Earthing Equipment Market Trends, Size, Share and Analysis

Technavio Announces the Publication of its Research Report – Global Earthing Equipment Market 2016-2020

Technavio recognizes the following companies as the key players in the global earthing equipment market: ABB, Emerson Electric, GE, and Schneider Electric.

Commenting on the report, an analyst from Technavio’s team said: “Demand for turnkey solutions will be a key trend for market growth. In order to survive the intensely competitive market environment, vendors direct their efforts toward offering differentiated products to end-users. However, the market lacks new, upcoming technologies in the field of earthing and grounding systems. Thus, vendors are focusing on establishing long-term relationships with end-users by offering turnkey solutions. These solutions provide installation of the earthing and grounding equipment along with complete electrical wiring systems, and testing of the protection systems.”

Browse full report with TOC@ https://marketreportscenter.com/reports/349492/global-earthing-equipment-market-2016-2020

According to the report, one of the key drivers for market growth will be rise in demand from power sector. The global rise in energy consumption and growing electricity demand has resulted in the massive development of power generation, distribution, and transmission infrastructure. Growing investments to scale up electricity transmission and distribution infrastructure is a potential driver of the global earthing equipment market. The global electric power transmission network market is expected to rise from 5.48 million Ckm in 2014 to 6.6 million Ckm in 2019, growing at a CAGR of 2.80%.

Further, the report states that lack of product differentiation will be a challenge for the market. The market includes local, regional, and international vendors offering similar products at competitive prices. However, with a small scope for product differentiation in earthing equipment, the manufacturers in the market have a lower bargaining...