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Surge Arrester Market by Type (Polymeric, Porcelain), Voltage (Medium, High, Extra-High), Class (Distribution, Intermediate, Station), End-User (Utilities, Industries, Transportation), and Region - Global Forecast to 2023


Product Code : MNMEP00109600
Survey : MarketsandMarkets
Publish On : 20, May, 2022
Category : Energy and Power
Study Area : Global
Report format : PDF
Sales price option (consumption tax not included)
Single User USD5650 / Question Form
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[Report Description]

“The surge arrester market is projected to grow at a CAGR of 5.11%, from 2017 to 2022.”
The surge arrester market is projected to grow from an estimated USD 1.56 billion in 2018 to USD 2.01 billion by 2023, at a CAGR of 5.11%, from 2018 to 2023. Investments in smart grids and energy systems, the need to reduce equipment failure caused by frequent voltage spikes, and aging power infrastructure are driving the surge arrester market across the world. Counterfeiting of products by local players could hinder market growth to a certain extent.
“The medium voltage segment is expected to hold the largest share of the surge arrester market, by voltage, during the forecast period.”
Medium voltage surge arresters are predominantly used in industrial, transportation, and distribution substations. A rise in the demand for electricity in residential areas and expansion of electrical distribution networks to reduce power outages are the key factors driving the segment during the forecast period.
“Asia Pacific: The key market for surge arresters.”
Asia Pacific is expected to be the fastest-growing surge arrester market during the forecast period. Asia Pacific is the most populated region in the world and consequently witnesses a high demand for electricity. The T&D infrastructure in the region is in the initial stage of grid restructuring. Countries such as China, Japan, and India are investing in grid expansion projects to increase distribution grid reliability.
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, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 33%, Tier 2- 34%, Tier 3- 33%
By Designation: C-Level- 25%, D-Level- 35%, Others- 40%
By Region: North America- 20%, Europe- 25%, Asia Pacific- 30%, South America- 10%, Middle East & Africa- 15%
Note: The tiers of the companies have been defined on the basis of their total revenues; as of 2017: Tier 1 =>USD 5 billion, Tier 2 = USD 1 billion to USD 5 billion, and Tier 3 The leading players in the surge arrester market are ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Hubbell (US), Schneider (France), CG Power (India), GE (US), Mitsubishi Electric (Japan), TE Connectivity (Switzerland), CHINT Group (China), and Lamco (India).




Research Coverage:
The report provides a picture of the surge arrester market across the power industry and regions. It aims at estimating the market size and future growth potential of the market across different segments such as voltage, class, end-user, type, and region. Furthermore, the report includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.
For the purpose of this report, the market has been segmented on the basis of voltage, class, end-user, type, and region with a focus on industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together comprise the basic views on the competitive landscape, emerging and high-growth segments of the surge arrester market, high-growth regions, and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:

• Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and product launches in the surge arrester market

• Market Development: Comprehensive information about lucrative emerging markets; the report analyzes the market for surge arresters across regions

• Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the global surge arrester market


Why Buy this Report?
1. The report identifies and addresses key markets for the implementation of surge arresters in the power industry, which would help manufacturers review the growth in demand.
2. The report helps solution providers understand the pulse of the market and provide insights into drivers, restraints, and challenges.
3. The report will help key players understand the strategies of their competitors better and will help in the decision-making process.

