Market Overview:
The global surge arrester market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for surge arresters from utilities, industries, and transportation sectors. Additionally, the growing awareness about safety and security is also propelling the demand for surge arresters across the globe. Based on type, polymeric surge arresters are expected to dominate the market during the forecast period owing to their low cost and high efficiency as compared to porcelain-based arresters.
Product Definition:
A surge arrester is an electronic device used to protect electrical equipment from voltage spikes. A voltage spike is a sudden increase in the voltage of an electric current. Surge arresters are important because they protect electrical equipment from being damaged by these spikes in voltage.
Polymeric:
Polymeric materials are synthetic or artificial and are made up of carbon chains and various other organic compounds. They can be segmented into two broad categories, namely polymers & plastics and elastomers. Plastics include PVC, PE, PET, ABS & nylon while the elastomers include rubber (natural as well as synthetic), styrene-butadiene rubber (SBR), silicone rubber among others.
Porcelain:
Porcelain is a ceramic material that is widely used in electrical appliances such as surge protectors. It has high resistance to electricity and temperature, along with excellent durability. The material is also resistant to chemicals and has a lifespan of several decades.
Porcelain consists of clay minerals, which are treated at high temperatures (around 1,500°C) to produce the final product.
Application Insights:
The industries application segment accounted for the largest market share in 2017 and is projected to continue its dominance over the forecast period. The utility application segment is estimated to be one of the fastest-growing segments during the forecast period.
The rapidly growing industrial and residential sectors, especially in Asia Pacific, are resulting in an increased demand for electricity, which is a major factor driving surge arrester market growth across various applications regions. Rapid urbanization coupled with rising living standards has led to an increase in power consumption by domestic appliances such as refrigerators and washing machines. This has resulted in a rise in demand for electrical equipment that uses regular household electricity such as extension cords and power strips that result into product diversification thereby supporting surge arrester industry growth across utilities sector at global level over the coming years.
Regional Analysis:
Asia Pacific accounted for the largest share of more than 45% in 2016. The region is expected to witness significant growth over the forecast period owing to increasing demand from industries, such as utilities and oil & gas, which require high surge capacity devices. In addition, rising number of power projects in emerging economies including China and India are anticipated to drive the market growth over the forecast period.
North America was valued at USD X million in 2016 and is projected to grow at a CAGR of XX% from 2017 to 2030 owing to growing demand for energy storage systems coupled with technological advancements witnessed by end-users across various sectors including healthcare, transportation & logistics among others that have led them adopting power protection equipment in their facilities thus creating a need for surge arresters across this region as well. Moreover, presence of major players such as Eaton; Emerson Electric Co.; General Electric; Johnson Controls Inc.; Protection 1 Ltd.
Growth Factors:
- Increasing demand for surge arresters from the power sector to protect equipment and minimize downtime
- Rising investments in smart grid infrastructure
- Growing popularity of microgrids and distributed generation systems
- Proliferation of renewable energy sources such as solar and wind power
- Stringent government regulations mandating the use of surge arresters
Scope Of The Report
Report Attributes
Report Details
Report Title
Surge Arrester Market Research Report
By Type
Polymeric, Porcelain
By Application
Utilities, Industries, Transportation
By Companies
ABB, Eaton, Siemens, GE, Hubbell, TE Connectivity, Schneider Electric, Lamco, Mitsubishi Electric, CG Power, ABB, NGK Insulators
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
164
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Surge Arrester Market Report Segments:
The global Surge Arrester market is segmented on the basis of:
Types
Polymeric, Porcelain
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
Utilities, Industries, Transportation
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
- Eaton
- Siemens
- GE
- Hubbell
- TE Connectivity
- Schneider Electric
- Lamco
- Mitsubishi Electric
- CG Power
- ABB
- NGK Insulators
Highlights of The Surge Arrester 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:
- Polymeric
- Porcelain
- By Application:
- Utilities
- Industries
- Transportation
- 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 Surge Arrester 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?
A surge arrester is a device that helps protect electrical equipment from surges in power.
Some of the key players operating in the surge arrester market are ABB, Eaton, Siemens, GE, Hubbell, TE Connectivity, Schneider Electric, Lamco, Mitsubishi Electric, CG Power, ABB, NGK Insulators.
The surge arrester market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Surge Arrester 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 Surge Arrester Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Surge Arrester 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 Surge Arrester 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 Surge Arrester Market Size & Forecast, 2020-2028
4.5.1 Surge Arrester Market Size and Y-o-Y Growth
4.5.2 Surge Arrester Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Polymeric
5.2.2 Porcelain
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Utilities
6.2.2 Industries
6.2.3 Transportation
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Surge Arrester 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 Surge Arrester 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Polymeric
9.6.2 Porcelain
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 Market Size Forecast by Applications
9.10.1 Utilities
9.10.2 Industries
9.10.3 Transportation
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Polymeric
10.6.2 Porcelain
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 Market Size Forecast by Applications
10.10.1 Utilities
10.10.2 Industries
10.10.3 Transportation
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Polymeric
11.6.2 Porcelain
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 Market Size Forecast by Applications
11.10.1 Utilities
11.10.2 Industries
11.10.3 Transportation
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Polymeric
12.6.2 Porcelain
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 Market Size Forecast by Applications
12.10.1 Utilities
12.10.2 Industries
12.10.3 Transportation
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Polymeric
13.6.2 Porcelain
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) Market Size Forecast by Applications
13.10.1 Utilities
13.10.2 Industries
13.10.3 Transportation
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 Surge Arrester Market: Competitive Dashboard
14.2 Global Surge Arrester Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Eaton
14.3.3 Siemens
14.3.4 GE
14.3.5 Hubbell
14.3.6 TE Connectivity
14.3.7 Schneider Electric
14.3.8 Lamco
14.3.9 Mitsubishi Electric
14.3.10 CG Power
14.3.11 ABB
14.3.12 NGK Insulators
