Surge Arrester Market, By Type (Polymeric and Porcelain), By Voltage (1Kv-51Kv, 51Kv-800Kv and Above

Published Date: June 2020 | Report Code : EP2062261

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Surge Arrester Market, By Type (Polymeric and Porcelain), By Voltage (1Kv-51Kv, 51Kv-800Kv and Above 800Kv), By Class (Distribution Class, Intermediate Class, and Station Class), By End Use (Utilities, Industries, and Transportation), And By Region (North America, Western Europe, Eastern Europe, Asia-Pacific, Middle East, and Rest of the World) – Market Size & Forecasting to 2028

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Domain : Energy

Report Code : EP2062261

Status : Published June 2020

Surge arrester is mainly a protective device that limits voltage on the equipment by bypassing or discharging the surges in the current levels. It does not stop or absorb lightining, it only diverts the lightning and limit the current and voltage levels of the equipment to protect it from get damage by the high level of voltage and current in case of lightining. The surge arrester has many applications and protects the utility substation to the consumer’s home.

The growing investments in smart grid projects and rising need to eliminate the equipment failures due to sudden surge in the voltage levels are some of the factors contributing to the growth of the surge arrest market across globe. China has been witnessing strong investments in the surge arrester market owing to growing industrialization & urbanization. China's growth in the energy-intensive steel industry has been notable in recent years. The contribution of such countries is expected to foster the growth of the market during the forecast period.

FIGURE 7 SURGE ARRESTER MARKET DROC 2020 & 2028FIGURE 1: SURGE ARRESTER MARKET DROC 2020 & 2028

The global surge arrester market size is estimated to be USD 1,608.3 million in 2020 and is projected to register a CAGR of 5.4% to reach USD 2,451.7 million by 2028. Growing government initiatives to resolve the issues in power supply and growing investments by major players in the market including CG Power and Industrial Solutions Limited, ABB Limited, Siemens AG, Eaton Corporation, and General Electric among others is driving the high adoption of surge arrester globally. The market has been segmented into North America, Western Europe, Eastern Europe, Asia-Pacific, Middle East and rest of the world. Among these, the North America is expected to contribute a higher market share in 2019 due to the developed utility infrastructure and investment by government in the countries such as US is fueling the growth of the surge arrester market in the region. The Asia- Pacific is expected to be the fastest growing region during the forecast period owing to the development and high investment in the electricity infrastructure in countries such as India and China. However, India is one of the largest power generating nation in the region due to which the adoption of surge arrester and similar electrical components are more in this country which is expected to foster the market growth during the forecast period in the region.

FIGURE 1 SURGE ARRESTER MARKET BY TYPE 2020 & 2028FIGURE 2: SURGE ARRESTER MARKET: BY TYPE 2020 & 2028

Based on type, the global surge arrester market has been segmented into porcelain and polymeric. The porcelain surge arresters segment dominated the market in 2019. It offers secure protection against over voltages, the porcelain has ability to perform stable operations, low cost of raw material has expected to propel the growth of market. Porcelain have good mechanical strength, porcelain-housed arrester provides the strength and also serves as protection against the environment. Various giant industries such as power, utilities, transportation and heavy engineering are enhancing their penetration in high voltages coupled with the technical advancement

FIGURE 2 SURGE ARRESTER MARKET BY VOLTAGE 2020 & 2028FIGURE 3: SURGE ARRESTER MARKET: BY VOLTAGE 2020 & 2028

Based on voltage, the surge arrester market has been segmented into 1Kv-51Kv, 51Kv-800Kv and Above 800Kv. The above 800KV segment is expected to account for the largest share in the global surge arrester market in 2020. The above 800 kV is extra-high voltage segment and it is expected to hold the largest market share among others during the forecast period. The primary factors driving the growth of the segment during the forecast period are an increase in demand for electricity in residential areas and expansion of electrical distribution networks to minimize power outages. These extra-high voltage surge arresters are primarily used as line surge arresters for power distribution application. These surge arresters can be used as transmission line arrester and distribution line arrester to protect distribution power line from the lightning. Lightning is the primary cause of voltage surges in the power line of distribution. Every second, there are about 100 lightning strikes on the surface of the earth. Lightning is an occurrence which is spontaneous and unpredictable which fuel the demand of these extra high voltage surge arresters, thereby driving the growth of the market. Relevant areas in which these extra high voltage surge arresters are installed include areas with high lightning frequency, poor soil or tower grounding resistance, unsafe overhead lines (without ground wire) and reduced overvoltage switching in high voltage networks.

FIGURE 4: SURGE ARRESTER MARKET BY CLASS 2020 & 2028

Based on class, the surge arrester market has been divided into distribution class, intermediate class, and station class. The distribution class is again bifurcated into Line arrester and equipment arrester. Line arrester consists of Transmission line arrester and Distribution line arrester. Distribution segment is projected to dominate the market owing to the rising need to modify aging distribution networks. Distribution class arrestors are mostly used in both dry-type and liquid-filled transformers. It offers greater reliability and superior protection against overvoltage, thus stimulating demand for these types of surge arresters.

