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Earthing Rods Market By Material Type (Copper Alloy, Steel Alloy, Aluminum) By Rod Type (Extendable, Non-Extendable)-Growth, Future Prospects & Competitive Analysis, 2016 – 2030

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Published: | Report ID: 19100 | Report Format : PDF

Key Highlights of the Report

The Global Earthing Rods market is segmented by material type, rod type, and region. Copper Alloy is the leading segment by material type. During the forecast period, the Extendable rod-type segment is expected to have the most significant CAGR. Asia Pacific is driving the growth of the Earthing Rods industry.

The expanding construction industry and increased investments in power infrastructure are the primary drivers of market growth. High initial costs and raw material price volatility are the issues limiting market growth.

The Asia Pacific region’s telecommunications business is flourishing due to rising usage of mobile devices, internet access, and digital services. Telecommunications infrastructure rollout necessitates installing strong grounding systems to defend against electrical faults, lightning strikes, and electromagnetic interference. Earthing Rods created exclusively for the telecommunications industry are in high demand, meeting the industry’s expanding demands.

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Market Overview

The global Earthing Rods market has been growing steadily in recent years and is predicted to expand at a CAGR of 4.80% between 2023 and 2030. In 2022, the market was valued at USD 1.7 billion and is predicted to grow to USD 2.36 billion by 2030.

What Are the Primary Drivers of the Global Earthing Rods Market?

The expanding construction industry and increased investments in power infrastructure are the primary drivers of market growth.

What Are the Major Challenges Facing the Global Earthing Rods Market?

High initial costs and raw material price volatility are the issues limiting market growth.

What Are the Growth Opportunities for the Global Earthing Rods Market?

Smart grid integration and the rapid expansion of the electric vehicle (EV) industry are the market’s significant opportunities.

Executive Summary

Overview of the Global Earthing Rods Market

Earthing Rods are essential in safeguarding electrical systems from surges and lightning strikes. When a surge or lightning event happens, the Earthing Rod offers a direct conduit for the excess electrical energy to safely dissipate into the earth, safeguarding equipment and averting damage. Properly grounded systems can considerably reduce the risk of equipment failure, data loss, and fire hazards caused by electrical surges. Electrical safety, fault current discharge, surge and lightning protection, equipment protection, fire prevention, regulatory compliance, and personal worker protection are all advantages of earthing rods. Proper grounding using Earthing Rods is critical for ensuring the safe and dependable operation of electrical equipment in a variety of applications and industries.

Market Definition

The Earthing Rods market includes the manufacture, distribution, and sale of earthing rods, also known as grounding or earthing electrodes. Earthing Rods are critical components of electrical grounding systems that assure safety, prevent electrical failures, and provide a low-resistance path for electrical current dissipation into the ground.

Market Insights

  • The global market for Earthing Rods was valued at USD 1.7 billion in 2022 and is predicted to expand at a CAGR of 4.80% between 2023 and 2030, reaching USD 2.36 billion in 2030.
  • Copper Alloy is the leading segment by material type.
  • During the forecast period, the Extendable rod-type segment is expected to have the most significant CAGR.
  • Asia Pacific is driving the growth of the Earthing Rods industry.
  • North America is the second largest region in the Earthing Rods industry.
  • Europe is expected to be the fastest-growing region in the Earthing Rods industry.
  • The expanding construction industry and increased investments in power infrastructure are the primary drivers of market growth.
  • High initial costs and raw material price volatility are the issues limiting market growth.
  • Smart grid integration and the rapid expansion of the electric vehicle (EV) industry are the market’s significant opportunities.

Segmentation by Material Type

  • Copper Alloy is the leading segment by material type.
  • The Steel Alloy segment is expected to have the highest CAGR during the forecast period.
  • Aluminum is another segment that contributes very little to the global earthing rods market compared to the copper and steel alloy segments.

Segmentation by Rod Type

  • During the forecast period, the Extendable rod-type segment is expected to have the most significant CAGR.
  • Another rod type, such as non-extendable, also contributes to the demand for Earthing Rods.

Segmentation by Region

  • Asia Pacific is driving the growth of the Earthing Rods industry.
  • North America is the second largest region in the Earthing Rods industry.
  • Europe is expected to be the fastest-growing region in the Earthing Rods industry.
  • The rest of the world, including Latin America, the Middle East, and Africa, accounts for the remaining demand for Earthing Rods.

The expanding construction industry can be related to the increased need for Earthing Rods. However, the market is hindered by raw material price volatility.

The Internet of Things (IoT) and monitoring technology integration are gaining pace in India’s Earthing Rods market. To remotely monitor the status and performance of Earthing Rods, IoT-enabled sensors and monitoring systems are being implemented. Data on ground resistance, problem detection, and maintenance requirements can be acquired in real-time, enabling proactive monitoring and prompt actions. This trend increases the efficiency and dependability of earthing systems while also assisting in optimizing maintenance efforts.

Renewable energy installations, notably solar and wind power, have increased significantly in the United States. As the government strives to move to cleaner energy sources, there is a growing demand in renewable energy projects for effective grounding systems, such as Earthing Rods. These grounding systems ensure that solar panels, wind turbines, and associated infrastructure operate safely and reliably.

The rise of cloud computing and digital services has spurred the expansion of data center infrastructure in the United States. Data centers require robust grounding systems to safeguard sensitive equipment from electrical failures and assure continuous operation. As data center infrastructure grows, there is a greater need for Earthing Rods designed specifically for data center grounding.

