Surge Arrester Market

Surge Arrester Market by Type (Polymeric, Porcelain), Voltage (Medium, High, Extra High), Class (Distribution, Intermediate, Station), End-User (Utilities, Industries, Transportation), Application and Region - Global Forecast to 2025

Report Code: EP 6148 Jan, 2021, by marketsandmarkets.com

[199 Pages Report] The global surge arrester market is projected to reach USD 1.9 billion by 2025 from an estimated USD 1.5 billion in 2020, at a CAGR of 4.9% during the forecast period. The rising demand for electricity in APAC and the growing focus on increasing renewable energy installed capacity are encouraging utilities to invest in the electricity transmission and distribution networks, as well as in electrification projects. These investments, along with investments to replace aging electric infrastructure in North America and Europe, are expected to create the demand for surge arrester market.

Surge Arrester Market

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COVID-19 Impact on the Global Surge Arrester Market

The most significant near-term impacts on surge arresters that are already contracted or under manufacturing process may be felt through supply chains. Industry executives are anticipating delivery and construction slowdowns, either because of the closure of industries to reduce the spread of coronavirus or because the workers start getting sick. Many components/parts for manufacturing surge arrester come from China, Asia Pacific, the US, and some parts of Europe. Manufacturing disruptions in China and the US could contribute to a significant short term decline in the surge arrester market.

Moreover, due to the COVID-19 outbreak, the value of the local currencies of many countries have depreciated. There is a misalignment of supply and demand, which leads to financial losses to the metal manufactures, also the key components used in manufacturing surge arrester are typically procured in US dollars, which could result in increased component costs.

Surge Arrester Market Dynamics

Drivers:Increasing investments in T&D networks to drive demand for surge arresters

Surge arresters are essential components required for the protection of electrical equipment in transmission and distribution networks. They are installed in substations, transmission lines, and other parts of electrical networks. One of the prime factors driving the surge arrester market is increasing investments in transmission & distribution (T&D) networks. Expansion and upgrade of T&D networks have a direct impact on the surge arrester market growth. According to IEA World Energy Outlook 2020, USD 2.3 trillion was invested globally in the electric network during 2012–2019, with an average annual investment of about USD 283 billion during the same period. Investment in electrical networks is necessary to reliably meet the towering electricity demands. With the growing electrification of traditionally non-electric sectors, such as transportation, due to the adoption of electric vehicles, the demand for electricity is expected to further augment during the forecast period. The rising number of electrification projects in China and India and network expansions to support renewable energy integration in the US, Europe, and other developed countries are likely to translate into heightened demand for surge arresters in the coming years.

Restraints: Presence of gray market for surge arresters

Major surge arrester manufacturers are facing tough competition from unorganized players in the market that are supplying cheap and low-quality products without authorization. These small local players sell goods manufactured in-house without proper authorization. These market players from the unorganized sector overpower the big players in terms of price competitiveness and the local supply networks maintained by them, which are difficult for global players to achieve. The growth in surge arrester sales in the gray market degrades the brand names of the market leaders as cheap-quality goods are sold under their names. The increasing sales by local players in the gray market reduce the opportunities for global players to increase their revenues

Restraints: Increasing investments in renewable energy projects and smart grids are likely to drive demand for surge arresters

Investments in renewable energy technologies have risen on a global scale in the last decade. Rapidly declining installation costs due to fast-paced technological advancements and multiple countries shifting towards green energy power generation are aiding the growth of renewable energy technologies. In new renewable energy projects, surge arresters are installed at points of connection and in substations. According to the Global Trends in Renewable Energy Investment 2020, the global annual investment in renewable energy has nearly doubled from 2009 to 2019. The global investment in renewable energy grew from USD 147 billion in 2009 to USD 282 billion in 2019, at a CAGR of 6.8% during that period. According to IEA World Energy Outlook, 2020 report,  the global wind, and solar PV installed capacity is expected to increase from 1,226 GW to 2,349 GW by 2025, growing at a CAGR of 11.4% during that period. In grid-connected renewable energy plants, a substation is erected to facilitate grid connection. Surge arresters find application in these substations. Globally, the share of renewable energy generation is increasing rapidly, and increased investment in these renewable energy projects present opportunities for surge arrester manufacturers.

Challenges: Long lead times and delays in projects pose challenges to surge arrester market growth

Power transmission and distribution projects are time-consuming and have long lead times. The larger the scale of project, the longer the duration of the transmission and distribution project. Factors such as government interventions, environmental clearances, and lengthy government approval procedures result in delays in the implementation of grid expansion projects. These delays extend the time taken to implement the grid expansion projects and affect the demand for surge arresters. The delays in grid expansion projects make production planning very challenging for surge arrester manufacturers as most extra-high-voltage surge arresters are manufactured according to the specific demands of the buyers.

Market Interconnection

Surge Arrester Market   by Interconnection

The polymeric surge arrester segment is expected to be the largest contributor to the synchronous condenser market, by type, during the forecast period

The surge arrester market is segmented, by type, into polymeric and porcelain. The polymeric segment is projected to hold the largest market share by 2025. Polymeric insulators are increasingly adopted due to their lighter weight, easy maintenance, superior performance under polluted conditions, and high energy handling capacity.

The AIS segment by application is expected to be the largest market during the forecast period

The surge arrester market, by application, is segmented into AIS, and GIS. The AIS application segment is projected to hold the largest market share by 2025. Low price and easy maintenance of AIS substations is the main reason driving the demand for surge arresters in AIS applications.

The utilities segment is expected to lead the surge arrester market by end user throughout the forecast period

The surge arrester market, by end-user, is segmented into utilities, industries, and transportation. Utilities is the major end-user industry of surge arresters owing to the fact that the sheer size of an electrical network operated by utilities is bigger compared to the industrial and transportation electric infrastructure.

