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Surge Arrester Market By Material, By Voltage Range, By End User: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 273 Pages
  • September 2022
  • Region: Global
  • Allied Market Research
  • ID: 5712971
The global surge arrester market was valued at $1.4 billion in 2021, and is projected to reach $2.2 billion by 2031, growing at a CAGR of 4.5% from 2022 to 2031.

Power surge arrester is designed to protect electrical appliances from voltage range spikes. These arresters limit voltage range flow. They are used in automatic control buses, electric power supply networks, telephone networks, and various communication systems.

Increased investment in renewable projects and smart grid technology is a key driving factor of surger arrester market. According to BP Statistical Review of World Energy, 2021, renewable primary energy showed annual growth rate of 15%, which signifies that the production and demand for renewable energy sources have increased. Furthermore, there are several targets and climate goals set by countries to achieve net zero emissions, which lead to increased investments in renewable energy projects. Smart grids add further resiliency by dispatching energy more accurately and rapidly relaying data on optimized load balancing. Thus, investment in both sectors where surge arresters are abundantly used positively promote the market growth acting as a driving factor.

However, as the surge arrester market has huge growth potential and thus attracts many profit seekers. This has led to many unorganized players entering the market. They offer non-standard complaint, low quality, and cheap in-house built products and thus, falters the market ingenuity. The gray market also damages the brand images and discourages global growth for surge arresters.

The surge arrester market is segmented on the basis of material, voltage range, end-user, and region. Depending on material, the market is divided in polymeric and porcelain. On the basis of voltage range, the division of market is done into medium, high, and low. By end-user, the market bifurcation is done into commercial, industrial, and residential. Region wise, surge arrester market is analyzed across North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East, and Africa). The key players in the market are Hitachi ABB, Siemens Energy, General Electric, Eaton, Hubbell, CG Power, Schneider Electric, Meidensha, Mitsubishi Electric, Toshiba.

COVID-19 impact analysis:

Operations of production and manufacturing industrial have been heavily impacted by the outbreak, which led to slowdown in growth of the surge arrester market in 2021. According to the surge arrester market trends, the COVID-19 pandemic has severely impacted the global transmission and distribution networks as projects have stalled, which, in turn, led to significant decrease in demand in industrial sector. Emergence of COVID-19 has declined growth of the surge arrester market in 2021, and is estimated to witness slow growth till the end of 2021. Implementation of partial or complete lockdown across various countries globally is the prime reason for this decline in the growth rate. As industries, assembly units, and manufacturing units were temporarily shut, it reduced the need for maintenance from various industrial. The instances about the spread of new variant of the virus resulted in repeated travel and trade bans, which further impacted the global as well as economy of Japan. The country being a neighbor to the origin country has suffered huge losses and has later shown positive recovery. However, Omicron variant, known to be more infectious, is again creating concerns regarding the uncertain future of the global economy and the surge arrester market.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the surge arrester market analysis from 2021 to 2031 to identify the prevailing surge arrester market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the surge arrester market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global surge arrester market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Material

  • Polymeric
  • Porcelain

By Voltage Range

  • Low
  • Medium
  • High

By End User

  • Industrial
  • Commercial
  • Residential

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • Italy
  • UK
  • Spain
  • France
  • Rest Of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest Of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • UAE
  • Rest Of LAMEA

Key Market Players

  • TE Connectivity Ltd.
  • ABB Limited
  • General Electric
  • CG Power and Industrial Solutions Limited
  • Eaton Corporation
  • Siemens AG
  • Hubbell Power Systems
  • Izoelektro D.O.O.
  • INAEL Electrical Systems
  • Hakel
Frequently Asked Questions about the Global Surge Arrester Market

What is the estimated value of the Global Surge Arrester Market?

The Global Surge Arrester Market was estimated to be valued at $1.4 billion in 2021.

What is the growth rate of the Global Surge Arrester Market?

The growth rate of the Global Surge Arrester Market is 4.6%, with an estimated value of $2.2 billion by 2031.

What is the forecasted size of the Global Surge Arrester Market?

The Global Surge Arrester Market is estimated to be worth $2.2 billion by 2031.

Who are the key companies in the Global Surge Arrester Market?

