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Earthing Wire Market - Market Size & Forecasting (2018-2030)

  • ID: 5447919
  • Report
  • July 2021
  • Region: Global
  • 107 Pages
  • Quince Market Insights

FEATURED COMPANIES

  • Abb
  • American Wire Group
  • Eaton
  • Harger Inc.
  • Neskeb Wires & Cables
  • Schneider Electric
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.

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.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Abb
  • American Wire Group
  • Eaton
  • Harger Inc.
  • Neskeb Wires & Cables
  • Schneider Electric
1 Market Abstract

2 Market Introduction
2.1 Market Scope
2.2 Key Definitions-Content
2.2.1 Earthing
2.2.2 Bonding
2.2.3 Earth Wire
2.2.4 Earth Electrode
2.2.5 Earthing Lead
2.2.6 Earth Resistance

3. Research Practice
3.1 Research Practice
3.1.1 Supply Based Analysis
3.1.2 Demand Based Analysis
3.1.3 Global Level Analysis
3.1.4 Country Level Analysis
3.1.5 Triangulation
3.2 Primary Data
3.3 Secondary Data
3.4 Market Evaluation & Forecasting Methodology
3.5 Assumptions/ Limitations for the Study
3.6 What this Study Provides
3.7 Key Questions Answered by this Report
3.8 this Study is Intended For

4 Key Related Data
4.1 Competitive Positioning
4.1.1 Product Positioning
4.1.2 Regional Reach Positioning
4.2 Major Investments in Last Five Years by Global Players
4.3 Key Industry Trends
4.3.1 the U.S.
4.3.2 the U.K.
4.3.3 France
4.3.4 India
4.3.5 China
4.3.6 South Korea
4.4 Technological Advancement in Wire Composition
4.5 Guidelines & Regulations
4.5.1 Guidelines for Earthing
4.6 Market Share Analysis % (2020)
4.7 Vendor Matrix Analysis
4.8 Covid- 19 Impact on Earthing Wire Market
4.8.1 Impact on Supply Chain
4.8.2 Impact on Pricing

5 Impact Factor Analysis
5.1 Drivers/Restraints/Opportunities/Challenges
5.1.1 Drivers
5.1.1.1 Growing Infrastructural Development of Smart Cities
5.1.1.2 Increasing Demand for Network Stability and Protection
5.1.2 Restraints
5.1.2.1 High Cost of Earthing Wire
5.1.3 Opportunities
5.1.3.1 Expansion of Construction Industry
5.1.4 Challenges
5.1.4.1 Interruptions in Supply Chain Due to Covid-19
5.2 Porter's Five Forces Model
5.2.1 Threat of New Entrants: (Moderate)
5.2.2 Bargaining Power of Buyers: (Moderate)
5.2.3 Bargaining Power of Suppliers: (Low)
5.2.4 Intensity of Rivalry: (High)
5.2.5 Threat of Substitutes: (Moderate)
5.3 Supply Chain Analysis
5.3.1 Raw Materials
5.3.2 Manufacturers
5.3.3 Distribution Channel
5.3.4 End Use

6 Market Development Analysis
6.1 Overview
6.2 Merger & Acquisition (2015-2021)

7 Earthing Wire Market, by Type of Wire
7.1 Introduction
7.2 Copper
7.3 Galvanised Iron

8 Earthing Market, by Type of Earthing
8.1 Introduction
8.2 Strip or Wire Earthing
8.3 Pipe Earthing
8.4 Rod Earthing
8.5 Plate Earthing
8.6 Earthing Through Water Main

9 Earthing Wire Market, by End-user
9.1 Introduction
9.2 Industrial
9.2.1 Electrical & Electronics
9.2.2 Energy and Power
9.2.3 Industrial Machinery
9.2.4 Others
9.3 Commercial
9.4 Residential

10 Earthing Wire Market, Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 Major Suppliers List of Earthing Wire Market
10.3 Europe
10.3.1 Major Suppliers List of Earthing Wire Market
10.4 Asia-Pacific
10.4.1 Major Suppliers List of Earthing Wire Market
10.4.2 South Korea
10.5 Middle East & Africa
10.5.1 Major Suppliers List of Earthing Wire Market
10.6 South America
10.6.1 Major Suppliers List of Earthing Wire Market

