Surge Arrester Market - Trends Forecast Till 2028

Surge Arrester Market, Type (Polymeric, Porcelain), Voltage (Medium, High, Extra High), Class (Distribution, Intermediate, Station), End-User (Utilities, Industries, Transportation), Application and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: January, 2021

Base Year Estimate: 2020

Report ID: D-EN-SAM-90

Format:  

Number of Pages: 345

Domain: Energy

Surge Arrester Market - Trends Forecast Till 2028

Global Surge Arrester Market is anticipated to reach USD 2.1 billion in 2021 growing at a CAGR of 5.1% during the forecasting period, 2021-2028. 

Surge arresters are the protection material that is used in transmission and distribution networks for the protection of electrical equipment. It works by diverting the extra voltage into the earth wire and also ensure a normal voltage supply thus protecting the electrical device. These surge arresters are classified on the basis of their protecting ability, durability, and electricity diverting power. The so formed classifications are 1. Station arrester 2. Intermediate arrester, and distribution arrester. Station arresters provide the highest protection and find applications in areas with a strong surge. Intermediate arrester provides middle range protection and thus has wide applicability in dry-type transformers. The last protection is offered by distribution arrester and finds use in middle voltage network where the voltage is about 600-35000 volts.

Increased demand for an uninterrupted power supply and the need for replacement of perishable machinery are some of the factors that have supported long-term expansion for the surge arrester industry. 

Surge Arrester Market - Trends Forecast Till 2028

Global Surge Arrester Market is segmented into types, voltage, class, application, end-user, and geography.

Types segment is segmented into Polymeric and Porcelain

Class segment is segmented into Distribution, Intermediate, and Station

Voltage segment is segmented into Medium, High, and Extra High

End-User segment is segmented into Utilities, Industries, and Transportation

Geographically, the global surge arrester market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions

Key players in the global surge arrester market are Hitachi ABB (Switzerland), Siemens Energy (Germany), General Electric (US), Eaton (Ireland), Hubbell (US), CG Power (India), Schneider Electric (France), Meidensha (Japan), Mitsubishi Electric (Japan), and Toshiba (Japan) are among others. 

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In addition to the market data for the surge arrester market, Delvens offers client-centric reports and customized according to the company’s specific demand and requirement.

Research Methodology

Secondary Research

This research method involved the usage of extensive secondary sources (such as directories and databases)—Hoovers, Avention, annual reports, investor presentation, conferences like Jefferies conference)—to identify and collect information useful for this study of the surge arrester market. The purpose of secondary research is to identify and collection of extensive, technical, market-oriented, and commercial studies of the global surge arrester market. Through secondary research, the market is classified and segmented as per industry trends, developments, regional markets, products, and technological development. 

Primary Research

The primary sources mainly included several industry experts from the core and related industries and suppliers, manufacturers, distributors, alliances, and organizations related to all segments of this industry’s supply chain. In-depth interviews were conducted with various primary respondents—including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts—to obtain and verify critical qualitative and quantitative information as well as to assess future prospects. The following figure depicts the market research methodology used in drafting this report on the surge arrester market.

Primary Respondent breakdown is given below:

Primary Respondents

Market Sizing

Top-down and bottom approaches were used to derive the market estimate and validate the total revenue of the surge arrester market. This approach has also been used to derive the market for segmentation and sub-segmentation. 

Data Validation

Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data, we contact primary respondents in order to gain a 98.8% of confidence level on our data.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants 

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
  • Gain authentic and granular data access for surge arrester market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 2.1 billion

Growth Rate

CAGR of 5.1% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year 

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

Application, End-User, and Geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and the Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Hitachi ABB (Switzerland), Siemens Energy (Germany), General Electric (US), Eaton (Ireland), Hubbell (US), CG Power (India), Schneider Electric (France), Meidensha (Japan), Mitsubishi Electric (Japan), and Toshiba (Japan)

Available Customization 

In addition to the market data for the surge arrester market, Delvens offers client-centric reports and customized according to the company’s specific demand and requirement.

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