PUBLISHER: IMARC | PRODUCT CODE: 1801148
PUBLISHER: IMARC | PRODUCT CODE: 1801148
Earthing Equipment Market Report by Product (MS Flat, CI Flat, GI Wire), Application (Residential, Commercial, Industrial), and Region 2025-2033
The global earthing equipment market size reached USD 5.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 8.4 Billion by 2033, exhibiting a growth rate (CAGR) of 4.62% during 2025-2033. The growing number of solar and wind energy projects requiring high-voltage equipment, rising need for dependable and effective electrical grounding solutions in residential, commercial, and industrial buildings, and continuous technological advancements are some of the factors impelling the market growth.
Earthing Equipment Market Trends:
Growing Construction and Infrastructure Projects
With urbanization speeding up in emerging economies, there is an increase in the need for dependable and effective electrical grounding solutions in residential, commercial, and industrial buildings. New buildings need strong earthing equipment to guarantee safety and adherence to strict electrical safety regulations. Additionally, advanced earthing solutions are required for handling higher electrical loads and ensuring uninterrupted power supply when expanding and upgrading existing infrastructure like highways, railways, and airports. The increasing need for reliable grounding systems in construction and infrastructure projects is supporting the earthing equipment market growth. In 2023, the National Development and Reform Commission (NDRC) of China revealed its initial set of infrastructure projects funded by newly issued government bonds. These projects concentrated on restoring areas following floods in the Beijing-Tianjin-Hebei area and consisted of improvements in flood control and disaster prevention.
Technological Advancements
Advanced protection mechanisms are essential for ensuring safety and efficiency in current electrical systems. New advancements such as merging high-speed grounding switches with cutting-edge protection systems improve the ability to quickly and efficiently control arc faults. These improvements increase safety by lowering the chance of electrical dangers, decreasing equipment damage, and maintaining smooth operations. Moreover, the incorporation of smart technologies in grounding systems enhances efficiency, streamlines installation, and decreases expenses. The growing need for dependable earthing systems in new and current electrical infrastructure is leading to the development of more intelligent, efficient, and cost-saving solutions. These innovations reflect the latest earthing equipment market trends, emphasizing the integration of smart technologies to meet evolving safety and performance standards. In 2023, ABB introduced a novel product that integrated its ultra-fast earthing switch (UFES) with Relion technology to enhance arc protection. This intelligent, economical solution expanded ABB's choices for arc protection, improving safety and dependability while decreasing the complexity and expenses of installation. The new mix was designed to offer quicker and more efficient arc fault mitigation for new and current switchgear applications.
Rise in Renewable Energy Projects
The increasing number of solar and wind energy projects is driving the demand for specialized grounding solutions that can handle the unique requirements of these installations. Renewable energy systems commonly need high-voltage equipment and must have strong and dependable earthing systems to ensure safety and efficiency, as they are affected by changing weather conditions. Additionally, government incentives and policies encouraging clean energy adoption are leading to investments in renewable projects, further driving the advanced earthing equipment demand. In 2024, Tata Power revealed its intention to spend ₹20,000 crore in FY2024-25 to broaden its renewable energy assets and improve its transmission and distribution operations. The chairman of the company announced that this investment would come after a ₹12,000 crore spending in FY2023-24. The company planned to raise its clean energy capacity to 15 GW by establishing a 4.3 GW solar manufacturing facility in Tamil Nadu. Furthermore, Tata Power concentrated on growing the infrastructure for electric vehicle (EV) charging and solar rooftop ventures.
Earthing Equipment Market Segmentation:
Breakup by Product:
- MS Flat
- CI Flat
- GI Wire
CI flat accounts for the majority of the market share
CI flat accounts for the majority of the market share because of its extensive usage and demonstrated dependability in various applications. CI flat is popular due to its great electrical conduction, long-lasting quality, and affordability, making it a top pick for industrial and residential grounding systems. The robust nature of CI flat ensures long-term performance with minimal maintenance, which is crucial for maintaining safety standards in electrical systems. Moreover, the growing infrastructure projects and industrial growth are driving the demand for CI flat. The extensive usage and reliability of CI flat notably contributes to the overall earthing equipment market size, making it a dominant segment in the industry. In March 2024, the Prime Minister of India launched and laid the groundwork for connectivity ventures totaling INR 15,400 crores in Kolkata. The plans involved various Metro segments like Howrah Maidan-Esplanade and Taratala-Majerhat, in addition to expansions for Pune Metro, Kochi Metro, and Agra Metro. These advancements were focused on improving movement within cities and easing traffic congestion on roads.