Growing Construction Industry

The construction industry is a major driver of earthing rod demand. As construction activities develop globally, there is an increasing demand for electrical safety precautions, such as suitable grounding systems. Earthing rods are a crucial component of these systems because they assist in dissipating electrical currents safely into the ground, decreasing the risk of electric shocks, equipment damage, and fire threats.

Residential, commercial, industrial, and infrastructural projects are all part of the construction business. Electrical systems are critical in these areas, and earthing rods are required to ensure their safety and proper operation. Proper grounding is vital in every residential structure, office complex, manufacturing facility, or power plant.

With urbanization and population increase, there is a greater need for new buildings, infrastructure, and utilities. As a result, the construction sector is expanding rapidly over the world. This expansion necessitates constructing more electrical systems, including earthing rods, to meet safety requirements and regulations. As the construction sector grows, so does the demand for earthing rods.

Increasing Investments in Power Infrastructure

Rising investments in power infrastructure are driving the Earthing Rods market forward. Power infrastructure investments include creating, growing, and modernizing power generating, transmission, and distribution infrastructures. Power infrastructure investments frequently include the construction of new power plants or the expansion of existing ones. These power plants require suitable grounding systems to ensure the safe operation of electrical equipment and to defend against electrical problems. Earthing rods, which offer a low-resistance conduit for electrical currents to pass into the ground, are a crucial component of these grounding systems.

Power infrastructure investments frequently include the construction of smart grids, which combine modern technologies for efficient and intelligent energy management. Smart grids rely on strong grounding systems to ensure safe and dependable operation. Earthing rods are important in ensuring a dependable ground connection, particularly in smart grid systems with multiple devices and integrated sensors.

High Initial Costs

The installation of earthing rods necessitates the acquisition of supplies, labor, and equipment. These expenses can add up quickly, especially for large-scale projects or when many earthing rods are necessary. The hefty initial expenditure may discourage some clients or projects with limited budgets, resulting in slower adoption of earthing rods.

Lack of Awareness and Education

Despite rising awareness of the necessity of electrical safety, there may still be a lack of information and understanding about the importance of good grounding and the role of earthing rods. This lack of understanding may limit demand for earthing rods because some individuals or organizations may be unaware of the possible problems connected with inadequate grounding or may choose less expensive options without considering the long-term benefits of earthing rods.

Volatility in Raw Material Prices

Earthing rods are often made of materials such as copper or copper-bonded steel, which are vulnerable to global market price swings. Raw material price volatility can affect the manufacturing costs of earthing rods and potentially affect product pricing. This volatility may create uncertainty for producers and have an impact on the overall growth of the Earthing Rods market.

Smart Grid Integration

Smart grids, which enable efficient energy management and grid monitoring, are gaining popularity around the world. To ensure the electrical network’s reliability and safety, smart grids require strong earthing systems. As utilities and grid operators continue to improve their infrastructure, the demand for Earthing Rods compatible with smart grid technology grows.

Electric Vehicle Charging Infrastructure

The rapid expansion of the electric vehicle (EV) sector is driving up the demand for charging infrastructure. To maintain safety during charging operations, EV charging stations and related electrical equipment require appropriate earthing systems. As the EV industry grows, there will be a greater demand for Earthing Rods designed specifically for EV charging applications.

Expansion into Emerging Markets

Emerging markets, particularly in Asia, Africa, and Latin America, are rapidly industrializing, urbanizing, and developing infrastructure. Earthing Rods are in high demand as these regions modernize their electrical infrastructure. Companies that expand their operations and distribution networks into these expanding markets will be able to capitalize on the rising demand and acquire a competitive advantage.

Competitive Landscape

Key Players

The global Earthing Rods market is extremely competitive, with several major competitors present. The following are some of the market’s top companies and their market share:

  • ISG GLOBAL (India)
  • Axis Electrical Components (India)
  • Meera Impex (India)
  • MG Industries Earthing (India)
  • Pioneer Power International (India)
  • Renwon Earth (India)
  • Metalmech Engineering (India)
  • Veraizen Earthing (India)
  • Nexus Copper (India)
  • Citizen Metalloys Ltd. (India)

These organizations prioritize product innovation, distribution channel expansion, and mergers and acquisitions to stay competitive.

The global Earthing Rods market’s key competitors constantly attempt to stay ahead by offering new products and developments.

In April 2021, Siemens Energy was granted a contract to supply 10 SF6-free gas-insulated earthing switchgear (GIS) to the Finnish transmission system operator Fingrid. This will be Finland’s first GIS using “clean air” instead of SF6 as the world’s most powerful greenhouse gas.

Schneider introduced the Easy9 Compact earthing switch system in 2021. It is the market’s most versatile home alternative. The device is compact, preserving the core style of the series in a smaller size. The solution’s compact size and low-profile lid enable homeowners and electricians to install it where needed while meeting any aesthetic standards. The device fits nicely with its surroundings because of its curved form, white finish, and simple markings.

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Summary of Key Findings

  • The expanding construction industry and increased investments in power infrastructure are the primary drivers of market growth.
  • Market segmented by material type, rod type, and region.
  • Copper Alloy is the leading segment by material type.
  • During the forecast period, the Extendable rod-type segment is expected to have the most significant CAGR.
  • Asia Pacific is leading market growth; the market is highly competitive with key players, including ISG GLOBAL (India), Axis Electrical Components (India), and Meera Impex (India).

Future Outlook

  • With increased investments in power infrastructure, there is a positive outlook for the global Earthing Rods market.
  • The expanding construction industry and increased investments in power infrastructure are the primary drivers of market growth.
  • High initial costs and raw material price volatility are the issues limiting market growth.
  • To keep ahead of the competition, key firms must focus on product innovation, growing market reach, and maintaining competitive pricing.

