Surge Arresters Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Type (Porcelain and Polymeric), By Voltage Level (Station Class, Intermediate Class and Distribution Class), By Application (High, Medium and Low), By Application (Utility and Industrial), By Region, By Competition Forecast & Opportunities, 2018-2028F

  • Industry : Power
  • Pages : NA
  • Published Date : NA
Customization Enquiry

Buy Now

Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 1.26 billion

CAGR (2023-2028)

4.09%

Fastest Growing Segment

Distribution Class

Largest Market

Asia Pacific


Market Overview

Global Surge Arresters Market was valued at USD 1.26 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 4.09% through 2028. Surge arresters are essential protective devices widely utilized to prevent damage caused by voltage fluctuations. These arresters work by discharging or bypassing surge currents, providing protection against direct lightning strikes and induced surges. Additionally, surge arresters offer reliable protection, making them extensively used and driving the global surge arrester market. Surge arresters find applications in both direct and indirect connections.

Key Market Drivers

Increasing Demand for Reliable Power Supply

A key driver in the Global Surge Arresters Market is the growing demand for a reliable and uninterrupted power supply. In today's digital age, industries, businesses, and households heavily rely on electricity to function efficiently. Any disruption in power supply, whether caused by lightning strikes, switching operations, or grid faults, can result in significant downtime, damage to electrical equipment, data loss, and financial losses.

The proliferation of sensitive electronic devices in various sectors, including telecommunications, IT, manufacturing, and healthcare, necessitates robust protection against voltage surges. Surge arresters play a vital role in safeguarding these devices by diverting excess voltage to the ground, thereby preventing costly damage and downtime.

The increasing adoption of automation and Industry 4.0 practices in the manufacturing and industrial sectors places a premium on power quality and reliability. Surge arresters ensure that critical manufacturing processes and automation systems remain operational, reducing the risk of production stoppages and improving overall productivity.

Growth in Renewable Energy Generation

The increase in renewable energy generation, such as solar and wind power, serves as a significant driver in the Global Surge Arresters Market. Renewable energy installations, often situated in remote areas, are vulnerable to lightning strikes and voltage transients.

Solar photovoltaic (PV) systems are exposed to the elements and face the risk of lightning strikes and transient voltage spikes. Surge arresters are utilized to safeguard solar panels, inverters, and associated electrical components, ensuring the longevity and efficiency of these systems.

Wind turbines are frequently installed in open areas where lightning strikes are prevalent. Surge arresters protect wind turbine generators, electrical cabinets, and sensitive control systems from voltage surges, minimizing downtime and maintenance costs.

The integration of renewable energy sources into the electrical grid adds complexity to grid management. Surge arresters contribute to maintaining the stability and reliability of the grid by preventing surges from impacting grid infrastructure and other connected assets.

Aging Electrical Infrastructure

Numerous regions worldwide are currently grappling with the challenge of aging electrical infrastructure. The deterioration of power distribution systems, including overhead lines, substations, and transformers, significantly increases vulnerability to voltage surges. Consequently, the demand for surge arrester installation and replacement has witnessed substantial growth.

Governments and utilities are making investments in the modernization of their electrical infrastructure to enhance reliability and safety. Surge arresters constitute an integral part of this modernization effort, offering a cost-effective means to safeguard aging assets from voltage surges.

The process of rapid urbanization and the expansion of electrical grids into new areas necessitate the development of new infrastructure. In such contexts, surge arresters assume a critical role in protecting newly deployed equipment and averting outages in burgeoning urban centers. Furthermore, the escalating frequency and intensity of weather events associated with climate change, such as thunderstorms and hurricanes, heighten the risk of voltage surges. Surge arresters are indispensable in safeguarding electrical infrastructure in regions prone to extreme weather conditions.

In conclusion, the Global Surge Arresters Market is driven by the imperative need for a dependable power supply, the growth of renewable energy generation, and the modernization of aging electrical infrastructure. As industries increasingly rely on electricity and the energy landscape continues to evolve, surge arresters play an indispensable role in ensuring the protection, reliability, and resilience of electrical systems.

