Frequently Asked Questions
In 2022, the global Earthing Rods market was estimated to be worth USD 1.7 billion.
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.
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.
The global Earthing Rods market research report is divided into the following categories: By Material Type, By Rod Type
Asia Pacific is driving the growth of the Earthing Rods industry.
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).
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 the market growth.
Smart grid integration and the rapid expansion of the electric vehicle (EV) industry are the market’s significant opportunities.