Market Insights

According to analysts, the surge arrester market was estimated at USD 1.6 billion in 2021 and is likely to grow at a CAGR of 5.5% during 2022-2028 to reach USD 2.33 billion in 2028.

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s Surge Arrester Market realities and future market possibilities for the forecast period of 2022 to 2028. The report segments and analyses the market in the most detailed manner in order to provide a panoramic view of the market. The vital data provided in the report can play a vital role in assisting market participants and investors in identifying low-hanging fruits available in the market as well as developing growth strategies to accelerate their growth process.

Segments Analysis

Based on the voltage type, the market is segmented as low, medium, and high. Low voltage is estimated to witness significant growth in the market during the forecast period owing to the growing electrification of rural areas across developing economies coupled with the rapid expansion of residential establishments. On the other hand, medium voltage is also estimated to register significant growth in the market during the forecast period owing to rapid industrialization on account of economic diversification.

Based on the class type, the market is segmented into distribution, intermediate, and station. Distribution class is estimated to witness high growth in the market during the forecast period on account of the superior overvoltage protection provided by it. Further, station class is also estimated to account for a significant share of the market owing to various lucrative features, such as high-pressure relief capability, superior performance to resist contamination, high durability, and excellent cantilever strength offered by it.

Based on the material type, the market is segmented as polymer and porcelain. The polymer material is estimated to register a high growth rate in the market during the forecast period. The growth of the segment is attributed to its extensive suitability across distinct voltage ranges and features, such as easy handling & installation, low manufacturing & operational cost, and reliable performance in harsh environments. Further, porcelain is also estimated to witness significant growth in the market owing to its capability to be self-supporting and resist environmental aging.

Based on the application type, the market is segmented as residential & commercial, industrial, and utility. The industrial segment is estimated to account for the major share of the market on account of the growing focus on mitigating power quality issues across the industrialized economies, fueling the overall industry growth during the forecast period.

In terms of regions, Europe is estimated to be the leading region in the market during the forecast period owing to growing investments by the government imposing stringent regulations to modernize smart grid infrastructures. In addition, in North America, the U.S. is estimated to account for a significant share of the market on account of increasing investments by utilities toward capital additions coupled with increasing security compliance standards, fueling the regional market growth. Moreover, Asia-Pacific is also estimated to offer substantial growth opportunities over the forecast period.

The list of Key Players in the report are -

The market for Surge Arrester is gradually consolidating with major companies that are performing mergers & acquisitions to quickly gain the leading position and to tap the growing opportunities in this briskly expanding market. Some of the major key players in the Surge Arrester Market are listed below.

  • ABB Limited
  • CG Power and Industrial Solutions Limited
  • DEHN
  • Eaton Corporation
  • General Electric
  • Hakel
  • Hubbell Power Systems
  • INAEL Electrical Systems
  • Siemens AG
  • TE Connectivity.

Report Features -

This market report includes the following features –

  • Market structure: Overview, industry life cycle analysis, supply chain analysis.
  • Market environment analysis: Growth drivers and constraints.
  • Market trend and forecast analysis.
  • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, M&As etc.
  • Attractive market segments and associated growth opportunities.
  • Emerging trends.

Custom Research:

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About Stratview Research –

Stratview Research is a leading market research firm that offers wide range of services like syndicated market reports, consulting, sourcing intelligence, and customer research, etc. Stratview Research’s offerings include comprehensive market intelligence in the form of research reports, and consulting services. Our team which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 500 companies.