 

Download Free Sample Report

Key Market Challenges

Rapid Technological Advancements and Product Obsolescence

One of the significant challenges in the Global Surge Arresters Market is the rapid pace of technological advancements and the subsequent risk of product obsolescence. Surge arrester technologies are continuously evolving to meet the demands of modern electrical systems and provide more effective protection against voltage surges.

With each technological leap, the lifespan of surge arresters may be reduced as newer, more advanced models are introduced. This poses a challenge for manufacturers as they must consistently invest in research and development to remain competitive in the market.

Upgrading or replacing surge arresters can result in compatibility issues within existing electrical systems. Older arresters may not be interchangeable with newer models, necessitating adjustments to the system and potentially increasing costs.

The surge arrester market is saturated with a wide range of products from various manufacturers. This saturation can make it challenging for consumers to navigate the options and select the most suitable product for their specific needs, leading to potential confusion and decision-making challenges.

Cost and Budget Constraints

Cost and budget constraints pose significant challenges in the Global Surge Arresters Market. The installation of surge arresters can be capital-intensive, especially for large-scale electrical systems and infrastructure projects.

The cost of purchasing and installing surge arresters can be substantial, particularly for utilities, industrial facilities, and infrastructure projects. Budget constraints may limit organizations' ability to invest in comprehensive surge protection measures. In addition to the initial investment, surge arresters require periodic maintenance and testing to ensure ongoing effectiveness. These ongoing costs can strain budgets, particularly for organizations with limited resources.

While some organizations may prioritize cost savings, it is important to consider the potential trade-off. Choosing to save costs can leave electrical systems vulnerable to voltage surges, potentially resulting in equipment damage, downtime, and higher long-term costs.

Key Market Trends

Adoption of Smart and IoT-Enabled Surge Arresters

A prominent trend observed in the Global Surge Arresters Market is the growing adoption of smart and Internet of Things (IoT)-enabled surge arresters. These advanced surge protection devices are equipped with sensors, communication capabilities, and data analytics features, effectively transforming them into intelligent components within electrical systems.

Smart surge arresters continuously monitor real-time electrical parameters, such as voltage levels and surge events. The collected data is then transmitted to central control systems or cloud platforms, providing operators with immediate insights into the health of the electrical network.

By leveraging IoT technology, surge arresters with predictive maintenance capabilities can analyze historical data and performance trends to anticipate maintenance or replacement requirements. This predictive approach reduces downtime and extends the lifespan of surge protection systems.

Furthermore, operators can remotely control and configure smart surge arresters, enabling real-time adjustments to protection settings. This feature proves particularly valuable in rapidly changing electrical environments or during extreme weather conditions when surge risks are heightened.

Integrating smart surge arresters into smart grid deployments contributes to grid stability and reliability. These devices provide valuable data on power quality and surge events, empowering utilities to make informed decisions and respond to incidents more effectively.

Emphasis on Sustainable and Environmentally Friendly Surge Arresters

Sustainability and environmental concerns are driving a growing trend towards the adoption of more eco-friendly surge arresters in the Global Surge Arresters Market. Manufacturers are increasingly focusing on reducing the environmental impact of their products and ensuring compliance with green standards.

Surge arresters are being designed in accordance with the Restriction of Hazardous Substances (RoHS) directive to minimize the use of hazardous materials. This not only enhances safety for the environment and human health but also promotes regulatory compliance.

Manufacturers are actively exploring the utilization of recyclable and environmentally friendly materials in surge arrester construction. This approach significantly reduces the environmental footprint of the products and contributes to long-term sustainability goals.

Surge arresters are being optimized for improved energy efficiency. By reducing power consumption, these solutions effectively lower operating costs and align with sustainability objectives by curbing energy-related greenhouse gas emissions.

Some manufacturers are conducting comprehensive lifecycle assessments of their surge arresters to quantify their environmental impact throughout the entire product lifecycle, from production to disposal. This valuable information enables informed decisions regarding design and material choices.

