MARKET INTRODUCTION
A surge arrester also called a surge protection device or transient voltage surge suppressor, which is used to protect electrical equipment from over-voltage transients due to internal or external events. Growing investment in the modernization of electric infrastructure is augmenting in the growth of the surge arrester market. Increasing the expansion of the transmission and distribution network is further fueling the growth of the surge arrester market.
MARKET DYNAMICS
The rising need to protect equipment in power transmission and distribution systems is propelling the growth of the surge arrester market. Rising investments in energy systems and smart grids, coupled with the growing demand for reliable and continuous power supply is growing demand for the surge arrester market. Growing demand for electricity from the residential, commercial, and industrial sector are expected to drive the growth of the surge arrester market.
MARKET SCOPE
The "Global Surge Arrester Market Analysis to 2028" is a specialized and in-depth study of the surge arrester industry with a special focus on the global market trend analysis. The report aims to provide an overview surge arrester market with detailed market segmentation by type, voltage, class, end-user, and geography. The global surge arrester market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading surge arrester market players and offers key trends and opportunities in the surge arrester market.
MARKET SEGMENTATION
The global surge arrester market is segmented on the basis of type, voltage, class, end-user. On the basis of type the market is segmented as polymer, porcelain. On the basis voltage the market is segmented as low, medium, high. On the basis class the market is segmented as distribution, intermediate, station. On the basis end-user the market is segmented as residential, commercial, industrial.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global surge arrester market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The surge arrester market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting surge arrester market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the surge arrester market in these regions.
MARKET PLAYERS
The reports cover key developments in the surge arrester market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from surge arrester market are anticipated to lucrative growth opportunities in the future with the rising demand for surge arrester in the global market. Below mentioned is the list of few companies engaged in the surge arrester market.
The report also includes the profiles of key surge arrester companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ABB
- Eaton
- General Electric Company
- Hubbell Incorporated
- Mitsubishi Electric Corporation
- Schneider Electric SE
- S?cheron
- Siemens AG
- TDK Corporation
- TE Connectivity
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.