Market Overview:
Substation grounding systems comprise of grid generally referred to as earthing mat, which is manufactured by burying conductors into the ground in a horizontal manner. These systems have two main parts, the connection to the earth and the grounding network. The connection to the earth provides an interface between electrical systems and the earth, while the grounding network bonds all metallic structures and equipment frames in the substation to the ground for earthing purposes.
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Demand for substation grounding systems is rapidly increasing across the energy power industry for connecting electrical equipment, transmission wires, and others to bypass high voltages and complete earthing circuit-generated electrical infrastructures to the ground. In addition to this, increasing concerns regarding electrical safety, the implantation of stringent regulations on the safety of staff in substations, and an increasing number of accidents associated with electrical transmissions are encouraging substations to install ground systems.
Key Players:
- Hubbell
- Siemens
- ABB
- Genius Protection System
- Southwire
- Littelfuse
- Onrion
- Power Technology
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Market Segmentation Analysis:
This study report examines the Substation Grounding System segments by type, application, end-user, region, and country. It also gives the market size (value, volume, and share) and CAGR for the historical period and forecasted period (2017-2022, 2023-2028), using 2021 as the base year. The favorable investment proposition matrices for this market are explained, along with prospective revenue potential across several segments.
Segmentation by Types:
- Conductor
- Connector
- Wires
- Others
Segmentation by Applications:
- Power Industry
- Renewable Energy Industry
- Others
Growing concerns pertaining to environmental sustainability and rising fuel prices have resulted in increasing the adoption of electrical-powered products such as automotive vehicles, industrial automated machinery, and others. This, in addition to increasing inclination towards the production of green energy using renewable sources such as solar, governments in numerous countries are undertaking several initiatives to increase renewable energy production.
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Regional Data Analysis:
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
- South America (Brazil, Argentina, Columbia, Rest of South America)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Browse Complete TOC: https://www.extrapolate.com/toc/machinery-equipment/substation-grounding-system-market-report/64819
Key Points from TOC:
1 Study Coverage
2 Global Substation Grounding System Production
3 Global Substation Grounding System Sales in Volume & Value Estimates and Forecasts
4 Competition by Manufactures
5 Market Size by Type
6 Market Size by Application
7 North America
…TOC Continued
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