The Global Surge Arresters Market is experiencing notable trends related to the adoption of smart and IoT-enabled surge arresters, customization for specific applications and industries, and a growing emphasis on sustainability and environmental friendliness. These trends reflect the evolving requirements of electrical systems across various sectors and the industry's unwavering commitment to providing reliable, efficient, and environmentally responsible surge protection solutions.

Segmental Insights

Type Insights

The Polymeric segment is expected to dominate the market during the forecast period. The polymeric segment in the Global Surge Arresters Market is a significant category that reflects a growing surge arrester technology trend. Surge arresters in this segment are primarily constructed using polymeric materials, such as silicone rubber or ethylene propylene diene monomer (EPDM). Polymeric surge arresters are primarily composed of silicone rubber or EPDM, both of which are renowned for their excellent electrical insulating properties, weather resistance, and durability. These materials offer effective protection against voltage surges.

Additionally, polymeric surge arresters are generally more compact and lightweight compared to their porcelain counterparts. This characteristic facilitates easier handling, transportation, and installation, resulting in reduced installation time and costs. Moreover, polymeric surge arresters are extensively employed in medium and high-voltage electrical grids and substations, safeguarding transformers, switchgear, and other vital equipment from voltage surges caused by lightning strikes or switching operations. Notably, polymeric surge arresters entail low maintenance requirements compared to porcelain surge arresters. They are less susceptible to surface contamination and do not necessitate regular cleaning, thereby reducing operational costs.

Furthermore, the polymeric materials utilized in these arresters exhibit high resistance to corrosion, making them suitable for outdoor and coastal applications where exposure to harsh environmental conditions is common. Manufacturers continue to invest in research and development to enhance the electrical and thermal properties of advanced polymer materials. These ongoing innovations aim to further augment the performance and longevity of polymeric surge arresters.

Application Insights

The utility segment is expected to dominate the market during the forecast period. The utility segment in the Global Surge Arresters Market constitutes a substantial portion of the market and plays a crucial role in ensuring the reliable and uninterrupted supply of electricity to consumers. Surge arresters utilized in the utility segment are specifically designed to handle high voltage levels, typically ranging from 6 kV (kilovolts) to 765 kV or even higher. These high voltage ratings are essential for safeguarding utility substations and transmission lines. Surge arresters deployed in utility substations provide protection to transformers, circuit breakers, and other substation equipment against voltage surges caused by lightning strikes or switching operations. They are indispensable for maintaining grid reliability.

Utility-grade surge arresters are strategically installed along transmission lines to mitigate voltage surges from propagating through the grid, thereby reducing the risk of cascading failures and blackouts. Surge arresters enhance the reliability of electrical grids by preventing equipment damage or disruptions in power supply caused by voltage surges. This is of utmost importance for utilities, as it enables them to sustain a stable and uninterrupted flow of electricity to consumers. By safeguarding substation equipment, transmission lines, and transformers, surge arresters help minimize downtime and operational disruptions, thereby ensuring a reliable power supply to industries and households.

In the utility segment, surge arresters are increasingly adopting advanced monitoring and analytics capabilities, making them smarter. Utilities are deploying sensor-equipped arresters to gather data on voltage surges, arrester health, and grid performance, enabling proactive maintenance and grid optimization. Surge arresters are also being integrated into smart grid deployments, allowing utilities to collect real-time data on grid conditions and respond more effectively to surge events.

 

Download Free Sample Report    

Regional Insights

Asia Pacific emerged as the dominant region in the Global Surge Arresters Market in 2022. The region is currently undergoing extensive infrastructure development, encompassing the construction of new power generation facilities, transmission lines, and substations. Surge arresters play a critical role in these projects by safeguarding vital electrical infrastructure.

The Asia-Pacific region is experiencing remarkable growth in renewable energy installations, particularly in the solar and wind power sectors. Surge arresters are of utmost importance in protecting solar panels, wind turbines, and associated electrical equipment from lightning strikes and transient voltage spikes.

