Surge Arrester Market by Voltage, Type, Class, End User, Application

List of Tables

[182 Pages Report] The Surge Arrester Market size was estimated at USD 1.18 billion in 2023 and expected to reach USD 1.24 billion in 2024, at a CAGR 5.16% to reach USD 1.68 billion by 2030.

Surge arresters are essential components in electrical systems that play a critical role in protecting infrastructure from voltage spikes. These devices are engineered to safely divert excessive voltage surges away from sensitive equipment, thereby preventing damage and ensuring operational continuity. Surge arresters are widely utilized across various industries, including telecommunications, power generation, and distribution systems. Their functionality hinges on their ability to conduct the surge current to the earth while blocking the normal operating current, effectively preventing the buildup of excess electrical pressure without disrupting the system's normal operations. The increasing demand for electrical energy, the expansion of power distribution networks, and the rising emphasis on electrical infrastructure safety have contributed to the growing need for surge arresters. Additionally, regulatory policies focusing on energy efficiency and safety standards and the growing adoption of renewable energy sources contribute to the market expansion. However, technical limitations, the possibility of aging and degradation, and the inability of certain surge arresters to handle high voltages can raise concerns about the efficiency and reliability of surge arresters. Additionally, the vulnerability of power systems to cyber-attacks with the increasing smart grid deployments also poses a significant challenge. However, key players are exploring advancements in smart surge protection solutions integrating predictive analytics and IoT for real-time monitoring and blockchain technology to safeguard cybersecurity. The development of high-performance materials for surge arresters that ensure a longer lifespan and improved reliability under extreme conditions can also support the growth of surge arresters. Exploring cost-effective manufacturing processes and eco-friendly materials can address the challenges of high investment costs and environmental concerns.

KEY MARKET STATISTICS
Base Year [2023]	USD 1.18 billion
Estimated Year [2024]	USD 1.24 billion
Forecast Year [2030]	USD 1.68 billion
CAGR (%)	5.16%

Type: Ongoing advancements to improve the performance of polymeric surge arresters

Polymeric surge arresters are characterized by their housing material made of silicone or other polymers. These surge arresters are predominantly preferred in highly polluted areas and places prone to vandalism as they are lightweight, resistant to vandalism, and have excellent hydrophobic properties. Polymeric arresters are also favored for their superior performance in high humidity and coastal areas. Porcelain surge arresters, made with porcelain housing, are traditional arresters known for their durability and long service life. They are typically used in substations and power grids due to their high mechanical strength and stability. However, they are heavier and more fragile compared to polymeric arresters, making them less resistant to vandalism.

End User: Expanding usage of surge arresters in industries in recent years to safeguard crucial electrical appliances and equipment

Industries such as manufacturing, mining, and chemical plants heavily rely on surge arresters to protect their electrical equipment from voltage surges. The need in the industrial sector is primarily for durable, high-capacity arresters capable of withstanding the industrial environment's harsh conditions. Compared to transportation and utilities, the industrial sector demands surge arresters with higher durability and customization options to meet specific environmental conditions. The transportation sector, encompassing rail, air, and marine, requires surge arresters for safeguarding navigation, communication, and control systems. The preference here leans towards compact, lightweight, and highly reliable surge arresters. Transportation applications generally prioritize space-saving and weight considerations more than industrial and utility sectors due to the limited space available on vehicles and vessels. Utilities, including electric power, water, and gas services, necessitate surge arresters to protect infrastructure and ensure uninterrupted service. The need here is for high-performance arresters that can handle extreme surge events and offer longevity. The utility sector places a stronger emphasis on reliability and the ability to withstand severe weather conditions compared to the industrial and transportation sectors.