Surge Arrester Market   by Region

Asia Pacifc is expected to be the largest market during the forecast period

In this report, the surge arrester market has been analyzed with respect to five regions, namely, Asia Pacifc, North America, Europe, Middle East & Africa, and South America.  Asia Pacifc is estimated to be the largest market from 2020 to 2025. Surging demand for electricity and the growing need to increase renewable power generation capacity encourage utilities in these countries to invest in transmission and distribution infrastructure. Increased investments in EHV and UHV transmission projects in China and India spur the growth of the surge arrester market in APAC.

Scope of the report

Report Metric

Details

Market size available for years

2018–2025

Base year considered

2019

Forecast period

2020–2025

Forecast units

Value (USD)

Segments covered

Type, Application, End User, Voltage, Class, and Region

Geographies covered

Asia Pacific, North America, Europe, Middle East & Africa, South America

Companies covered

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)

This research report categorizes the surge arrester market by type, application, end user, voltage, class and region.

The surge arrester market, by type, has been segmented as follows:

  • Polymeric
  • porcelain

The surge arrester market, by end user, has been segmented as follows:

  • Utilities
  • Industries
  • Transportation

The surge arrester market, by application, has been segmented as follows:

  • AIS
  • GIS

The surge arrester market, by voltage, has been segmented as follows:

  • Medium Voltage
  • High Voltage
  • Extra High Voltage

The surge arrester market, by class, has been segmented as follows:

  • Distribution Class
  • Intermediate Class
  • Station Class

The surge arrester market, by region, has been segmented as follows:

  • Asia Pacifc
  • North America
  • Europe
  • Middle East & Africa
  • South America

Recent Developments

  • In November 2020, Hitachi ABB Power Grids opened a new surge arrester factory in Xiamen, China, that incorporates the latest advanced manufacturing processes and is expected to support China's development towards a sustainable future.
  • In June 2020, Siemens Energy won a contract from the Iraqi Ministry of Electricity for the design, construction, equipment supply, and commissioning of the 400 kV Al Hamudhia substation.
  • In April 2020, Hitachi ABB Power Grids signed a 5-year framework agreement with one of the largest utilities in south America to supply gas-insulated switchgear (GIS), air-insulated switchgear (AIS), circuit breakers, instrument transformers, shunt reactors, and hybrid modules.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 26)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION AND SCOPE
           1.2.1 SURGE ARRESTER MARKET: INCLUSIONS AND EXCLUSIONS
           TABLE 1 SURGE ARRESTER MARKET, BY TYPE: INCLUSIONS AND EXCLUSIONS
           TABLE 2 SURGE ARRESTER MARKET, BY VOLTAGE: INCLUSIONS AND EXCLUSIONS
           TABLE 3 SURGE ARRESTER MARKET, BY APPLICATION: INCLUSIONS AND EXCLUSIONS
           TABLE 4 SURGE ARRESTER MARKET, BY END USER: INCLUSIONS AND EXCLUSIONS
    1.3 MARKET SCOPE
           1.3.1 MARKETS COVERED
           1.3.2 GEOGRAPHIC SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 32)
    2.1 RESEARCH DATA
           FIGURE 1 SURGE ARRESTER MARKET: RESEARCH DESIGN
    2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
           2.2.1 SECONDARY DATA
                    2.2.1.1 Key data from secondary sources
           2.2.2 PRIMARY DATA
                    2.2.2.1 Key data from primary sources
                    2.2.2.2 Breakdown of primaries
    2.3 SCOPE
           FIGURE 2 MAIN METRICS CONSIDERED WHILE CONSTRUCTING AND ASSESSING  DEMAND FOR SURGE ARRESTERS
    2.4 MARKET SIZE ESTIMATION
           2.4.1 DEMAND-SIDE ANALYSIS
           FIGURE 3 SURGE ARRESTER MARKET: REGION-WISE ANALYSIS
                    2.4.1.1 Calculation for demand-side analysis
                    2.4.1.2 Key assumptions while calculating demand-side market size
           2.4.2 SUPPLY-SIDE ANALYSIS
           FIGURE 4 SURGE ARRESTER MARKET: SUPPLY-SIDE ANALYSIS
                    2.4.2.1 Calculations for supply-side analysis
           FIGURE 5 KEY METRICS CONSIDERED FOR ASSESSING SUPPLY OF SURGE ARRESTERS
                    2.4.2.2 Assumptions while calculating supply-side market size
           FIGURE 6 COMPANY REVENUE ANALYSIS, 2019
           2.4.3 FORECAST

3 EXECUTIVE SUMMARY (Page No. - 44)
    3.1 SCENARIO ANALYSIS
           FIGURE 7 SCENARIO ANALYSIS: SURGE ARRESTER MARKET, 2018–2025
           3.1.1 OPTIMISTIC SCENARIO
           3.1.2 REALISTIC SCENARIO
           3.1.3 PESSIMISTIC SCENARIO
           TABLE 5 SURGE ARRESTER MARKET SNAPSHOT
           FIGURE 8 POLYMERIC SEGMENT TO LEAD SURGE ARRESTER MARKET, BY TYPE, DURING FORECAST PERIOD
           FIGURE 9 AIS APPLICATION TO HOLD LARGER SIZE OF SURGE ARRESTER MARKET IN 2025
           FIGURE 10 UTILITIES TO ACCOUNT FOR LARGEST SIZE OF SURGE ARRESTER MARKET,  BY END USER, THROUGHOUT FORECAST PERIOD
           FIGURE 11 MEDIUM VOLTAGE SEGMENT TO COMMAND SURGE ARRESTER MARKET,  BY VOLTAGE, FROM 2020 TO 2025
           FIGURE 12 DISTRIBUTION CLASS TO LEAD SURGE ARRESTER MARKET DURING  FORECAST PERIOD
           FIGURE 13 NORTH AMERICA TO EXHIBIT HIGHEST CAGR IN SURGE ARRESTER MARKET DURING 2020–2025