The Asia-Pacific region faces a growing energy demand driven by population growth, industrialization, and economic development. This heightened energy consumption places a greater burden on electrical grids, underscoring the indispensable nature of surge arresters in maintaining grid stability.

The Asia-Pacific region is prone to a variety of climate-related events, such as typhoons, monsoons, and thunderstorms. Consequently, there is a rising demand for surge arresters capable of withstanding extreme weather conditions to safeguard electrical infrastructure from lightning strikes and associated surges.

Governments in the Asia-Pacific region are increasingly prioritizing electrical safety standards and regulations. Surge arresters must adhere to these standards to ensure the protection of critical infrastructure and the safety of consumers. The Asia-Pacific region is witnessing the integration of IoT technology into various sectors, further emphasizing the relevance of surge arresters with IoT capabilities for remote monitoring and predictive maintenance in this technologically advanced environment.  

Recent Developments

  • In November 2021, Hitachi ABB Power Grids opened a new surge arrester factory in Xiamen, Fujian Province, east China, to address safety demand for transmission and distribution systems.
  • In September 2021, Toshiba announced that its current polymer-based capacity would nearly triple by April 2022. Toshiba ESS manufactures a surge arrester that protects electricity transmission/distribution infrastructure and equipment from lightning-induced overvoltage and operates circuit breakers for Hamakawasaki Operations in Japan.
  • In March 2021, Eaton completed its acquisition of Tripp Lite, which would grow Eaton's power quality business in the Americas. Though leveraging power management technologies and services, the goal is to improve people's lives and the environment.

Key Market Players

  • 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   

By Type

By Class

By Voltage Level

By Application

By Region
  • Porcelain
  • Polymeric
  • Station Class
  • Intermediate Class
  • Distribution Class 
  • High
  • Medium
  • Low  
  • Utility
  • Industrial
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Surge Arresters Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Surge Arresters Market, By Type:

o   Porcelain

o   Polymeric  

  • Surge Arresters Market, By Class:

o   Station Class

o   Intermediate Class

o   Distribution Class  

  • Surge Arresters Market, By Voltage Level:

o   High

o   Medium

o   Low    

  • Surge Arresters Market, By Application:

o   Utility

o   Industrial

  • Surge Arresters Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Surge Arresters Market.

Available Customizations:

Global Surge Arresters market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Surge Arresters Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.    Market Definition

1.2.    Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.    Baseline Methodology