Segmentation

  • By Material Type
    • Copper Alloy
    • Steel Alloy
    • Aluminum
  • By Rod Type
    • Extendable
    • Non-Extendable
  • By Region
  • North America
    • The US.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • The U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Data Modelling
1.3.2.1. Company Share Analysis Model
1.3.2.2. Revenue Based Modelling
1.3.3. Phase III – Primary Research
1.3.4. Research Limitations
1.3.5. Assumptions
1.4. Market Introduction
1.5. Market Research Scope

2. Executive Summary
2.1. Market Snapshot: Global Earthing Rods Market
2.2. Global Earthing Rods Market, By Material Type
2.3. Global Earthing Rods Market, By Rod Type
2.4. Global Earthing Rods Market, By Region

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Earthing Rods Market Value, 2017-2030, (US$ Bn)
3.1.2. Y-o-Y Growth Trend Analysis
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.2.4. Major Industry Challenges
3.2.4.1. Challenge 1
3.2.4.2. Challenge 2
3.3. Growth and Development Patterns
3.4. Investment Feasibility Analysis
3.5. Market Opportunity Analysis
3.5.1. Material Type
3.5.2. Rod Type
3.5.3. Geography

4. Premium Insights
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Types
4.2.5. Intensity of Competitive Rivalry
4.3. Key Market Trends
4.3.1. Demand Side Trends
4.3.2. Supply Side Trends
4.4. Value Chain Analysis
4.5. Technology Analysis
4.6. Analysis and Recommendations
4.7. Marketing Strategy Analysis
4.7.1. Direct Marketing
4.7.2. Indirect Marketing
4.7.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2022
5.1. Company market share of key players, 2022
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted by Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. Product Launch
5.5.5. Geographical Expansion
5.5.6. Others

6. Economic Impact Analysis
6.1. Recession Impact
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Latin America
6.1.5. Middle East and Africa
6.2. Ukraine-Russia War Impact
6.2.1. North America
6.2.2. Europe
6.2.3. Asia Pacific
6.2.4. Latin America
6.2.5. Middle East and Africa
6.3. COVID-19 Impact Analysis
6.3.1. North America
6.3.2. Europe
6.3.3. Asia Pacific
6.3.4. Latin America
6.3.5. Middle East and Africa

7. Global Earthing Rods Market, By Material Type
7.1. Global Earthing Rods Market Overview, by Material Type
7.1.1. Global Earthing Rods Market Revenue Share, By Material Type, 2022 Vs 2030 (in %)
7.2. Copper Alloy
7.2.1. Global Earthing Rods Market, By Region, 2017-2030 (US$ Bn)
7.3. Steel Alloy
7.3.1. Global Earthing Rods Market, By Region, 2017-2030 (US$ Bn)
7.4. Aluminum
7.4.1. Global Earthing Rods Market, By Region, 2017-2030 (US$ Bn)

8. Global Earthing Rods Market, By Rod Type
8.1. Global Earthing Rods Market Overview, by Rod Type
8.1.1. Global Earthing Rods Market, By Rod Type, 2022 vs 2030 (in %)
8.2. Extendable
8.2.1. Global Earthing Rods Market, By Region, 2017-2030 (US$ Bn)
8.3. Non-Extendable
8.3.1. Global Earthing Rods Market, By Region, 2017-2030 (US$ Bn)

9. Global Earthing Rods Market, By Region
9.1. Global Earthing Rods Market Overview, by Region
9.1.1. Global Earthing Rods Market, By Region, 2022 vs 2030 (in%)
9.2. Material Type
9.2.1. Global Earthing Rods Market, By Material Type, 2017-2030 (US$ Bn)
9.3. Rod Type
9.3.1. Global Earthing Rods Market, By Rod Type, 2017-2030 (US$ Bn)

10. North America Earthing Rods Market Analysis
10.1. North America Earthing Rods Market, by Material Type, 2017-2030(US$ Bn)
10.1.1. Overview
10.1.2. SRC Analysis
10.2. North America Earthing Rods Market, by Rod Type, 2017-2030(US$ Bn)
10.2.1. Overview
10.2.2. SRC Analysis
10.3. North America Earthing Rods Market, by Country, 2017-2030 (US$ Bn)
10.3.1. North America Earthing Rods Market, by Country, 2022 Vs 2030 (in%)
10.3.2. U.S.
10.3.2.1. U.S. Earthing Rods Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.3.2.2. U.S. Earthing Rods, By Material Type, 2017-2030 (US$ Bn)
10.3.2.3. U.S. Earthing Rods, By Rod Type, 2017-2030 (US$ Bn)
10.3.3. Canada
10.3.3.1. Canada Earthing Rods Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.3.3.2. Canada Earthing Rods, By Material Type, 2017-2030 (US$ Bn)
10.3.3.3. Canada Earthing Rods, By Rod Type, 2017-2030 (US$ Bn)
10.3.4. Mexico
10.3.4.1. Mexico Earthing Rods Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.3.4.2. Mexico Earthing Rods, By Material Type, 2017-2030 (US$ Bn)
10.3.4.3. Mexico Earthing Rods, By Rod Type, 2017-2030 (US$ Bn)