Key companies in the Global Surge Arrester Market include TE Connectivity Ltd., ABB Limited, General Electric, CG Power and Industrial Solutions Limited, Eaton Corporation, Siemens AG, Hubbell Power Systems, Izoelektro D.O.O. and Hakel.

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Key Regulation Analysis

CHAPTER 4: SURGE ARRESTER MARKET, BY MATERIAL
4.1 Overview
4.1.1 Market size and forecast
4.2 Polymeric
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Porcelain
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country

CHAPTER 5: SURGE ARRESTER MARKET, BY VOLTAGE RANGE
5.1 Overview
5.1.1 Market size and forecast
5.2 Low
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Medium
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 High
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country

CHAPTER 6: SURGE ARRESTER MARKET, BY END USER
6.1 Overview
6.1.1 Market size and forecast
6.2 Industrial
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Commercial
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Residential
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country

CHAPTER 7: SURGE ARRESTER MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Material
7.2.3 North America Market size and forecast, by Voltage Range
7.2.4 North America Market size and forecast, by End User
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Market size and forecast, by Material
7.2.5.1.2 Market size and forecast, by Voltage Range
7.2.5.1.3 Market size and forecast, by End User
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Material
7.2.5.2.2 Market size and forecast, by Voltage Range
7.2.5.2.3 Market size and forecast, by End User
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Material
7.2.5.3.2 Market size and forecast, by Voltage Range
7.2.5.3.3 Market size and forecast, by End User
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Material
7.3.3 Europe Market size and forecast, by Voltage Range
7.3.4 Europe Market size and forecast, by End User
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Market size and forecast, by Material
7.3.5.1.2 Market size and forecast, by Voltage Range
7.3.5.1.3 Market size and forecast, by End User
7.3.5.2 Italy
7.3.5.2.1 Market size and forecast, by Material
7.3.5.2.2 Market size and forecast, by Voltage Range
7.3.5.2.3 Market size and forecast, by End User
7.3.5.3 UK
7.3.5.3.1 Market size and forecast, by Material
7.3.5.3.2 Market size and forecast, by Voltage Range
7.3.5.3.3 Market size and forecast, by End User
7.3.5.4 Spain
7.3.5.4.1 Market size and forecast, by Material
7.3.5.4.2 Market size and forecast, by Voltage Range
7.3.5.4.3 Market size and forecast, by End User
7.3.5.5 France
7.3.5.5.1 Market size and forecast, by Material
7.3.5.5.2 Market size and forecast, by Voltage Range
7.3.5.5.3 Market size and forecast, by End User
7.3.5.6 Rest of Europe
7.3.5.6.1 Market size and forecast, by Material
7.3.5.6.2 Market size and forecast, by Voltage Range
7.3.5.6.3 Market size and forecast, by End User
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Material
7.4.3 Asia-Pacific Market size and forecast, by Voltage Range
7.4.4 Asia-Pacific Market size and forecast, by End User
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Material
7.4.5.1.2 Market size and forecast, by Voltage Range
7.4.5.1.3 Market size and forecast, by End User
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Material
7.4.5.2.2 Market size and forecast, by Voltage Range
7.4.5.2.3 Market size and forecast, by End User
7.4.5.3 India
7.4.5.3.1 Market size and forecast, by Material
7.4.5.3.2 Market size and forecast, by Voltage Range
7.4.5.3.3 Market size and forecast, by End User
7.4.5.4 South Korea
7.4.5.4.1 Market size and forecast, by Material
7.4.5.4.2 Market size and forecast, by Voltage Range
7.4.5.4.3 Market size and forecast, by End User
7.4.5.5 Australia
7.4.5.5.1 Market size and forecast, by Material
7.4.5.5.2 Market size and forecast, by Voltage Range
7.4.5.5.3 Market size and forecast, by End User
7.4.5.6 Rest of Asia-Pacific
7.4.5.6.1 Market size and forecast, by Material
7.4.5.6.2 Market size and forecast, by Voltage Range
7.4.5.6.3 Market size and forecast, by End User
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Material
7.5.3 LAMEA Market size and forecast, by Voltage Range
7.5.4 LAMEA Market size and forecast, by End User
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Market size and forecast, by Material
7.5.5.1.2 Market size and forecast, by Voltage Range
7.5.5.1.3 Market size and forecast, by End User
7.5.5.2 Saudi Arabia
7.5.5.2.1 Market size and forecast, by Material
7.5.5.2.2 Market size and forecast, by Voltage Range
7.5.5.2.3 Market size and forecast, by End User
7.5.5.3 South Africa
7.5.5.3.1 Market size and forecast, by Material
7.5.5.3.2 Market size and forecast, by Voltage Range
7.5.5.3.3 Market size and forecast, by End User
7.5.5.4 UAE
7.5.5.4.1 Market size and forecast, by Material
7.5.5.4.2 Market size and forecast, by Voltage Range
7.5.5.4.3 Market size and forecast, by End User
7.5.5.5 Rest of LAMEA
7.5.5.5.1 Market size and forecast, by Material
7.5.5.5.2 Market size and forecast, by Voltage Range
7.5.5.5.3 Market size and forecast, by End User

CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments

CHAPTER 9: COMPANY PROFILES
9.1 TE Connectivity Ltd.
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 ABB Limited
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 General Electric
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 CG Power and Industrial Solutions Limited
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Eaton Corporation
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Siemens AG
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Hubbell Power Systems
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Izoelektro D. O. O.
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 INAEL Electrical Systems
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Hakel
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments

List of Tables
Table 1. Global Surge Arrester Market, by Material, 2021-2031 ($Million)
Table 2. Surge Arrester Market, for Polymeric, by Region, 2021-2031 ($Million)
Table 3. Surge Arrester Market for Polymeric, by Country, 2021-2031 ($Million)
Table 4. Surge Arrester Market, for Porcelain, by Region, 2021-2031 ($Million)
Table 5. Surge Arrester Market for Porcelain, by Country, 2021-2031 ($Million)
Table 6. Global Surge Arrester Market, by Voltage Range, 2021-2031 ($Million)
Table 7. Surge Arrester Market, for Low, by Region, 2021-2031 ($Million)
Table 8. Surge Arrester Market for Low, by Country, 2021-2031 ($Million)
Table 9. Surge Arrester Market, for Medium, by Region, 2021-2031 ($Million)
Table 10. Surge Arrester Market for Medium, by Country, 2021-2031 ($Million)
Table 11. Surge Arrester Market, for High, by Region, 2021-2031 ($Million)
Table 12. Surge Arrester Market for High, by Country, 2021-2031 ($Million)
Table 13. Global Surge Arrester Market, by End-user, 2021-2031 ($Million)
Table 14. Surge Arrester Market, for Industrial, by Region, 2021-2031 ($Million)
Table 15. Surge Arrester Market for Industrial, by Country, 2021-2031 ($Million)
Table 16. Surge Arrester Market, for Commercial, by Region, 2021-2031 ($Million)
Table 17. Surge Arrester Market for Commercial, by Country, 2021-2031 ($Million)
Table 18. Surge Arrester Market, for Residential, by Region, 2021-2031 ($Million)
Table 19. Surge Arrester Market for Residential, by Country, 2021-2031 ($Million)
Table 20. Surge Arrester Market, by Region, 2021-2031 ($Million)
Table 21. North America Surge Arrester Market, by Material, 2021-2031 ($Million)
Table 22. North America Surge Arrester Market, by Voltage Range, 2021-2031 ($Million)
Table 23. North America Surge Arrester Market, by End-user, 2021-2031 ($Million)
Table 24. North America Surge Arrester Market, by Country, 2021-2031 ($Million)
Table 25. U.S. Surge Arrester Market, by Material, 2021-2031 ($Million)
Table 26. U.S. Surge Arrester Market, by Voltage Range, 2021-2031 ($Million)
Table 27. U.S. Surge Arrester Market, by End-user, 2021-2031 ($Million)
Table 28. Canada Surge Arrester Market, by Material, 2021-2031 ($Million)
Table 29. Canada Surge Arrester Market, by Voltage Range, 2021-2031 ($Million)
Table 30. Canada Surge Arrester Market, by End-user, 2021-2031 ($Million)
Table 31. Mexico Surge Arrester Market, by Material, 2021-2031 ($Million)
Table 32. Mexico Surge Arrester Market, by Voltage Range, 2021-2031 ($Million)
Table 33. Mexico Surge Arrester Market, by End-user, 2021-2031 ($Million)
Table 34. Europe Surge Arrester Market, by Material, 2021-2031 ($Million)
Table 35. Europe Surge Arrester Market, by Voltage Range, 2021-2031 ($Million)
