Global Lightning Arrester Market Size study, By Rating (Below 35 KV, 35-110 KV, Above 110 KV), By Product Type (Rod gap arrester, Horn gap arrester, Multi gap arrester, Expulsion type lightning arrester, Valve type lightning arrester, Metal oxide varistor

Global Lightning Arrester Market Size study, By Rating (Below 35 KV, 35-110 KV, Above 110 KV), By Product Type (Rod gap arrester, Horn gap arrester, Multi gap arrester, Expulsion type lightning arrester, Valve type lightning arrester, Metal oxide varistor lightning arrester, Others), By End Use (Infrastructure, Power Industry, Industrial, Municipal, Residential), and Regional Forecasts 2022-2028

Global Lightning Arrester Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. The Lightning Arrester also known as lightning isolator refers to protective devices utilized to protect buildings and industrial units such transmission and distribution networks from the damaging effects of lightning. When a lightning beam strikes, the arrester activates and transmits the lightning to the ground, where it disperses harmlessly. The growing residential construction Sector and increasing incidences of lightning losses as well as strategic initiatives from leading market players are factors that are accelerating the global market demand. For instance, according to Insurance Information Institute – in 2019, the value of Homeowners Insurance Claims and Payout for Lightning Losses in Untied States was estimated at USD 920.1 million, and the average cost per claim was estimated at USD 11,971. Moreover, in 2020 the total claims and payout increased to USD 2,066.7 million, whereas the average cost per claim increased to USD 28,885. Furthermore, leading market players are working towards capacity expansion to capitalize the increasing demand for lightning arrestor. For instance, in September 2021, Toshiba Energy Systems & Solutions announced to triple its current product capacity of polymer housed surge arresters by April 2022. Also, growing expansion of transmission and distribution infrastructure and surge in Mortality rates due to lightning strikes are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, a high initial cost and increasing penetration of alternative technologies impede the growth of the market over the forecast period of 2022-2028.

The key regions considered for the global Lightning Arrester Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing demand of lightning arrestor from different industries and presence of leading manufacturers in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as growing number of losses due to lightning strikes and rising residential construction sector in the region, would create lucrative growth prospects for the global Lightning Arrester Market across the Asia Pacific region.

Major market players included in this report are:
Eaton
ABB
Hubbell
GE Grid
Schneider Electric SE
TE Connectivity
Toshiba
Lightning Eliminators and Consultants Inc.
Hitachi Energy Ltd.
Yamuna Cable Accessories Pvt. Ltd.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Rating:
Below 35 KV
35-110 KV
Above 110 KV
By Product Type:
Rod gap arrester
Horn gap arrester
Multi gap arrester
Expulsion type lightning arrester
Valve type lightning arrester
Metal oxide varistor lightning arrester
Others
By End Use:
Infrastructure
Power Industry
Industrial
Municipal
Residential
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Lightning Arrester Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors



Companies Mentioned

Eaton
ABB
Hubbell
GE Grid
Schneider Electric SE
TE Connectivity
Toshiba
Lightning Eliminators and Consultants Inc.
Hitachi Energy Ltd.
Yamuna Cable Accessories Pvt. Ltd.

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