11. Europe Earthing Rods Market Analysis
11.1. Europe Earthing Rods Market, by Material Type, 2017-2030(US$ Bn)
11.1.1. Overview
11.1.2. SRC Analysis
11.2. Europe Earthing Rods Market, by Rod Type, 2017-2030(US$ Bn)
11.2.1. Overview
11.2.2. SRC Analysis
11.3. Europe Earthing Rods Market, by Country, 2017-2030 (US$ Bn)
11.3.1. Europe Earthing Rods Market, by Country, 2022 Vs 2030 (in%)
11.3.2. Germany
11.3.2.1. Germany Earthing Rods Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.3.2.2. Germany Earthing Rods, By Material Type, 2017-2030 (US$ Bn)
11.3.2.3. Germany Earthing Rods, By Rod Type, 2017-2030 (US$ Bn)
11.3.3. France
11.3.3.1. France Earthing Rods Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.3.3.2. France Earthing Rods, By Material Type, 2017-2030 (US$ Bn)
11.3.3.3. France Earthing Rods, By Rod Type, 2017-2030 (US$ Bn)
11.3.4. UK
11.3.4.1. UK Earthing Rods Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.3.4.2. UK Earthing Rods, By Material Type, 2017-2030 (US$ Bn)
11.3.4.3. UK Earthing Rods, By Rod Type, 2017-2030 (US$ Bn)
11.3.5. Italy
11.3.5.1. Italy Earthing Rods Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.3.5.2. Italy Earthing Rods, By Material Type, 2017-2030 (US$ Bn)
11.3.5.3. Italy Earthing Rods, By Rod Type, 2017-2030 (US$ Bn)
11.3.6. Spain
11.3.6.1. Spain Earthing Rods Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.3.6.2. Spain Earthing Rods, By Material Type, 2017-2030 (US$ Bn)
11.3.6.3. Spain Earthing Rods, By Rod Type, 2017-2030 (US$ Bn)
11.3.7. Rest of Europe
11.3.7.1. Rest of Europe Earthing Rods Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.3.7.2. Rest of Europe Earthing Rods, By Material Type, 2017-2030 (US$ Bn)
11.3.7.3. Rest of Europe Earthing Rods, By Rod Type, 2017-2030 (US$ Bn)

12. Asia Pacific Earthing Rods Market Analysis
12.1. Asia Pacific Earthing Rods Market, by Material Type, 2017-2030(US$ Bn)
12.1.1. Overview
12.1.2. SRC Analysis
12.2. Asia Pacific Earthing Rods Market, by Rod Type, 2017-2030(US$ Bn)
12.2.1. Overview
12.2.2. SRC Analysis
12.3. Asia Pacific Earthing Rods Market, by Country, 2017-2030 (US$ Bn)
12.3.1. Asia Pacific Earthing Rods Market, by Country, 2022 Vs 2030 (in%)
12.3.2. China
12.3.2.1. China Earthing Rods Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.3.2.2. China Earthing Rods, By Material Type, 2017-2030 (US$ Bn)
12.3.2.3. China Earthing Rods, By Rod Type, 2017-2030 (US$ Bn)
12.3.3. Japan
12.3.3.1. Japan Earthing Rods Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.3.3.2. Japan Earthing Rods, By Material Type, 2017-2030 (US$ Bn)
12.3.3.3. Japan Earthing Rods, By Rod Type, 2017-2030 (US$ Bn)
12.3.4. India
12.3.4.1. India Earthing Rods Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.3.4.2. India Earthing Rods, By Material Type, 2017-2030 (US$ Bn)
12.3.4.3. India Earthing Rods, By Rod Type, 2017-2030 (US$ Bn)
12.3.5. South Korea
12.3.5.1. South Korea Earthing Rods Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.3.5.2. South Korea Earthing Rods, By Material Type, 2017-2030 (US$ Bn)
12.3.5.3. South Korea Earthing Rods, By Rod Type, 2017-2030 (US$ Bn)
12.3.6. South-East Asia
12.3.6.1. South-East Asia Earthing Rods Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.3.6.2. South-East Asia Earthing Rods, By Material Type, 2017-2030 (US$ Bn)
12.3.6.3. South-East Asia Earthing Rods, By Rod Type, 2017-2030 (US$ Bn)
12.3.7. Rest of Asia Pacific
12.3.7.1. Rest of Asia Pacific Earthing Rods Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.3.7.2. Rest of Asia Pacific Earthing Rods, By Material Type, 2017-2030 (US$ Bn)
12.3.7.3. Rest of Asia Pacific Earthing Rods, By Rod Type, 2017-2030 (US$ Bn)

13. Latin America Earthing Rods Market Analysis
13.1. Latin America Earthing Rods Market, by Material Type, 2017-2030(US$ Bn)
13.1.1. Overview
13.1.2. SRC Analysis
13.2. Latin America Earthing Rods Market, by Rod Type, 2017-2030(US$ Bn)
13.2.1. Overview
13.2.2. SRC Analysis
13.3. Latin America Earthing Rods Market, by Country, 2017-2030 (US$ Bn)
13.3.1. Latin America Earthing Rods Market, by Country, 2022 Vs 2030 (in%)
13.3.2. Brazil
13.3.2.1. Brazil Earthing Rods Market Estimates and Forecast, 2017-2030 (US$ Bn)
13.3.2.2. Brazil Earthing Rods, By Material Type, 2017-2030 (US$ Bn)
13.3.2.3. Brazil Earthing Rods, By Rod Type, 2017-2030 (US$ Bn)
13.3.3. Argentina
13.3.3.1. Argentina Earthing Rods Market Estimates and Forecast, 2017-2030 (US$ Bn)
13.3.3.2. Argentina Earthing Rods, By Material Type, 2017-2030 (US$ Bn)
13.3.3.3. Argentina Earthing Rods, By Rod Type, 2017-2030 (US$ Bn)
13.3.4. Rest of Latin America
13.3.4.1. Rest of Latin America Earthing Rods Market Estimates and Forecast, 2017-2030 (US$ Bn)
13.3.4.2. Rest of Latin America Earthing Rods, By Material Type, 2017-2030 (US$ Bn)
13.3.4.3. Rest of Latin America Earthing Rods, By Rod Type, 2017-2030 (US$ Bn)