4 PREMIUM INSIGHTS (Page No. - 52)
    4.1 ATTRACTIVE OPPORTUNITIES IN SURGE ARRESTER MARKET
           FIGURE 14 RENEWABLE ENERGY ADOPTION AND ELECTRIFICATION OF TRANSPORTATION SECTOR ARE EXPECTED TO DRIVE SURGE ARRESTER MARKET GROWTH,  2020–2025
    4.2 SURGE ARRESTER MARKET, BY REGION
           FIGURE 15 NORTH AMERICAN SURGE ARRESTER MARKET, BY REGION, TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    4.3 SURGE ARRESTER MARKET, BY TYPE
           FIGURE 16 POLYMERIC SEGMENT DOMINATED SURGE ARRESTER MARKET, BY TYPE, IN 2019 53
    4.4 SURGE ARRESTER MARKET, BY APPLICATION
           FIGURE 17 AIS APPLICATIONS DOMINATED SURGE ARRESTER MARKET, BY APPLICATION,  IN 2019
    4.5 SURGE ARRESTER MARKET, BY END USER
           FIGURE 18 UTILITIES HELD LARGEST SHARE OF SURGE ARRESTER MARKET, BY END USER, IN 2019
    4.6 SURGE ARRESTER MARKET, BY VOLTAGE
           FIGURE 19 MEDIUM-VOLTAGE SURGE ARRESTERS CAPTURED LARGEST MARKET SHARE IN 2019
    4.7 SURGE ARRESTER MARKET, BY CLASS
           FIGURE 20 DISTRIBUTION CLASS LED SURGE ARRESTER MARKET IN 2019

5 MARKET OVERVIEW (Page No. - 56)
    5.1 INTRODUCTION
    5.2 COVID-19 HEALTH ASSESSMENT
           FIGURE 21 COVID-19 GLOBAL PROPAGATION
           FIGURE 22 COVID-19 PROPAGATION IN SELECTED COUNTRIES
    5.3 GLOBAL ROAD TO RECOVERY FROM COVID-19
           FIGURE 23 GLOBAL RECOVERY ROAD FROM COVID-19 FROM 2020 TO 2021
    5.4 COVID-19 ECONOMIC ASSESSMENT
           FIGURE 24 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020
    5.5 MARKET DYNAMICS
           FIGURE 25 SURGE ARRESTER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,  AND CHALLENGES
           5.5.1 DRIVERS
                    5.5.1.1 Increasing investments in T&D networks
           FIGURE 26 ELECTRICITY NETWORKS INVESTMENT, 2012–2019 (USD BILLION)
                    5.5.1.2 Growing demand for reliable and continuous power supply
                    5.5.1.3 Increasing focus on replacing  aging equipment in power infrastructure
           FIGURE 27 US ELECTRICITY NETWORKS INVESTMENT, 2012–2019 (USD BILLION)
           5.5.2 RESTRAINTS
                    5.5.2.1 Presence of gray market for surge arresters
           5.5.3 OPPORTUNITIES
                    5.5.3.1 Increasing investments in renewable energy projects and smart grids
           FIGURE 28 GLOBAL INVESTMENTS IN RENEWABLE ENERGY CAPACITY,  2009–2019 (USD BILLION)
                    5.5.3.2 Growing investments in cross-border power transmission projects
           5.5.4 CHALLENGES
                    5.5.4.1 Long lead times and delays in projects pose challenges to surge arrester market growth
                    5.5.4.2 Supply chain disruptions due to COVID-19
    5.6 YC-SHIFT
           5.6.1 REVENUE SHIFT AND NEW REVENUE POCKETS
           FIGURE 29 REVENUE SHIFT FOR SURGE ARRESTERS
    5.7 MARKET MAP
           FIGURE 30 MARKET MAP FOR SURGE ARRESTERS
    5.8 AVERAGE SELLING PRICE TREND
           FIGURE 31 AVERAGE SELLING PRICE OF SURGE ARRESTERS
    5.9 SUPPLY CHAIN ANALYSIS
           FIGURE 32 SURGE ARRESTER SUPPLY CHAIN ANALYSIS
           5.9.1 RAW MATERIAL SUPPLIERS
           5.9.2 MANUFACTURERS
           5.9.3 END USERS
    5.1 TECHNOLOGY ANALYSIS
    5.11 TRADE DATA STATISTICS
           TABLE 6 COUNTRY-WISE IMPORT, 2018 AND 2019 (IN USD)
           TABLE 7 COUNTRY-WISE EXPORT, 2018 AND 2019 (IN USD)
    5.12 SURGE ARRESTERS: CODES AND REGULATIONS
    5.13 CASE STUDY ANALYSIS
           5.13.1 USE OF SURGE ARRESTERS BY HYDRO ONE
                    5.13.1.1 Problem statement
                    5.13.1.2 Solution
    5.14 PORTER’S FIVE FORCES ANALYSIS
           FIGURE 33 PORTER’S FIVE FORCES ANALYSIS
           5.14.1 THREAT OF SUBSTITUTES
           5.14.2 BARGAINING POWER OF SUPPLIERS
           5.14.3 BARGAINING POWER OF BUYERS
           5.14.4 THREAT OF NEW ENTRANTS
           5.14.5 INTENSITY OF COMPETITIVE RIVALRY