FIGURE 4 SURGE ARRESTER MARKET BY END USER 2020 & 2028FIGURE 5: SURGE ARRESTER MARKET: BY END USER 2020 & 2028

Based on end user, the global surge arrester market has been segmented into utilities, industries and transportation. Among these, the utilities segment is expected to account for the largest share in the global surge arrester market in 2020. A surge arrester is a gadget to shield electrical hardware from over-voltage brought about by outer (lightning) or inner (switching) events. To protect a unit of hardware from drifters happening on a joined conductor, a flood arrester is associated with the conductor not long before it enters the equipment. Surge arresters have many applications, anywhere from protecting residential appliances to a utility substation. They are installed on circuit breakers inside a house, inside pad-mounted transformers, on pole-mounted transformers, on pole-mounted riser poles and substations.

FIGURE 5 SURGE ARRESTER MARKET BY REGION 2017-2028FIGURE 6: SURGE ARRESTER MARKET BY REGION 2017-2028

On the basis of the region, the surge arrester market has been segmented into North America, Eastern Europe, Western Europe, Asia Pacific, Middle East, and Rest of the World. North America is the largest market for surge arrester in the global market in 2019. This regional segment is projected to account for a significant market share during the forecast period on account of the presence of major market players in the region. North America is the major markets and early adopter of surge arrestor technology across the world. Major surge arrester manufacturers have existence in this region which is likely to boost the growth of the North American market significantly in the years to come. This region is dominated by the U.S. that accounts for a significant share in the overall market. Increasing investments by utilities toward capital additions along with growing security compliance standards. Asia Pacific is also projected to be the fastest growing surge arrester market during the forecast period. Factors such as the growing adoption of smart grid and rising electrical installations in the countries such as India and China are anticipated to boost the regional product demand.

FIGURE 6 SURGE ARRESTER MARKET BY MARKET SEGMENTATION 2020 & 2028FIGURE 7: SURGE ARRESTER MARKET SEGMENTATION 2020 & 2028

Key Developments in Surge Arresters Market:

  • In 2019 - ABB, Swiss company operating in the field of operating mainly in robotics, power, heavy electrical equipment, and automation technology launched the digital high-voltage technologies for power generation, transmission, power quality and storage. Moreover, the company introduced the Ability, wireless monitor for surge arresters multi-functional device that installable on medium- and high-voltage surge arresters to detect the ambient temperature and humidity, as well as surges and leakage currents.
  • In 2019 – Cinch Connectivity Solutions launched the commercial-grade surge arrester to protect RF and microwave systems like 5G networks. This surge arrester is use full in public safety systems, active antenna systems, 5G networks, GPS systems, cellular base stations, and Wi-Fi networks.
  • In 2019 – TE Connectivity Swiss based provider of connectivity and sensor products for harsh environments launched the new surge arrestor at IREE 2019 with the aim to save space on the train roof.

Major Companies: ABB Ltd, Siemens AG, Eaton Corporation Inc, Hubbell Incorporated, Schneider Electric, CG POWER AND INDUSTRIAL SOLUTIONS LIMITED, General Electric, Mitsubishi Electric Corporation, TE Connectivity, CHINT Group, LAMCO INDUSTRIES PVT LTD, ZHEJIANG HAIVO ELECTRICAL CO. LTD, MACLEAN POWER SYSTEMS, Raychem RPG (P) Ltd, TDK Electronics, Tridelta Meidensha GmbH, Toshiba Corporation

What Does This Report Provide?

This report provides a detailed understanding of the global surge arresters market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.

Market Segmentation:

By Type

  • Polymeric
  • Porcelain

 By Voltage

  • 1KV – 51KV
  • 51KV-800KV
  • ABOVE 800KV

By Class

  • Distribution Class
  • Intermediate Class
  • Station Class

 By End Use

  • Utilities
  • Industries
  • Transportation

By Region:

  • North America Surge Arresters Market
    • By Country (US, Canada, Mexico)
    • By Type
    • By Voltage
    • By Class
    • By End Use
  • Western Europe Arresters Market
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By Voltage
    • By Class
    • By End Use
  • Eastern Europe Surge Arresters Market
    • By Country (Russia, Poland, Rest of Eastern Europe)
    • By Type
    • By Voltage
    • By Class
    • By End Use
  • Asia Pacific Surge Arresters Market
    • By Country (China, Japan, India, South Korea, Australia, Taiwan, Malaysia Rest of Asia Pacific)
    • By Type
    • By Voltage
    • By Class
    • By End Use
  • Middle East Surge Arresters Market
    • By Country (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa)
    • By Type
    • By Voltage
    • By Class
    • By End Use
  • Rest of the World Surge Arresters Market
    • By Country (South America, Africa)
    • By Type
    • By Voltage
    • By Class
    • By End Use

Reasons to Buy This Report:

  • Market size estimation of the surge arresters market on a regional and global basis
  • Unique research Usage for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

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