14. Middle East and Africa Earthing Rods Market Analysis
14.1. Middle East and Africa Earthing Rods Market, by Material Type, 2017-2030(US$ Bn)
14.1.1. Overview
14.1.2. SRC Analysis
14.2. Middle East and Africa Earthing Rods Market, by Rod Type, 2017-2030(US$ Bn)
14.2.1. Overview
14.2.2. SRC Analysis
14.3. Middle East and Africa Earthing Rods Market, by Country, 2017-2030 (US$ Bn)
14.3.1. Middle East and Africa Earthing Rods Market, by Country, 2022 Vs 2030 (in%)
14.3.2. GCC Countries
14.3.2.1. GCC Countries Earthing Rods Market Estimates and Forecast, 2017-2030 (US$ Bn)
14.3.2.2. GCC Countries Earthing Rods, By Material Type, 2017-2030 (US$ Bn)
14.3.2.3. GCC Countries Earthing Rods, By Rod Type, 2017-2030 (US$ Bn)
14.3.3. South Africa
14.3.3.1. South Africa Earthing Rods Market Estimates and Forecast, 2017-2030 (US$ Bn)
14.3.3.2. South Africa Earthing Rods, By Material Type, 2017-2030 (US$ Bn)
14.3.3.3. South Africa Earthing Rods, By Rod Type, 2017-2030 (US$ Bn)
14.3.4. Rest of Middle East and Africa
14.3.4.1. Rest of Middle East and Africa Earthing Rods Market Estimates and Forecast, 2017-2030 (US$ Bn)
14.3.4.2. Rest of Middle East and Africa Earthing Rods, By Material Type, 2017-2030 (US$ Bn)
14.3.4.3. Rest of Middle East and Africa Earthing Rods, By Rod Type, 2017-2030 (US$ Bn)

15. Company Profiles
15.1. ISG GLOBAL (India)
15.1.1. Company Overview
15.1.2. Product /Services Portfolio
15.1.3. Geographical Presence
15.1.4. Financial Summary
15.1.4.1. Market Revenue and Net Profit (2019-2022)
15.1.4.2. Business Segment Revenue Analysis
15.1.4.3. Geographical Revenue Analysis
15.2. Axis Electrical Components (India)
15.3. Meera Impex (India)
15.4. Erico (US)
15.5. Pioneer Power International (India)
15.6. Renwon Earth (India)
15.7. Metalmech Engineering (India)
15.8. Veraizen Earthing (India)
15.9. Nexus Copper (India)

List of Figures
FIG. 1 Global Earthing Rods Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Earthing Rods Market Segmentation
FIG. 4 Global Earthing Rods Market, by Material Type, 2022 (US$ Bn)
FIG. 5 Global Earthing Rods Market, by Rod Type, 2022 (US$ Bn)
FIG. 6 Global Earthing Rods Market, by Geography, 2022 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Material Type, 2022
FIG. 8 Attractive Investment Proposition, by Rod Type, 2022
FIG. 9 Attractive Investment Proposition, by Geography, 2022
FIG. 10 Global Market Share Analysis of Key Earthing Rods Market Manufacturers, 2022
FIG. 11 Global Market Positioning of Key Earthing Rods Market Manufacturers, 2022
FIG. 12 Global Earthing Rods Market Value Contribution, By Material Type, 2022 & 2030 (Value %)
FIG. 13 Global Earthing Rods Market, by Copper Alloy, Value, 2017-2030 (US$ Bn)
FIG. 14 Global Earthing Rods Market, by Steel Alloy, Value, 2017-2030 (US$ Bn)
FIG. 15 Global Earthing Rods Market, by Aluminum, Value, 2017-2030 (US$ Bn)
FIG. 16 Global Earthing Rods Market Value Contribution, By Rod Type, 2022 & 2030 (Value %)
FIG. 17 Global Earthing Rods Market, by Extendable, Value, 2017-2030 (US$ Bn)
FIG. 18 Global Earthing Rods Market, by Non-Extendable, 2017-2030 (US$ Bn)
FIG. 19 North America Earthing Rods Market, 2017-2030 (US$ Bn)
FIG. 20 U.S. Earthing Rods Market, 2017-2030 (US$ Bn)
FIG. 21 Canada Earthing Rods Market, 2017-2030 (US$ Bn)
FIG. 22 Europe Earthing Rods Market, 2017-2030 (US$ Bn)
FIG. 23 Germany Earthing Rods Market, 2017-2030 (US$ Bn)
FIG. 24 France Earthing Rods Market, 2017-2030 (US$ Bn)
FIG. 25 U.K. Earthing Rods Market, 2017-2030 (US$ Bn)
FIG. 26 Italy Earthing Rods Market, 2017-2030 (US$ Bn)
FIG. 27 Spain Earthing Rods Market, 2017-2030 (US$ Bn)
FIG. 28 Rest of Europe Earthing Rods Market, 2017-2030 (US$ Bn)
FIG. 29 Asia Pacific Earthing Rods Market, 2017-2030 (US$ Bn)
FIG. 30 China Earthing Rods Market, 2017-2030 (US$ Bn)
FIG. 31 Japan Earthing Rods Market, 2017-2030 (US$ Bn)
FIG. 32 India Earthing Rods Market, 2017-2030 (US$ Bn)
FIG. 33 South Korea Earthing Rods Market, 2017-2030 (US$ Bn)
FIG. 34 South-East Asia Earthing Rods Market, 2017-2030 (US$ Bn)
FIG. 35 Rest of Asia Pacific Earthing Rods Market, 2017-2030 (US$ Bn)
FIG. 36 Latin America Earthing Rods Market, 2017-2030 (US$ Bn)
FIG. 37 Brazil Earthing Rods Market, 2017-2030 (US$ Bn)
FIG. 38 Mexico Earthing Rods Market, 2017-2030 (US$ Bn)
FIG. 39 Rest of Latin America Earthing Rods Market, 2017-2030 (US$ Bn)
FIG. 40 Middle East & Africa Earthing Rods Market, 2017-2030 (US$ Bn)
FIG. 41 GCC Countries Earthing Rods Market, 2017-2030 (US$ Bn)
FIG. 42 South Africa Earthing Rods Market, 2017-2030 (US$ Bn)
FIG. 43 Rest of Middle East and Africa Earthing Rods Market, 2017-2030 (US$ Bn)

