This Global Surge Arrester market report studies the industry based on one or more segments covering key players, types, applications, products, technology, end-users, and regions for historical data as well as provides forecasts for next few years.
— Increasing regulatory pressure toward the adoption of energy efficient systems along with rising focus of utilities to refurbish the aging transmission and distribution infrastructure will boost the surge arrester market. For instance, in 2017, an investment of USD 21.9 billion was made by the Edison Electric Institute toward improving the safety & efficiency of transmission infrastructure.
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U.S. surge arrester market will witness growth on account of enhanced efforts toward power capacity expansion to meet the increasing electricity demand. In addition, extensive upgradation of power substation to improve the electrical reliability along with growing focus to develop efficient electrification systems to mitigate the flashovers will positively influence the industry growth. For instance, in 2017, a substation stricken by equipment failure led to a huge power outage in San Francisco, left around 90,000 electricity consumers without power. Increasing number of transformer failure instances on account of various lightning & internal switching events will stimulate the demand for proper power protection systems, thereby driving the industry outlook.
Polymer surge arrester market in 2018 was over USD 600 million. Ability to endure high environmental stresses along with applicability of these systems in distinct voltage ranges owing to their high mechanical strength, easy installation & handling will complement the industry landscape.
High voltage surge arrester market is set to witness growth of over 6% by 2025. Increasing adoption of these systems in HVDC lines across the emerging economies will stimulate the product penetration. In 2017, India announced plans to construct 800 kV HVDC transmission line, that will hold the capacity to supply electric power to around 80 million people. Growing measures for the protection of T&D systems from voltage fluctuations along with enhanced adoption of Flexible Alternating Current Transmission Systems (FACTS) to improve the availability & reliability of line networks will positively impact the business scenario.
Increasing regulatory pressure toward the adoption of energy efficient systems along with rising focus of utilities to refurbish the aging transmission and distribution infrastructure will boost the surge arrester market. For instance, in 2017, an investment of USD 21.9 billion was made by the Edison Electric Institute toward improving the safety & efficiency of transmission infrastructure.
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Key industry players across the surge arrester market consist of Schneider Electric, ABB, General Electric, Hubbell power systems, Eaton, Siemens, CG Power, TE connectivity, Elpro, DEHN and Lamco amongst others.
Table of Content
Chapter 1 Methodology & Scope
1.2 Market definitions
1.3 Market estimates & forecast parameters
1.4 Data sources
Chapter 2 Executive Summary
Chapter 3 Surge Arrester Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2014 - 2025 (USD Million)
3.3 Industry ecosystem analysis
3.3.1 Vendor Matrix
3.4 Regulatory landscape
3.5 Innovation and technology landscape
3.5.3 TDK Electronics
3.5.4 Other innovations
3.6 Price trend analysis
3.7 Industry impact forces
3.8 Comparative analysis between surge arresters and surge protectors
3.9 History and development of surge arresters
3.10 Comparison of three class of surge arresters
3.11 Flowchart for the simplified selection of surge arresters
3.12 Growth potential analysis
3.13 Key customer requirement
3.14 Entry barriers
3.16 Porter's Analysis
3.17 Competitive landscape, 2018
Chapter 4 Surge Arrester Market, By Voltage
4.1 Surge arrester market share by voltage, 2018 & 2025
Chapter 5 Surge Arrester Market, By Class
5.1 Surge arrester market share by class, 2018 & 2025
Chapter 6 Surge Arrester Market, By Material
Chapter 7 Surge Arrester Market, By Application
Chapter 8 Surge Arrester Market, By Region
Chapter 9 Company Profiles
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