Market Research Report
Global Surge arrester market Size study, by Type, by Voltage,by class, by Application, by end user, and Regional Forecasts 2020-2027
|Published by||Bizwit Research & Consulting LLP||Product code||988179|
Delivery time: 2-3 business days
|Global Surge arrester market Size study, by Type, by Voltage,by class, by Application, by end user, and Regional Forecasts 2020-2027|
|Published: February 5, 2021||Content info:||
Global Surge arrester market Size study, by Type (Polymeric, porcelain), by Voltage (Medium Voltage, High Voltage, Extra High Voltage),by class(Distribution Class, Intermediate Class, Station Class), by Application (AIS,GIS), by end user (Utilities, Industries, Transportation), and Regional Forecasts 2020-2027.
Global Surge arrester market is valued at approximately USD 1.4 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4.9 % over the forecast period 2020-2027. Surge Arrester is device that defends electrical power system from harm caused by switching and lightning effects. It is occasionally known as wave protection device to safeguard equipment in diffusion of power and in supply system. Surge arresters are vital components for the safeguard of electrical equipment in transmission and distribution(T&D) networks. They are positioned in transmission lines, substations, and additional parts of electrical networks. In addition, the global surge arrester market is growing investments in transmission & distribution (T&D) networks. Development and upgrading of T&D networks have an immediate impact on the market growth. For instance, according to IEA World Energy Outlook 2020, USD 2.3 trillion was spent globally in the electric network for the period of 2012-2019, with a yearly investment of around USD 283 billion through the same period. Financing in electrical networks is essential to consistently meet the rising electricity demands. With the rising electrification of traditionally non-electric sectors, due to the adoption of electric vehicles, such as transportation, the demand for electricity is expected to further augment during the forecast period. However, product counterfeiting by local players, may impede market growth over the forecast period of 2020-2027.
The regional analysis of the global Surge arrester market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share due to the technical developments in the region. Whereas Asia Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027, due to increasing need to increase renewable power generation capacity encourage utilities across APAC.
Major market player included in this report are:
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Extra High Voltage
AIS (Air insulated switchgear )
GIS(Gas insulated switchgear)
By end user:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2017, 2018
Base year - 2019
Forecast period - 2020 to 2027.
Target Audience of the Global Surge arrester market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
List of figures