Table 36. Europe Surge Arrester Market, by End-user, 2021-2031 ($Million)
Table 37. Europe Surge Arrester Market, by Country, 2021-2031 ($Million)
Table 38. Germany Surge Arrester Market, by Material, 2021-2031 ($Million)
Table 39. Germany Surge Arrester Market, by Voltage Range, 2021-2031 ($Million)
Table 40. Germany Surge Arrester Market, by End-user, 2021-2031 ($Million)
Table 41. Italy Surge Arrester Market, by Material, 2021-2031 ($Million)
Table 42. Italy Surge Arrester Market, by Voltage Range, 2021-2031 ($Million)
Table 43. Italy Surge Arrester Market, by End-user, 2021-2031 ($Million)
Table 44. U.S.rge Arrester Market, by Material, 2021-2031 ($Million)
Table 45. U.S.rge Arrester Market, by Voltage Range, 2021-2031 ($Million)
Table 46. U.S.rge Arrester Market, by End-user, 2021-2031 ($Million)
Table 47. Spain Surge Arrester Market, by Material, 2021-2031 ($Million)
Table 48. Spain Surge Arrester Market, by Voltage Range, 2021-2031 ($Million)
Table 49. Spain Surge Arrester Market, by End-user, 2021-2031 ($Million)
Table 50. France Surge Arrester Market, by Material, 2021-2031 ($Million)
Table 51. France Surge Arrester Market, by Voltage Range, 2021-2031 ($Million)
Table 52. France Surge Arrester Market, by End-user, 2021-2031 ($Million)
Table 53. Rest of Europe Surge Arrester Market, by Material, 2021-2031 ($Million)
Table 54. Rest of Europe Surge Arrester Market, by Voltage Range, 2021-2031 ($Million)
Table 55. Rest of Europe Surge Arrester Market, by End-user, 2021-2031 ($Million)
Table 56. Asia-Pacific Surge Arrester Market, by Material, 2021-2031 ($Million)
Table 57. Asia-Pacific Surge Arrester Market, by Voltage Range, 2021-2031 ($Million)
Table 58. Asia-Pacific Surge Arrester Market, by End-user, 2021-2031 ($Million)
Table 59. Asia-Pacific Surge Arrester Market, by Country, 2021-2031 ($Million)
Table 60. China Surge Arrester Market, by Material, 2021-2031 ($Million)
Table 61. China Surge Arrester Market, by Voltage Range, 2021-2031 ($Million)
Table 62. China Surge Arrester Market, by End-user, 2021-2031 ($Million)
Table 63. Japan Surge Arrester Market, by Material, 2021-2031 ($Million)
Table 64. Japan Surge Arrester Market, by Voltage Range, 2021-2031 ($Million)
Table 65. Japan Surge Arrester Market, by End-user, 2021-2031 ($Million)
Table 66. India Surge Arrester Market, by Material, 2021-2031 ($Million)
Table 67. India Surge Arrester Market, by Voltage Range, 2021-2031 ($Million)
Table 68. India Surge Arrester Market, by End-user, 2021-2031 ($Million)
Table 69. South Korea Surge Arrester Market, by Material, 2021-2031 ($Million)
Table 70. South Korea Surge Arrester Market, by Voltage Range, 2021-2031 ($Million)
Table 71. South Korea Surge Arrester Market, by End-user, 2021-2031 ($Million)
Table 72. Australia Surge Arrester Market, by Material, 2021-2031 ($Million)
Table 73. Australia Surge Arrester Market, by Voltage Range, 2021-2031 ($Million)
Table 74. Australia Surge Arrester Market, by End-user, 2021-2031 ($Million)
Table 75. Rest of Asia-Pacific Surge Arrester Market, by Material, 2021-2031 ($Million)
Table 76. Rest of Asia-Pacific Surge Arrester Market, by Voltage Range, 2021-2031 ($Million)
Table 77. Rest of Asia-Pacific Surge Arrester Market, by End-user, 2021-2031 ($Million)
Table 78. LAMEA Surge Arrester Market, by Material, 2021-2031 ($Million)
Table 79. LAMEA Surge Arrester Market, by Voltage Range, 2021-2031 ($Million)
Table 80. LAMEA Surge Arrester Market, by End-user, 2021-2031 ($Million)
Table 81. LAMEA Surge Arrester Market, by Country, 2021-2031 ($Million)
