A surge arrester is attached to the conductor to protect machinery and electronic appliances from internal and external voltage fluctuations. The global surge arrester market is estimated to reach $2.21 Billion by 2025 from $1.64 Billion in 2017 with a CAGR of 5.11% during the forecast period. The market growth can be attributed to the factors such as rising demand for electronic appliances, increasing the need for power generation, aging power infrastructure, and protection of equipment from failure caused by frequent voltage spikes. Despite these drivers, the major restraints hampering the market growth are the high cost of installation, increasing competition from the unorganized sector, and delays in grid expansion projects. Emerging cross border electricity trade and growing investments in transmission & distribution infrastructure are providing major opportunities to the market.
Research Study Objectives:
- Define, estimate, and forecast the Surge Arrester market statistics by voltage, type, class, end user, and regions concerning the individual growth drivers, market trends and their contribution toward the Surge Arrester market growth.
- Provides comprehensive information regarding the key factors influencing the market growth (Drivers, Restraints & Challenges, and Opportunities).
- Estimate & forecast the market size of all the segments concerning geographies including North America, Europe, Asia Pacific (APAC), South America and the Middle East and Africa (MEA).
- Recent competitive developments including M&A (Mergers and Acquisitions), Partnerships, and Product Innovations are provided in the Surge Arrester Market Analysis
- Analysis and conclusions on the future Surge Arrester market outlook.
Top-down and bottom-up approaches are used to validate the Surge Arrester Market Size and are used to estimate the size of other dependent submarkets. Key players in the market are identified through various secondary
sources; databases including Bloomberg Businessweek, Hoovers, Factiva, journals and associations and the market revenues are estimated and are thoroughly validated through primary and secondary research. Secondary research involves the study of annual and financial reports of top players in the market, whereas primary research includes extensive interviews with the KoL’s such as CEOs, directors, board members, VP’s, sales managers, engineers, marketing executives, technicians, account managers, investors, strategic decision makers and others. The Surge Arrester Market shares and breakdowns are determined using secondary sources and are verified by the primary sources. All possible parameters/factors that are affecting the Surge Arrester market demand are covered in the research study are verified through primary research, analysed and interpreted to get the final qualitative and quantitative data. This data is collected and added with detailed analysis from Envision Inteligence and presented in this report.
The scope of the Report
The Surge Arrester market segmentation is as follows:
By Voltage
- Low Voltage
- Medium Voltage
- High Voltage
- Extra High Voltage
By Type
- Open Transition
- Closed Transition
By Class
By End User
- Utilities
- Industries
- Transportation
Geographical Analysis:
Surge Arrester Market is segmented by geography into North America, South America, Europe, APAC and Middle East & Africa. U.S., Canada, Mexico and Costa Rica are analysed under North American region which is usually turning as the hotspot in the market. The South American region is further segregated into Brazil, Argentina, Chile, Columbia and some other emerging economies. In Europe, the market is extensively examined by covering U.K., Germany, France, Italy, Spain, Netherlands, Poland, Switzerland and some other promising economies. APAC is further categorised by countries into China, India, Japan, South Korea, Australia & New Zealand, Malaysia, Singapore and many other emerging nations. In
the Middle East & African region, Saudi Arabia, UAE, Iran, Iraq, Qatar, South Africa, Algeria, Morocco, Nigeria and so on countries are evaluated to understand the market growth lucidly.
Customization Options:
With the given research report, Envision Inteligence offers customisations as per the client’s specific requirements. The following customisation options offered for the Surge Arrester Market include:
- Scope Revision
- Geographic Analysis
- Company Profiles
- Historical Data & Forecasting
- Key Contact Persons in companies
Global Surge Arrester Market Research Report Includes:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have a complete market analysis through industry value chain analysis, Porter’s Five Force Model, PESTLE, SWOT analysis, and Y-o-Y analysis.
- Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
- Identifying DROC in the current market and their impact on altering market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
- Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the significant Surge Arrester market players, such as
- ABB Ltd
- Emerson Electric, Co., Ltd
- Eaton Corporation PLC
- General Electric Company
- Legrand S.A.
- Along with these companies, many other companies are considered in the report while analysing the Global Surge Arrester competitive strategies and environment. These companies held substantial share-owning to the nature of the industry whereas, the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players also have considerable presence owing to its robust brand image, geographical reach and stable customer base.
