Surge Arrester Market
Surge Arrester Market Forecasts to 2030 - Global Analysis By Type (Polymeric, Porcelain and Silicone), Class (Station Class, Intermediate Class, Distribution Class and Secondary Class), Voltage Level, Application, End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $1.59 BN |
|
Projected Year Value (2030) |
US $2.47 BN |
|
CAGR (2023 - 2030) |
6.5% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Surge Arrester Market is accounted for $1.59 billion in 2023 and is expected to reach $2.47 billion by 2030 growing at a CAGR of 6.5% during the forecast period. A surge arrester is a protective device designed to safeguard electrical equipment from voltage spikes or surges. It operates by diverting excess voltage to the ground, thereby preventing damage to sensitive components. They find extensive use in electrical systems, such as power distribution networks, telecommunications networks, and electronic devices, ensuring reliable operation by mitigating the risks associated with lightning strikes, switching events, or other transient voltage fluctuations.
According to International Energy Agency (IEA), smart grid investments are estimated to reach USD 290 billion in 2021, up from USD 270 billion in 2019, and even surpassing it.
Market Dynamics:
Driver:
Rising demand for electricity
With modern lifestyles relying heavily on electronic devices and appliances, any disruption in power supply due to voltage surges can result in significant economic losses, downtime, or damage to equipment. Surge arresters play a pivotal role in protecting electrical infrastructure from transient overvoltage caused by lightning strikes, switching surges, or other disturbances. Moreover, as utilities and industries strive to meet the escalating demand for electricity while ensuring grid stability and reliability, the importance of surge protection becomes paramount. These factors drive market demand.
Restraint:
High initial cost
Surge arresters, particularly those equipped with advanced features and high-quality materials, often entail substantial upfront investment for procurement and installation. Moreover, the high initial costs of surge arresters may be exacerbated by additional expenses associated with engineering, integration, and maintenance. End-users, including utilities, industries, and commercial entities, may hesitate to invest in surge arresters due to concerns about the initial capital outlay and the perceived return on investment. Overall, high initial costs are a significant factor hindering market expansion.
Opportunity:
Growing focus on safety and risk mitigation
With increasing awareness of the potential dangers posed by transient overvoltages, organizations prioritize the implementation of robust electrical protection systems to safeguard personnel, equipment, and infrastructure from damage and downtime. Surge arresters play a pivotal role in this regard, providing critical protection against lightning strikes, switching surges, and other electrical disturbances. Overall, the growing focus on safety and risk mitigation drives the demand for surge arresters in the market.
Threat:
Substitution by alternative technologies
Alternatives such as electronic filters, EMI suppressors, or active power conditioners pose a challenge to the dominance of surge arresters by providing comparable or even superior protection capabilities in certain applications. However, advancements in innovative solutions may lead end-users to consider alternative options that offer benefits such as faster response times and higher efficiency with modern electrical systems. As a result, surge arrester manufacturers face the risk of losing market share to competitors offering alternative solutions, thereby experiencing a decline in` sales and revenue.
Covid-19 Impact
The COVID-19 pandemic had a mixed impact on the surge arrester market. Initially, the market experienced disruptions in supply chains, manufacturing operations, and project timelines due to lockdowns, travel restrictions, and workforce limitations imposed to curb the spread of the virus. However, the increased reliance on remote working, online communication, and digitalization during the pandemic highlighted the importance of reliable electricity supply and robust electrical infrastructure.
The polymeric segment is expected to be the largest during the forecast period
The polymeric segment is estimated to hold the largest share. Polymeric surge arresters offer several advantages; their lightweight and compact construction makes them easier to install and handle, reducing labor costs and logistical challenges during deployment. Additionally, polymer materials exhibit excellent resistance to environmental factors such as moisture, UV radiation, and pollution, ensuring long-term performance and reliability even in harsh operating conditions.
