PUBLISHER: Allied Market Research | PRODUCT CODE: 1472264
PUBLISHER: Allied Market Research | PRODUCT CODE: 1472264
The global line arresters market was valued at $360.4 million in 2022, and is projected to reach $723.1 million by 2032, growing at a CAGR of 7.6% from 2023 to 2032.
Line arresters also known as surge arresters or lightning arresters which are protective devices used in electrical power systems to safeguard equipment and infrastructure from transient overvoltage caused by lightning strikes, switching operations, or other external factors. These devices are designed to divert or limit excessive voltage spikes to ground, thereby preventing damage to sensitive equipment, insulation, and other components within the electrical network. They are commonly installed at strategic points along power transmission and distribution lines, as well as within substations and other critical infrastructure, to provide effective protection against voltage surges and maintain the integrity of the electrical grid.
Line arresters play a crucial role in mitigating the impact of lightning-induced surges by diverting excessive voltage spikes away from sensitive equipment and grounding them safely. These devices are strategically installed at key points along power lines to intercept and dissipate the energy of lightning strikes before it reaches downstream equipment. By providing a reliable barrier against lightning-induced surges, line arresters help safeguard electrical infrastructure, minimize downtime, and reduce the risk of equipment damage and associated costs. In addition, utilities and industries are under increasing pressure to ensure the reliability and resilience of their electrical systems in the face of growing environmental risks. As a result, the demand for line arresters with advanced surge protection capabilities has surged, with stakeholders seeking innovative solutions to mitigate the impact of lightning strikes and other transient overvoltage. All these factors drive the demand for the line arresters market during the forecast period.
However, regulatory compliance acts as a barrier to entry for new entrants into the line arrester market. The high costs associated with testing, certification, and compliance efforts deter smaller manufacturers or startups from entering the market, limiting competition and innovation. This lack of competition leads to higher prices for line arresters and inhibits market growth and adoption, particularly in regions with stringent regulatory requirements. All these factors hamper the line arresters market growth.
The increase in digitization and automation of power systems has heightened the importance of reliable surge protection solutions to safeguard sensitive electronic equipment and control systems from voltage disturbances. Line arresters with advanced monitoring and diagnostic capabilities enable proactive maintenance and rapid response to transient overvoltage, enhancing the overall resilience and reliability of grid operations. In addition, the integration of line arresters with smart grid technologies facilitates real-time monitoring and control of grid assets, enabling operators to detect and mitigate potential vulnerabilities before they escalate into grid-wide failures. All these factors are anticipated to offer new growth opportunities for the line arresters market during the forecast period.
The line arresters market is segmented on the basis of type, voltage, application, end user, and region. On the basis of type, the market is bifurcated into a non-gapped line arrester, and externally gapped line arrester. On the basis of voltage, the market is divided into medium, high, and low. On the basis of application, the market is bifurcated into transmission line, and distribution line. On the basis of end user, the market is segmented into power substations, telecommunications, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
On the basis of type, the market is bifurcated into a non-gapped line arrester, and externally gapped line arrester. The non-gapped line arrester segment accounted for more than two-thirds of global line arresters market share in 2022 and is expected to maintain its dominance during the forecast period. Advancements in materials science and manufacturing techniques have facilitated the development of non-gapped line arresters with enhanced performance characteristics. For instance, modern polymer-based materials, such as metal-oxide varistors (MOVs) and silicone rubber housings, offer superior electrical insulation, thermal stability, and mechanical strength compared to traditional porcelain or glass insulators used in gapped arresters. These materials enable non-gapped line arresters to withstand higher energy levels and provide extended service life, resulting in lower maintenance requirements and reduced lifecycle costs.
Based on voltage, the market is divided into medium, high, and low. The medium segment accounted for half of global line arresters market share in 2022 and is expected to maintain its dominance during the forecast period. Environmental considerations influence the selection of medium voltage line arresters. As the global focus on sustainability and environmental stewardship intensifies, utilities seek solutions that minimize environmental impact. Modern arrester designs incorporate environmentally friendly materials and manufacturing processes, aligning with sustainability goals and regulatory requirements.
On the basis of application, the market is bifurcated into transmission line, and distribution line. The transmission line segment accounted for less than three-fifths of global line arresters market share in 2022 and is expected to maintain its dominance during the forecast period. The rise in emphasis on grid reliability and resilience has led to the widespread adoption of line arresters. These devices help enhance the overall reliability of the transmission system by providing a robust defense against transient voltage surges. By installing line arresters at strategic locations along transmission lines, utilities that minimize downtime, improve system performance, and reduce the likelihood of widespread outages.
Based on end user, the market is segmented into power substations, telecommunications, and others The power substations segment accounted for less than three-fourths of global line arresters market share in 2022 and is expected to maintain its dominance during the forecast period. The surge in demand for electricity necessitates the expansion and enhancement of power transmission and distribution networks. According to the International Energy Agency (IEA), global electricity demand is expected to rise at a faster rate over the next three years, growing by an average of 3.4% annually through 2026. As these networks grow, they become more susceptible to lightning strikes, switching surges, and other transient overvoltage events that damage equipment and disrupt power supply.
Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for less than half of the global line arresters market share in 2022 and is expected to maintain its dominance during the forecast period. Government initiatives and regulations aimed at improving the reliability and resilience of the power infrastructure drive the demand for line arresters in the Asia-Pacific region. According to the International Energy Agency (IEA), China provides the largest share of global electricity demand growth in terms of volume and India posts the fastest growth rate through 2026 among major economies. Governments across the region are investing in upgrading and modernizing their electrical grids to enhance their capacity and reliability, and line arresters are an essential component of these efforts to safeguard the infrastructure against voltage surges and other disturbances.
Key players in the line arresters market include Elmac Technologies, Hitachi, Hubbell, KA Factor Group Inc., MacLean Power Systems, MAPPEC, Raychem RPG Private Limited., Siemens Energy, TE Connectivity, Toshiba International Corporation Pty Ltd., and Tridelta Meidensha GmbH. Apart from these major players, there are other key players in the line arresters market. These include ABB Ltd, Bel Fuse Inc., Crompton Greaves Ltd, Eaton Corporation, Legrand SA, Mitsubishi Electric Corporation, Prysmian Group, and Schneider Electric SE.
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