Table 82. Brazil Surge Arrester Market, by Material, 2021-2031 ($Million)
Table 83. Brazil Surge Arrester Market, by Voltage Range, 2021-2031 ($Million)
Table 84. Brazil Surge Arrester Market, by End-user, 2021-2031 ($Million)
Table 85. Saudi Arabia Surge Arrester Market, by Material, 2021-2031 ($Million)
Table 86. Saudi Arabia Surge Arrester Market, by Voltage Range, 2021-2031 ($Million)
Table 87. Saudi Arabia Surge Arrester Market, by End-user, 2021-2031 ($Million)
Table 88. South Africa Surge Arrester Market, by Material, 2021-2031 ($Million)
Table 89. South Africa Surge Arrester Market, by Voltage Range, 2021-2031 ($Million)
Table 90. South Africa Surge Arrester Market, by End-user, 2021-2031 ($Million)
Table 91. UAE Surge Arrester Market, by Material, 2021-2031 ($Million)
Table 92. UAE Surge Arrester Market, by Voltage Range, 2021-2031 ($Million)
Table 93. UAE Surge Arrester Market, by End-user, 2021-2031 ($Million)
Table 94. Rest of LAMEA Surge Arrester Market, by Material, 2021-2031 ($Million)
Table 95. Rest of LAMEA Surge Arrester Market, by Voltage Range, 2021-2031 ($Million)
Table 96. Rest of LAMEA Surge Arrester Market, by End-user, 2021-2031 ($Million)
Table 97. Te Connectivity Ltd.: Company Snapshot
Table 98. Te Connectivity Ltd.: Operating Segments
Table 99. Te Connectivity Ltd.: Product Portfolio
Table 100. Te Connectivity Ltd.: Net Sales
Table 101. Te Connectivity Ltd.: Key Strategies
Table 102. ABB Limited: Company Snapshot
Table 103. ABB Limited: Operating Segments
Table 104. ABB Limited: Product Portfolio
Table 105. ABB Limited: Net Sales
Table 106. ABB Limited: Key Strategies
Table 107. General Electric: Company Snapshot
Table 108. General Electric: Operating Segments
Table 109. General Electric: Product Portfolio
Table 110. General Electric: Net Sales
Table 111. General Electric: Key Strategies
Table 112. Cg Power and Industrial Solutions Limited: Company Snapshot
Table 113. Cg Power and Industrial Solutions Limited: Operating Segments
Table 114. Cg Power and Industrial Solutions Limited: Product Portfolio
Table 115. Cg Power and Industrial Solutions Limited: Net Sales
Table 116. Cg Power and Industrial Solutions Limited: Key Strategies
Table 117. Eaton Corporation: Company Snapshot
Table 118. Eaton Corporation: Operating Segments
Table 119. Eaton Corporation: Product Portfolio
Table 120. Eaton Corporation: Net Sales
Table 121. Eaton Corporation: Key Strategies
Table 122. Siemens AG: Company Snapshot
Table 123. Siemens AG: Operating Segments
Table 124. Siemens AG: Product Portfolio
Table 125. Siemens AG: Net Sales
Table 126. Siemens AG: Key Strategies
Table 127. Hubbell Power Systems: Company Snapshot
Table 128. Hubbell Power Systems: Operating Segments
Table 129. Hubbell Power Systems: Product Portfolio
Table 130. Hubbell Power Systems: Net Sales
Table 131. Hubbell Power Systems: Key Strategies
Table 132. Izoelektro D. O. O.: Company Snapshot
Table 133. Izoelektro D. O. O.: Operating Segments
Table 134. Izoelektro D. O. O.: Product Portfolio
Table 135. Izoelektro D. O. O.: Net Sales
Table 136. Izoelektro D. O. O.: Key Strategies
Table 137. Inael Electrical Systems: Company Snapshot
Table 138. Inael Electrical Systems: Operating Segments
Table 139. Inael Electrical Systems: Product Portfolio
Table 140. Inael Electrical Systems: Net Sales
Table 141. Inael Electrical Systems: Key Strategies
Table 142. Hakel: Company Snapshot
Table 143. Hakel: Operating Segments
Table 144. Hakel: Product Portfolio
Table 145. Hakel: Net Sales
Table 146. Hakel: Key Strategies