2.2.    Key Industry Partners

2.3.    Major Association and Secondary Sources

2.4.    Forecasting Methodology

2.5.    Data Triangulation & Validation

2.6.    Assumptions and Limitations

3.    Executive Summary

4.    Impact of COVID-19 on Global Surge Arresters Market

5.    Voice of Customer

6.    Global Surge Arresters Market Overview

7.    Global Surge Arresters Market Outlook

7.1.    Market Size & Forecast

7.1.1.  By Value

7.2.    Market Share & Forecast

7.2.1.  By Type (Porcelain and Polymeric)

7.2.2.  By Class (Station Class, Intermediate Class and Distribution Class)

7.2.3.  By Voltage Level (High, Medium and Low)

7.2.4.  By Application (Utility and Industrial)

7.2.5.  By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)

7.3.    By Company (2022)

7.4.    Market Map

8.    North America Surge Arresters Market Outlook

8.1.    Market Size & Forecast

8.1.1.  By Value

8.2.    Market Share & Forecast

8.2.1.  By Type

8.2.2.  By Class

8.2.3.  By Voltage Level

8.2.4.  By Application

8.2.5.  By Country

8.2.5.1.        United States Surge Arresters Market Outlook

8.2.5.1.1.        Market Size & Forecast

8.2.5.1.1.1.    By Value

8.2.5.1.2.        Market Share & Forecast

8.2.5.1.2.1.    By Type

8.2.5.1.2.2.    By Class

8.2.5.1.2.3.    By Voltage Level

8.2.5.1.2.4.    By Application

8.2.5.2.        Canada Surge Arresters Market Outlook

8.2.5.2.1.        Market Size & Forecast

8.2.5.2.1.1.    By Value

8.2.5.2.2.        Market Share & Forecast

8.2.5.2.2.1.    By Type

8.2.5.2.2.2.    By Class

8.2.5.2.2.3.    By Voltage Level

8.2.5.2.2.4.    By Application

8.2.5.3.        Mexico Surge Arresters Market Outlook

8.2.5.3.1.        Market Size & Forecast

8.2.5.3.1.1.    By Value

8.2.5.3.2.        Market Share & Forecast

8.2.5.3.2.1.    By Type

8.2.5.3.2.2.    By Class

8.2.5.3.2.3.    By Voltage Level

8.2.5.3.2.4.    By Application

9.    Europe Surge Arresters Market Outlook

9.1.    Market Size & Forecast

9.1.1.  By Value

9.2.    Market Share & Forecast

9.2.1.  By Type

9.2.2.  By Class

9.2.3.  By Voltage Level

9.2.4.  By Application

9.2.5.  By Country

9.2.5.1.        Germany Surge Arresters Market Outlook

9.2.5.1.1.        Market Size & Forecast

9.2.5.1.1.1.    By Value

9.2.5.1.2.        Market Share & Forecast

9.2.5.1.2.1.    By Type

9.2.5.1.2.2.    By Class

9.2.5.1.2.3.    By Voltage Level

9.2.5.1.2.4.    By Application

9.2.5.2.        France Surge Arresters Market Outlook

9.2.5.2.1.        Market Size & Forecast

9.2.5.2.1.1.    By Value

9.2.5.2.2.        Market Share & Forecast

9.2.5.2.2.1.    By Type

9.2.5.2.2.2.    By Class

9.2.5.2.2.3.    By Voltage Level

9.2.5.2.2.4.    By Application

9.2.5.3.        United Kingdom Surge Arresters Market Outlook

9.2.5.3.1.        Market Size & Forecast

9.2.5.3.1.1.    By Value

9.2.5.3.2.        Market Share & Forecast

9.2.5.3.2.1.    By Type

9.2.5.3.2.2.    By Class

9.2.5.3.2.3.    By Voltage Level

9.2.5.3.2.4.    By Application

9.2.5.4.        Italy Surge Arresters Market Outlook

9.2.5.4.1.        Market Size & Forecast

9.2.5.4.1.1.    By Value

9.2.5.4.2.        Market Share & Forecast

9.2.5.4.2.1.    By Type

9.2.5.4.2.2.    By Class

9.2.5.4.2.3.    By Voltage Level

9.2.5.4.2.4.    By Application

9.2.5.5.        Spain Surge Arresters Market Outlook

9.2.5.5.1.        Market Size & Forecast

9.2.5.5.1.1.    By Value

9.2.5.5.2.        Market Share & Forecast

9.2.5.5.2.1.    By Type

9.2.5.5.2.2.    By Voltage Level

9.2.5.5.2.3.    By Application

10. South America Surge Arresters Market Outlook

10.1. Market Size & Forecast

10.1.1.    By Value

10.2. Market Share & Forecast

10.2.1.    By Type

10.2.2.    By Class

10.2.3.    By Voltage Level

10.2.4.    By Application

10.2.5.    By Country

10.2.5.1.     Brazil Surge Arresters Market Outlook

