Global Grounding Bars and Rods Market Growth 2023-2029

Global Grounding Bars and Rods Market Growth 2023-2029

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″.

LPI (LP Information)' newest research report, the “Grounding Bars and Rods Industry Forecast” looks at past sales and reviews total world Grounding Bars and Rods sales in 2022, providing a comprehensive analysis by region and market sector of projected Grounding Bars and Rods sales for 2023 through 2029. With Grounding Bars and Rods sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Grounding Bars and Rods industry.

This Insight Report provides a comprehensive analysis of the global Grounding Bars and Rods landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Grounding Bars and Rods portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Grounding Bars and Rods market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Grounding Bars and Rods and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Grounding Bars and Rods.

The global Grounding Bars and Rods market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

The growth in the construction industry in APAC is one of the primary growth factors for this market. Grounding bars and rods are the safety equipment that are necessary in the construction industry to protect the equipment and personnel from damage. Improvements in living standards has resulted in an increase in the demand for construction industry. The increase in constructions in the residential, commercial, and industrial sectors will increase the demand for grounding bars and rods. Innovations in building design and the increased focus on energy efficient solutions for buildings have increased the opportunities for vendors to strengthen their presence in the grounding bars and rods market.

This report presents a comprehensive overview, market shares, and growth opportunities of Grounding Bars and Rods market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Copper
Galvanized Steel

Segmentation by application
Construction Industry
Manufacturing Industry
Power Industry
Telecom and Data Center Industry

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
A.N. Wallis
Galvan Industries
Nehring Electrical Works
ABB
Alfredkim Systems & Solutions
Amiable Impex
DEHN + SÖHNE
Eaton

Key Questions Addressed in this Report

What is the 10-year outlook for the global Grounding Bars and Rods market?

What factors are driving Grounding Bars and Rods market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Grounding Bars and Rods market opportunities vary by end market size?

How does Grounding Bars and Rods break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.