List of Tables
TABLE 1 Market Snapshot: Global Earthing Rods Market
TABLE 2 Global Earthing Rods Market: Market Drivers Impact Analysis
TABLE 3 Global Earthing Rods Market: Market Restraints Impact Analysis
TABLE 4 Global Earthing Rods Market, by Competitive Benchmarking, 2022
TABLE 5 Global Earthing Rods Market, by Geographical Presence Analysis, 2022
TABLE 6 Global Earthing Rods Market, by Key Strategies Analysis, 2022
TABLE 7 Global Earthing Rods Market, by Copper Alloy, By Region, 2017-2022 (US$ Bn)
TABLE 8 Global Earthing Rods Market, by Copper Alloy, By Region, 2023-2030 (US$ Bn)
TABLE 9 Global Earthing Rods Market, by Steel Alloy, By Region, 2017-2022 (US$ Bn)
TABLE 10 Global Earthing Rods Market, by Steel Alloy, By Region, 2023-2030 (US$ Bn)
TABLE 11 Global Earthing Rods Market, by Aluminum, By Region, 2017-2022 (US$ Bn)
TABLE 12 Global Earthing Rods Market, by Aluminum, By Region, 2023-2030 (US$ Bn)
TABLE 13 Global Earthing Rods Market, by Extendable, By Region, 2017-2022 (US$ Bn)
TABLE 14 Global Earthing Rods Market, by Extendable, By Region, 2023-2030 (US$ Bn)
TABLE 15 Global Earthing Rods Market, by Non-Extendable, By Region, 2017-2022 (US$ Bn)
TABLE 16 Global Earthing Rods Market, by Non-Extendable, By Region, 2023-2030 (US$ Bn)
TABLE 17 Global Earthing Rods Market, by Material Type, 2017-2022 (US$ Bn)
TABLE 18 Global Earthing Rods Market, by Material Type, 2023-2030 (US$ Bn)
TABLE 19 Global Earthing Rods Market, by Rod Type, 2017-2022 (US$ Bn)
TABLE 20 Global Earthing Rods Market, by Rod Type, 2023-2030 (US$ Bn)
TABLE 21 Global Earthing Rods Market, by Region, 2017-2022 (US$ Bn)
TABLE 22 Global Earthing Rods Market, by Region, 2023-2030 (US$ Bn)
TABLE 23 North America Earthing Rods Market, by Material Type, 2017-2022 (US$ Bn)
TABLE 24 North America Earthing Rods Market, by Material Type, 2023-2030 (US$ Bn)
TABLE 25 North America Earthing Rods Market, by Rod Type, 2017-2022 (US$ Bn)
TABLE 26 North America Earthing Rods Market, by Rod Type, 2023-2030 (US$ Bn)
TABLE 27 North America Earthing Rods Market, by Country, 2017-2022 (US$ Bn)
TABLE 28 North America Earthing Rods Market, by Country, 2023-2030 (US$ Bn)
TABLE 29 United States Earthing Rods Market, by Material Type, 2017-2022 (US$ Bn)
TABLE 30 United States Earthing Rods Market, by Material Type, 2023-2030 (US$ Bn)
TABLE 31 United States Earthing Rods Market, by Rod Type, 2017-2022 (US$ Bn)
TABLE 32 United States Earthing Rods Market, by Rod Type, 2023-2030 (US$ Bn)
TABLE 33 Canada Earthing Rods Market, by Material Type, 2017-2022 (US$ Bn)
TABLE 34 Canada Earthing Rods Market, by Material Type, 2023-2030 (US$ Bn)
TABLE 35 Canada Earthing Rods Market, by Rod Type, 2017-2022 (US$ Bn)
TABLE 36 Canada Earthing Rods Market, by Rod Type, 2023-2030 (US$ Bn)
TABLE 37 Mexico Earthing Rods Market, by Material Type, 2017-2022 (US$ Bn)
TABLE 38 Mexico Earthing Rods Market, by Material Type, 2023-2030 (US$ Bn)
TABLE 39 Mexico Earthing Rods Market, by Rod Type, 2017-2022 (US$ Bn)
TABLE 40 Mexico Earthing Rods Market, by Rod Type, 2023-2030 (US$ Bn)
TABLE 41 Europe Earthing Rods Market, by Material Type, 2017-2022 (US$ Bn)
TABLE 42 Europe Earthing Rods Market, by Material Type, 2023-2030 (US$ Bn)
TABLE 43 Europe Earthing Rods Market, by Rod Type, 2017-2022 (US$ Bn)
TABLE 44 Europe Earthing Rods Market, by Rod Type, 2023-2030 (US$ Bn)
TABLE 45 Europe Earthing Rods Market, by Country, 2017-2022 (US$ Bn)
TABLE 46 Europe Earthing Rods Market, by Country, 2023-2030 (US$ Bn)
TABLE 47 Germany Earthing Rods Market, by Material Type, 2017-2022 (US$ Bn)
TABLE 48 Germany Earthing Rods Market, by Material Type, 2023-2030 (US$ Bn)
TABLE 49 Germany Earthing Rods Market, by Rod Type, 2017-2022 (US$ Bn)
TABLE 50 Germany Earthing Rods Market, by Rod Type, 2023-2030 (US$ Bn)
TABLE 51 France Earthing Rods Market, by Material Type, 2017-2022 (US$ Bn)
TABLE 52 France Earthing Rods Market, by Material Type, 2023-2030 (US$ Bn)
TABLE 53 France Earthing Rods Market, by Rod Type, 2017-2022 (US$ Bn)
TABLE 54 France Earthing Rods Market, by Rod Type, 2023-2030 (US$ Bn)
TABLE 55 United Kingdom Earthing Rods Market, by Material Type, 2017-2022 (US$ Bn)
TABLE 56 United Kingdom Earthing Rods Market, by Material Type, 2023-2030 (US$ Bn)
TABLE 57 United Kingdom Earthing Rods Market, by Rod Type, 2017-2022 (US$ Bn)
TABLE 58 United Kingdom Earthing Rods Market, by Rod Type, 2023-2030 (US$ Bn)
TABLE 59 Italy Earthing Rods Market, by Material Type, 2017-2022 (US$ Bn)
TABLE 60 Italy Earthing Rods Market, by Material Type, 2023-2030 (US$ Bn)
TABLE 61 Italy Earthing Rods Market, by Rod Type, 2017-2022 (US$ Bn)
TABLE 62 Italy Earthing Rods Market, by Rod Type, 2023-2030 (US$ Bn)
TABLE 63 Spain Earthing Rods Market, by Material Type, 2017-2022 (US$ Bn)
TABLE 64 Spain Earthing Rods Market, by Material Type, 2023-2030 (US$ Bn)
TABLE 65 Spain Earthing Rods Market, by Rod Type, 2017-2022 (US$ Bn)
TABLE 66 Spain Earthing Rods Market, by Rod Type, 2023-2030 (US$ Bn)
TABLE 67 Rest of Europe Earthing Rods Market, by Material Type, 2017-2022 (US$ Bn)