The substation applications segment is expected to have the highest CAGR during the forecast period
The substation applications segment is anticipated to have lucrative growth during the forecast period. Substations serve as key nodes in the power grid, facilitating the transmission, transformation, and distribution of electricity from power plants to end-users. Surge arresters deployed in substations play a crucial role in protecting equipment and assets against transient overvoltage that can occur due to lightning strikes, switching operations, or other disturbances. Surge arresters help minimize the risk of equipment failure, costly repairs, and unplanned downtime, thereby ensuring the continuous and reliable operation of the electrical grid.
Region with largest share:
Asia Pacific commanded the largest market share during the extrapolated period owing to rapid industrialization, infrastructure development, and increasing demand for electricity. In particular, the burgeoning urban population and expanding industrial sectors in Asia-Pacific countries fuel the need for reliable and uninterrupted power supply, creating a strong demand for surge protection solutions. Furthermore, governments across the region are implementing regulations and standards to enhance electrical safety and reliability, thereby incentivizing the adoption of surge protection devices.
Region with highest CAGR:
North America is expected to witness profitable growth over the projection period. Industries such as manufacturing, telecommunications, healthcare, and IT services rely heavily on uninterrupted power supply to maintain operations, making surge protection a critical priority. Furthermore, stringent regulations and standards set by regulatory bodies such as the National Electrical Code (NEC) and the Institute of Electrical and Electronics Engineers (IEEE) mandate the use of surge protection devices in various applications.
Key players in the market
Some of the key players in the Surge Arrester Market include Siemens AG, Legrand S.A, ABB, CG Power & Industrial Solutions Ltd, Vertiv Group Corp., Schneider Electric, Emerson Electric Co, Leviton Manufacturing Co., Inc., Lamco Industries Pvt Ltd, General Electric, Toshiba Corporation, Hitachi ABB Power Grids, Eaton, Hubbell and Mitsubishi Electric.
Key Developments:
In December 2023, Siemens AG, a leading technology company, and Intel Corporation, one of the world’s largest semiconductor companies, have signed a Memorandum of Understanding (MoU) to collaborate on driving digitalization and sustainability of microelectronics manufacturing.
In March 2023, Eaton and Sunverge, the provider of an industry-leading distributed energy resource (DER) control, orchestration and aggregation platform, announced expanded collaboration to enable dynamic utility management of home electric vehicle (EV) charging infrastructure.
In April 2021, Hitachi ABB Power Grids announced that it has signed a Collaboration Agreement with, Atlas Renewable Energy, a leading renewable energy company in the Americas, to jointly develop and execute Battery Energy Storage Systems (BESS) at a utility scale level for Atlas’ renewable projects.
Types Covered:
• Polymeric
• Porcelain
• Silicone
Classes Covered:
• Station Class
• Intermediate Class
• Distribution Class
• Secondary Class
Voltage Levels Covered:
• Low Voltage
• Medium Voltage
• High Voltage
• Extra High Voltage
Applications Covered:
• Substation Applications
• Indoor Applications
• Overhead Line Applications
• Underground Applications
• Other Applications
End Users Covered:
• Industrial Sector
• Commercial Sector
• Residential Sector
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
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 2021, 2022, 2023, 2026, and 2030
- 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
Free Customization Offerings:
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
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Surge Arrester Market, By Type
