Middle East and Africa Lightning Arrester Market to Cross $ 130 Million by 2024
Technological advancements
and rapid industrialization to bolster Middle East & Africa lightning
arrester market through 2024
According to a report
published by TechSci Research on “Middle
East & Africa Lightning Arrester Market By Material, By Voltage Rating,
By Class, By Country, Competition, Forecast & Opportunities, 2024”, Middle East & Africa lightning
arrester market is projected to reach $138 million by 2024, on the back of huge capital
expenditure on electric network and infrastructure upgrading process across the
region. Moreover, investments in smart grids and energy systems, need to reduce
equipment failure caused by frequent voltage spikes, and aging power
infrastructure are expected to positively influence lightning arrester market
across the region during forecast period.
Browse 5 market data Tables and 29 Figures spread through 70
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Lightning Arrester Market "
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In terms of class, Middle East & Africa lightning arrester market has
been categorized into transmission line, substation and distribution line. Of
which, distribution category is anticipated to be the largest segment in the
market, owing to increasing number of distribution lines in the region. With
growing demand for power in MEA countries, high investments in power capacity are
needed to meet the demand, which, in turn, is driving the growth of distribution
category. Based on country, the region’s lightning arrestor market has been segmented
into Saudi Arabia, South Africa, UAE, Kuwait, Ethiopia and Egypt. Among these
countries, Saudi Arabia accounted for the dominating share in the region’s lightning
arrestor market in 2018, owing to increasing industrialization in the country.
Moreover, backed by surging power demand, the country is heavily investing in
its power generation capacity, further contributing to the growth of lightning arrester
market. Additionally, the country is witnessing huge investments in smart city
developments, which in turn would drive Saudi Arabia lightning arrester market
in coming years.
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“Middle East & Africa, a growing region for power generation, would need
additional capacity to meet its economic ambitions. Saudi Arabia, South Africa,
UAE and Kuwait are expected to remain the top attractive power sector
destinations in the MEA region in the coming years. The MEA power sector is
transforming as governments are working towards developing power sector in many
countries of MEA region. Factors such as population growth, expanding economy,
and climatic changes are increasing power demand in the MEA countries, which in
turn would boost the demand for lighting arresters during the forecast period.”
said, Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“Middle East & Africa
Lightning Arrester Market By Material, By Voltage Rating, By Class, By Country,
Competition, Forecast & Opportunities, 2024” has evaluated the future growth
potential of lightning arrester market and provides statistics and 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 Middle
East & Africa lightning arrester market.
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