Market Overview:
Medium voltage surge arresters are devices that protect electrical equipment from the damaging effects of lightning and switching surges. These arresters are available in different types such as embedded type, wall-mount type, and built-in type. The market for medium voltage surge arresters is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. Some of the factors that are driving the growth of this market include increasing demand for protection against transient overvoltages (TOVs) and growing awareness about safety measures in industrial applications. The industrial applications segment is expected to hold the largest share of the medium voltage surge arrester market during the forecast period 2018-2030. This can be attributed to increasing investments by companies in industrial infrastructure across regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA).
Product Definition:
Medium voltage surge arresters are devices that protect electrical equipment from damage caused by transient overvoltages. These devices are important because they help to prevent fires and other electrical problems that can occur when an unexpected surge of electricity passes through a circuit.
Embedded Type:
Embedded type is used to design a medium voltage surge arrester. It is also known as the intrinsic circuit or built-in circuit. An embedded type device consists of several components such as an electronic switch, a capacitor, and an inductor in addition to the essential semiconductor elements such as diodes and transistors which are used for its functioning.
The working of an embedded type device depends on the charge stored by internal capacitors.
Wall-mount Type:
A wall-mount type surge arrester is a device used to protect electrical equipment from overvoltage and undervoltage. It is mainly used in medium voltage surge arresters. A typical wall-mounted type of surge arrester consists of an insulating material, such as ceramics or plastic, supported by a metal framework that can be mounted on the inside or outside surface of a building structure.
Application Insights:
The medium voltage surge arresters market is segmented on the basis of application into industrial, commercial and residential applications. The industrial application segment held the largest share in 2017. Medium voltage surge arresters are widely used in industries to protect electrical equipment from damage caused by lightning and power line abnormalities. They are also used for protection against power grid overloading that can lead to breakdowns or faults in electrical equipment leading to a loss of production capacity at a specific time which may result in business losses if downtime occurs during critical manufacturing stages.
Medium voltage surge arresters for residential applications provide safety against damages caused by lighting strikes as well as ensure proper functionality of electronic devices such as refrigerators, washing machines etcetera thereby ensuring consumer satisfaction regarding product quality and reliability over the long term period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The regional medium voltage surge arresters market is driven by increasing industrial and commercial construction activities in countries, such as China, India, Japan and South Korea. In addition, rising demand for residential buildings in countries like China and India will drive product demand over the next eight years.
Europe was estimated to account for a significant share of revenue in 2017 owing to early adoption of advanced technologies across various industries including power distribution & transport equipment manufacturing industry. Moreover, presence of major companies engaged in development as well as production of MVA surge arresters will continue to foster growth prospects for this market segment over the forecast period.
North America accounted for more than 20% revenue share owing to high penetration rates associated with built environment especially large cities within U.S.
Growth Factors:
- Increasing demand for medium voltage surge arresters in the power sector as a result of growing electricity consumption
- Rising investments in renewable energy sources, which is expected to drive the demand for medium voltage surge arresters over the forecast period
- Growing concerns pertaining to grid security and reliability are likely to propel the demand for medium voltage surge arresters in the near future
- Proliferation of smart grids and microgrids is anticipated to create new opportunities for growth of this market over the next few years
- Increasing awareness about benefits offered by medium voltage surge arresters is projected to boost their adoption across various industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Medium Voltage Surge Arresters Market Research Report
By Type
Embedded Type, Wall-mount Type, Built-in Type
By Application
Industrial Applications, Commercial Applications, Residential Applications
By Companies
ABB, Siemens, Eaton Corporation, Emerson Electric, Schneider Electric, Mitsubishi Electric Corporation, General Electric, Crompton Greaves, Raycap Corporation, Legrand, ABB, DEHN SE + Co KG, ZOTUP® S.r.l.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Medium Voltage Surge Arresters Market Report Segments:
The global Medium Voltage Surge Arresters market is segmented on the basis of:
Types
Embedded Type, Wall-mount Type, Built-in Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial Applications, Commercial Applications, Residential Applications
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Siemens
- Eaton Corporation
- Emerson Electric
- Schneider Electric
- Mitsubishi Electric Corporation
- General Electric
- Crompton Greaves
- Raycap Corporation
- Legrand
- ABB
- DEHN SE + Co KG
- ZOTUP® S.r.l.
