Polymer Surge Arrester Market Size - By Voltage (Low, Medium, High), By Class (Distribution, Intermediate, Station), By Application (Residential & Commercial, Industrial, Utility) & Forecast, 2024

Description

List of Tables

Polymer Surge Arrester Market is anticipated to record over 5.5% CAGR from 2024 to 2032 driven by a growing importance of safeguarding sensitive electronic equipment against voltage fluctuations and surges.

As industries modernize and incorporate advanced technologies, the demand for reliable and efficient surge protection solutions has bolstered. This surge is underpinned by a broader recognition of the significance of fortifying power infrastructure resilience in the face of evolving technological landscapes. In India, huge inter-state power transmission projects were approved in December 2023. These projects will help improve the power infrastructure and supply across many regions in India.

The overall polymer surge arrester market is classified based on voltage, class, application, and region.

The high voltage segment is predicted to witness substantial growth through 2032 due to the proliferation of high-voltage applications in power transmission and distribution networks, coupled with the rise in renewable energy projects. Polymer surge arresters are gaining traction in high voltage applications due to their superior performance characteristics, such as enhanced energy handling capabilities, improved reliability, and longer service life.

The intermediate class segment is expected to generate massive revenues in the market by 2032 owing to the versatility and cost-effectiveness offered by these solutions. Intermediate class surge arresters find applications in a wide range of industries, including manufacturing, telecommunications, and commercial buildings. Their ability to provide effective protection against medium-scale voltage fluctuations while offering a more economical alternative to high voltage solutions makes them a preferred choice for various applications. As industries increasingly prioritize the protection of their electrical assets, the intermediate class segment is set to experience robust growth in the coming years.

Europe polymer surge arrester market size will expand significantly through 2032, driven by a combination of regulatory initiatives, infrastructure development, and increasing investments in renewable energy projects. European countries are focusing on upgrading their power grids to accommodate the growing share of renewable energy sources, necessitating the deployment of advanced surge protection solutions. The emphasis on grid modernization and the transition to smart grids is further fueling the demand for polymer surge arresters in the region.

Product Code: 7587

Chapter 1 Methodology & Scope

1.1 Market definitions
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid
  - 1.4.2.2 Public

Chapter 2 Executive Summary

2.1 Polymer surge arrester industry 360 degree synopsis, 2019 - 2032
- 2.1.1 Business trends
- 2.1.2 Voltage trends
- 2.1.3 Class trends
- 2.1.4 Application trends
- 2.1.5 Regional trends

Chapter 3 Polymer Surge Arrester Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Vendor matrix
3.2 Regulatory landscape
3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.2 Industry pitfalls & challenges
3.4 Growth potential analysis
3.5 Porter's Analysis
- 3.5.1 Bargaining power of suppliers
- 3.5.2 Bargaining power of buyers
- 3.5.3 Threat of new entrants
- 3.5.4 Threat of substitutes
3.6 PESTEL Analysis

Chapter 4 Competitive Benchmarking

4.1 Innovation & sustainability landscape
4.2 Competitive landscape, 2023
- 4.2.1 Strategic dashboard

Chapter 5 Polymer Surge Arrester Market, By Voltage ('000 Units, USD Million)

5.1 Key voltage trends
5.2 Low
5.3 Medium
5.4 High

Chapter 6 Polymer Surge Arrester Market, By Class ('000 Units, USD Million)

6.1 Key class trends
6.2 Distribution
6.3 Intermediate
6.4 Station

Chapter 7 Polymer Surge Arrester Market, By Application ('000 Units, USD Million)

7.1 Key application trends
7.2 Residential & Commercial
7.3 Industrial
7.4 Utility

Chapter 8 Polymer Surge Arrester Market, By Region ('000 Units, USD Million)

8.1 Key regional trends
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.2.3 Mexico
8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 Japan
- 8.4.3 India
- 8.4.4 South Korea
- 8.4.5 Australia
8.5 Middle East & Africa
- 8.5.1 Saudi Arabia
- 8.5.2 UAE
- 8.5.3 Qatar
- 8.5.4 South Africa
8.6 Latin America
- 8.6.1 Brazil
- 8.6.2 Argentina

Chapter 9 Company Profiles

9.1 TE Connectivity
9.2 ABB
9.3 General Electric
9.4 CG Power & Industrial Solutions Ltd.
9.5 Eaton
9.6 Siemens Energy
9.7 Hubbell
9.8 Izoelektro
9.9 INAEL, S.A.
9.10 CHINT Group
9.11 DEHN SE
9.12 Ensto
9.13 Elpro
9.14 Surgetek
9.15 Hangzhou Yongde Electric Appliances Co.,Ltd
9.16 Compaq International (P) Limited
9.17 Zhejiang Volcano Electrical Technology Co.,Ltd
9.18 Rashtriya Electrical And Engineering Corporation
9.19 Electric Powertek
9.20 Zhejiang Ruili ELectric Co.,Ltd
9.21 Toshiba Energy Systems & Solutions Corporation