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Surge Arrester Market Insights with statistics and Growth Prediction 2019 to 2024

Author : Rahul Sankrityayan | Published Date : 2019-08-12 

Surge Arrester Market  report research highlights key dynamics of the global sector. The potential of the industry has been investigated along with the key challenges. The current market scenario and prospects of the sector has also been studied.

The size of Surge Arrester Market was anticipated as 1.35 billion in the year 2018 and is predicted to touch 11 billion till 2025, rising with a CAGR of 6% between the years 2019 to 2025 as per the research done by Global Market Insights, Inc.

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U.S. surge arrester market will witness growth on account of enhanced efforts toward power capacity expansion to meet the increasing electricity demand. In addition, extensive upgradation of power substation to improve the electrical reliability along with growing focus to develop efficient electrification systems to mitigate the flashovers will positively influence the industry growth.

For instance, in 2017, a substation stricken by equipment failure led to a huge power outage in San Francisco, left around 90,000 electricity consumers without power. Increasing number of transformer failure instances on account of various lightning & internal switching events will stimulate the demand for proper power protection systems, thereby driving the industry outlook.

Enhanced government efforts to combat power failure events coupled with rising need for the modernization of existing infrastructure will augment the surge arrester market. In 2018, the U.S. congress planned to organize medium to long term grid evaluation that will emphasize on the advent of new technologies, grid architecture and operating & planning techniques to revamp the existing grid infrastructure. Moreover, expansion of transmission & distribution networks to meet the electricity demand from rapidly growing population will propel the product demand.

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High voltage surge arrester market is set to witness growth of over 6% by 2025. Increasing adoption of these systems in HVDC lines across the emerging economies will stimulate the product penetration. In 2017, India announced plans to construct 800 kV HVDC transmission line, that will hold the capacity to supply electric power to around 80 million people. Growing measures for the protection of T&D systems from voltage fluctuations along with enhanced adoption of Flexible Alternating Current Transmission Systems (FACTS) to improve the availability & reliability of line networks will positively impact the business scenario.

Increasing regulatory pressure toward the adoption of energy efficient systems along with rising focus of utilities to refurbish the aging transmission and distribution infrastructure will boost the surge arrester market. For instance, in 2017, an investment of USD 21.9 billion was made by the Edison Electric Institute toward improving the safety & efficiency of transmission infrastructure.

Ability to offer reliable and cost effective protection of medium voltage electrical equipment against over voltages will drive the intermediate surge arrester market growth. In addition, proven suitability & operability in URD cables, dry type transformers, and sectionalizing & switching equipment will further fuel the product demand.

Polymer surge arrester market in 2018 was over USD 600 million. Ability to endure high environmental stresses along with applicability of these systems in distinct voltage ranges owing to their high mechanical strength, easy installation & handling will complement the industry landscape.

Notable industry participants in the surge arrester market comprise of General Electric, ABB, Siemens, Schneider Electric, Lamco, Eaton, Hubbell power systems, TE connectivity, CG Power and Industrial Solutions, DEHN, Elpro, Legrand amongst others. Ongoing advancements to develop cost-effective and energy efficient equipment have continued to be the focal point for the leading players to secure a competitive position in the market.

Partial Table of Contents (ToC) of the report:

Chapter 4    Surge Arrester Market, By Voltage

4.1    Surge arrester market share by voltage, 2018 & 2025

4.2    Low

4.2.1    Global market from low, 2014 – 2025

4.2.2    Global market from low, by region, 2014 - 2025

4.3    Medium

4.3.1    Global market from medium, 2014 – 2025

4.3.2    Global market from medium, by region, 2014 - 2025

4.4    High

4.4.1    Global market from high, 2014 – 2025

4.4.2    Global market from high, by region, 2014 - 2025

Chapter 5    Surge Arrester Market, By Class

5.1    Surge arrester market share by class, 2018 & 2025

5.2    Distribution

5.2.1    Global market from distribution, 2014 – 2025

5.2.2    Global market from distribution, by region, 2014 - 2025

5.3    Intermediate

5.3.1    Global market from intermediate, 2014 – 2025

5.3.2    Global market from intermediate, by region, 2014 - 2025

5.4    Station

5.4.1    Global market from station, 2014 – 2025

5.4.2    Global market from station, by region, 2014 - 2025

Chapter 6    Surge Arrester Market, By Material

6.1    Surge arrester market share by material, 2018 & 2025

6.2    Polymer

6.2.1    Global market from polymer, 2014 – 2025

6.2.2    Global market from polymer, by region, 2014 - 2025

6.3    Porcelain

6.3.1    Global market from porcelain, 2014 – 2025

6.3.2    Global market from porcelain, by region, 2014 - 2025

Chapter 7    Surge Arrester Market, By Application

7.1    Surge arrester market share by application, 2018 & 2025

7.2    Residential & Commercial

7.2.1    Global market from residential & commercial, 2014 – 2025

7.2.2    Global market from residential & commercial, by region, 2014 - 2025

7.3    Industrial

7.3.1    Global market from industrial, 2014 – 2025

7.3.2    Global market from industrial, by region, 2014 - 2025

7.4    Utility

7.4.1    Global market from utility, 2014 – 2025

7.4.2    Global market from utility, by region, 2014 - 2025

Browse complete table of content of this report @ https://www.gminsights.com/toc/detail/surge-arresters-market

Related Report:

Composite Insulators Market

https://www.marketwatch.com/press-release/composite-insulators-market-2019-business-growthtrend-and-forecast-2024-2019-05-07

https://www.marketwatch.com/press-release/electrical-conduit-market-growth-analysis-and-trends-forecast-to-2024-2019-03-29

 

 

 

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected]g | https://twitter.com/sankritsays

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