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.
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Top Key Major Players:-
- ABB Group
- E and S Grounding Solutions
- Eaton Corporation
- Genius Protection System
- Hubbell
- Lightning Protection Systems Inc
- Littelfuse, Inc.
- Safe Engineering Services and technologies ltd.
- Siemens AG