List of Figures
Figure 1. Surge Arrester Market Segmentation
Figure 2. Surge Arrester Market, 2021-2031
Figure 3. Surge Arrester Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Surge Arrester Mark.:Drivers, Restraints and Opportunities
Figure 12. Key Regulation Analysis
Figure 13. Surge Arrester Market, By Material, 2021(%)
Figure 14. Comparative Share Analysis of Polymeric Surge Arrester Market, 2021-2031(%)
Figure 15. Comparative Share Analysis of Porcelain Surge Arrester Market, 2021-2031(%)
Figure 16. Surge Arrester Market, By Voltage Range, 2021(%)
Figure 17. Comparative Share Analysis of Low Surge Arrester Market, 2021-2031(%)
Figure 18. Comparative Share Analysis of Medium Surge Arrester Market, 2021-2031(%)
Figure 19. Comparative Share Analysis of High Surge Arrester Market, 2021-2031(%)
Figure 20. Surge Arrester Market, By End-user, 2021(%)
Figure 21. Comparative Share Analysis of Industrial Surge Arrester Market, 2021-2031(%)
Figure 22. Comparative Share Analysis of Commercial Surge Arrester Market, 2021-2031(%)
Figure 23. Comparative Share Analysis of Residential Surge Arrester Market, 2021-2031(%)
Figure 24. Surge Arrester Market by Region, 2021
Figure 25. U.S. Surge Arrester Market, 2021-2031($Million)
Figure 26. Canada Surge Arrester Market, 2021-2031($Million)
Figure 27. Mexico Surge Arrester Market, 2021-2031($Million)
Figure 28. Germany Surge Arrester Market, 2021-2031($Million)
Figure 29. Italy Surge Arrester Market, 2021-2031($Million)
Figure 30. Uk Surge Arrester Market, 2021-2031($Million)
Figure 31. Spain Surge Arrester Market, 2021-2031($Million)
Figure 32. France Surge Arrester Market, 2021-2031($Million)
Figure 33. Rest of Europe Surge Arrester Market, 2021-2031($Million)
Figure 34. China Surge Arrester Market, 2021-2031($Million)
Figure 35. Japan Surge Arrester Market, 2021-2031($Million)
Figure 36. India Surge Arrester Market, 2021-2031($Million)
Figure 37. South Korea Surge Arrester Market, 2021-2031($Million)
Figure 38. Australia Surge Arrester Market, 2021-2031($Million)
Figure 39. Rest of Asia-Pacific Surge Arrester Market, 2021-2031($Million)
Figure 40. Brazil Surge Arrester Market, 2021-2031($Million)
Figure 41. Saudi Arabia Surge Arrester Market, 2021-2031($Million)
Figure 42. South Africa Surge Arrester Market, 2021-2031($Million)
Figure 43. Uae Surge Arrester Market, 2021-2031($Million)
Figure 44. Rest of LAMEA Surge Arrester Market, 2021-2031($Million)
Figure 45. Top Winning Strategies, by Year
Figure 46. Top Winning Strategies, by Development
Figure 47. Top Winning Strategies, by Company
Figure 48. Product Mapping of Top 10 Players
Figure 49. Competitive Dashboard
Figure 50. Competitive Heatmap of Top 10 Key Players
Figure 51. Te Connectivity Ltd.: Net Sales, ($Million)
Figure 52. Abb Limite.: Net Sales, ($Million)
Figure 53. General Electri.: Net Sales, ($Million)
Figure 54. Cg Power and Industrial Solutions Limite.: Net Sales, ($Million)
Figure 55. Eaton Corporatio.: Net Sales, ($Million)
Figure 56. Siemens A.: Net Sales, ($Million)
Figure 57. Hubbell Power System.: Net Sales, ($Million)
Figure 58. Izoelektro D.O.O.: Net Sales, ($Million)
Figure 59. Inael Electrical System.: Net Sales, ($Million)
Figure 60. Hake.: Net Sales, ($Million)