6 SURGE ARRESTER MARKET, BY TYPE (Page No. - 74)
    6.1 INTRODUCTION
           FIGURE 34 POLYMERIC SEGMENT ACCOUNTED FOR LARGER SHARE OF SURGE ARRESTER MARKET, IN TERMS OF VALUE, IN 2019
           TABLE 8 SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (USD MILLION)
           TABLE 9 SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (THOUSAND UNITS)
    6.2 POLYMERIC
           6.2.1 EASY INSTALLATION AND SUPERIOR PERFORMANCE UNDER POLLUTED CONDITIONS BOOST DEMAND FOR POLYMERIC SURGE ARRESTERS GLOBALLY
           TABLE 10 POLYMERIC: SURGE ARRESTER MARKET, BY REGION, 2018–2025 (USD MILLION)
    6.3 PORCELAIN
           6.3.1 LOW PRICE, HIGH MECHANICAL STRENGTH, AND HIGH STABILITY CONTRIBUTE TO SUSTAINED USE OF PORCELAIN SURGE ARRESTERS
           TABLE 11 PORCELAIN: SURGE ARRESTER MARKET, BY REGION, 2018–2025 (USD MILLION)

7 SURGE ARRESTER MARKET, BY APPLICATION (Page No. - 78)
    7.1 INTRODUCTION
           FIGURE 35 AIS SEGMENT ACCOUNTED FOR LARGER SHARE OF SURGE ARRESTER MARKET, IN TERMS OF VALUE, IN 2019
           TABLE 12 SURGE ARRESTER MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
           TABLE 13 SURGE ARRESTER MARKET, BY APPLICATION, 2018–2025 (THOUSAND UNITS)
    7.2 GIS
           7.2.1 AVAILABILITY OF LIMITED SPACE, COUPLED WITH SUPERIOR ELECTRICAL PERFORMANCE OF SF6, TO BOOST DEMAND FOR SURGE ARRESTERS IN GIS SUBSTATIONS
           TABLE 14 GIS: SURGE ARRESTER MARKET, BY REGION, 2018–2025 (USD MILLION)
    7.3 AIS
           7.3.1 GROWTH OF AIS DRIVEN BY THEIR LOW INSTALLATION COST AND EASY MAINTENANCE
           TABLE 15 AIS: SURGE ARRESTER MARKET, BY REGION, 2018–2025 (USD MILLION)

8 SURGE ARRESTER MARKET, BY END USER (Page No. - 83)
    8.1 INTRODUCTION
           FIGURE 36 UTILITIES SEGMENT ACCOUNTED FOR LARGEST SHARE OF SURGE ARRESTER MARKET, IN TERMS OF VALUE, IN 2019
           TABLE 16 SURGE ARRESTER MARKET, BY END USER, 2018–2025 (USD MILLION)
           TABLE 17 SURGE ARRESTER MARKET, BY END USER, 2018–2025 (THOUSAND UNITS)
    8.2 UTILITIES
           8.2.1 INCREASED REQUIREMENT FOR RELIABLE AND CONTINUOUS POWER SUPPLY TO FUEL DEMAND FOR SURGE ARRESTERS
           TABLE 18 UTILITIES: SURGE ARRESTER MARKET, BY REGION, 2018–2025 (USD MILLION)
    8.3 INDUSTRIES
           8.3.1 ESCALATED NEED FOR UNINTERRUPTED POWER DELIVERY AND PROTECTION FROM EXTERNAL SURGES TO BOOST DEMAND FOR SURGE ARRESTERS
           TABLE 19 INDUSTRIES: SURGE ARRESTER MARKET, BY REGION, 2018–2025 (USD MILLION)
    8.4 TRANSPORTATION
           8.4.1 HUGE INVESTMENTS IN RAILWAY ELECTRIFICATION AND NEW METRO RAIL PROJECTS TO FOSTER MARKET GROWTH
           TABLE 20 TRANSPORTATION: SURGE ARRESTER MARKET, BY REGION, 2018–2025 (USD MILLION)

9 SURGE ARRESTER MARKET, BY VOLTAGE (Page No. - 88)
    9.1 INTRODUCTION
           FIGURE 37 MEDIUM VOLTAGE SEGMENT ACCOUNTED FOR LARGER SHARE OF SURGE ARRESTER MARKET, IN TERMS OF VALUE, IN 2019
           TABLE 21 SURGE ARRESTER MARKET, BY VOLTAGE, 2018–2025 (USD MILLION)
           TABLE 22 SURGE ARRESTER MARKET, BY VOLTAGE, 2018–2025 (THOUSAND UNITS)
    9.2 MEDIUM VOLTAGE
           9.2.1 INVESTMENTS IN GRID MODIFICATION AND ELECTRIFICATION PROJECTS TO DRIVE GLOBAL DEMAND FOR MEDIUM-VOLTAGE SURGE ARRESTERS
           TABLE 23 MEDIUM VOLTAGE: SURGE ARRESTER MARKET, BY REGION, 2018–2025 (USD MILLION)
    9.3 HIGH VOLTAGE
           9.3.1 T&D INVESTMENTS IN ASIA PACIFIC TO MEET GROWING ENERGY DEMAND LIKELY TO ACCELERATE MARKET GROWTH
           TABLE 24 HIGH VOLTAGE: SURGE ARRESTER MARKET, BY REGION, 2018–2025 (USD MILLION)
    9.4 EXTRA HIGH VOLTAGE
           9.4.1 FUNDING FOR UHV AND EHV POWER LINES IN CHINA AND INDIA TO PROPEL MARKET GROWTH
           TABLE 25 EXTRA HIGH VOLTAGE: SURGE ARRESTER MARKET, BY REGION,  2018–2025 (USD MILLION)

