Surge Arrester - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Surge Arrester Market is accounted for $1.57 billion in 2019 and is expected to reach $2.72 billion by 2027 growing at a CAGR of 7.1% during the forecast period. Investments in smart grids & energy systems and aging power infrastructure are the major factors propelling the market growth. However, rising competition from the unorganized sector is hampering the market growth.
Surge arrester is a device that protects electrical power system from damage caused by lightning and switching effects. It is sometimes known as surge protection device to protect equipment in transmission of power and in distribution system.
Based on the class, the distribution class segment is going to have a lucrative growth during the forecast period due to the rising need to modify aging distribution networks along with better reliability requirements necessitates the development of distribution systems which offer superior overvoltage protection, there by stimulating the systems demand.
By geography, Europe is going to have a lucrative growth during the forecast period due to accelerating investments toward the modernization of smart grid infrastructure driven by stringent EU regulations pertaining to grid deployment will drive the industry growth.
Some of the key players profiled in the Surge Arrester Market include ABB, CG Power, Eaton, Emerson Electric, GE Oil and Gas, HAKEL spol. Sr, Hubbell, Schneider Electric, Lamco, Legrand S.A, Leviton Manufacturing, Mitsubishi Electric, NGK Insulators, Raycap Corporation S.A, Siemens, TE Connectivity and Vertiv.
• Extra-High Voltage
• High Voltage
• Low Voltage
• Medium Voltage
• Polymer Intermediate
Arrester Ratings Covered:
• 3 (kV) rms to 48 (kV) rms
• 54 (kV) rms to 168 (kV) rms
• 172 (kV) rms to 300 (kV) rms
• More than 312 (kV) rms
• Linear Fresnel Reflector
• Power Tower
• Parabolic Trough
• Station Class
• Intermediate Class
• Distribution Class
End User Covered:
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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