Surge Arrester Market: Igniting Innovation through Collaborative Partnerships

[Neha Ambore]

A Global Surge Arrester Market Research Report from Emergen Research has been formulated by analyzing key business details and an extensive geographic spread of the Surge Arrester industry, encompassing key business details and extensive geographical coverage. In addition to providing crucial statistical data about the Surge Arrester market, this study covers qualitative and quantitative aspects of the Surge Arrester market. A comprehensive analysis of established and emerging players in the market is summarized in the report. The report also covers the business overview, the product portfolio, and the strategic alliances and expansion strategies of the companies.

The surge arrester market has witnessed significant growth in recent years, driven by the increasing need for protection against voltage surges and transient overvoltages in electrical systems. Surge arresters, also known as lightning arresters, are devices designed to divert excessive electrical energy caused by lightning strikes or switching operations away from sensitive equipment, thereby preventing damage and ensuring the reliability of electrical systems.

The global surge arrester market size was USD 1.66 Billion in 2022 and is expected to register a steady revenue CAGR of 4.7% during the forecast period, according to latest analysis by Emergen Research. One of the key drivers of the surge arrester market is the growing demand for reliable power supply. With the increasing reliance on electronic devices and sensitive equipment in various industries, any disruption or damage caused by voltage surges can result in significant financial losses. Surge arresters provide an effective solution to protect against such surges, ensuring uninterrupted power supply and minimizing downtime.

Another driver of the market is the increasing investments in infrastructure development. As countries invest in the expansion and modernization of their power transmission and distribution networks, the need for surge protection devices becomes crucial. Surge arresters play a vital role in safeguarding critical infrastructure, such as power plants, substations, and industrial facilities, from voltage surges that can cause equipment failure and system breakdowns.

However, the surge arrester market also faces certain restraints. One of the major challenges is the high cost associated with surge protection devices. Surge arresters require advanced technologies and high-quality materials to effectively divert and dissipate electrical energy. The cost of these components, along with the installation and maintenance expenses, can be a barrier for some end-users, particularly in developing regions with limited financial resources.

Furthermore, the surge arrester market is influenced by the regulatory landscape and standards. Governments and regulatory bodies impose strict guidelines and standards to ensure the safety and reliability of electrical systems. Compliance with these regulations can pose challenges for manufacturers, as they need to invest in research and development to meet the required specifications. Additionally, the market is also affected by the availability of counterfeit surge arresters, which can compromise the effectiveness of surge protection and pose risks to electrical systems.

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Due to movement restrictions and lockdowns due to the current COVID-19 pandemic, the growth of the Surge Arrester industry is expected to be negatively affected. In addition to the impact of the COVID-19 pandemic on numerous global markets, the Surge Arrester industry is expected to feel the effect as well. The slowdown in economic growth and dynamic changes in demand will further affect industry growth. The report covers the impact analysis of the COVID-19 pandemic on the overall Surge Arrester industry.

Radical Highlights of the Surge Arrester Market Report:

• Comprehensive overview of the Surge Arrester market along with analysis of the changing dynamics of the market
• Growth Assessment of various market segments throughout the forecast period
• Regional and global analysis of the market players, including their market share and global position
• Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
• Impact of the technological developments and R&D advancements on the Surge Arrester market
• Information about profit-making strategies and developmental strategies of major companies and manufacturers
• Insightful information for the new entrants willing to enter the market
• Details and insights about business expansion strategies, product launches, and other collaborations
• The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis

Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Surge Arrester market expected to boost the growth of the industry in the coming years.

Surge Arrester Market Segmentation:

• Type Outlook (Revenue, USD Billion; 2019-2032)

  • Station Class Surge Arresters
  • Intermediate Class Surge Arresters
  • Distribution Class Surge Arresters

• Technology Mode Outlook (Revenue, USD Billion; 2019-2032)

  • Metal-Oxide Varistors (MOV)
  • Silicon Avalanche Diodes (SAD)
  • Gas Discharge Tubes (GDT)
  • Others

• Voltage Rating Outlook (Revenue, USD Billion; 2019-2032)

  • Low Voltage (Below 1 kV)
  • Medium Voltage (1 kV - 72.5 kV)
  • High Voltage (Above 72.5 kV)

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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Surge Arrester market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

Key Companies Profiled in the Report are:

Hitachi Energy Ltd., Emerson Electric Co., Siemens, Schneider Electric, General Electric, Eaton, Wilson Transformers, Mitsubishi Electric Corporation, Bharat Heavy Electricals Limited, CG Power & Industrial Solutions Ltd., HPL, Toshiba Corporation, and Hubbell

Regional Landscape section of the Surge Arrester report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.

The various regions analyzed in the report include:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Additional information offered by the report:

• Along with a complete overview of the global Surge Arrester market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
• The report elaborates on the global Surge Arrester market size and share governed by the major geographies.
• It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
• It further presents a detailed description of the company profiles of the key market contenders.

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Highlights of Table of Contents (TOC):

• Overview of Global Surge Arrester Market
• Competitive analysis of the Surge Arrester market
• Regional analysis of Global Surge Arrester market production and revenue
• Regional analysis of Global Surge Arrester market supply, consumption, and export & import
• Type-based market analysis of global Surge Arrester production, revenue, and price trends
• Application-based analysis of the global Surge Arrester market
• Manufacturer profiles, manufacturing cost, and upstream and downstream analysis of global Surge Arrester market
• Conclusion of the research report
• Appendix

Thank you for reading our report. Please get in touch with us if you have any query regarding the report or its customization. Our team will ensure the report is best suited to your needs.

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