10 SURGE ARRESTER MARKET, BY CLASS (Page No. - 93)
     10.1 INTRODUCTION
           FIGURE 38 DISTRIBUTION CLASS ACCOUNTED FOR LARGEST SHARE OF SURGE ARRESTER MARKET, IN TERMS OF VALUE, IN 2019
           TABLE 26 SURGE ARRESTER MARKET, BY CLASS, 2018–2025 (USD MILLION)
           TABLE 27 SURGE ARRESTER MARKET, BY CLASS, 2018–2025 (THOUSAND UNITS)
     10.2 DISTRIBUTION CLASS
             10.2.1 SUSTAINED IMPROVEMENT AND INVESTMENTS IN BUILDING INDUSTRIAL INFRASTRUCTURE TO SPUR GROWTH OF MARKET FOR POWER DISTRIBUTION SURGE ARRESTERS
           TABLE 28 DISTRIBUTION CLASS: SURGE ARRESTER MARKET, BY REGION,  2018–2025 (USD MILLION)
     10.3 INTERMEDIATE CLASS
             10.3.1 SIGNIFICANT INVESTMENTS IN RENEWABLE ENERGY PROJECTS TO BOOST DEMAND FOR INTERMEDIATE-CLASS SURGE ARRESTERS
           TABLE 29 INTERMEDIATE CLASS: SURGE ARRESTER MARKET, BY REGION,  2018–2025 (USD MILLION)
     10.4 STATION CLASS
             10.4.1 SUBSTANTIAL INVESTMENTS IN LARGE-SCALE EHV AND UHV PROJECTS TO BOOST DEMAND FOR STATION-CLASS SURGE ARRESTERS
           TABLE 30 STATION CLASS: SURGE ARRESTER MARKET, BY REGION, 2018–2025 (USD MILLION)