TABLE 68 Rest of Europe Earthing Rods Market, by Material Type, 2023-2030 (US$ Bn)
TABLE 69 Rest of Europe Earthing Rods Market, by Rod Type, 2017-2022 (US$ Bn)
TABLE 70 Rest of Europe Earthing Rods Market, by Rod Type, 2023-2030 (US$ Bn)
TABLE 71 Asia Pacific Earthing Rods Market, by Material Type, 2017-2022 (US$ Bn)
TABLE 72 Asia Pacific Earthing Rods Market, by Material Type, 2023-2030 (US$ Bn)
TABLE 73 Asia Pacific Earthing Rods Market, by Rod Type, 2017-2022 (US$ Bn)
TABLE 74 Asia Pacific Earthing Rods Market, by Rod Type, 2023-2030 (US$ Bn)
TABLE 75 China Earthing Rods Market, by Material Type, 2017-2022 (US$ Bn)
TABLE 76 China Earthing Rods Market, by Material Type, 2023-2030 (US$ Bn)
TABLE 77 China Earthing Rods Market, by Rod Type, 2017-2022 (US$ Bn)
TABLE 78 China Earthing Rods Market, by Rod Type, 2023-2030 (US$ Bn)
TABLE 79 Japan Earthing Rods Market, by Material Type, 2017-2022 (US$ Bn)
TABLE 80 Japan Earthing Rods Market, by Material Type, 2023-2030 (US$ Bn)
TABLE 81 Japan Earthing Rods Market, by Rod Type, 2017-2022 (US$ Bn)
TABLE 82 Japan Earthing Rods Market, by Rod Type, 2023-2030 (US$ Bn)
TABLE 83 India Earthing Rods Market, by Material Type, 2017-2022 (US$ Bn)
TABLE 84 India Earthing Rods Market, by Material Type, 2023-2030 (US$ Bn)
TABLE 85 India Earthing Rods Market, by Rod Type, 2017-2022 (US$ Bn)
TABLE 86 India Earthing Rods Market, by Rod Type, 2023-2030 (US$ Bn)
TABLE 87 South Korea Earthing Rods Market, by Material Type, 2017-2022 (US$ Bn)
TABLE 88 South Korea Earthing Rods Market, by Material Type, 2023-2030 (US$ Bn)
TABLE 89 South Korea Earthing Rods Market, by Rod Type, 2017-2022 (US$ Bn)
TABLE 90 South Korea Earthing Rods Market, by Rod Type, 2023-2030 (US$ Bn)
TABLE 91 South-East Asia Earthing Rods Market, by Material Type, 2017-2022 (US$ Bn)
TABLE 92 South-East Asia Earthing Rods Market, by Material Type, 2023-2030 (US$ Bn)
TABLE 93 South-East Asia Earthing Rods Market, by Rod Type, 2017-2022 (US$ Bn)
TABLE 94 South-East Asia Earthing Rods Market, by Rod Type, 2023-2030 (US$ Bn)
TABLE 95 Rest of Asia Pacific Earthing Rods Market, by Material Type, 2017-2022 (US$ Bn)
TABLE 96 Rest of Asia Pacific Earthing Rods Market, by Material Type, 2023-2030 (US$ Bn)
TABLE 97 Rest of Asia Pacific Earthing Rods Market, by Rod Type, 2017-2022 (US$ Bn)
TABLE 98 Rest of Asia Pacific Earthing Rods Market, by Rod Type, 2023-2030 (US$ Bn)
TABLE 99 Latin America Earthing Rods Market, by Material Type, 2017-2022 (US$ Bn)
TABLE 100 Latin America Earthing Rods Market, by Material Type, 2023-2030 (US$ Bn)
TABLE 101 Latin America Earthing Rods Market, by Rod Type, 2017-2022 (US$ Bn)
TABLE 102 Latin America Earthing Rods Market, by Rod Type, 2023-2030 (US$ Bn)
TABLE 103 Brazil Earthing Rods Market, by Material Type, 2017-2022 (US$ Bn)
TABLE 104 Brazil Earthing Rods Market, by Material Type, 2023-2030 (US$ Bn)
TABLE 105 Brazil Earthing Rods Market, by Rod Type, 2017-2022 (US$ Bn)
TABLE 106 Brazil Earthing Rods Market, by Rod Type, 2023-2030 (US$ Bn)
TABLE 107 Argentina Earthing Rods Market, by Material Type, 2017-2022 (US$ Bn)
TABLE 108 Argentina Earthing Rods Market, by Material Type, 2023-2030 (US$ Bn)
TABLE 109 Argentina Earthing Rods Market, by Rod Type, 2017-2022 (US$ Bn)
TABLE 110 Argentina Earthing Rods Market, by Rod Type, 2023-2030 (US$ Bn)
TABLE 111 Rest of Latin America Earthing Rods Market, by Material Type, 2017-2022 (US$ Bn)
TABLE 112 Rest of Latin America Earthing Rods Market, by Material Type, 2023-2030 (US$ Bn)
TABLE 113 Rest of Latin America Earthing Rods Market, by Rod Type, 2017-2022 (US$ Bn)
TABLE 114 Rest of Latin America Earthing Rods Market, by Rod Type, 2023-2030 (US$ Bn)
TABLE 115 Middle East and Africa Earthing Rods Market, by Material Type, 2017-2022 (US$ Bn)
TABLE 116 Middle East and Africa Earthing Rods Market, by Material Type, 2023-2030 (US$ Bn)
TABLE 117 Middle East and Africa Earthing Rods Market, by Rod Type, 2017-2022 (US$ Bn)
TABLE 118 Middle East and Africa Earthing Rods Market, by Rod Type, 2023-2030 (US$ Bn)
TABLE 119 GCC Countries Earthing Rods Market, by Material Type, 2017-2022 (US$ Bn)
TABLE 120 GCC Countries Earthing Rods Market, by Material Type, 2023-2030 (US$ Bn)
TABLE 121 GCC Countries Earthing Rods Market, by Rod Type, 2017-2022 (US$ Bn)
TABLE 122 GCC Countries Earthing Rods Market, by Rod Type, 2023-2030 (US$ Bn)
TABLE 123 South Africa Earthing Rods Market, by Material Type, 2017-2022 (US$ Bn)
TABLE 124 South Africa Earthing Rods Market, by Material Type, 2023-2030 (US$ Bn)
TABLE 125 South Africa Earthing Rods Market, by Rod Type, 2017-2022 (US$ Bn)
TABLE 126 South Africa Earthing Rods Market, by Rod Type, 2023-2030 (US$ Bn)
TABLE 127 Rest of Middle East and Africa Earthing Rods Market, by Material Type, 2017-2022 (US$ Bn)
TABLE 128 Rest of Middle East and Africa Earthing Rods Market, by Material Type, 2023-2030 (US$ Bn)
TABLE 129 Rest of Middle East and Africa Earthing Rods Market, by Rod Type, 2017-2022 (US$ Bn)
TABLE 130 Rest of Middle East and Africa Earthing Rods Market, by Rod Type, 2023-2030 (US$ Bn)

