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Earthing Equipment Market Trends, Size, Share and Analysis

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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
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Earthing Equipment Market Analysis, Share and Size, Emerging
Trends, Overview and Outlook, Growth And Segment Forecasts To
2020
Technavio Announces the Publication of its Research Report – Global Earthing Equipment Market 20162020
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 [email protected] https://marketreportscenter.com/reports/349492/global-earthingequipment-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
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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 power. Moreover, many vendors are trying to
offer reliable equipment at cheaper rates to stay ahead of their competitors.
The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry. The report contains a comprehensive market and
vendor landscape in addition to a SWOT analysis of the key vendors.
Request A Sample copy of This Report @ https://marketreportscenter.com/request-sample/349492
About Earthing Equipment
The earthing system involves a combination of protective devices, such as residual current devices and
fuses. The purpose of these devices is to ensure that no one should come in physical contact with any
metal whose relative potential exceeds the threshold level of approximately 50 V. Earthing equipment is
vital to the proper operation of electrical systems and to preserve their integrity. The market is
projected to grow during the forecast period because of the need to meet the rising electricity demand
and construction activities globally and the revamping of existing power grids.
Technavio’ s analysts forecast the global earthing equipment market to grow at a CAGR of 6.12% during
the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global earthing equipment
market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from
the sales of earthing equipment.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Earthing Equipment Market 2016-2020, has been prepared based on an indepth market analysis with inputs from industry experts. The report covers the market landscape and its
growth prospects over the coming years. The report also includes a discussion of the key vendors
operating in this market.
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To Get Discount On The Report @ https://marketreportscenter.com/request-discount/349492
Connect for more details:
Sam Collins
Market Reports Center
1-646-883-3044 (US)
[email protected]
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