Breakup by Application:
- Residential
- Commercial
- Industrial
Industrial holds the largest share of the industry
Industrial represents the largest segment as per the earthing equipment market outlook due to the growing demand for dependable earthing solutions in diverse industrial uses. Industries like manufacturing, oil and gas, power generation, and telecommunications need sophisticated earthing systems to guarantee the safety and effectiveness of their activities. In industrial environments with complex infrastructure and high electrical loads, reliable earthing equipment is crucial to avoid electrical hazards and protect equipment from damage. The ongoing industrialization, particularly in developing countries, is driving the need for earthing equipment in this sector.
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Asia Pacific leads the market, accounting for the largest earthing equipment market share
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific represents the largest regional market for earthing equipment.
Asia Pacific holds the biggest market share due to the rapid pace of industrialization and rising focus on infrastructure development. The growing investments in renewable energy initiatives and expanding electrical networks, is driving the need for efficient earthing solutions in the region. Moreover, the increasing awareness about electrical safety standards and stringent government regulations are bolstering the market growth. Furthermore, the rising awareness about electrical safety standards and stringent government regulations are increasing the earthing equipment market value in the region. The IndoMach industrial machinery and engineering trade fair, held from June 21-23, 2024, in Hyderabad, attracted over 5,000 visitors on its second day. The event showcased more than 750 live machinery and 900 brands, including Ashlok Earthing, a manufacturer of earthing and lightning products. The fair featured cutting-edge technologies across various industrial applications, such as automation, robotics, and heavy machinery. The exhibition highlighted innovations and products from both national and international exhibitors. Additionally, discounts on cutting-edge products and services were offered throughout the exhibition.
Competitive Landscape:
- The earthing equipment market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the industry include ABB Ltd., CG Power and Industrial Solutions Limited (Avantha Group), Eaton Corporation Inc., Emerson Electric Co., General Electric, Harger Lightning & Grounding, Kingsmill Industries UK Ltd., Schneider Electric SE, Toshiba Corporation, etc.
(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
- Major stakeholders in the industry are concentrating on strategic efforts to enhance their market standing. These efforts involve investing in research operations for new earthing solutions, diversifying product offerings, and utilizing mergers and acquisitions (M&A) to improve capabilities and market presence. Moreover, leading earthing equipment companies are establishing strategic alliances and partnerships to access new markets and enhance their distribution channels. Emphasis is also placed on adhering to stringent safety regulations and standards, ensuring high-quality products, and providing comprehensive after-sales services to maintain user satisfaction and loyalty. In 2024, the University of Nottingham partnered with Kingsmill Industries Ltd to innovate clean energy solutions for earthing equipment and lightning protection products. The collaboration aimed to enhance Kingsmill's competitive edge by integrating advanced power electronics and smart functionalities into their products.
Key Questions Answered in This Report
- 1.What was the size of the global earthing equipment market in 2024?
- 2.What is the expected growth rate of the global earthing equipment market during 2025-2033?
- 3.What are the key factors driving the global earthing equipment market?
- 4.What has been the impact of COVID-19 on the global earthing equipment market?
- 5.What is the breakup of the global earthing equipment market based on the product?
- 6.What is the breakup of the global earthing equipment market based on the application?
- 7.What are the key regions in the global earthing equipment market?
- 8.Who are the key players/companies in the global earthing equipment market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Earthing Equipment Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product
- 6.1 MS Flat
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 CI Flat
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 GI Wire
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Application
- 7.1 Residential
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Commercial
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Industrial
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 ABB Ltd.
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.1.3 Financials
- 13.3.1.4 SWOT Analysis
- 13.3.2 CG Power and Industrial Solutions Limited (Avantha Group)
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.2.3 Financials
- 13.3.2.4 SWOT Analysis
- 13.3.3 Eaton Corporation Inc.