Highlights of The Medium Voltage Surge Arresters Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Embedded Type
- Wall-mount Type
- Built-in Type
- By Application:
- Industrial Applications
- Commercial Applications
- Residential Applications
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medium Voltage Surge Arresters Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Medium voltage surge arresters are devices that protect electronic equipment from damage caused by surges in electricity.
Some of the key players operating in the medium voltage surge arresters market are ABB, Siemens, Eaton Corporation, Emerson Electric, Schneider Electric, Mitsubishi Electric Corporation, General Electric, Crompton Greaves, Raycap Corporation, Legrand, ABB, DEHN SE + Co KG, ZOTUP® S.r.l..
The medium voltage surge arresters market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medium Voltage Surge Arresters Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medium Voltage Surge Arresters Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medium Voltage Surge Arresters Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medium Voltage Surge Arresters Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medium Voltage Surge Arresters Market Size & Forecast, 2018-2028
4.5.1 Medium Voltage Surge Arresters Market Size and Y-o-Y Growth
4.5.2 Medium Voltage Surge Arresters Market Absolute $ Opportunity
Chapter 5 Global Medium Voltage Surge Arresters Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Medium Voltage Surge Arresters Market Size Forecast by Type
5.2.1 Embedded Type
5.2.2 Wall-mount Type
5.2.3 Built-in Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medium Voltage Surge Arresters Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Medium Voltage Surge Arresters Market Size Forecast by Applications
6.2.1 Industrial Applications
6.2.2 Commercial Applications
6.2.3 Residential Applications
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medium Voltage Surge Arresters Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medium Voltage Surge Arresters Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Medium Voltage Surge Arresters Analysis and Forecast
9.1 Introduction
9.2 North America Medium Voltage Surge Arresters Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Medium Voltage Surge Arresters Market Size Forecast by Type
9.6.1 Embedded Type
9.6.2 Wall-mount Type
9.6.3 Built-in Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Medium Voltage Surge Arresters Market Size Forecast by Applications
9.10.1 Industrial Applications
9.10.2 Commercial Applications
9.10.3 Residential Applications
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Medium Voltage Surge Arresters Analysis and Forecast
10.1 Introduction
10.2 Europe Medium Voltage Surge Arresters Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Medium Voltage Surge Arresters Market Size Forecast by Type
10.6.1 Embedded Type
10.6.2 Wall-mount Type
10.6.3 Built-in Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Medium Voltage Surge Arresters Market Size Forecast by Applications
10.10.1 Industrial Applications
10.10.2 Commercial Applications
10.10.3 Residential Applications
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Medium Voltage Surge Arresters Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medium Voltage Surge Arresters Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Medium Voltage Surge Arresters Market Size Forecast by Type
11.6.1 Embedded Type
11.6.2 Wall-mount Type
11.6.3 Built-in Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Medium Voltage Surge Arresters Market Size Forecast by Applications
11.10.1 Industrial Applications
11.10.2 Commercial Applications
11.10.3 Residential Applications
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Medium Voltage Surge Arresters Analysis and Forecast
12.1 Introduction
12.2 Latin America Medium Voltage Surge Arresters Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Medium Voltage Surge Arresters Market Size Forecast by Type
12.6.1 Embedded Type
12.6.2 Wall-mount Type
12.6.3 Built-in Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Medium Voltage Surge Arresters Market Size Forecast by Applications
12.10.1 Industrial Applications
12.10.2 Commercial Applications
12.10.3 Residential Applications
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Medium Voltage Surge Arresters Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medium Voltage Surge Arresters Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Medium Voltage Surge Arresters Market Size Forecast by Type
13.6.1 Embedded Type
13.6.2 Wall-mount Type
13.6.3 Built-in Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Medium Voltage Surge Arresters Market Size Forecast by Applications
13.10.1 Industrial Applications
13.10.2 Commercial Applications
13.10.3 Residential Applications
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medium Voltage Surge Arresters Market: Competitive Dashboard
14.2 Global Medium Voltage Surge Arresters Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Siemens
14.3.3 Eaton Corporation
14.3.4 Emerson Electric
14.3.5 Schneider Electric
14.3.6 Mitsubishi Electric Corporation
14.3.7 General Electric
14.3.8 Crompton Greaves
14.3.9 Raycap Corporation
14.3.10 Legrand
14.3.11 ABB
14.3.12 DEHN SE + Co KG
14.3.13 ZOTUP® S.r.l.
