Quick Summary:
In a world dominated by digitalization and increasing dependency on electrical systems, the importance of effective surge protection cannot be understated. To support decision-making in this vital industry, the comprehensive report on the global Surge Arresters market offers crucial insights into the sector's trajectory, set to reach $2.6 billion by 2030 from an estimated value of $1.6 billion in 2022.
The report provides granular analysis of main market segments, including Polymeric and Porcelain, expected to record CAGRs of 6.6% and 5% respectively over the next 8 years. Also detailed are geographic markets, highlighting the growth prospects in the US, China, Japan, Canada and Germany. Importantly, in-depth competitor analysis featuring 37 prominent companies provides a holistic view of the market landscape.
The offering goes beyond plain statistics, offering special features such as competitor market shares, market presence analyses, interactive bespoke updates, and a year's worth of free updates. With access to this elite report, stay one step ahead in the rapidly developing Surge Arresters market.
Global Surge Arresters Market to Reach $2.6 Billion by 2030
The global market for Surge Arresters estimated at US$1.6 Billion in the year 2022, is projected to reach a revised size of US$2.6 Billion by 2030, growing at a CAGR of 6% over the analysis period 2022-2030. Polymeric, one of the segments analyzed in the report, is projected to record 6.6% CAGR and reach US$1.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Porcelain segment is readjusted to a revised 5% CAGR for the next 8-year period.
The U.S. Market is Estimated at $447.8 Million, While China is Forecast to Grow at 10.3% CAGR
The Surge Arresters market in the U.S. is estimated at US$447.8 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$606.2 Million by the year 2030 trailing a CAGR of 10.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 4.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.Select Competitors (Total 37 Featured) -
- ABB Ltd.
- Advanced Protection Technologies Inc
- CG Power and Industrial Solutions Ltd
- Eaton Corporation PLC
- Emerson Electric Co.
- General Electric Company
- Legrand SA
- Leviton Manufacturing Company, Inc.,
- Littlefuse, Inc.
- Mitsubishi Electric Corporation
- Raycap Corporation SA
- Schneider electric SE
- Siemens AG
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Surge Arresters?
What is the growth rate of the Global Market for Surge Arresters?
What is the forecasted size of the Global Market for Surge Arresters?
Who are the key companies in the Global Market for Surge Arresters?
| Report Attribute | Details |
|---|---|
| No. of Pages | 93 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 1.6 Billion |
| Forecasted Market Value ( USD | $ 2.6 Billion |
| Compound Annual Growth Rate | 6.3% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- ABB Ltd.
- Advanced Protection Technologies Inc
- CG Power and Industrial Solutions Ltd
- Eaton Corporation PLC
- Emerson Electric Co.
- General Electric Company
- Legrand SA
- Leviton Manufacturing Company, Inc.
- Littlefuse, Inc.
- Mitsubishi Electric Corporation
- Raycap Corporation SA
- Schneider electric SE
- Siemens AG