11 Company Profile
11.1 Abb
11.1.1 Company Overview
11.1.2 Abb: Financial Overview
11.1.3 Abb: Product Overview
11.1.4 Abb: SWOT Analysis
11.1.5 Abb: Key Developement
11.2 Eaton
11.2.1 Company Overview
11.2.2 Eaton: Financial Overview
11.2.3 Eaton: Product Overview
11.2.4 Eaton: SWOT Analysis
11.2.5 Eaton: Key Developemt
11.3 Schneider Electric
11.3.1 Company Overview
11.3.2 Schneider Electric: Financial Overview
11.3.3 Schneider Electric: Product Overview
11.3.4 Schneider Electric: SWOT Analysis
11.3.5 Schneider Electric: Key Development
11.4 American Wire Group
11.4.1 Company Overview
11.4.2 American Wire Group: Financial Overview
11.4.3 American Wire Group: Product Overview
11.4.4 American Wire Group: SWOT Analysis
11.5 Zenith Wire Industries
11.5.1 Company Overview
11.5.2 Zenith Wire Industries: Financial Overview
11.5.3 Zenith Wire Industries: Product Overview
11.5.4 Zenith Wire Industries: SWOT Analysis
11.6 Harger, Inc.
11.6.1 Company Overview
11.6.2 Harger, Inc.: Financial Overview
11.6.3 Harger, Inc.: Product Overview
11.6.4 Harger, Inc.: SWOT Analysis
11.7 Jiangsu Jinling Special Cable Co. Ltd.
11.7.1 Company Overview
11.7.2 Jiangsu Jinling Special Cable Co. Ltd: Financial Overview
11.7.3 Jiangsu Jinling Special Cable Co. Ltd: Product Overview
11.7.4 Jiangsu Jinling Special Cable Co. Ltd: SWOT Analysis
11.8 Longyou Longhui Plating Co. Ltd.
11.8.1 Company Overview
11.8.2 Longyou Longhui Plating Co. Ltd.: Product Overview
11.8.3 Longyou Longhui Plating Co. Ltd.: SWOT Analysis
11.9 Zhejiang Meitong Conductor Technology Co. Ltd
11.9.1 Company Overview
11.9.2 Zhejiang Meitong Conductor Technology Co. Ltd: Product Overview
11.9.3 Zhejiang Meitong Conductor Technology Co. Ltd: SWOT Analysis
11.10 Neskeb Wires & Cables
11.10.1 Company Overview
11.10.2 Neskeb Wires & Cables: Product Overview
11.10.3 Neskeb Wires & Cables: SWOT Analysis