5.1 Introduction
5.2 Polymeric
5.3 Porcelain
5.4 Silicone
6 Global Surge Arrester Market, By Class
6.1 Introduction
6.2 Station Class
6.3 Intermediate Class
6.4 Distribution Class
6.5 Secondary Class
7 Global Surge Arrester Market, By Voltage Level
7.1 Introduction
7.2 Low Voltage
7.3 Medium Voltage
7.4 High Voltage
7.5 Extra High Voltage
8 Global Surge Arrester Market, By Application
8.1 Introduction
8.2 Substation Applications
8.3 Indoor Applications
8.4 Overhead Line Applications
8.5 Underground Applications
8.6 Other Applications
9 Global Surge Arrester Market, By End User
9.1 Introduction
9.2 Industrial Sector
9.3 Commercial Sector
9.4 Residential Sector
9.5 Other End Users
10 Global Surge Arrester Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Siemens AG
12.2 Legrand S.A
12.3 ABB
12.4 CG Power & Industrial Solutions Ltd
12.5 Vertiv Group Corp.
12.6 Schneider Electric
12.7 Emerson Electric Co
12.8 Leviton Manufacturing Co., Inc.
12.9 Lamco Industries Pvt Ltd
12.10 General Electric
12.11 Toshiba Corporation
12.12 Hitachi ABB Power Grids
12.13 Eaton
12.14 Hubbell
12.15 Mitsubishi Electric
List of Tables
1 Global Surge Arrester Market Outlook, By Region (2021-2030) ($MN)
2 Global Surge Arrester Market Outlook, By Type (2021-2030) ($MN)
3 Global Surge Arrester Market Outlook, By Polymeric (2021-2030) ($MN)
4 Global Surge Arrester Market Outlook, By Porcelain (2021-2030) ($MN)
5 Global Surge Arrester Market Outlook, By Silicone (2021-2030) ($MN)
6 Global Surge Arrester Market Outlook, By Class (2021-2030) ($MN)
7 Global Surge Arrester Market Outlook, By Station Class (2021-2030) ($MN)
8 Global Surge Arrester Market Outlook, By Intermediate Class (2021-2030) ($MN)
9 Global Surge Arrester Market Outlook, By Distribution Class (2021-2030) ($MN)
10 Global Surge Arrester Market Outlook, By Secondary Class (2021-2030) ($MN)
11 Global Surge Arrester Market Outlook, By Voltage Level (2021-2030) ($MN)
12 Global Surge Arrester Market Outlook, By Low Voltage (2021-2030) ($MN)
13 Global Surge Arrester Market Outlook, By Medium Voltage (2021-2030) ($MN)
14 Global Surge Arrester Market Outlook, By High Voltage (2021-2030) ($MN)
15 Global Surge Arrester Market Outlook, By Extra High Voltage (2021-2030) ($MN)
16 Global Surge Arrester Market Outlook, By Application (2021-2030) ($MN)
17 Global Surge Arrester Market Outlook, By Substation Applications (2021-2030) ($MN)
18 Global Surge Arrester Market Outlook, By Indoor Applications (2021-2030) ($MN)
19 Global Surge Arrester Market Outlook, By Overhead Line Applications (2021-2030) ($MN)
20 Global Surge Arrester Market Outlook, By Underground Applications (2021-2030) ($MN)
21 Global Surge Arrester Market Outlook, By Other Applications (2021-2030) ($MN)
22 Global Surge Arrester Market Outlook, By End User (2021-2030) ($MN)
23 Global Surge Arrester Market Outlook, By Industrial Sector (2021-2030) ($MN)
24 Global Surge Arrester Market Outlook, By Commercial Sector (2021-2030) ($MN)
25 Global Surge Arrester Market Outlook, By Residential Sector (2021-2030) ($MN)
26 Global Surge Arrester Market Outlook, By Other End Users (2021-2030) ($MN)
27 North America Surge Arrester Market Outlook, By Country (2021-2030) ($MN)
28 North America Surge Arrester Market Outlook, By Type (2021-2030) ($MN)
29 North America Surge Arrester Market Outlook, By Polymeric (2021-2030) ($MN)
30 North America Surge Arrester Market Outlook, By Porcelain (2021-2030) ($MN)
31 North America Surge Arrester Market Outlook, By Silicone (2021-2030) ($MN)