Regional Insights

The Americas region, particularly the United States and Canada, witnessed a steady demand for surge arresters, driven by robust industrial, commercial, and residential infrastructure. Enhanced grid modernization efforts and the replacement of old electrical infrastructure are significant drivers contributing to the growth of surge arresters. Customer purchasing behavior leans towards high-quality and technologically advanced products, underlining the importance of innovation and reliability. The European Union (EU) region for surge arresters is characterized by stringent regulatory standards and a high level of environmental awareness. This has led to an increased demand for eco-friendly and energy-efficient surge protection solutions. EU's widespread efforts towards renewable energy sources further bolster the adoption of surge arresters. The APAC region, particularly China, Japan, and India, presents a crucial market for surge arresters due to rapid industrialization, urbanization, and expansion of power distribution networks. Government support for the deployment of smart grids and incentives to support the integration of renewable energy sources in energy infrastructure has consequently created a favorable landscape for the deployment of surge arresters.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Surge Arrester Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Surge Arrester Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Surge Arrester Market, highlighting leading vendors and their innovative profiles. These include ABB Limited, CG Power and Industrial Solutions Ltd., Cisco Systems, Inc., DEHN SE, Eaton Corporation PLC, Elektrolites (Power) Pvt. Ltd., Elpro International Ltd., Emerson Electric Co., Ensto Oy, General Electric Company, HAKEL spol. s r.o., Hitachi Energy Ltd., HM Cragg, Honeywell International Inc., Huawei Technologies Co., Ltd., Hubbell Incorporated, Legrand S.A., Leviton Manufacturing Co., Inc., Meidensha Corporation, Mitsubishi Corporation, Oblum Electrical Industries (P) Ltd., Schneider Electric SE, Siemens AG, STM Electronics, TE Connectivity Ltd., Toshiba Corporation, and Zhejiang Haivo Electrical Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Surge Arrester Market to forecast the revenues and analyze trends in each of the following sub-markets:

Voltage
- High Voltage
- Low Voltage
- Medium Voltage

Type
- Polymeric
- Porcelain

Class
- Distribution Class
- Intermediate Class
- Station Class

End User
- Industries
- Transportation
- Utilities

Application
- AIS
- GIS

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Surge Arrester Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Surge Arrester Market?

3. What are the technology trends and regulatory frameworks in the Surge Arrester Market?

4. What is the market share of the leading vendors in the Surge Arrester Market?

5. Which modes and strategic moves are suitable for entering the Surge Arrester Market?

Product Code: MRR-50124643812A

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising Electricity Consumption and Increasing Renewable Energy Installed Capacity
  - 5.1.1.2. Public and Private Initiatives to Replace Aging Electric Infrastructure
  - 5.1.1.3. Expanding Growth of Data Centers and Colocation Facilities
- 5.1.2. Restraints
  - 5.1.2.1. High Cost of Installation and Maintenance of Surge Arrester
- 5.1.3. Opportunities
  - 5.1.3.1. Growing Investments in Cross-Border Power Transmission Projects
  - 5.1.3.2. Rising Potential across Expanding Microgrid Structures
- 5.1.4. Challenges
  - 5.1.4.1. Concerns Related to Frequent Failures of Surge Arresters
5.2. Market Segmentation Analysis
- 5.2.1. Type: Ongoing advancements to improve the performance of polymeric surge arresters
- 5.2.2. End User: Expanding usage of surge arresters in industries in recent years to safeguard crucial electrical appliances and equipment
5.3. Market Trend Analysis
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis
5.9. Client Customization

6. Surge Arrester Market, by Voltage

6.1. Introduction
6.2. High Voltage
6.3. Low Voltage
6.4. Medium Voltage

7. Surge Arrester Market, by Type

7.1. Introduction
7.2. Polymeric
7.3. Porcelain

8. Surge Arrester Market, by Class

8.1. Introduction
8.2. Distribution Class
8.3. Intermediate Class
8.4. Station Class

9. Surge Arrester Market, by End User

9.1. Introduction
9.2. Industries
9.3. Transportation
9.4. Utilities

10. Surge Arrester Market, by Application

10.1. Introduction
10.2. AIS
10.3. GIS

11. Americas Surge Arrester Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Surge Arrester Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Surge Arrester Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. DOE announces USD 42 million to update US power grid
- 14.3.2. Pepperl+Fuchs Introduces Innovative Two-Part Surge Protection System M-LB-4000 for Enhanced Process Automation
- 14.3.3. Semtech Releases New Surge Protection Product to Safeguard Electronics

15. Competitive Portfolio

15.1. Key Company Profiles
15.2. Key Product Portfolio