Surge Arrester Market - Trends Forecast Till 2028

Market Overview

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. 

Key Findings

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

Competitive Landscape

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. 

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