32 North America Surge Arrester Market Outlook, By Class (2021-2030) ($MN)
33 North America Surge Arrester Market Outlook, By Station Class (2021-2030) ($MN)
34 North America Surge Arrester Market Outlook, By Intermediate Class (2021-2030) ($MN)
35 North America Surge Arrester Market Outlook, By Distribution Class (2021-2030) ($MN)
36 North America Surge Arrester Market Outlook, By Secondary Class (2021-2030) ($MN)
37 North America Surge Arrester Market Outlook, By Voltage Level (2021-2030) ($MN)
38 North America Surge Arrester Market Outlook, By Low Voltage (2021-2030) ($MN)
39 North America Surge Arrester Market Outlook, By Medium Voltage (2021-2030) ($MN)
40 North America Surge Arrester Market Outlook, By High Voltage (2021-2030) ($MN)
41 North America Surge Arrester Market Outlook, By Extra High Voltage (2021-2030) ($MN)
42 North America Surge Arrester Market Outlook, By Application (2021-2030) ($MN)
43 North America Surge Arrester Market Outlook, By Substation Applications (2021-2030) ($MN)
44 North America Surge Arrester Market Outlook, By Indoor Applications (2021-2030) ($MN)
45 North America Surge Arrester Market Outlook, By Overhead Line Applications (2021-2030) ($MN)
46 North America Surge Arrester Market Outlook, By Underground Applications (2021-2030) ($MN)
47 North America Surge Arrester Market Outlook, By Other Applications (2021-2030) ($MN)
48 North America Surge Arrester Market Outlook, By End User (2021-2030) ($MN)
49 North America Surge Arrester Market Outlook, By Industrial Sector (2021-2030) ($MN)
50 North America Surge Arrester Market Outlook, By Commercial Sector (2021-2030) ($MN)
51 North America Surge Arrester Market Outlook, By Residential Sector (2021-2030) ($MN)
52 North America Surge Arrester Market Outlook, By Other End Users (2021-2030) ($MN)
53 Europe Surge Arrester Market Outlook, By Country (2021-2030) ($MN)
54 Europe Surge Arrester Market Outlook, By Type (2021-2030) ($MN)
55 Europe Surge Arrester Market Outlook, By Polymeric (2021-2030) ($MN)
56 Europe Surge Arrester Market Outlook, By Porcelain (2021-2030) ($MN)
57 Europe Surge Arrester Market Outlook, By Silicone (2021-2030) ($MN)
58 Europe Surge Arrester Market Outlook, By Class (2021-2030) ($MN)
59 Europe Surge Arrester Market Outlook, By Station Class (2021-2030) ($MN)
60 Europe Surge Arrester Market Outlook, By Intermediate Class (2021-2030) ($MN)
61 Europe Surge Arrester Market Outlook, By Distribution Class (2021-2030) ($MN)
62 Europe Surge Arrester Market Outlook, By Secondary Class (2021-2030) ($MN)
63 Europe Surge Arrester Market Outlook, By Voltage Level (2021-2030) ($MN)
64 Europe Surge Arrester Market Outlook, By Low Voltage (2021-2030) ($MN)
65 Europe Surge Arrester Market Outlook, By Medium Voltage (2021-2030) ($MN)
66 Europe Surge Arrester Market Outlook, By High Voltage (2021-2030) ($MN)
67 Europe Surge Arrester Market Outlook, By Extra High Voltage (2021-2030) ($MN)
68 Europe Surge Arrester Market Outlook, By Application (2021-2030) ($MN)
69 Europe Surge Arrester Market Outlook, By Substation Applications (2021-2030) ($MN)
70 Europe Surge Arrester Market Outlook, By Indoor Applications (2021-2030) ($MN)
71 Europe Surge Arrester Market Outlook, By Overhead Line Applications (2021-2030) ($MN)
72 Europe Surge Arrester Market Outlook, By Underground Applications (2021-2030) ($MN)
73 Europe Surge Arrester Market Outlook, By Other Applications (2021-2030) ($MN)
74 Europe Surge Arrester Market Outlook, By End User (2021-2030) ($MN)
75 Europe Surge Arrester Market Outlook, By Industrial Sector (2021-2030) ($MN)
