Industry Outlook

Continuously growing telecommunication sector worldwide is encouraging the demand for grounding bars market and registered global market value of US$ 880.5 Mn in 2016. Further, the market is anticipated to grow with a CAGR of 3.8% from 2017 to 2025. Telecommunications grounding bars play a critical role in ensuring protection of expensive telecommunication equipment installed in various commercial buildings. Lack of effective bonding and grounding in commercial buildings can result in damage to the telecommunication equipment further leading to costly downtime. Thereby, various governments across the world have made it mandatory for commercial buildings to ensure appropriate grounding and bonding within the facility. One of the most common standards followed across the world is the ANSI/TIA-607-B which encompasses various spaces such as data centers and computer rooms within the commercial buildings. Thereby, grounding bars are deployed at numerous establishments such as networked buildings, office parks, banking and financial institutions, educational facilities, hospitals, data transaction centers, retail stores, restaurants, movie theaters, amusement parks and other commercial buildings.

"Telecommunications Grounding Bars to hold the majority of market share throughout the forecast period from 2017 to 2025"

In 2016, the global grounding bars market was dominated by the telecommunications grounding bars (TGBs) segment. The segment accounted for around majority of share of the global grounding bars market value in the same year. The trend is expected to continue and the segment is presumed to maintain its dominant position throughout the forecast period from 2017 to 2025. Higher requirements for TGBs as compared to the telecommunication main grounding bars (TMGBs) as per the grounding and bonding architecture has been the primary factor resulting in the higher share of this segment in the overall market. With continued expansion and renovation of telecommunication and commercial facilities across the world, the TGBs segment is expected to witness continued growth in the following years.

"Rapidly developing infrastructure in Asia Pacific to stimulate grounding bars market in the region"

Asia Pacific region attributed to the largest share in the overall grounding bars market across the globe in 2016. The region has large concentration of commercial buildings in numerous countries including China, India, Australia, Japan and South Korea, among others. Moreover, factors such as increasing investment in the commercial sector coupled with economic growth in the region are further expected to drive the demand for grounding bars in the Asia Pacific market. North America and Europe followed the Asia Pacific region in terms of market value in 2016. With continued development of data centers and other commercial buildings, the markets in the regions are expected to witness steady growth during the forecast period from 2017 to 2025. On account of limited existing commercial infrastructure in the MEA and Latin America regions, grounding bars market value in these regions is less in the current scenario. However, due to increasing commercial construction activities in these regions, MEA and Latin America grounding bars markets are set to grow at considerable CAGR throughout the forecast period from 2017 to 2025.

"Fragmented market offers several roadblocks for grounding bar manufacturers to grow"

Telecommunication grounding bars are simple to manufacture and does not require any special manufacturing processes or machinery. Owing to this factor telecommunication grounding bars market is highly fragmented with several small, medium and established companies contributing to the market. The market offers a highly competitive market with companies striving to claim their part of market share by adopting several business strategies. Majority of grounding bars manufacturers emphasize on enhancing their product availability by strategic alliance with distribution partners. The entry barriers for new entrants are low due to simplicity of product, however, these new entrants have to put additional hard work in order to survive cut-throat competition. Majority of manufacturers are focusing on developing countries of Asia Pacific, Middle East & Africa and Latin America. Growing infrastructure is providing tremendous opportunities for the grounding bars companies to grown and establish their business. Besides, strategies such as acquisitions, strategic alliances, and brand promotions are also extensively used by the companies to maintain their market position.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Grounding Bars market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Grounding Bars market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Grounding Bars market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Grounding Bars market?
• Which is the largest regional market for Grounding Bars market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Grounding Bars market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Grounding Bars market worldwide?