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.3.3 Financials
- 13.3.3.4 SWOT Analysis
- 13.3.4 Emerson Electric Co.
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.4.3 Financials
- 13.3.4.4 SWOT Analysis
- 13.3.5 General Electric
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.5.3 Financials
- 13.3.5.4 SWOT Analysis
- 13.3.6 Harger Lightning & Grounding
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.7 Kingsmill Industries UK Ltd.
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.8 Schneider Electric SE
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.8.3 Financials
- 13.3.8.4 SWOT Analysis
- 13.3.9 Toshiba Corporation
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.9.3 Financials
- 13.3.9.4 SWOT Analysis
- 13.3.1 ABB Ltd.
List of Figures
- Figure 1: Global: Earthing Equipment Market: Major Drivers and Challenges
- Figure 2: Global: Earthing Equipment Market: Sales Value (in Billion USD), 2019-2024
- Figure 3: Global: Earthing Equipment Market: Breakup by Product (in %), 2024
- Figure 4: Global: Earthing Equipment Market: Breakup by Application (in %), 2024
- Figure 5: Global: Earthing Equipment Market: Breakup by Region (in %), 2024
- Figure 6: Global: Earthing Equipment Market Forecast: Sales Value (in Billion USD), 2025-2033
- Figure 7: Global: Earthing Equipment (MS Flat) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 8: Global: Earthing Equipment (MS Flat) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 9: Global: Earthing Equipment (CI Flat) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 10: Global: Earthing Equipment (CI Flat) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 11: Global: Earthing Equipment (GI Wire) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 12: Global: Earthing Equipment (GI Wire) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 13: Global: Earthing Equipment (Residential) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 14: Global: Earthing Equipment (Residential) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 15: Global: Earthing Equipment (Commercial) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 16: Global: Earthing Equipment (Commercial) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 17: Global: Earthing Equipment (Industrial) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 18: Global: Earthing Equipment (Industrial) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 19: North America: Earthing Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 20: North America: Earthing Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 21: United States: Earthing Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 22: United States: Earthing Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 23: Canada: Earthing Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 24: Canada: Earthing Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 25: Asia Pacific: Earthing Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 26: Asia Pacific: Earthing Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 27: China: Earthing Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 28: China: Earthing Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 29: Japan: Earthing Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 30: Japan: Earthing Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 31: India: Earthing Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 32: India: Earthing Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 33: South Korea: Earthing Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 34: South Korea: Earthing Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 35: Australia: Earthing Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 36: Australia: Earthing Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 37: Indonesia: Earthing Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 38: Indonesia: Earthing Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 39: Others: Earthing Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 40: Others: Earthing Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 41: Europe: Earthing Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 42: Europe: Earthing Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 43: Germany: Earthing Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 44: Germany: Earthing Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 45: France: Earthing Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 46: France: Earthing Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 47: United Kingdom: Earthing Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 48: United Kingdom: Earthing Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 49: Italy: Earthing Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 50: Italy: Earthing Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 51: Spain: Earthing Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 52: Spain: Earthing Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 53: Russia: Earthing Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 54: Russia: Earthing Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 55: Others: Earthing Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 56: Others: Earthing Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 57: Latin America: Earthing Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 58: Latin America: Earthing Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 59: Brazil: Earthing Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 60: Brazil: Earthing Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 61: Mexico: Earthing Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 62: Mexico: Earthing Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 63: Others: Earthing Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 64: Others: Earthing Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 65: Middle East and Africa: Earthing Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 66: Middle East and Africa: Earthing Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 67: Global: Earthing Equipment Industry: SWOT Analysis
- Figure 68: Global: Earthing Equipment Industry: Value Chain Analysis
- Figure 69: Global: Earthing Equipment Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Earthing Equipment Market: Key Industry Highlights, 2024 and 2033
- Table 2: Global: Earthing Equipment Market Forecast: Breakup by Product (in Million USD), 2025-2033
- Table 3: Global: Earthing Equipment Market Forecast: Breakup by Application (in Million USD), 2025-2033
- Table 4: Global: Earthing Equipment Market Forecast: Breakup by Region (in Million USD), 2025-2033
- Table 5: Global: Earthing Equipment Market Structure
- Table 6: Global: Earthing Equipment Market: Key Players
