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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?
For any questions related to surge arrester market or related to surge arrester companies, surge arrester market size, surge arrester market share, surge arrester market growth, surge arrester market research, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Surge Arrester Market: Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Surge Arrester Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Surge Arrester Market by Type
3.3.1: Polymeric
3.3.2: Porcelain
3.4: Global Surge Arrester Market by Voltage
3.4.1: Medium Voltage
3.4.2: High Voltage
3.4.3: Extra High Voltage
3.5: Global Surge Arrester Market by Application
3.5.1: AIS
3.5.2: GIS
3.6: Global Surge Arrester Market by End Use Industry
3.6.1: Utilities
3.6.2: Industries
3.6.3: Transportation
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Surge Arrester Market by Region
4.2: North American Surge Arrester Market
4.2.1: North American Surge Arrester Market by Type: Polymeric and Porcelain
4.2.2: North American Surge Arrester Market by Voltage: Medium Voltage, High Voltage, and Extra High Voltage
4.3: European Surge Arrester Market
4.3.1: European Surge Arrester Market by Type: Polymeric and Porcelain
4.3.2: European Surge Arrester Market by Voltage: Medium Voltage, High Voltage, and Extra High Voltage
4.4: APAC Surge Arrester Market
4.4.1: APAC Surge Arrester Market by Type: Polymeric and Porcelain
4.4.2: APAC Surge Arrester Market by Voltage: Medium Voltage, High Voltage, and Extra High Voltage
4.5: ROW Surge Arrester Market
4.5.1: ROW Surge Arrester Market by Type: Polymeric and Porcelain
4.5.2: ROW Surge Arrester Market by Voltage: Medium Voltage, High Voltage, and Extra High Voltage
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Surge Arrester Market by Type
6.1.2: Growth Opportunities for the Global Surge Arrester Market by Voltage
6.1.3: Growth Opportunities for the Global Surge Arrester Market by Application
6.1.4: Growth Opportunities for the Global Surge Arrester Market by End Use Industry
6.1.5: Growth Opportunities for the Global Surge Arrester Market Region
6.2: Emerging Trends in the Global Surge Arrester Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Surge Arrester Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Surge Arrester Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Hitachi
7.2: ABB
7.3: Siemens Energy
7.4: General Electric
7.5: Eaton
7.6: Hubbell
7.7: CG Power
7.8: Schneider Electric
7.9: Meidensha
7.10: Mitsubishi Electric
7.11: Toshiba
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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