10.2.5.1.1.   Market Size & Forecast

10.2.5.1.1.1.             By Value

10.2.5.1.2.   Market Share & Forecast

10.2.5.1.2.1.             By Type

10.2.5.1.2.2.             By Class

10.2.5.1.2.3.             By Voltage Level

10.2.5.1.2.4.             By Application

10.2.5.2.     Colombia Surge Arresters Market Outlook

10.2.5.2.1.   Market Size & Forecast

10.2.5.2.1.1.             By Value

10.2.5.2.2.   Market Share & Forecast

10.2.5.2.2.1.             By Type

10.2.5.2.2.2.             By Class

10.2.5.2.2.3.             By Voltage Level

10.2.5.2.2.4.             By Application

10.2.5.3.     Argentina Surge Arresters Market Outlook

10.2.5.3.1.   Market Size & Forecast

10.2.5.3.1.1.             By Value

10.2.5.3.2.   Market Share & Forecast

10.2.5.3.2.1.             By Type

10.2.5.3.2.2.             By Class

10.2.5.3.2.3.             By Voltage Level

10.2.5.3.2.4.             By Application

11. Middle East & Africa Surge Arresters Market Outlook

11.1. Market Size & Forecast

11.1.1.    By Value

11.2. Market Share & Forecast

11.2.1.    By Type

11.2.2.    By Class

11.2.3.    By Voltage Level

11.2.4.    By Application

11.2.5.    By Country

11.2.5.1.     Saudi Arabia Surge Arresters Market Outlook

11.2.5.1.1.   Market Size & Forecast

11.2.5.1.1.1.             By Value

11.2.5.1.2.   Market Share & Forecast

11.2.5.1.2.1.             By Type

11.2.5.1.2.2.             By Class

11.2.5.1.2.3.             By Voltage Level

11.2.5.1.2.4.             By Application

11.2.5.2.     UAE Surge Arresters Market Outlook

11.2.5.2.1.   Market Size & Forecast

11.2.5.2.1.1.             By Value

11.2.5.2.2.   Market Share & Forecast

11.2.5.2.2.1.             By Type

11.2.5.2.2.2.             By Class

11.2.5.2.2.3.             By Voltage Level

11.2.5.2.2.4.             By Application

11.2.5.3.     South Africa Surge Arresters Market Outlook

11.2.5.3.1.   Market Size & Forecast

11.2.5.3.1.1.             By Value

11.2.5.3.2.   Market Share & Forecast

11.2.5.3.2.1.             By Type

11.2.5.3.2.2.             By Class

11.2.5.3.2.3.             By Voltage Level

11.2.5.3.2.4.             By Application

12. Asia Pacific Surge Arresters Market Outlook

12.1. Market Size & Forecast

12.1.1.    By Value

12.2. Market Share & Forecast

12.2.1.    By Type

12.2.2.    By Class

12.2.3.    By Voltage Level

12.2.4.    By Application

12.2.5.    By Country

12.2.5.1.     China Surge Arresters Market Outlook

12.2.5.1.1.   Market Size & Forecast

12.2.5.1.1.1.             By Value

12.2.5.1.2.   Market Share & Forecast

12.2.5.1.2.1.             By Type

12.2.5.1.2.2.             By Class

12.2.5.1.2.3.             By Voltage Level

12.2.5.1.2.4.             By Application

12.2.5.2.     India Surge Arresters Market Outlook

12.2.5.2.1.   Market Size & Forecast

12.2.5.2.1.1.             By Value

12.2.5.2.2.   Market Share & Forecast

12.2.5.2.2.1.             By Type

12.2.5.2.2.2.             By Class

12.2.5.2.2.3.             By Voltage Level

12.2.5.2.2.4.             By Application

12.2.5.3.     Japan Surge Arresters Market Outlook

12.2.5.3.1.   Market Size & Forecast

12.2.5.3.1.1.             By Value

12.2.5.3.2.   Market Share & Forecast

12.2.5.3.2.1.             By Type

12.2.5.3.2.2.             By Class

12.2.5.3.2.3.             By Voltage Level

12.2.5.3.2.4.             By Application

12.2.5.4.     South Korea Surge Arresters Market Outlook

12.2.5.4.1.   Market Size & Forecast

12.2.5.4.1.1.             By Value

12.2.5.4.2.   Market Share & Forecast

12.2.5.4.2.1.             By Type

12.2.5.4.2.2.             By Class

12.2.5.4.2.3.             By Voltage Level

12.2.5.4.2.4.             By Application

12.2.5.5.     Australia Surge Arresters Market Outlook

12.2.5.5.1.   Market Size & Forecast

