Global Grounding Bars and Rods Market 2017-2021
About Grounding Bars and Rods
Grounding bars and rods are components of grounding systems used in industrial, commercial, and residential building or infrastructure. Grounding bars are metal brackets made of conductive materials, such as copper and galvanized steel, which serve as a central grounding point for equipment. These bars and rods provide a conducive path for electricity to flow through them. Grounding rods are the end point of grounding systems. The conductivity and service life of products depend on the thickness of the coating. Typically, the length of the rod is 8' and the thickness of the rod is from 3/8 to 1.
Technavio’s analysts forecast the global grounding bars and rods market to grow at a CAGR of 3.46% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global grounding bars and rods market for 2017-2021. To calculate the market size, the report considers the demand for grounding bars and rods.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Grounding Bars and Rods Market 2017-2021
Technavio recognizes the following companies as the key players in the global grounding bars and rods market: A.N. Wallis, Galvan Industries, INDELEC, Nehring Electrical Works, and Pentair.
Other Prominent Vendors in the market are: ABB, Alfredkim Systems & Solutions, Amiable Impex, Cirprotec, DEHN + SÖHNE, Eastland Switchgears, Eaton, GE, Gmax Electric, INGESCO, J.M.N Earthing & Electricals, JMV LPS, Kingsmill Industries, Kopell, Harger Lightning & Grounding, ISG Global, Lighting, Master, Schneider Electric, Siemens, Storm Power Components, and True Power Earth Solutions.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increase in the number of data centers. The adoption of cloud computing has led to widespread acceptance of data centers. Data center is a highly networked computer server that stores large amount of data. The number of data centers has seen a substantial increase over the past few years and is expected to rise in the future. Increased dependency on Internet and social media clubbed with advances in technology has led to the increasing number of data centers.”
According to the report, one of the major drivers for this market is growth in construction industry in APAC. Grounding bars and rods are used in every building, be it commercial or residential. These are safety equipment that are necessary to all buildings. With proper grounding, a connection is created between sensitive electrical equipment and the ground. This connection protects personnel and equipment from damaging surges during dangerous electrical events. With improvements in living standards, there has been a surge in construction over the past few years, which is likely to grow steadily in the coming years as well.
Further, the report states that one of the major factors hindering the growth of this market is fluctuating raw material prices. Grounding bars and rods are made up of various materials, namely copper, stainless steel, and galvanized steel. Copper is the most commonly used material. Vendors producing these grounding bars and rods need to ascertain the price of the product. This price setting is dependent on the price of the commodity. However, copper and stainless steel are subjected to price fluctuations, making it difficult for vendors to ascertain the price of grounding bar and rods.
A.N. Wallis, Galvan Industries, INDELEC, Nehring Electrical Works, Pentair, ABB, Alfredkim Systems & Solutions, Amiable Impex, Cirprotec, DEHN + SÖHNE, Eastland Switchgears, Eaton, GE, Gmax Electric, INGESCO, J.M.N Earthing & Electricals, JMV LPS, Kingsmill Industries, Kopell, Harger Lightning & Grounding, ISG Global, Lighting, Master, Schneider Electric, Siemens, Storm Power Components, and True Power Earth Solutions.