High Voltage Surge Arrester Market Report: Trends, Forecast and Competitive Analysis to 2030

High Voltage Surge Arrester Market Report: Trends, Forecast and Competitive Analysis to 2030

High Voltage Surge Arrester Trends and Forecast

The future of the global high voltage surge arrester market looks promising with opportunities in the industrial and commercial sectors. The global high voltage surge arrester market is expected to reach an estimated $0.8 billion by 2030 with a CAGR of 5.6% from 2024 to 2030. The major drivers for this market are increasing adoption of renewable energy sources, rising reconstructional activities among aging power infrastructure, and growing demand for reliable and uninterrupted power supply.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

High Voltage Surge Arrester by Segment

The study includes a forecast for the global high voltage surge arrester by product type, application, and region.

High Voltage Surge Arrester Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

• Embedded Type
• Wall-Mount Type

High Voltage Surge Arrester Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Industrial
• Commercial
• Others

High Voltage Surge Arrester Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of High Voltage Surge Arrester Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies high voltage surge arrester companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the high voltage surge arrester companies profiled in this report include-

• ABB
• Siemens
• Eaton
• Emerson Electric
• Schneider Electric
• Mitsubishi Electric
• General Electric
• Crompton Greaves
• Raycap
• Legrand

High Voltage Surge Arrester Market Insights

Lucintel forecasts that wall-mount is expected to witness higher growth over the forecast period.

APAC will remain the largest region due to rapid urbanization and industrialization, significant demand for high voltage surge arrester from the power and renewable energy sectors, and growing investments in smart grid technologies in the region.

Features of the Global High Voltage Surge Arrester Market

Market Size Estimates: High voltage surge arrester market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: High voltage surge arrester market size by product type, application, and region in terms of value ($B).

Regional Analysis: High voltage surge arrester market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product types, applications, and regions for the high voltage surge arrester market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the high voltage surge arrester market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q.1 What is the high voltage surge arrester market size?

Answer: The global high voltage surge arrester market is expected to reach an estimated $0.8 billion by 2030.

Q.2 What is the growth forecast for high voltage surge arrester market?

Answer: The global high voltage surge arrester market is expected to grow with a CAGR of 5.6% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the high voltage surge arrester market?

Answer: The major drivers for this market are increasing adoption of renewable energy sources, rising reconstructional activities among aging power infrastructure, and growing demand for reliable and uninterrupted power supply.

Q4. What are the major segments for high voltage surge arrester market?

Answer: The future of the high voltage surge arrester market looks promising with opportunities in the industrial and commercial sectors.

Q5. Who are the key high voltage surge arrester market companies?

Answer: Some of the key high voltage surge arrester companies are as follows:

• ABB
• Siemens
• Eaton
• Emerson Electric
• Schneider Electric
• Mitsubishi Electric
• General Electric
• Crompton Greaves
• Raycap
• Legrand

Q6. Which high voltage surge arrester market segment will be the largest in future?

Answer: Lucintel forecasts that wall-mount is expected to witness higher growth over the forecast period.

Q7. In high voltage surge arrester market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region due to rapid urbanization and industrialization, significant demand for high voltage surge arrester from the power and renewable energy sectors, and growing investments in smart grid technologies in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the high voltage surge arrester market by product type (embedded type and wall-mount type), application (industrial, commercial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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