Surge Arrester Market, By Type (Polymeric and Porcelain), Voltage (Medium Voltage, High Voltage, and

Published Date: June 2020 | Report Code : EP2062261

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Surge Arrester Market, By Type (Polymeric and Porcelain), Voltage (Medium Voltage, High Voltage, and Extra-High Voltage), Class (Distribution Class, Intermediate Class, and Station Class), End Use (Utilities, Industries, and Transportation), And By Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) – Market Size & Forecasting to 2028

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Domain : Energy

Report Code : EP2062261

Status : Published June 2020

The Global Surge Arresters Market size was valued at USD 28.63 billion in 2019 and is projected to grow at a CAGR of 5.13% during the forecast period. Surge arrester are widely used in adjusting and normalizing power consumption, as it provides efficient protection to electronic appliances against the damages from sudden voltage surges, and ensures the safety. However, the volatile raw material cost is expected to hamper the market growth during the forecast period.

Key Factors Impacting the Growth of Surge Arresters Market:

  • Raising government efforts toward electrification to boost electricity access in rural areas
  • Increasing demand to tackle voltage spikes & surges
  • Increasing investment in electric infrastructure spending

The surge arresters market segmentation is based on type, voltage, class, end use, and region.

Voltage Outlook:

Based on voltage the global surge arresters market is divided into medium voltage, high voltage, and extra-high voltage. Factors such as very high demand for electricity in residential areas and growth of electrical distribution networks to reduce power outages are expected to drive the demand for extremely high voltage surge arresters during the forecast period.

Class Outlook:

Based on class, the global surge arresters market is divided into distribution class, intermediate class, and station class. The distribution class segment with rapid investment in smart grid infrastructure and an increase in industrialization in developing countries is expected to dominate the market through the forecast period.

Type Outlook:

On the basis of type, the global surge arresters market is bifurcated into polymeric and porcelain. The polymeric segment is expected to be the largest market holder during the forecast period due to its efficient applications across distinct voltage ranges. Moreover, the porcelain segment is expected to account for the highest growth rate in the market owing to increase investment in the product advancements.

End Use Outlook:

Based on end use, the surge arresters market has been segmented utilities, industries, and transportation. High prevalent problems of voltage spikes & surges and high demand for mitigating power quality issues across the industrialized economies is expected to result in industries segment registering highest growth rate during the forecast period

Regional Outlook:

Based on the region, the global surge arresters market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. Europe region held the largest market share in 2019, with high investments in renovation of infrastructure and the increasing need to reduce equipment failure caused by frequent voltage spikes.

High demand for surge arrester from industrial, residential and commercial sectors, economic growth, and increased access to electricity, in Asia Pacific region is expected to drive the region to register height growth rate in surge arresters market during the forecast period.

The report analyzes factors affecting the surge arresters market from both demand and supply side and further analyses market dynamics affecting the market during the forecast year such as driver, restrain, opportunities and future trends. The report also provides comprehensive Porter’s model analysis on the surge arresters market for all six regions namely; North America, Western Europe, Eastern Europe, Asia Pacific, Middle East and the Rest of the world.

Competitive Landscape

Major companies focusing on new product launches, contracts & agreements, and expansions to increase their respective market share in the global surge arresters market during the forecast period. Major companies in the market include Elpro International Ltd., Legrand, ABB Limited, General Electric, CG Power and Industrial Solutions Limited, Eaton Corporation, LAMCO INDUSTRIES PVT LTD, TDK Electronics, MacLean Power Systems, TE Connectivity, Siemens AG, Hubbell Power Systems, Izoelektro D.O.O., INAEL Electrical Systems, Hakel, DEHN, Ensto, , Raychem RPG (P) Ltd, and Zhejiang Haivo Electrical Co. Ltd among others.

This report also includes the profiles of key surge arresters market companies along with their SWOT analysis and market strategies. In addition, these competitive landscapes provide a detailed description of each company including future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launch, new product developments, and other latest industrial developments.

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.

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

  • Medium Voltage
  • High Voltage
  • Extra-High Voltage

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
  • Europe Surge Arresters Market
    • By Country (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)
    • By Type
    • By Voltage
    • By Class
    • By End Use
  • Asia Pacific Surge Arresters Market
    • By Country (China, Japan, India, South Korea, Australia, 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
  • South America Surge Arresters Market
    • By Country (Brazil, Argentina, Colombia, Rest of South America)
    • 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:

  • By Segment
  • By Sub-segment
  • By Region/Country

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