Global GIS Tank-Type Surge Arrester Market Growth 2023-2029

Global GIS Tank-Type Surge Arrester Market Growth 2023-2029

The global GIS Tank-Type Surge Arrester market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

The market prospect for GIS Tank-Type Surge Arresters in the electrical industry is promising. With the increasing demand for reliable and efficient electrical power systems, there is a growing need for effective surge protection devices. GIS Tank-Type Surge Arresters offer specialized surge protection within gas-insulated switchgear substations, ensuring the safety and longevity of critical equipment. As the usage of GIS substations expands, particularly in urban areas where space is limited, the demand for these surge arresters is expected to rise. Manufacturers and suppliers in the electrical protection sector have the potential to capitalize on this growing market opportunity, providing reliable and durable surge protection solutions for GIS substations.

The GIS (Gas Insulated Switchgear) Tank-Type Surge Arrester is an essential component used in electrical power systems to protect the equipment from voltage surges and transients. This surge arrester is specifically designed to be installed in GIS substations, which utilize compact switchgear systems filled with insulating gas like sulfur hexafluoride (SF6). The GIS Tank-Type Surge Arrester is installed within the GIS enclosure to provide effective surge protection. It consists of a series of metal-oxide resistors enclosed in a sealed tank, filled with a protective insulating gas. The tank is usually made of stainless steel or other corrosion-resistant materials to ensure long-term reliability in harsh environmental conditions. When a voltage surge or transient occurs in the electrical system, the GIS Tank-Type Surge Arrester rapidly conducts the excess energy to the ground, diverting it away from sensitive equipment. The metal-oxide resistors within the surge arrester have a high resistance at normal voltages, but as the voltage exceeds a specific threshold, their resistance decreases significantly, allowing the surge energy to be safely discharged into the ground. This surge arrester offers multiple advantages in GIS substations. It provides robust protection against destructive voltage spikes, minimizing the risk of damage to the GIS equipment, such as circuit breakers, transformers, and other crucial components. By preventing equipment failure and downtime, the GIS Tank-Type Surge Arrester helps maintain the reliability and longevity of the electrical power system. Furthermore, the sealed tank design of the arrester ensures its durability and reliability in harsh environmental conditions, including high humidity, pollution, and corrosive gases. It also reduces the need for regular maintenance and extends the service life of the surge arrester. In summary, the GIS Tank-Type Surge Arrester is a vital element in GIS substations, providing effective surge protection for critical electrical equipment. Its ability to rapidly divert excessive energy and withstand tough environmental conditions makes it an essential part of power system reliability and safety.

LPI (LP Information)' newest research report, the “GIS Tank-Type Surge Arrester Industry Forecast” looks at past sales and reviews total world GIS Tank-Type Surge Arrester sales in 2022, providing a comprehensive analysis by region and market sector of projected GIS Tank-Type Surge Arrester sales for 2023 through 2029. With GIS Tank-Type Surge Arrester sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world GIS Tank-Type Surge Arrester industry.

This Insight Report provides a comprehensive analysis of the global GIS Tank-Type Surge Arrester landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on GIS Tank-Type Surge Arrester portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global GIS Tank-Type Surge Arrester market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for GIS Tank-Type Surge Arrester and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global GIS Tank-Type Surge Arrester.

This report presents a comprehensive overview, market shares, and growth opportunities of GIS Tank-Type Surge Arrester market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Ultra High Voltage GIS Tank-Type Surge Arrester
High Voltage GIS Tank-Type Surge Arrester
Low Voltage GIS Tank-Type Surge Arrester

Segmentation by application
Power System
Transmission System
Distribution System
Substation System

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
GE
Mitsubishi Electric
Siemens
ABB
Hitachi
CG Power & Industrial Solutions
Chint Group
Ningbo Zhenhai Guochuang High-Voltage Electric Appliances
Xi'an Shendian Electric
Jinguan Electric

Key Questions Addressed in this Report

What is the 10-year outlook for the global GIS Tank-Type Surge Arrester market?

What factors are driving GIS Tank-Type Surge Arrester market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do GIS Tank-Type Surge Arrester market opportunities vary by end market size?

How does GIS Tank-Type Surge Arrester break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.