11 SURGE ARRESTER MARKET, BY REGION (Page No. - 98)
     11.1 INTRODUCTION
           FIGURE 39 NORTH AMERICA TO WITNESS HIGHEST CAGR IN SURGE ARRESTER MARKET FROM 2020 TO 2025
           FIGURE 40 SURGE ARRESTER MARKET SHARE IN TERMS OF VALUE, BY REGION, 2019
           TABLE 31 SURGE ARRESTER MARKET, BY REGION, 2018–2025 (USD MILLION)
           TABLE 32 SURGE ARRESTER MARKET, BY REGION, 2018–2025 (THOUSAND UNITS)
     11.2 NORTH AMERICA
             11.2.1 IMPACT OF COVID-19 ON SURGE ARRESTER MARKET IN NORTH AMERICA
           TABLE 33 NORTH AMERICA: SURGE ARRESTER MARKET, BY SCENARIO ANALYSIS,  2018–2025 (USD MILLION)
           FIGURE 41 NORTH AMERICA: SURGE ARRESTER MARKET SCENARIO ANALYSIS
           FIGURE 42 SNAPSHOT: SURGE ARRESTER MARKET IN NORTH AMERICA
             11.2.2 BY TYPE
           TABLE 34 NORTH AMERICA: SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (USD MILLION)
             11.2.3 BY APPLICATION
           TABLE 35 NORTH AMERICA: SURGE ARRESTER MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
             11.2.4 BY END USER
           TABLE 36 NORTH AMERICA: SURGE ARRESTER MARKET, BY END USER, 2018–2025 (USD MILLION)
             11.2.5 BY VOLTAGE
           TABLE 37 NORTH AMERICA: SURGE ARRESTER MARKET, BY VOLTAGE, 2018–2025 (USD MILLION)
             11.2.6 BY CLASS
           TABLE 38 NORTH AMERICA: SURGE ARRESTER MARKET, BY CLASS, 2018–2025 (USD MILLION)
             11.2.7 BY COUNTRY
           TABLE 39 NORTH AMERICA: SURGE ARRESTER MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
                        11.2.7.1 US
                                     11.2.7.1.1 Large-scale investments to improve reliability and capacity of T&D networks to propel market growth in US
                                     11.2.7.1.2 By type
           TABLE 40 US: SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                     11.2.7.1.3 By application
           TABLE 41 US: SURGE ARRESTER MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
                        11.2.7.2 Canada
                                     11.2.7.2.1 Strong government initiative, coupled with significant investments in refurbishing existing electricity infrastructure, to support market growth
                                     11.2.7.2.2 By type
           TABLE 42 CANADA: SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                     11.2.7.2.3 By application
           TABLE 43 CANADA: SURGE ARRESTER MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
                        11.2.7.3 Mexico
                                     11.2.7.3.1 Increased T&D investments to meet rising electricity requirement driving demand for surge arresters
                                     11.2.7.3.2 By type
           TABLE 44 MEXICO: SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                     11.2.7.3.3 By application
           TABLE 45 MEXICO: SURGE ARRESTER MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
     11.3 ASIA PACIFIC
             11.3.1 IMPACT OF COVID-19 ON SURGE ARRESTER MARKET IN ASIA PACIFIC
           TABLE 46 ASIA PACIFIC: SURGE ARRESTER MARKET, BY SCENARIO ANALYSIS,  2018–2025 (USD MILLION)
           FIGURE 43 ASIA PACIFIC: SURGE ARRESTER MARKET SCENARIO ANALYSIS
           FIGURE 44 SNAPSHOT: SURGE ARRESTER MARKET IN ASIA PACIFIC
             11.3.2 BY TYPE
           TABLE 47 ASIA PACIFIC: SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (USD MILLION)
             11.3.3 BY APPLICATION
           TABLE 48 ASIA PACIFIC: SURGE ARRESTER MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
             11.3.4 BY END USER
           TABLE 49 ASIA PACIFIC: SURGE ARRESTER MARKET, BY END USER, 2018–2025 (USD MILLION)
             11.3.5 BY VOLTAGE
           TABLE 50 ASIA PACIFIC: SURGE ARRESTER MARKET, BY VOLTAGE, 2018–2025 (USD MILLION)
             11.3.6 BY CLASS
           TABLE 51 ASIA PACIFIC: SURGE ARRESTER MARKET, BY CLASS, 2018–2025 (USD MILLION)
             11.3.7 BY COUNTRY
           TABLE 52 ASIA PACIFIC: SURGE ARRESTER MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
                        11.3.7.1 China
                                     11.3.7.1.1 Increasing investments in renewable energy and UHV transmission projects to drive market growth in China
                                     11.3.7.1.2 By type
           TABLE 53 CHINA: SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                     11.3.7.1.3 By application
           TABLE 54 CHINA: SURGE ARRESTER MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
                        11.3.7.2 India
                                     11.3.7.2.1 Surging need for strong transmission infrastructure to meet bulk power evacuation requirement to boost demand for surge arresters
                                     11.3.7.2.2 By type
           TABLE 55 INDIA: SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                     11.3.7.2.3 By application
           TABLE 56 INDIA: SURGE ARRESTER MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
                        11.3.7.3 Australia
                                     11.3.7.3.1 Rising focus on increasing power generation capacity, along with substantial investment in expansion of T&D networks and transportation projects, to push market growth
                                     11.3.7.3.2 By type
           TABLE 57 AUSTRALIA: SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                     11.3.7.3.3 By application
           TABLE 58 AUSTRALIA: SURGE ARRESTER MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
                        11.3.7.4 Japan
                                     11.3.7.4.1 Growing number of projects pertaining to power transmission and distribution networks and renewable energy generation to create need for adoption of surge arresters
                                     11.3.7.4.2 By type
           TABLE 59 JAPAN: SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                     11.3.7.4.3 By application
           TABLE 60 JAPAN: SURGE ARRESTER MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
                        11.3.7.5 South Korea
                                     11.3.7.5.1 Planned transmission and distribution network investments to fuel market growth in South Korea
                                     11.3.7.5.2 By type
           TABLE 61 SOUTH KOREA: SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                     11.3.7.5.3 By application
           TABLE 62 SOUTH KOREA: SURGE ARRESTER MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
                        11.3.7.6 Rest of Asia Pacific
                                     11.3.7.6.1 By type
           TABLE 63 REST OF ASIA PACIFIC: SURGE ARRESTER MARKET, BY TYPE,  2018–2025 (USD MILLION)
                                     11.3.7.6.2 By application
           TABLE 64 REST OF ASIA PACIFIC: SURGE ARRESTER MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
     11.4 EUROPE
             11.4.1 IMPACT OF COVID-19 ON SURGE ARRESTER MARKET IN EUROPE
           TABLE 65 EUROPE: SURGE ARRESTER MARKET, BY SCENARIO ANALYSIS,  2018–2025 (USD MILLION)
           FIGURE 45 EUROPE: SURGE ARRESTER MARKET SCENARIO ANALYSIS
             11.4.2 BY TYPE
           TABLE 66 EUROPE: SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (USD MILLION)
             11.4.3 BY APPLICATION
           TABLE 67 EUROPE: SURGE ARRESTER MARKET, BY APPLICATION,2018–2025 (USD MILLION)
             11.4.4 BY END USER
           TABLE 68 EUROPE: SURGE ARRESTER MARKET, BY END USER, 2018–2025 (USD MILLION)
             11.4.5 BY VOLTAGE
           TABLE 69 EUROPE: SURGE ARRESTER MARKET, BY VOLTAGE,2018–2025 (USD MILLION)
             11.4.6 BY CLASS
           TABLE 70 EUROPE: SURGE ARRESTER MARKET, BY CLASS, 2018–2025 (USD MILLION)
             11.4.7 BY COUNTRY
           TABLE 71 EUROPE: SURGE ARRESTER MARKET, BY COUNTRY,2018–2025 (USD MILLION)
                        11.4.7.1 Germany
                                     11.4.7.1.1 Planned T&D investments to support renewable energy generation and cross-border power exchange to push market growth
                                     11.4.7.1.2 By type
           TABLE 72 GERMANY: SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                     11.4.7.1.3 By application
           TABLE 73 GERMANY: SURGE ARRESTER MARKET, BY APPLICATION,2018–2025 (USD MILLION)
                        11.4.7.2 Russia
                                     11.4.7.2.1 Substantial investments under new long-term development plan 2020–24 in Russia to create growth opportunity for surge arrester market
                                     11.4.7.2.2 By type
           TABLE 74 RUSSIA: SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                     11.4.7.2.3 By application
           TABLE 75 RUSSIA: SURGE ARRESTER MARKET, BY APPLICATION,2018–2025 (USD MILLION)
                        11.4.7.3 UK
                                     11.4.7.3.1 Increased investments in T&D networks to eliminate outages due to lightning surges in UK to drive market growth
                                     11.4.7.3.2 By type
           TABLE 76 UK: SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                     11.4.7.3.3 By application
           TABLE 77 UK: SURGE ARRESTER MARKET, BY APPLICATION,2018–2025 (USD MILLION)
                        11.4.7.4 France
                                     11.4.7.4.1 Large-scale grid investments by RTE in France to fuel surge arrester market growth
                                     11.4.7.4.2 By type
           TABLE 78 FRANCE: SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                     11.4.7.4.3 By application
           TABLE 79 FRANCE: SURGE ARRESTER MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
                        11.4.7.5 Rest of Europe
                                     11.4.7.5.1 By type
           TABLE 80 REST OF EUROPE: SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                     11.4.7.5.2 By application
           TABLE 81 REST OF EUROPE: SURGE ARRESTER MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
     11.5 MIDDLE EAST & AFRICA
             11.5.1 IMPACT OF COVID-19 ON SURGE ARRESTER MARKET IN MIDDLE EAST & AFRICA
           TABLE 82 MIDDLE EAST & AFRICA: SURGE ARRESTER MARKET, SCENARIO ANALYSIS,  2018–2025 (USD MILLION)
           FIGURE 46 MIDDLE EAST & AFRICA: SURGE ARRESTER MARKET SCENARIO ANALYSIS
             11.5.2 BY TYPE
           TABLE 83 MIDDLE EAST & AFRICA: SURGE ARRESTER MARKET, BY TYPE,  2018–2025 (USD MILLION)
             11.5.3 BY APPLICATION
           TABLE 84 MIDDLE EAST & AFRICA: SURGE ARRESTER MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
             11.5.4 BY END USER
           TABLE 85 MIDDLE EAST & AFRICA: SURGE ARRESTER MARKET, BY END USER,  2018–2025 (USD MILLION)
             11.5.5 BY VOLTAGE
           TABLE 86 MIDDLE EAST & AFRICA: SURGE ARRESTER MARKET, BY VOLTAGE,  2018–2025 (USD MILLION)
             11.5.6 BY CLASS
           TABLE 87 MIDDLE EAST & AFRICA: SURGE ARRESTER MARKET, BY CLASS,  2018–2025 (USD MILLION)
             11.5.7 BY COUNTRY
           TABLE 88 MIDDLE EAST & AFRICA: SURGE ARRESTER MARKET, BY COUNTRY,  2018–2025 (USD MILLION)
                        11.5.7.1 Saudi Arabia
                                     11.5.7.1.1 Significant T&D investments in Saudi Arabia to meet increased demand for renewable energy and electricity to drive growth
                                     11.5.7.1.2 By type
           TABLE 89 SAUDI ARABIA: SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                     11.5.7.1.3 By application
           TABLE 90 SAUDI ARABIA: SURGE ARRESTER MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
                        11.5.7.2 UAE
                                     11.5.7.2.1 Strong focus on completion of renewable energy projects to contribute most to market growth
                                     11.5.7.2.2 By type
           TABLE 91 UAE: SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                     11.5.7.2.3 By application
           TABLE 92 UAE: SURGE ARRESTER MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
                        11.5.7.3 South Africa
                                     11.5.7.3.1 Huge investments in Transmission Ten-Year Plan proposed by Eskom foster market growth in South Africa
                                     11.5.7.3.2 By type
           TABLE 93 SOUTH AFRICA: SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                     11.5.7.3.3 By application
           TABLE 94 SOUTH AFRICA: SURGE ARRESTER MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
                        11.5.7.4 Nigeria
                                     11.5.7.4.1 Increased investments in T&D projects to meet growing electricity demand
                                     11.5.7.4.2 By type
           TABLE 95 NIGERIA: SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                     11.5.7.4.3 By Application
           TABLE 96 NIGERIA: SURGE ARRESTER MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
                        11.5.7.5 Rest of Middle East
                                     11.5.7.5.1 By type
           TABLE 97 REST OF MIDDLE EAST & AFRICA: SURGE ARRESTER MARKET, BY TYPE,  2018–2025 (USD MILLION)
                                     11.5.7.5.2 By application
           TABLE 98 REST OF MIDDLE EAST: SURGE ARRESTER MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
     11.6 SOUTH AMERICA
             11.6.1 IMPACT OF COVID-19 ON SURGE ARRESTER MARKET IN SOUTH AMERICA
           TABLE 99 SOUTH AMERICA: SURGE ARRESTER MARKET, SCENARIO ANALYSIS,  2018–2025 (USD MILLION)
           FIGURE 47 SOUTH AMERICA: SURGE ARRESTER MARKET SCENARIO ANALYSIS
             11.6.2 BY TYPE
           TABLE 100 SOUTH AMERICA: SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (USD MILLION)
             11.6.3 BY APPLICATION
           TABLE 101 SOUTH AMERICA: SURGE ARRESTER MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
             11.6.4 BY END USER
           TABLE 102 SOUTH AMERICA: SURGE ARRESTER MARKET, BY END USER, 2018–2025 (USD MILLION)
             11.6.5 VOLTAGE
           TABLE 103 SOUTH AMERICA: SURGE ARRESTER MARKET, BY VOLTAGE, 2018–2025 (USD MILLION)
             11.6.6 CLASS
           TABLE 104 SOUTH AMERICA: SURGE ARRESTER MARKET, BY CLASS, 2018–2025 (USD MILLION)
             11.6.7 BY COUNTRY
           TABLE 105 SOUTH AMERICA: SURGE ARRESTER MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
                        11.6.7.1 Brazil
                                     11.6.7.1.1 Increased focus on grid modernization to meet growing electricity demand to drive market growth in Brazil
                                     11.6.7.1.2 By type
           TABLE 106 BRAZIL: SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                     11.6.7.1.3 By application
           TABLE 107 BRAZIL: SURGE ARRESTER MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
                        11.6.7.2 Argentina
                                     11.6.7.2.1 Significant infrastructure investments to offset economic damages induced by COVID-19 to create opportunity for surge arrester market in Argentina
                                     11.6.7.2.2 By type
           TABLE 108 ARGENTINA: SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                     11.6.7.2.3 By application
           TABLE 109 ARGENTINA: SURGE ARRESTER MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
                        11.6.7.3 Rest of South America
                                     11.6.7.3.1 By type
           TABLE 110 REST OF SOUTH AMERICA: SURGE ARRESTER MARKET, BY TYPE,  2018–2025 (USD MILLION)
                                     11.6.7.3.2 By application
           TABLE 111 REST OF SOUTH AMERICA: SURGE ARRESTER MARKET, BY APPLICATION,  2018–2025 (USD MILLION)

