STUDY PROVIDES
- Global earthing wire market and submarket forecast covering the period of 2021 to 2030, with accompanying analysis
- Explanation or political, regulatory, and technical factors to consider
- SWOT analysis of the major key players operating in the market, together with the opportunities available and the key threats faced
- Market conclusions & recommendations
- Detailed Segmentation to help each stakeholder in market
- 2500+ data points in 60+ tables with focus on historic demand, estimated demand, and demand forecast
- Impact of COVID-19 on demand estimation & forecasts (2020 onward)
- Separate analysis of each segment to understand market deviation due to Covid-19 from 2020 onwards
- Coverage across 5 major regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America
- Country level demand of the 25+ major markets with key trends & factors influencing the same
The purpose of this study is for
- Associations/manufacturers,
- Technology providers,
- Government agencies,
- And distributors/researchers.
Conclusion:
The primary goal of this study is to assist clients in better understanding the market in terms of definition, segmentation, market potential, important trends, and market challenges. Market research planning has been put in a lot of effort.
Table of Contents
1 Market Abstract
2 Market Introduction
3. Research Practice
4 Key Related Data
5 Impact Factor Analysis
6 Market Development Analysis
7 Earthing Wire Market, by Type of Wire
8 Earthing Market, by Type of Earthing
9 Earthing Wire Market, by End-user
10 Earthing Wire Market, Regional Analysis
11 Company Profile
12 Appendix
List of Tables
List of Figures
Executive Summary
The global earthing wire market in the COVID-19 period has been estimated a value of USD 14,854.6 thousand in 2021 and is projected to reach USD 20,882.4 thousand by 2030 at a CAGR of 3.9%, between 2021-2030. However, without the COVID-19 impact, the global earthing wire market was estimated to be USD 17,047.8 thousand in 2021 and USD 26,101.1 thousand in 2030, with a CAGR of 4.8%, during the forecast period. Increasing demand for protection systems, network stability, and rising infrastructural development in both urban and rural areas is expected to boost the market growth during the review period.The transmission of leakage current through low resistance wires or electrical cables directly to the ground is referred to as earthing. The earthing system protects and keeps away the danger of electric shock due to the outflow of currents to the ground. Various earthing techniques have been adopted in several ways like wiring in residential houses, machines, factories, and electrical equipment. The types of earthing techniques include rod earthing, plate earthing, pipe earthing, earthing through waterman, and strip or wire earthing. Wire earthing interconnects all the metallic parts of an electrical installation system like switches, conduits, boxes, ducts, shells, distribution boards, fuses, and others in an earthing system.
The rising urbanization and industrialization activities have increased the demand for earthing system of protection for humans, which is driving the market. Furthermore, development in the construction industry in the fastest growing economies like India, South Korea, and China are expected to enhance the market growth in near future. Thus, construction industry in various parts of the world is expected to create growth opportunities for the earthing wire market. The preferred earthing material like copper offer advantage of good corrosion resistance andhigh electrical conductivity.,. Also, in certain conditions, tinning copper is very useful and hence the demand for copper wires is expected to support the market growth. However, the high cost of earthing wire can hamper the market demand during the forecast period.
Major players in earthing wire market have adopted mergers and acquisitions strategies to expand their product portfolio and geographical presence which is another significant factor contributing to the market growth. However, interruption in the supply chain due to the COVID-19 pandemic has caused challenges for the market to expand.
The earthing wire market has been segmented based on type of wire, type of earthing, end user, and region.
Based on type of wire, the market is segmented into copper and galvanized iron. The copper segment is accounted to have the largest share in the global earthing wire market during the forecast period. It has been estimated to value at USD 9,476.1 thousand in 2021 and is projected to reach USD 13,537.0 thousand by 2030 with a CAGR of 4.0% in the COVID-19 period. However, without the COVID-19 impact, the copper segment was estimated to be USD 10,875.2 thousand in 2021 and USD 16,920.0 thousand in 2030 with a CAGR of 5.0% during review period.
Advantages offered by copper like high thermal and electrical conductivity are expected to drive the segment during the forecast period. Furthermore, factors like good corrosion resistance, high recyclability, and ease of manufacturing are also significantly contributing to segment growth. Also, copper alloys are widely used in earthing applications as they provide unique properties at an economic price and hence will drive the market.
Based on the type of earthing, the earthing market is segmented into plate earthing, pipe earthing, rod earthing, earthing through waterman and strip or wire earthing. The strip or wire earthing segment is accounted to have the largest share in global earthing wire market during the forecast period. It has been estimated to value at USD 14,854.6 thousand in 2021 and is projected to reach USD 20,882.4 thousand by 2030 with a CAGR of 3.9% in the COVID-19 period. However, without the COVID-19 impact, the strip or wire earthing segment was estimated to be USD 17,047.8 thousand in 2021 and USD 26,101.1 thousand in 2030 with a CAGR of 4.8% during review period..
The major factor contributing to segment growth is the ability of earthing to provide safety to installations and electrical appliances from leakage current. Also, it protects buildings and electrical systems from lightning and hence will boost the market growth.
Based on end user, the market is segmented into residential, commercial, and industrial. The industrial segment is accounted to have the largest share in global earthing wire market during the forecast period. It has been estimated to value at USD 6,516.3 thousand in 2021 and is projected to reach USD 8,738.9 thousand by 2030 with a CAGR of 3.3% in the COVID-19 period. However, without the COVID-19 impact, the industrial segment was estimated to be USD 7,478.4 thousand in 2021 and USD 10,922.9 thousand in 2030 with a CAGR of 4.3% during review period..
The main factors contributing to the industrial segment growth include growing construction activities in various industry sectors. Furthermore, high installation settings are required for high fault current because of a wider area. This has contributed to the growth of the earthing wire market.
Based on region, the market has been segmented as North America, Europe, Asia Pacific, Middle East & Africa and South America. North America is expected to be the largest region in the earthing wire market during the forecast period. However, Asia Pacific is expected to be the fastest growing region during the forecast period. North American earthing wire market has been estimated to value at USD 11,256.0 thousand in 2021 and is projected to reach USD 14,388.8 thousand by 2030 with a CAGR of 2.8% in the COVID-19 period. However, without the COVID-19 impact, the market in North America was estimated to be USD 12,917.9 thousand in 2021 and USD 17,984.8 thousand in 2030 with a CAGR of 3.7% during review period..
Rapid urbanization and investments in manufacturing and service sectors has enhanced the demand for earthing wire.. Furthermore, the presence of major players and developments in developed nations like U.S. is significantly driving the regional market.
Companies Mentioned
A selection of companies mentioned in this report includes:
- Abb
- Eaton
- Schneider Electric
- American Wire Group
- Zenith Wire Industries
- Harger Inc.
- Jiangsu Jinling Special Cable Co. Ltd.
- Longyou Longhui Plating Co. Ltd.
- Zhejiang Meitong Conductor Technology Co. Ltd
- Neskeb Wires & Cables
