The substation grounding system ensures safety against electrical transmission accidents in substations. Countries in the Asia Pacific are witnessing massive investments in the infrastructure and power sector for substation grounding system by the government in these regions. Focus on rural electricity supply and residential and commercial developments also supports the growth of the substation grounding system in these regions.
MARKET DYNAMICS
The substation grounding system market is expected to witness growth in the forecast period on account of development in power sector and urbanization and industrialization in developing nations. Furthermore, the demand for electricity and increasing investment for infrastructure project is expected to boost the growth of the substation grounding system market. However, lengthy approval process and fragmentation of power devices in remote regions may hamper the market growth. Nonetheless, modern technologies and software assistance offer lucrative opportunities for the substation grounding system market and the key players involved during the forecast period.
MARKET SCOPE
The "Global Substation Grounding System Market Analysis to 2028" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of substation grounding system market with detailed market segmentation by solution, component, application, and geography. The global substation grounding system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading substation grounding system market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global substation grounding system market is segmented on the basis of solution, component, and application. Based on solution, the market is segmented as hardware, software, and consultation. On the basis of the component, the market is segmented as conductor, connector, wires, and others. The market on the basis of the application is classified as power transmission, distribution network, and renewable energy.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global substation grounding system market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The substation grounding system market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting substation grounding system market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the substation grounding system market in these regions.
MARKET PLAYERS
The reports cover key developments in the substation grounding system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from substation grounding system market are anticipated to lucrative growth opportunities in the future with the rising demand for substation grounding system in the global market. Below mentioned is the list of few companies engaged in the substation grounding system market.
The report also includes the profiles of key substation grounding system companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- ABB Group
- E&S Grounding Solutions
- Eaton Corporation
- Genius Protection System
- Hubbell
- Lightning Protection Systems Inc
- Littelfuse, Inc.
- Safe Engineering Services & technologies ltd.
- Siemens AG
- Southwire Company, LLC
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.