12 Appendix
12.1 List of Abbreviation
12.2 Key Related Reports

List of Tables
Table 1 Market Share Analysis % (2020)
Table 2 Earthing System Used for Public Distribution (Lv Consumers) in Major Countries
Table 3 Upcoming Smart Cities Infrastructural Development Projects in Major Countries
Table 4 Merger & Acquisition (2015-2021)
Table 5 Earthing Wire Market, by Type of Wire - Under Covid-19 (Usd Thousand) 2018-2030
Table 6 Earthing Wire Market, by Type of Wire - (Usd Thousand) 2018-2030
Table 7 Copper Earthing Wire Market, by Region -Under Covid-19 (Usd Thousand) 2018-2030
Table 8 Copper Earthing Wire Market, by Region (Usd Thousand) 2018-2030
Table 9 Galvanised Iron Earthing Wire Market, by Region -Under Covid-19 (Usd Thousand) 2018-2030
Table 10 Galvanised Iron Earthing Wire Market, by Region (Usd Thousand) 2018-2030
Table 11 Earthing Market, by Type of Earthing - Under Covid-19 (Usd Thousand) 2018-2030
Table 12 Earthing Market, by Type of Earthing - (Usd Thousand) 2018-2030
Table 13 Earthing Wire Market, by End-user - Under Covid-19 (Usd Thousand) 2018-2030
Table 14 Earthing Wire Market, by End-user - (Usd Thousand) 2018-2030
Table 15 Earthing Wire Market, by Industrial - Under Covid-19 (Usd Thousand) 2018-2030
Table 16 Earthing Wire Market, by Industrial - (Usd Thousand) 2018-2030
Table 17 Industrial Earthing Wire Market, by Region -Under Covid-19 (Usd Thousand) 2018-2030
Table 18 Industrial Earthing Wire Market, by Region (Usd Thousand) 2018-2030
Table 19 Commercial Earthing Wire Market, by Region -Under Covid-19 (Usd Thousand) 2018-2030
Table 20 Commercial Earthing Wire Market, by Region (Usd Thousand) 2018-2030
Table 21 Residential Earthing Wire Market, by Region -Under Covid-19 (Usd Thousand) 2018-2030
Table 22 Residential Earthing Wire Market, by Region (Usd Thousand) 2018-2030
Table 23 Earthing Wire Market, by Region- Under Covid-19 (Usd Thousand) 2018-2030
Table 24 Earthing Wire Market, by Region (Usd Thousand) 2018-2030
Table 25 North America Earthing Wire Market, by Country - Under Covid-19 (Usd Thousand) 2018-2030
Table 26 North America Earthing Wire Market, by Country (Usd Thousand) 2018-2030
Table 27 North America Earthing Wire Market, by Type of Wire - Under Covid-19 (Usd Thousand) 2018-2030
Table 28 North America Earthing Wire Market, by Type of Wire- (Usd Thousand) 2018-2030
Table 29 North America Earthing Wire Market, by End-user - Under Covid-19 (Usd Thousand) 2018-2030
Table 30 North America Earthing Wire Market, by End-user - (Usd Thousand) 2018-2030
Table 31 North America Earthing Wire Market, by Industrial - Under Covid-19 (Usd Thousand) 2018-2030
Table 32 North America Earthing Wire Market, by Industrial - (Usd Thousand) 2018-2030
Table 33 Europe Earthing Wire Market, by Country - Under Covid-19 (Usd Thousand) 2018-2030
Table 34 Europe Earthing Wire Market, by Country (Usd Thousand) 2018-2030
Table 35 Europe Earthing Wire Market, by Type of Wire - Under Covid-19 (Usd Thousand) 2018-2030
Table 36 Europe Earthing Wire Market, by Type of Wire- (Usd Thousand) 2018-2030
Table 37 Europe Earthing Wire Market, by End-user - Under Covid-19 (Usd Thousand) 2018-2030
Table 38 Europe Earthing Wire Market, by End-user - (Usd Thousand) 2018-2030
Table 39 Europe Earthing Wire Market, by Industrial - Under Covid-19 (Usd Thousand) 2018-2030
Table 40 Europe Earthing Wire Market, by Industrial - (Usd Thousand) 2018-2030
Table 41 Asia-Pacific Earthing Wire Market, by Country - Under Covid-19 (Usd Thousand) 2018-2030
Table 42 Asia-Pacific Earthing Wire Market, by Country (Usd Thousand) 2018-2030
Table 43 Asia-Pacific Earthing Wire Market, by Type of Wire - Under Covid-19 (Usd Thousand) 2018-2030
Table 44 Asia-Pacific Earthing Wire Market, by Type of Wire- (Usd Thousand) 2018-2030
Table 45 Asia-Pacific Earthing Wire Market, by End-user - Under Covid-19 (Usd Thousand) 2018-2030
Table 46 Asia-Pacific Earthing Wire Market, by End-user - (Usd Thousand) 2018-2030
Table 47 Asia-Pacific Earthing Wire Market, by Industrial - Under Covid-19 (Usd Thousand) 2018-2030
Table 48 Asia-Pacific Earthing Wire Market, by Industrial - (Usd Thousand) 2018-2030
Table 49 South Korea Earthing Wire Market, by Type of Wire - Under Covid-19 (Usd Thousand) 2018-2030
Table 50 South Korea Earthing Wire Market, by Type of Wire- (Usd Thousand) 2018-2030
Table 51 South Korea Earthing Wire Market, by End-user - Under Covid-19 (Usd Thousand) 2018-2030
Table 52 South Korea Earthing Wire Market, by End-user - (Usd Thousand) 2018-2030
Table 53 South Korea Earthing Wire Market, by Industrial - Under Covid-19 (Usd Thousand) 2018-2030
Table 54 South Korea Earthing Wire Market, by Industrial - (Usd Thousand) 2018-2030
Table 55 Middle East & Africa Earthing Wire Market, by Country - Under Covid-19 (Usd Thousand) 2018-2030
Table 56 Middle East & Africa Earthing Wire Market, by Country (Usd Thousand) 2018-2030
Table 57 Middle East & Africa Earthing Wire Market, by Type of Wire - Under Covid-19 (Usd Thousand) 2018-2030
Table 58 Middle East & Africa Earthing Wire Market, by Type of Wire- (Usd Thousand) 2018-2030
Table 59 Middle East & Africa Earthing Wire Market, by End-user - Under Covid-19 (Usd Thousand) 2018-2030
Table 60 Middle East & Africa Earthing Wire Market, by End-user - (Usd Thousand) 2018-2030
Table 61 Middle East & Africa Earthing Wire Market, by Industrial - Under Covid-19 (Usd Thousand) 2018-2030
Table 62 Middle East & Africa Earthing Wire Market, by Industrial - (Usd Thousand) 2018-2030
Table 63 South America Earthing Wire Market, by Country - Under Covid-19 (Usd Thousand) 2018-2030
Table 64 South America Earthing Wire Market, by Country (Usd Thousand) 2018-2030
Table 65 South America Earthing Wire Market, by Type of Wire - Under Covid-19 (Usd Thousand) 2018-2030
Table 66 South America Earthing Wire Market, by Type of Wire- (Usd Thousand) 2018-2030
Table 67 South America Earthing Wire Market, by End-user - Under Covid-19 (Usd Thousand) 2018-2030
Table 68 South America Earthing Wire Market, by End-user - (Usd Thousand) 2018-2030
Table 69 South America Earthing Wire Market, by Industrial - Under Covid-19 (Usd Thousand) 2018-2030
Table 70 South America Earthing Wire Market, by Industrial - (Usd Thousand) 2018-2030

