The surge arrester market is set to grow due to rising energy needs and grid modernization, with North America leading the market share.
Surge arrester is a device which works as a protector for electrical equipment from over voltage transient caused by switching (internal) or lightning (external) activities. Surge arrester is widely utilized to protect the power transmission and distribution equipment and also in applications such as railways. The surge arrester is also known as transient voltage surge suppressor (TVSS) and surge protection device (SPD).
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The surge arrestor is developed to discharge overload by passing through the determined voltage value directly to the ground and it is insulated to a predetermined voltage value. Additionally, the surge arrestor is equipped with low impulse ratio for the bypass of surge directly to the ground instead of damaging the electrical equipment.
The usage of electrical equipment over conventional fuel-driven equipment has widely increased from the past decade, which is expected to generate more demand for surge arrestors in the upcoming decade.
Surge Arrester Market: Drivers, Restraints and Opportunities
The worldwide energy need is growing rapidly owing to industrial development and expansion of metro cities in all over the globe. Electricity being a prominent source of energy, its demand is increasing in recent years due to growing consumption in electrical equipment. Increasing spending on electrical infrastructures such as heavy current, overhead power lines are estimated to bolster the demand for surge arrester.
Respective Government from emerging economies are taking initiatives for developing the measures for reliable and continuous power supply to minimize the losses occurred at the time of power supply. These measures are estimated to improve the demand for surge arrester in the upcoming years.
Moreover, there is growing investment towards the advancement of grid infrastructure which is anticipated to propel the demand for surge arrester. Growing expansion of the sustainable electrical networks are expected to support the growing installed base of surge arrester market.
Surge Arrester Market: Regional Outlook
The existing network of electrical infrastructure and large installed base of the electrical equipment in the North America are expected to hold the leading share in the global surge arrester market. Accelerating investments toward the modernization grid infrastructure such as smart supported through EU regulations are anticipated to bolster the demand for surge arrester in Europe.
The increasing advancement in the electrical infrastructure in South Asia is expected to witness as a growth leader with addressing prominent CAGR in global surge arrester market. East Asia is expected to contribute at a significant level owing to growing industrial output and rising infrastructural investment in metro cities in the respective regions. In the GCC Countries, electrical infrastructure are growing with a significant rate which contributes towards the growth of the Middle East & Africa Market.
Surge Arrester Market: Key Participants
Some of the key participants identified in the global Surge Arrester market are:
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The Surge Arrester research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Surge Arrester research report provides analysis and information according to market segments such as voltage type, housing type, technology, arrester rating, end user, arrester class and region.
The Surge Arrester report covers exhaustive analysis on:
Regional analysis includes:
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The Surge Arrester market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The Surge Arrester report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The Surge Arrester market report also maps the qualitative impact of various market factors on market segments and geographies.
Surge Arrester Market: Segmentation
The global surge arrester market can be segmented on the basis of voltage type, housing type, technology, arrester rating, end user, arrester class and region:
On the basis of voltage type, global surge arrester market can be segmented as:
On the basis of housing type, global surge arrester market can be segmented as:
On the basis of technology type, global surge arrester market can be segmented as:
On the basis of arrester rating type, global surge arrester market can be segmented as:
On the basis of end-user type, global surge arrester market can be segmented as:
On the basis of arrester class type, global surge arrester market can be segmented as:
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The article discusses the growing demand for surge arresters due to increased energy needs and grid modernization.
What regions are expected to see growth in the surge arrester market?
Which companies are key participants in the surge arrester market?
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