76 Europe Surge Arrester Market Outlook, By Commercial Sector (2021-2030) ($MN)
77 Europe Surge Arrester Market Outlook, By Residential Sector (2021-2030) ($MN)
78 Europe Surge Arrester Market Outlook, By Other End Users (2021-2030) ($MN)
79 Asia Pacific Surge Arrester Market Outlook, By Country (2021-2030) ($MN)
80 Asia Pacific Surge Arrester Market Outlook, By Type (2021-2030) ($MN)
81 Asia Pacific Surge Arrester Market Outlook, By Polymeric (2021-2030) ($MN)
82 Asia Pacific Surge Arrester Market Outlook, By Porcelain (2021-2030) ($MN)
83 Asia Pacific Surge Arrester Market Outlook, By Silicone (2021-2030) ($MN)
84 Asia Pacific Surge Arrester Market Outlook, By Class (2021-2030) ($MN)
85 Asia Pacific Surge Arrester Market Outlook, By Station Class (2021-2030) ($MN)
86 Asia Pacific Surge Arrester Market Outlook, By Intermediate Class (2021-2030) ($MN)
87 Asia Pacific Surge Arrester Market Outlook, By Distribution Class (2021-2030) ($MN)
88 Asia Pacific Surge Arrester Market Outlook, By Secondary Class (2021-2030) ($MN)
89 Asia Pacific Surge Arrester Market Outlook, By Voltage Level (2021-2030) ($MN)
90 Asia Pacific Surge Arrester Market Outlook, By Low Voltage (2021-2030) ($MN)
91 Asia Pacific Surge Arrester Market Outlook, By Medium Voltage (2021-2030) ($MN)
92 Asia Pacific Surge Arrester Market Outlook, By High Voltage (2021-2030) ($MN)
93 Asia Pacific Surge Arrester Market Outlook, By Extra High Voltage (2021-2030) ($MN)
94 Asia Pacific Surge Arrester Market Outlook, By Application (2021-2030) ($MN)
95 Asia Pacific Surge Arrester Market Outlook, By Substation Applications (2021-2030) ($MN)
96 Asia Pacific Surge Arrester Market Outlook, By Indoor Applications (2021-2030) ($MN)
97 Asia Pacific Surge Arrester Market Outlook, By Overhead Line Applications (2021-2030) ($MN)
98 Asia Pacific Surge Arrester Market Outlook, By Underground Applications (2021-2030) ($MN)
99 Asia Pacific Surge Arrester Market Outlook, By Other Applications (2021-2030) ($MN)
100 Asia Pacific Surge Arrester Market Outlook, By End User (2021-2030) ($MN)
101 Asia Pacific Surge Arrester Market Outlook, By Industrial Sector (2021-2030) ($MN)
102 Asia Pacific Surge Arrester Market Outlook, By Commercial Sector (2021-2030) ($MN)
103 Asia Pacific Surge Arrester Market Outlook, By Residential Sector (2021-2030) ($MN)
104 Asia Pacific Surge Arrester Market Outlook, By Other End Users (2021-2030) ($MN)
105 South America Surge Arrester Market Outlook, By Country (2021-2030) ($MN)
106 South America Surge Arrester Market Outlook, By Type (2021-2030) ($MN)
107 South America Surge Arrester Market Outlook, By Polymeric (2021-2030) ($MN)
108 South America Surge Arrester Market Outlook, By Porcelain (2021-2030) ($MN)
109 South America Surge Arrester Market Outlook, By Silicone (2021-2030) ($MN)
110 South America Surge Arrester Market Outlook, By Class (2021-2030) ($MN)
111 South America Surge Arrester Market Outlook, By Station Class (2021-2030) ($MN)
112 South America Surge Arrester Market Outlook, By Intermediate Class (2021-2030) ($MN)
113 South America Surge Arrester Market Outlook, By Distribution Class (2021-2030) ($MN)
114 South America Surge Arrester Market Outlook, By Secondary Class (2021-2030) ($MN)
115 South America Surge Arrester Market Outlook, By Voltage Level (2021-2030) ($MN)
116 South America Surge Arrester Market Outlook, By Low Voltage (2021-2030) ($MN)
117 South America Surge Arrester Market Outlook, By Medium Voltage (2021-2030) ($MN)
118 South America Surge Arrester Market Outlook, By High Voltage (2021-2030) ($MN)