Frequently Asked Questions

How big is the global Earthing Rods market right now?

In 2022, the global Earthing Rods market was estimated to be worth USD 1.7 billion.

What is the predicted growth rate of the Earthing Rods market between 2023 and 2030?

The Earthing Rods market is anticipated to develop at a CAGR of 4.80% between 2023 and 2030, reaching USD 2.36 billion in 2030.

Which segment is leading the market in terms of material type?

Copper Alloy is the leading segment by material type.

During the forecast period, which segment is expected to have the highest CAGR?

During the forecast period, the Extendable rod type segment is expected to have the most significant CAGR.

Which segments are covered in the global Earthing Rods Market report?

The global Earthing Rods market research report is divided into the following categories: By Material Type, By Rod Type

Which region is driving the Earthing Rods industry forward?

Asia Pacific is driving the growth of the Earthing Rods industry.

Who are the top participants in the Earthing Rods industry globally?

The top players include ISG GLOBAL (India), Axis Electrical Components (India), and Meera Impex (India). Other major players include Pioneer Power International (India), Renwon Earth (India), and Metalmech Engineering (India).

What are the primary market factors driving the Earthing Rods industry?

The expanding construction industry and increased investments in power infrastructure are the primary drivers of market growth.

What are the major market restrictions in the Earthing Rods industry?

High initial costs and raw material price volatility are the issues limiting the market growth.

High initial costs and raw material price volatility are the issues limiting the market growth.

Smart grid integration and the rapid expansion of the electric vehicle (EV) industry are the market’s significant opportunities.

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