DUBLIN--(BUSINESS WIRE)--The "Global
Grounding Bars Market Size, Market Share, Application Analysis, Regional
Outlook, Growth Trends, Key Players, Competitive Strategies and
Forecasts, 2018 To 2026" report has been added to ResearchAndMarkets.com's
The telecommunication grounding bars market was valued at US$ 880.5 Mn in 2016 and expected to reach US$ 1,231.5 Mn in 2025, growing at a compounded annual growth rate (CAGR) of 3.8% from 2017 to 2025.
Owing to the regulating framework and mandates the demand for grounding bars is expected to grow continuously throughout the forecast period.
A considerable investment in commercial sector coupled with economic development is prominent factors in developing countries of Asia Pacific. Rapidly developing infrastructure in developing countries and flourishing telecommunication sectors provided bright opportunities for grounding bar market to prosper.
Furthermore, ever-increasing commercial construction sector coupled with rising demand for high-speed Ethernet for various business purposes, there has been a growing demand for telecommunications grounding systems across the world. However, volatile prices of copper offer a major restraint to the grounding bars market. Manufacturers find it difficult to maintain their profit margins with continuously fluctuating raw material prices. The challenge is expected to retain its impact throughout the forecast period from 2018 to 2026.
Grounding bars market is quite fragment comprising of several local as well as established manufacturers. The market offers few roadblocks to new entrants as the manufacturing process for grounding bars does not require special skills or equipment. However, the new entrants are required to prepare themselves with robust business strategies before entering into the market in order to survive stiff competition. Similarly, established manufacturers also need to be on their toes with strategies such as acquisitions.
For instance, in 2015, Pentair acquired Erico, a strategy which is in line with Pentair's focus to expand its presence in the commercial and industrial sectors. Brand promotion is another major strategy adopted by the companies. Recently, Harger attended the International Converting Exhibition in Orlando, USA. The company exhibited its various products including grounding products in the exhibition. Similarly, Pentair Plc, the parent company of Erico, exhibited the products of its four brands including Erico, at the Hannover Messe in Hannover, Germany.
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Market Dynamics
Chapter 4 Global Grounding Bars Market, By Type
Chapter 5 North America Grounding Bars Market
Chapter 6 Europe Grounding Bars Market
Chapter 7 Asia Pacific Grounding Bars Market
Chapter 8 Rest of the World (RoW) Grounding Bars Market
Chapter 9 Company Profiles
- Erico International Corporation
- Storm Power Components
- Photon Communications & Electrical Supply, Co.
- Chatsworth Products, Inc.
- HDG Telecom Equipments Co., Ltd.
- Panduit Corp.
- Metal Gems
- Harger Lightning & Grounding
- Eaton Corporation Plc
- EMS Industrial & Service Company
For more information about this report visit https://www.researchandmarkets.com/research/jt76dz/global_grounding?w=4