GROUNDING SHEET MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
The grounding sheet market is estimated to be valued at USD 824.1 Mn in 2024. The market is expected to reach USD 6,735.3 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 35% from 2024 to 2031. Grounding sheets are copper or galvanized steel meshes installed underground or covered with backfill to protect structures from lightning strikes and fault currents. They work as grounding electrode to divert any electric current from the buildings or infrastructure to the ground, preventing damages. The global construction industry has been growing rapidly which has increased the demand for grounding sheets significantly for protecting various types of structures from electrical faults. Various safety standards and regulations across countries have made grounding sheet installation mandatory for buildings, communication towers, power grids, and other critical infrastructures prone to lightning strikes. This has driven the global grounding sheet market in recent years.
Market Dynamics
One of the key drivers for the grounding sheet market has been the rapid growth in infrastructure development activities across both developed and developing economies. With increasing urbanization, many cities are building residential and commercial high-rises which demand robust grounding solutions to ensure personnel safety. On the other hand, factors such as availability of substitute products like concrete-encased grounding electrodes and preference for alternative earthing methods in some regions can restrain the market growth. However, Innovation in materials to enhance conductivity while reducing costs is another growth aspect for major players.
Key Features of the Study
- This report provides in-depth analysis of the global grounding sheet market, and provides market size (USD Mn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global grounding sheet market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Aiwei Functional Textile Co., Ltd, Byretech Ltd, Urban Hippee Pty Ltd, Gaia, Shandong EMF New Material Technology Co., Ltd , Suzhou Tek Silver Fiber Technology Co.,Ltd, and Beijing Haoai Electronic Technology Co., Ltd.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global grounding sheet market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global grounding sheet market
Market Segmentation
Market Segmentation
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