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

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

Surge Arrester Market Trends and Forecast

The future of the global surge arrester market looks promising with opportunities in the utility, industry, and transportation markets. The global surge arrester market is expected to reach an estimated $2.4 billion by 2030 with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are escalating demand for reliable and continuous power supply, rapid expansion of smart cities, and increasing focus on replacing aging equipment in power infrastructure.

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

Surge Arrester Market by Segment

The study includes a forecast for the global surge arrester market by type, voltage, application, end use industry, and region

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

Polymeric

Porcelain

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

Medium Voltage

High Voltage

Extra High Voltage

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

AIS

GIS

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 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 surge arrester companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the surge arrester companies profiled in this report include-

Hitachi

ABB

Siemens Energy

General Electric

Eaton

Hubbell

CG Power

Schneider Electric

Meidensha

Mitsubishi Electric

Toshiba

Surge Arrester Market Insights

Lucintel forecast that polymeric is expected to witness higher growth over the forecast period due to their light weight, ease of maintenance, improved performance in contaminated settings, and high energy handling capacity.

Within this market, utility is expected to witness higher growth over the forecast period.

APAC is expected to witness highest growth over the forecast period due to rising demand for advanced renewable power generation capacity and continual growth of industrial, residential and commercial sectors in the region.

Features of the Global Surge Arrester Market

Market Size Estimates: 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: Surge arrester market size by various segments, such as by type, voltage, appllication, end use industry, and region in terms of value ($B).

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

Growth Opportunities: Analysis of growth opportunities in different types, voltages, appllications, end use industries, and regions for the surge arrester market.

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

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

FAQ

Q.1 What is the surge arrester market size?

Answer: The global surge arrester market is expected to reach an estimated $2.4 billion by 2030.

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

Answer: The global surge arrester market is expected to grow with a cagr of 4.8% from 2024 to 2030

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

Answer: The major drivers for this market are escalating demand for reliable and continuous power supply, rapid expansion of smart cities, and increasing focus on replacing aging equipment in power infrastructure.

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

Answer: The future of the surge arrester market looks promising with opportunities in the utility, industry, and transportation markets.

Q5. Who are the key surge arrester market companies?

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

Hitachi

ABB

Siemens Energy

General Electric

Eaton

Hubbell

CG Power

Schneider Electric

Meidensha

Mitsubishi Electric

Toshiba

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

Answer: Lucintel forecast that polymeric is expected to witness higher growth over the forecast period due to their light weight, ease of maintenance, improved performance in contaminated settings, and high energy handling capacity.

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

Answer: APAC is expected to witness highest growth over the forecast period due to rising demand for advanced renewable power generation capacity and continual growth of industrial, residential and commercial sectors 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 surge arrester market by type (polymeric and porcelain), voltage (medium voltage, high voltage, and extra high voltage), application (AIS and GIS), end use industry (utilities, industries, and transportation), 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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