12.2.5.5.1.1.             By Value

12.2.5.5.2.   Market Share & Forecast

12.2.5.5.2.1.             By Type

12.2.5.5.2.2.             By Class

12.2.5.5.2.3.             By Voltage Level

12.2.5.5.2.4.             By Application

13. Market Dynamics

13.1.   Drivers

13.2.   Challenges

14. Market Trends and Developments

15. Company Profiles

15.1.   ABB Ltd.

15.1.1.        Business Overview

15.1.2.        Key Revenue and Financials  

15.1.3.        Recent Developments

15.1.4.        Key Personnel

15.1.5.        Key Product/Services Offered

15.2.   CG Power and Industrial Solutions Ltd

15.2.1.        Business Overview

15.2.2.        Key Revenue and Financials  

15.2.3.        Recent Developments

15.2.4.        Key Personnel

15.2.5.        Key Product/Services Offered

15.3.   Eaton Corporation PLC

15.3.1.        Business Overview

15.3.2.        Key Revenue and Financials  

15.3.3.        Recent Developments

15.3.4.        Key Personnel

15.3.5.        Key Product/Services Offered

15.4.   Emerson Electric Co.

15.4.1.        Key Revenue and Financials  

15.4.2.        Recent Developments

15.4.3.        Key Personnel

15.4.4.        Key Product/Services Offered

15.5.   Legrand SA

15.5.1.        Business Overview

15.5.2.        Key Revenue and Financials  

15.5.3.        Recent Developments

15.5.4.        Key Personnel

15.5.5.        Key Product/Services Offered

15.6.   Siemens AG

15.6.1.        Business Overview

15.6.2.        Key Revenue and Financials  

15.6.3.        Recent Developments

15.6.4.        Key Personnel

15.6.5.        Key Product/Services Offered

15.7.   Mitsubishi Electric Corporation

15.7.1.        Business Overview

15.7.2.        Key Revenue and Financials  

15.7.3.        Recent Developments

15.7.4.        Key Personnel

15.7.5.        Key Product/Services Offered

15.8.   Raycap Corporation SA

15.8.1.        Business Overview

15.8.2.        Key Revenue and Financials  

15.8.3.        Recent Developments

15.8.4.        Key Personnel

15.8.5.        Key Product/Services Offered

15.9.   Schneider electric SE

15.9.1.        Business Overview

15.9.2.        Key Revenue and Financials  

15.9.3.        Recent Developments

15.9.4.        Key Personnel

15.9.5.        Key Product/Services Offered

15.10.General Electric Company  

15.10.1.     Business Overview

15.10.2.     Key Revenue and Financials  

15.10.3.     Recent Developments

15.10.4.     Key Personnel

15.10.5.     Key Product/Services Offered

16. Strategic Recommendations

About Us & Disclaimer

Figures and Tables

Frequently asked questions

down-arrow

The market size of the Global Surge Arresters Market was USD 1.26 billion in 2022.

down-arrow

The utility segment was the dominant segment in the Global Surge Arresters Market in 2022. The utility segment in the Global Surge Arresters Market constitutes a substantial portion of the market and plays a crucial role in ensuring the reliable and uninterrupted supply of electricity to consumers. Surge arresters utilized in the utility segment are specifically designed to handle high voltage levels, typically ranging from 6 kV (kilovolts) to 765 kV or even higher.

down-arrow

Rapid Technological Advancements & Product Obsolescence and Cost and Budget Constraints are some of the challenges for the Global Surge Arresters Market.

down-arrow

Increasing Demand for Reliable Power Supply and Aging Electrical Infrastructure are the major drivers for the Global Surge Arresters Market.

Related Reports

profile

Parvati Sharma

Account Manager BD
Press Release

Surge Arresters Market is expected to grow at a robust CAGR

Nov, 2023

Global Surge Arresters Market is expected to grow owing to investments in energy systems and smart grids, equipment protection throughout the forecast period.

Why Choose Us