List of Figures
Figure 1 Earthing Wire Market: by Type of Wire, 2021 & 2030
Figure 2 Earthing Market: by Type of Earthing, 2021 & 2030
Figure 3 Earthing Wire Market: by End-user, 2021 & 2030
Figure 4 Earthing Wire Market: by Region, 2018-2030
Figure 5 Earthing Wire Market - Market Scope
Figure 6 Earthing Wire Market -Research Practice
Figure 7 Earthing Wire Market -Research Methodology
Figure 8 Earthing Wire Market -Primary and Secondary Research
Figure 9 Product Positioning
Figure 10 Regional Reach Positioning
Figure 11 Vendor Matrix Analysis
Figure 12 Droc Analysis
Figure 13 Porter's Five Forces Model- Earthing Wire Market
Figure 14 Supply Chain Analysis - Earthing Wire Market
Figure 15 Earthing Wire Market, by Type of Wire, 2018-2030
Figure 16 Earthing Market, by Type of Earthing, 2018-2030
Figure 17 Earthing Wire Market, by End-user, 2018-2030
Figure 18 Earthing Wire Market - by Region
Figure 19 North America Earthing Wire Market Snapshot
Figure 20 North America Earthing Wire Market - by Country 2018-2030
Figure 21 North America Earthing Wire Market - by Type of Wire, 2018-2030
Figure 22 North America Earthing Wire Market - by End-user 2018-2030
Figure 23 Europe Earthing Wire Market Snapshot
Figure 24 Europe Earthing Wire Market - by Country 2018-2030
Figure 25 Europe Earthing Wire Market - by Type of Wire, 2018-2030
Figure 26 Europe Earthing Wire Market - by End-user 2018-2030
Figure 27 Asia-Pacific Earthing Wire Market Snapshot
Figure 28 Asia-Pacific Earthing Wire Market - by Country 2018-2030
Figure 29 Asia-Pacific Earthing Wire Market - by Type of Wire, 2018-2030
Figure 30 Asia-Pacific Earthing Wire Market - by End-user 2018-2030
Figure 31 Middle East & Africa Earthing Wire Market Snapshot
Figure 32 Middle East & Africa Earthing Wire Market - by Country 2018-2030
Figure 33 Middle East & Africa Earthing Wire Market - by Type of Wire, 2018-2030
Figure 34 Middle East & Africa Earthing Wire Market - by End-user 2018-2030
Figure 35 South America Earthing Wire Market Snapshot
Figure 36 South America Earthing Wire Market - by Country 2018-2030
Figure 37 South America Earthing Wire Market - by Type of Wire, 2018-2030
Figure 38 South America Earthing Wire Market - by End-user 2018-2030
Figure 39 Abb (Business Overview)
Figure 40 Abb (Financial Overview)
Figure 41 Abb: SWOT Analysis
Figure 42 Eaton (Business Overview)
Figure 43 Eaton (Financial Overview)
Figure 44 Eaton: SWOT Analysis
Figure 45 Schneider Electric (Business Overview)
Figure 46 Schneider Electric (Financial Overview)
Figure 47 Schneider Electric: SWOT Analysis
Figure 48 American Wire Group (Business Overview)
Figure 49 American Wire Group: SWOT Analysis
Figure 50 Zenith Wire Industries (Business Overview)
Figure 51 Zenith Wire Industries: SWOT Analysis
Figure 52 Harger, Inc. (Business Overview)
Figure 53 Harger, Inc.: SWOT Analysis
Figure 54 Jiangsu Jinling Special Cable Co. Ltd. (Business Overview)
Figure 55 Jiangsu Jinling Special Cable Co. Ltd: SWOT Analysis
Figure 56 Longyou Longhui Plating Co. Ltd. (Business Overview)
Figure 57 Longyou Longhui Plating Co. Ltd.: SWOT Analysis
Figure 58 Zhejiang Meitong Conductor Technology Co. Ltd (Business Overview)
Figure 59 Zhejiang Meitong Conductor Technology Co. Ltd: SWOT Analysis
Figure 60 Neskeb Wires & Cables (Business Overview)
Figure 61 Neskeb Wires & Cables: SWOT Analysis
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Abb
  • American Wire Group
  • Eaton
  • Harger Inc.
  • Neskeb Wires & Cables
  • Schneider Electric
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.
Note: Product cover images may vary from those shown

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
Note: Product cover images may vary from those shown