119 South America Surge Arrester Market Outlook, By Extra High Voltage (2021-2030) ($MN)
120 South America Surge Arrester Market Outlook, By Application (2021-2030) ($MN)
121 South America Surge Arrester Market Outlook, By Substation Applications (2021-2030) ($MN)
122 South America Surge Arrester Market Outlook, By Indoor Applications (2021-2030) ($MN)
123 South America Surge Arrester Market Outlook, By Overhead Line Applications (2021-2030) ($MN)
124 South America Surge Arrester Market Outlook, By Underground Applications (2021-2030) ($MN)
125 South America Surge Arrester Market Outlook, By Other Applications (2021-2030) ($MN)
126 South America Surge Arrester Market Outlook, By End User (2021-2030) ($MN)
127 South America Surge Arrester Market Outlook, By Industrial Sector (2021-2030) ($MN)
128 South America Surge Arrester Market Outlook, By Commercial Sector (2021-2030) ($MN)
129 South America Surge Arrester Market Outlook, By Residential Sector (2021-2030) ($MN)
130 South America Surge Arrester Market Outlook, By Other End Users (2021-2030) ($MN)
131 Middle East & Africa Surge Arrester Market Outlook, By Country (2021-2030) ($MN)
132 Middle East & Africa Surge Arrester Market Outlook, By Type (2021-2030) ($MN)
133 Middle East & Africa Surge Arrester Market Outlook, By Polymeric (2021-2030) ($MN)
134 Middle East & Africa Surge Arrester Market Outlook, By Porcelain (2021-2030) ($MN)
135 Middle East & Africa Surge Arrester Market Outlook, By Silicone (2021-2030) ($MN)
136 Middle East & Africa Surge Arrester Market Outlook, By Class (2021-2030) ($MN)
137 Middle East & Africa Surge Arrester Market Outlook, By Station Class (2021-2030) ($MN)
138 Middle East & Africa Surge Arrester Market Outlook, By Intermediate Class (2021-2030) ($MN)
139 Middle East & Africa Surge Arrester Market Outlook, By Distribution Class (2021-2030) ($MN)
140 Middle East & Africa Surge Arrester Market Outlook, By Secondary Class (2021-2030) ($MN)
141 Middle East & Africa Surge Arrester Market Outlook, By Voltage Level (2021-2030) ($MN)
142 Middle East & Africa Surge Arrester Market Outlook, By Low Voltage (2021-2030) ($MN)
143 Middle East & Africa Surge Arrester Market Outlook, By Medium Voltage (2021-2030) ($MN)
144 Middle East & Africa Surge Arrester Market Outlook, By High Voltage (2021-2030) ($MN)
145 Middle East & Africa Surge Arrester Market Outlook, By Extra High Voltage (2021-2030) ($MN)
146 Middle East & Africa Surge Arrester Market Outlook, By Application (2021-2030) ($MN)
147 Middle East & Africa Surge Arrester Market Outlook, By Substation Applications (2021-2030) ($MN)
148 Middle East & Africa Surge Arrester Market Outlook, By Indoor Applications (2021-2030) ($MN)
149 Middle East & Africa Surge Arrester Market Outlook, By Overhead Line Applications (2021-2030) ($MN)
150 Middle East & Africa Surge Arrester Market Outlook, By Underground Applications (2021-2030) ($MN)
151 Middle East & Africa Surge Arrester Market Outlook, By Other Applications (2021-2030) ($MN)
152 Middle East & Africa Surge Arrester Market Outlook, By End User (2021-2030) ($MN)
153 Middle East & Africa Surge Arrester Market Outlook, By Industrial Sector (2021-2030) ($MN)
154 Middle East & Africa Surge Arrester Market Outlook, By Commercial Sector (2021-2030) ($MN)
155 Middle East & Africa Surge Arrester Market Outlook, By Residential Sector (2021-2030) ($MN)
156 Middle East & Africa Surge Arrester Market Outlook, By Other End Users (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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