Executive Summary

According to the report, “Surge Arrester Market," the surge arrester market size was valued at $1.4 billion in 2021, and is estimated to reach $2.2 billion by 2031, growing at a CAGR of 4.5% from 2022 to 2031.

Surge arrester is a protective device. Surge arresters can be designed for preventing electrical damage of electronic equipment. Surge arrester dissipates the extra voltage range to the ground instead passing through the electronic device, while allowing the normal voltage range continue to flow. These functions of surge arresters can be repeated according to ANSI standard C62.11.

The market is consolidated in nature, and is expected to grow at a significant rate during the forecast period. This is attributed to rise in demand for protection of electrical and electronics devices from sudden power surges. The increased emphasis on boosting renewable energy installed capacity, are prompting private companies to invest in electricity transmission and distribution networks, as well as electrification projects, which further promotes the market growth for surge arresters. The market growth is hampered by presence of cheap quality duplicate surge arresters and delay in project execution for renewable energy infrastructure and others.

The surge arrester industry is not heavily regulated by government across the globe. There are several certifications for different materials of surge arresters that are needed to be acquired by manufacturers. These certifications are almost universal and are mandatory. There are several non-profit organizations and certification bodies that regulate and certify surge arrester products. Manufacturer are required to consider spacings, power concerns, and isolation requirements in the design phase and overcurrent protection requirements. Moreover, there are regulations that require consideration of geographic locations of the country, whether it is an area with extra power surges and lightening incidences and frequency of such events. There are different standards defined for different low voltage range, high voltage range, and medium voltage range surge arresters. It also varies according to the material of surge arresters.

The surge arrester market analysis is segmented on the basis of material, voltage range, end-user, and region. Depending on material, the market is bifurcated in polymeric and porcelain. On the basis of voltage range, the market is divided into medium, high, and low. By end-user, the market bifurcation is done into commercial, industrial, and residential. Region-wise, the surge arrester market forecast is analyzed across North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East, and Africa).

Depending on material, polymeric surge arrester segment dominated the market share for 2021. It is projected to grow at a CAGR of 4.7%. This is owing to the growing population and limited land space have led to several high-rise buildings in both intermediate and station sectors. This leads to surge in electricity demand, which needs to be regulated to prevent destruction caused due to electric short circuits and other hazards.

On the basis of voltage range, medium range surge arrester dominated the market share for 2021 followed by low range surge arrester. This was attributed to need to protect electronic equipment and devices encourages spending on surge arrester, which acts as driver for the surge arrester market growth.

By end-user, industrial sector contributed largely for 2021 and dominated the market share for 2021. This can be attributed to Rapid industrialization in developing and under developed economies are expected to drive demand for and are offering huge surge arrester market opportunities.

Region-wise, Asia-Pacific dominated the market growth for 2021 accounting for 43.0% market share. It is also projected to grow at CAGR of 4.8%. This is attributed to rising investment in public infrastructure, renewable energy projects, smart grids, residential housing developments and others.However, Asia-Pacific and Europe market for surge arrester are the top investment pockets, owing to various factors such as growing transmission & distribution network, increased use of smart grid, and rise in demand from residential sector owed to electricity connectivity in remote areas.

The key players in the market are Hitachi ABB, Siemens Energy, General Electric, Eaton, Hubbell, CG Power, Schneider Electric, Meidensha, Mitsubishi Electric, and Toshiba.

Key findings

  • In 2021, the polymeric surge arrester segment accounted for about 69.5% of the share in the global surge arrester market, and is expected to maintain its dominance till the end of the forecast period.
  • In 2021, the medium voltage range segment accounted for 44.8% surge arrester market share in the year 2021.
  • Industrial end-user is the fastest-growing segment in the global surge arrester market, expected to grow at a CAGR of 5.0% during 2021-2031.
  • Asia-pacific is expected to grow at the fastest rate, registering a CAGR of 4.8%, throughout the forecast period

Companies Mentioned

  • TE Connectivity Ltd.
  • ABB Limited
  • General Electric
  • CG Power and Industrial Solutions Limited
  • Eaton Corporation
  • Siemens AG
  • Hubbell Power Systems
  • Izoelektro D.O.O.
  • INAEL Electrical Systems
  • Hakel

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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