12 COMPETITIVE LANDSCAPE (Page No. - 148)
     12.1 OVERVIEW
           FIGURE 48 KEY DEVELOPMENTS IN SURGE ARRESTER MARKET DURING 2017–2020
     12.2 MARKET EVALUATION FRAMEWORK
           FIGURE 49 MARKET EVALUATION FRAMEWORK, 2017–2020
     12.3 COMPANY EVALUATION QUADRANT
             12.3.1 STAR
             12.3.2 EMERGING LEADERS
             12.3.3 PERVASIVE
             12.3.4 EMERGING COMPANIES
           FIGURE 50 COMPETITIVE LEADERSHIP MAPPING: SURGE ARRESTER MARKET, 2019
     12.4 MARKET SHARE OF KEY PLAYERS, 2019
           FIGURE 51 SHARE ANALYSIS OF TOP PLAYERS IN SURGE ARRESTER MARKET, 2019
     12.5 RANKING AND REVENUE ANALYSIS OF TOP 5 MARKET PLAYER
           FIGURE 52 RANKING OF TOP PLAYERS IN SURGE ARRESTER MARKET, 2019
           FIGURE 53 REVENUE ANALYSIS OF SURGE ARRESTER MANUFACTURERS, 2015–2019
     12.6 COMPETITIVE SCENARIO
             12.6.1 INVESTMENTS & EXPANSIONS
             12.6.2 CONTRACTS & AGREEMENTS
             12.6.3 MERGERS & ACQUISITIONS
             12.6.4 JOINT VENTURES

