1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Renewable Energy Market Trends
Surge Arrester Market by Type, Voltage, Class, End-User, Application and Region - Global Forecast to 2025

Surge Arrester Market by Type, Voltage, Class, End-User, Application and Region - Global Forecast to 2025

  • January 2021
  • 194 pages
  • ID: 5373322
  • Format: PDF
  • MarketsandMarkets

Summary

Table of Contents

Search Inside

The global surge arrester market is projected to reach USD 1.9 billion by 2025 from an estimated USD 1.5 billion in 2020, at a CAGR of 4.9% during the forecast period. The rising demand for electricity in APAC and the growing focus on increasing renewable energy installed capacity are encouraging utilities to invest in the electricity transmission and distribution networks, as well as in electrification projects. These investments, along with investments to replace aging electric infrastructure in North America and Europe are expected to create the demand for surge arrester market. However, Due to the COVID-19 pandemic, local currencies of many countries have depreciated. There is a misalignment of supply and demand, leading to financial losses for components/parts manufacturers. Key components used in manufacturing surge arresters are procured typically in US dollars, which results in increased component cost, which is likely to hamper the growth of the surge arrester market.

The polymeric segment, by type, is expected to be the largest market from 2020 to 2025.
The surge arrester market by type segment is categorized as polymeric and porcelain.
Porcelain is one of the oldest insulating materials used in a wide range of electrical equipment. With technological advances, polymeric insulators are increasingly adopted due to their lighter weight, superior performance under polluted conditions, and high energy handling capacity, and so on.Due to these advantages, polymeric surge arresters have been holding a larger market share, in terms of value, over the years, and a similar trend is likely to be observed in the coming years.

The utilities segment, by the end user, is expected to be the fastest-growing market from 2020 to 2025.
The end user segments are categorized as Utilities, Industries, and Transportation.
Utilities include power generation, transmission, and distribution companies that play a major role in generating and delivering power to consumers.Surge arresters find applications in substations and networks across this energy chain, right from generation to distribution.

Utilities is one of the major end users of surge arresters owing to the fact that the sheer size of the electrical network operated by utilities is bigger compared to the industrial and transportation electric infrastructure. Increased investments to improve T&D network infrastructure to meet the growing demand for energy is the major factor for the largest market share of utilities among end users.

Asia Pacific: The fastest-growing region in the surge arrester market.
North America is expected to be the fastest-growing surge arrester market during the forecast period.North America comprises US, Canada, and Mexico.

US is the major surge arrester market in North America.Increased T&D investments in this region to support the growth of renewables and replace aging infrastructure are expected to drive the market growth.

North America has an aging infrastructure, and this may increase the risk of a widespread blackout.Therefore, governments in the region are actively focusing on upgrading and replacing aging infrastructure to improve grid reliability and resilience and enable smarter power networks.

T&D investments aimed at addressing these issues are expected to drive the growth of the surge arrester market in North America.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and to assess future market prospects. The distribution of primary interviews is as follows:
• By Company Type: Tier 1- 35%, Tier 2- 40%, and Tier 3- 25%
• By Designation: C-Level- 15%, Director Level- 25%, and Others- 60%

By Region: Asia Pacific- 45%, North America- 15%, Europe- 20%, Middle East & Africa– 15%, and South America- 5%
*Others include sales managers, engineers, and regional managers.
Note: Tier 1 Company—Revenue > USD 5 billion, Tier 2 Company—Revenue between USD 50 million and USD 5 billion, and Tier 3 Company—Revenue < USD 50 million
The global surge arrester market is dominated by a few major players with an extensive regional presence and a large number of local players. The leading players in the surge arrester market are Hitachi ABB (Switzerland), Siemens Energy (Germnay), General Electric (US), Eaton (Ireland), and Hubbell(US).

Study Coverage:
The report defines, describes, and forecasts the surge arrester market by type, application, end user, voltage, class, and region.It also offers a detailed qualitative and quantitative analysis of the market.

The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market, including the analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the surge arrrester market.

Key Benefits of Buying the Report
1. The report identifies and addresses the key markets for surge arrester sales, which would help equipment manufacturers and service providers review the demand growth.
2. The report helps system providers understand the market’s pulse and provides insights into drivers, restraints, opportunities, and challenges.
3. The report will help key players understand their competitors’ strategies better and help them make better strategic decisions.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Argentina Power Market Outlook to 2030, Update 2021 - Market Trends, Regulations, and Competitive Landscape

  • $ 2500
  • March 2021
  • 64 pages

Argentina Power Market Outlook to 2030, Update 2021 - Market Trends, Regulations, and Competitive Landscape Summary This report elaborates the power market structure of Argentina and provides historical ...

  • Argentina
  • Energy
  • Electric Power
  • Industry analysis
  • Electricity Capacity
  • Energy Consumption

ref:plp2021

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on