Surge Arresters Market is expected to grow at a robust CAGR
Global
Surge Arresters Market is expected to grow owing to investments in energy
systems and smart grids, equipment protection throughout the forecast period.
According
to TechSci Research report, “Surge
Arresters Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast 2018-2028”, the Global Surge Arresters Market is
expected to register robust growth during the forecast period. One of the key
drivers in the market is the rising necessity to safeguard electronic devices
in households and various industries from transient overvoltage events. Surge
arresters offer a cost-effective solution for protecting sensitive equipment
from such occurrences. Furthermore, the growing demand for reliable power
supply has led power utilities and other power generation and distribution companies
to increasingly incorporate surge arresters to shield their equipment from
switching surges and other overvoltage events. Moreover, the escalating
frequency of lightning strikes due to climate change has further amplified the
demand for surge arresters, as they effectively mitigate the damage caused by
these events.
The ongoing
modernization of electrical grids, particularly the transition to smart grids,
presents significant opportunities for surge arrester manufacturers. Smart
grids necessitate advanced surge protection solutions to ensure grid
reliability, minimize downtime, and enhance monitoring and control
capabilities.
The industrial
sector is embracing Industry 4.0 practices and industrial automation, which
demand enhanced surge protection for sensitive equipment and control systems.
Surge arresters play a vital role in this context, guaranteeing uninterrupted
operation and averting costly downtime.
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over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global Surge
Arresters Market."
Based
on type, the Polymeric segment is projected to dominate the market throughout
the forecast period. Polymeric surge arresters are generally more compact and
lightweight compared to their porcelain counterparts, resulting in easier
handling, transportation, and installation. This leads to reduced installation
time and costs. Industrial facilities, such as manufacturing plants and
chemical processing units, rely on polymeric surge arresters to protect
sensitive equipment from voltage surges. Their excellent pollution performance
is particularly advantageous in industrial environments. Telecommunications infrastructure,
including cell towers and data centers, depends on polymeric surge arresters to
safeguard delicate electronic equipment from transient voltage spikes.
Polymeric surge arresters offer superior pollution performance, making them
effective in environments with high levels of dust, salt, or industrial
pollutants. As part of the broader trend towards smart surge protection
solutions, polymeric surge arresters are increasingly being equipped with
sensors and IoT capabilities, enabling real-time monitoring of arrester health
and performance. Environmental sustainability is a growing concern, driving
manufacturers to explore the use of eco-friendly and recyclable materials in
the production of polymeric surge arresters to minimize their environmental impact.
In conclusion, the polymeric segment in the Global Surge Arresters Market
provides compact, durable, and pollution-resistant surge protection solutions
for various applications, including medium and high-voltage grids, renewable
energy installations, industrial facilities, and telecommunications
infrastructure. With ongoing advancements in polymer technology and the
integration of IoT capabilities, polymeric surge arresters are poised to remain
a significant and innovative segment within the surge protection market.
Based
on application, Utility segment is projected to dominate the market throughout
the forecast period. Surge arresters in the utility segment are strategically
integrated into electrical grids at key points, such as substations and
transformer stations, to safeguard critical grid infrastructure and equipment.
These utility-grade surge arresters are often custom-designed to meet the
specific requirements of utility companies and the characteristics of the
electrical grid they serve. Factors such as voltage levels, fault current
capacity, and environmental conditions are carefully considered in their
design. Surge arresters are essential when utilities expand their electrical
grids to meet growing demand or integrate renewable energy sources, shielding
the new infrastructure from transient voltage spikes. By preventing damage to
critical components, surge arresters contribute to the longevity of grid
infrastructure, enabling utilities to extend the lifespan of their assets and
reduce capital expenditure on replacements. Moreover, surge arresters enhance
the safety of utility workers and the general public by mitigating the risk of
electrical faults and accidents caused by voltage surges. In alignment with
environmental sustainability goals, some utilities are exploring surge
arresters made from green and recyclable materials to minimize their
environmental impact. The utility segment in the Global Surge Arresters Market
plays an integral role in ensuring the reliable operation of electrical grids.
Surge arresters in this segment are specifically designed to protect critical
grid infrastructure, minimize downtime, and enhance grid reliability. As
utilities continue to modernize their grids and implement smart grid
technologies, surge arresters will continue to play a crucial role in ensuring
the efficient and uninterrupted supply of electricity to consumers.
Key
market players in the Global Surge Arresters Market are:-
- ABB
Ltd.
- CG
Power and Industrial Solutions Ltd
- Eaton
Corporation PLC
- Emerson
Electric Co.
- Legrand
SA
- Siemens
AG
- Mitsubishi
Electric Corporation
- Raycap
Corporation SA
- Schneider
electric SE
- General
Electric Company
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“Asia
Pacific is expected to be the dominating region during the forecast period.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
“Surge
Arresters Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast Segmented By Type (Porcelain and Polymeric), By Class (Station Class,
Intermediate Class and Distribution Class), By Voltage Level (High, Medium and
Low), By Application (Utility and Industrial), By Region, By Competition
Forecast & Opportunities, 2018-2028F,” has evaluated the future growth
potential of Global Surge Arresters Market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Surge Arresters Market.
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