13 COMPANY PROFILES (Page No. - 157)
(Business and financial overview, Products offered, Recent Developments, MNM view)* 
     13.1 HITACHI ABB POWER GRIDS
           FIGURE 54 HITACHI ABB POWER GRIDS: COMPANY SNAPSHOT
     13.2 SIEMENS ENERGY
           FIGURE 55 SIEMENS ENERGY: COMPANY SNAPSHOT
     13.3 GENERAL ELECTRIC (GE)
           FIGURE 56 GE: COMPANY SNAPSHOT
     13.4 EATON
           FIGURE 57 EATON: COMPANY SNAPSHOT
     13.5 HUBBELL
           FIGURE 58 HUBBELL: COMPANY SNAPSHOT
     13.6 SCHNEIDER ELECTRIC
           FIGURE 59 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
     13.7 CG POWER AND INDUSTRIAL SOLUTIONS
           FIGURE 60 CG POWER AND INDUSTRIAL SOLUTIONS: COMPANY SNAPSHOT
     13.8 MITSUBISHI ELECTRIC
           FIGURE 61 MITSUBISHI ELECTRIC: COMPANY SNAPSHOT
     13.9 TE CONNECTIVITY
           FIGURE 62 TE CONNECTIVITY: COMPANY SNAPSHOT
     13.10 MEIDENSHA
           FIGURE 63 MEIDENSHA: COMPANY SNAPSHOT
     13.11 ELPRO INTERNATIONAL
           FIGURE 64 ELPRO INTERNATIONAL: COMPANY SNAPSHOT
     13.12 LAMCO INDUSTRIES
     13.13 OBLUM ELECTRICAL INDUSTRIES
     13.14 ELEKTROLITES
     13.15 DEHN INTERNATIONAL
     13.16 TOSHIBA
     13.17 HM CORPORATION
     13.18 ENSTO
     13.19 ZHEJIANG HAIVO ELECTRICAL
     13.20 NGK INSULATORS
     13.21 LIST OF OTHER SURGE ARRESTER MANUFACTURERS
*Details on Business and financial overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies. 

14 APPENDIX (Page No. - 192)
     14.1 INSIGHTS OF INDUSTRY EXPERTS
     14.2 DISCUSSION GUIDE
     14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.4 AVAILABLE CUSTOMIZATIONS
     14.5 RELATED REPORTS
     14.6 AUTHOR DETAILS

 

This study involved four major activities in estimating the current size of the surge arrester market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were used to estimate the total market size. After that, the market breakdown and data triangulation were done to estimate the market size of the segments and sub-segments.

Secondary Research

This research study involved extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the global surge arrester market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases. 

Primary Research

The surge arrester market comprises several stakeholders, such as end-product manufacturers, service providers, and end-users in the supply chain. This market's demand-side is characterized by its end-users, such as utilities, industries, railway & metro companies, among others. The supply-side is characterized by surge arrester manufacturers and others. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is given below:

Surge Arrester Market  Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the global surge arrester market and its dependent submarkets. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following:

  • The industry and market's key players have been identified through extensive secondary research, and their market share in the respective regions has been determined through both primary and secondary research.
  • In terms of value, the industry’s supply chain and market size have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Global Surge Arrester Market Size: Top-Down Approach

Surge Arrester Market  Size, Top-Down Approach

Data Triangulation

After arriving at the overall market size-using the market size estimation processes as explained above-the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To define and describe the global surge arrester market by type, application, end user, voltage, class, and region.
  • To provide detailed information about the major factors influencing the market (drivers, restraints, opportunities, and industry-specific challenges).
  • To strategically analyze the global surge arrester market with respect to individual growth trends, future expansions, and each segment's contribution to the market.
  • The impact of the COVID-19 pandemic on the surge arrester market has been analyzed to estimate the market size.
  • To analyze market opportunities for stakeholders and details of the competitive landscape for market leaders.
  • To forecast the growth of the global surge arrester market with respect to the main regions (Asia Pacific, North America, Europe, Middle East & Africa, and South America).
  • To profile and rank key players and comprehensively analyze their market share.
  • To analyze competitive developments such as contracts & agreements, product launches, and mergers & acquisitions in the surge arrester market.

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Company Information

  • Detailed analyses and profiling of additional market players (up to 5)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Surge Arrester Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Surge Arrester Market

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