Grounding Bars and Rods market research report will educate buyer on past, current and anticipated market situations, market drivers, trends driving it, and the challenges faced by the market which will help in deciding corporate strategy, product strategy, marketing strategy and sales strategy.
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″.
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Grounding Bars and Rods Market Drivers, Challenges and Trends: –
Market Driver: – 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.
Market Challenge: – 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.
Market trend: – 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
Market segmentation by end-user:- by end-user, in construction industry, in manufacturing sector, in power industry, in telecom and data centers industry ; Geographic Segmentation: – Americas, APAC, EMEA
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To determine the Grounding Bars and Rods market size the report considers the demand for grounding bars and rods. The report covers the market landscape and its growth prospects over the coming years. Report contains vendor landscape in addition to a SWOT analysis of the key vendors operating in Grounding Bars and Rods market space like A.N. Wallis, Galvan Industries, INDELEC, Nehring Electrical Works, Pentair and many more.
Some key points of Grounding Bars and Rods Market research report: –
What is status of Grounding Bars and Rods Market? This Overview Includes Analysis of Market trends, Prospect, Growth trend, Key buying criteria, Product offerings, Key takeaways. What will the market size be in 2021 and what will the growth rate be?
What Is Grounding Bars and Rods Competitive landscape considering Manufacturers, Types, Application; their business segmentation by revenue?
Market Effect Factors Analysis: What Are Drivers, Challenges and their impact? What are the crucial market trends?
Decision framework of Grounding Bars and Rods Industry; Consumer Needs or What Change Is Observed in Preference of Customer of Grounding Bars and Rods Market
What is Grounding Bars and Rods Market forecast Considering Market Size, Sales, Revenue, Growth rate, Price and Trends for Regions, Types and Applications?
This report provides new business dimensions with an eye on growth opportunities and contribution of upcoming market segments.