TABLE OF CONTENTS

1 INTRODUCTION 13
1.1 OBJECTIVES OF THE STUDY 13
1.2 DEFINITION 13
1.3 MARKET SCOPE 14
1.3.1 MARKETS COVERED 14
1.3.2 YEARS CONSIDERED FOR THE STUDY 15
1.4 CURRENCY 16
1.5 STAKEHOLDERS 16
2 RESEARCH METHODOLOGY 17
2.1 INTRODUCTION 17
2.2 RESEARCH DATA 18
2.2.1 SECONDARY DATA 18
2.2.2 PRIMARY DATA 19
2.2.2.1 Key data from primary sources 19
2.2.2.2 Key industry insights 20
2.2.2.3 Breakdown of primary interviews 20
2.3 MARKET SIZE ESTIMATION 21
2.4 MARKET BREAKDOWN & DATA TRIANGULATION 23
2.5 RESEARCH ASSUMPTIONS 24
3 EXECUTIVE SUMMARY 25
4 PREMIUM INSIGHTS 29
4.1 ATTRACTIVE OPPORTUNITIES IN THE SURGE ARRESTER MARKET DURING THE FORECAST PERIOD 29
4.2 SURGE ARRESTER MARKET, BY COUNTRY 30
4.3 EUROPE SURGE ARRESTER MARKET, BY END-USER & COUNTRY 31
4.4 SURGE ARRESTER MARKET, BY TYPE 32
4.5 SURGE ARRESTER MARKET, BY CLASS 32
4.6 SURGE ARRESTER MARKET, BY VOLTAGE 33
5 MARKET OVERVIEW 34
5.1 INTRODUCTION 34
5.2 MARKET DYNAMICS 34
5.2.1 DRIVERS 35
5.2.1.1 Investments in smart grids & energy systems 35
5.2.1.2 Need to reduce equipment failure caused by frequent voltage spikes 35
5.2.1.3 Aging power infrastructure 36
5.2.2 RESTRAINTS 36
5.2.2.1 Increasing competition from the unorganized sector 36
5.2.3 OPPORTUNITIES 37
5.2.3.1 Increasing investments in transmission & distribution infrastructure 37
5.2.3.2 Growing cross-border electricity trade 38
5.2.4 CHALLENGES 38
5.2.4.1 Delays in grid expansion projects 38
6 SURGE ARRESTER MARKET, BY TYPE 39
6.1 INTRODUCTION 40
6.2 POLYMERIC 41
6.3 PORCELAIN 42
7 SURGE ARRESTER MARKET, BY CLASS 43
7.1 INTRODUCTION 44
7.2 DISTRIBUTION CLASS 45
7.3 INTERMEDIATE CLASS 46
7.4 STATION CLASS 47
8 SURGE ARRESTER MARKET, BY VOLTAGE 48
8.1 INTRODUCTION 49
8.2 MEDIUM VOLTAGE 50
8.3 HIGH VOLTAGE 50
8.4 EXTRA-HIGH VOLTAGE 51
9 SURGE ARRESTER MARKET, BY END-USER 52
9.1 INTRODUCTION 53
9.2 UTILITIES 54
9.3 INDUSTRIES 55
9.4 TRANSPORTATION 56
10 SURGE ARRESTER MARKET, BY REGION 57
10.1 INTRODUCTION 58
10.2 EUROPE 60
10.2.1 BY TYPE 61
10.2.2 BY VOLTAGE 61
10.2.3 BY CLASS 62
10.2.4 BY END-USER 62
10.2.5 BY COUNTRY 63
10.2.5.1 Germany 63
10.2.5.2 UK 64
10.2.5.3 France 65
10.2.5.4 Russia 66
10.2.5.5 Rest of Europe 66
10.3 ASIA PACIFIC 67
10.3.1 BY TYPE 68
10.3.2 BY VOLTAGE 68
10.3.3 BY CLASS 68
10.3.4 BY END-USER 69
10.3.5 BY COUNTRY 69
10.3.5.1 China 70
10.3.5.2 Australia 70
10.3.5.3 India 71
10.3.5.4 Japan 72
10.3.5.5 South Korea 73
10.3.5.6 Rest of Asia Pacific 73
10.4 NORTH AMERICA 74
10.4.1 BY TYPE 74
10.4.2 BY VOLTAGE 74
10.4.3 BY CLASS 75
10.4.4 BY END-USER 75
10.4.5 BY COUNTRY 76
10.4.5.1 US 76
10.4.5.2 Canada 77
10.4.5.3 Mexico 78
10.5 MIDDLE EAST & AFRICA 79
10.5.1 BY TYPE 79
10.5.2 BY VOLTAGE 80
10.5.3 BY CLASS 80
10.5.4 BY END-USER 80
10.5.5 BY COUNTRY 81
10.5.5.1 Saudi Arabia 81
10.5.5.2 UAE 82
10.5.5.3 Nigeria 83
10.5.5.4 South Africa 83
10.5.5.5 Rest of the Middle East & Africa 84
10.6 SOUTH AMERICA 85
10.6.1 BY TYPE 85
10.6.2 BY VOLTAGE 85
10.6.3 BY CLASS 86
10.6.4 BY END-USER 86

10.6.5 BY COUNTRY 86
10.6.5.1 Brazil 87
10.6.5.2 Argentina 87
10.6.5.3 Rest of South America 88
11 COMPETITIVE LANDSCAPE 89
11.1 INTRODUCTION 89
11.2 RANKING OF PLAYERS & MARKET STRUCTURE 90
11.3 COMPETITIVE SCENARIO 91
11.3.1 CONTRACTS & AGREEMENTS 92
11.3.2 NEW PRODUCT LAUNCHES 92
11.3.3 INVESTMENTS AND EXPANSIONS 93
11.3.4 OTHERS 93
12 COMPANY PROFILES 94
(Business overview, Products offered, Recent developments & MnM View)*
12.1 BENCHMARKING 94
12.2 ABB 95
12.3 EATON 99
12.4 SIEMENS 102
12.5 GE 104
12.6 HUBBELL 107
12.7 TE CONNECTIVITY 109
12.8 SCHNEIDER ELECTRIC 111
12.9 LAMCO 113
12.10 MITSUBISHI ELECTRIC 115
12.11 CG POWER 117
12.12 ELPRO 119
12.13 NGK INSULATORS 121
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
13 APPENDIX 122
13.1 INSIGHTS OF INDUSTRY EXPERTS 122
13.2 DISCUSSION GUIDE 123
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 126
13.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 128
13.5 AVAILABLE CUSTOMIZATIONS 129
13.6 RELATED REPORTS 129
13.7 AUTHOR DETAILS 130

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