Market Overview

Worldwide Outlook on the Surge Arrester Market (2018-2023): A $2 Billion Opportunity, Driven by Investments In Smart Grids & Energy Systems


Worldwide Outlook on the Surge Arrester Market (2018-2023): A $2 Billion Opportunity, Driven by Investments In Smart Grids & Energy Systems

PR Newswire

DUBLIN, July 20, 2018 /PRNewswire/ --

The "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" report has been added to's offering.

Research and Markets Logo

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.

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 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.

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).

Key Topics Covered

1 Introduction
1.1 Objectives Of The Study
1.2 Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered For The Study
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Introduction
2.2 Research Data
2.2.1 Secondary Data
2.2.2 Primary Data Key Data From Primary Sources Key Industry Insights Breakdown Of Primary Interviews
2.3 Market Size Estimation
2.4 Market Breakdown & Data Triangulation
2.5 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities In The Surge Arrester Market During The Forecast Period
4.2 Surge Arrester Market, By Country
4.3 Europe Surge Arrester Market, By End-User & Country
4.4 Surge Arrester Market, By Type
4.5 Surge Arrester Market, By Class
4.6 Surge Arrester Market, By Voltage

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers Investments In Smart Grids & Energy Systems Need To Reduce Equipment Failure Caused By Frequent Voltage Spikes Aging Power Infrastructure
5.2.2 Restraints Increasing Competition From The Unorganized Sector
5.2.3 Opportunities Increasing Investments In Transmission & Distribution Infrastructure Growing Cross-Border Electricity Trade
5.2.4 Challenges Delays In Grid Expansion Projects

6 Surge Arrester Market, By Type
6.1 Introduction
6.2 Polymeric
6.3 Porcelain

7 Surge Arrester Market, By Class
7.1 Introduction
7.2 Distribution Class
7.3 Intermediate Class
7.4 Station Class

8 Surge Arrester Market, By Voltage
8.1 Introduction
8.2 Medium Voltage
8.3 High Voltage
8.4 Extra-High Voltage

9 Surge Arrester Market, By End-User
9.1 Introduction
9.2 Utilities
9.3 Industries
9.4 Transportation

10 Surge Arrester Market, By Region
10.1 Introduction
10.2 Europe
10.2.1 By Type
10.2.2 By Voltage
10.2.3 By Class
10.2.4 By End-User
10.2.5 By Country Germany Uk France Russia Rest Of Europe
10.3 Asia Pacific
10.3.1 By Type
10.3.2 By Voltage
10.3.3 By Class
10.3.4 By End-User
10.3.5 By Country China Australia India Japan South Korea Rest Of Asia Pacific
10.4 North America
10.4.1 By Type
10.4.2 By Voltage
10.4.3 By Class
10.4.4 By End-User
10.4.5 By Country Us Canada Mexico
10.5 Middle East & Africa
10.5.1 By Type
10.5.2 By Voltage
10.5.3 By Class
10.5.4 By End-User
10.5.5 By Country Saudi Arabia Uae Nigeria South Africa Rest Of The Middle East & Africa
10.6 South America
10.6.1 By Type
10.6.2 By Voltage
10.6.3 By Class
10.6.4 By End-User
10.6.5 By Country Brazil Argentina Rest Of South America

11 Competitive Landscape
11.1 Introduction
11.2 Ranking Of Players & Market Structure
11.3 Competitive Scenario
11.3.1 Contracts & Agreements
11.3.2 New Product Launches
11.3.3 Investments And Expansions
11.3.4 Others

12 Company Profiles
12.1 Benchmarking
12.2 ABB
12.3 Eaton
12.4 Siemens
12.5 GE
12.6 Hubbell
12.7 TE Connectivity
12.8 Schneider Electric
12.9 Lamco
12.10 Mitsubishi Electric
12.11 CG Power
12.12 Elpro
12.13 NGK Insulators

For more information about this report visit

Media Contact:

Laura Wood, Senior Manager  

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Cision View original content:

SOURCE Research and Markets

View Comments and Join the Discussion!