Surge Arrester Market – Globally Market Size, Analysis, Share, Research, Business Growth And Forecast To 2028
The report analyzes and predicts the global surge arresters’ market size in terms of volume and value. It provides all the segments in detail and also mentions the dominant segments separately. It further examines competitive developments, namely, acquisitions, latest product launches, mergers, and expansions.
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The global surge arrester market is projected to gain impetus from a rise in the government initiatives to electrify villages and remote regions around the world. According to an upcoming report by Fortune Business Insights, titled, “Surge Arrester Market Size, Share and Global Trend By Voltage (Low, Medium, High, Extra High), By Material (Polymeric, Porcelain), By Class (Distribution, Intermediate, Station), By Application (Industrial, Commercial, Residential, Utility) and Geography Forecast till 2028,” increasing focus on the up-gradation of old electrical infrastructure to rebuild the power transmission and distribution system is likely to boost the global surge arrester market growth during the forecast period. Moreover, rising industrial activities will also contribute to growth.
Fortune Business Insights lists out some of the renowned players operating in the global surge arrester market. They are:
- GE Oil & Gas
- Hubbell, Schneider Electric
- Mitsubishi Electric
- CG Power
- NGK Insulators
- Legrand S.A.
- Emerson Electric
- HAKEL spol. Sr
- TE Connectivity
- Leviton Manufacturing
- Raycap Corporation S.A.
Key Market Driver – Increase in electrification projects along with up-gradation of aging power system
Key Market Restraint – Earth connect should be checked regularly
Polymeric Surge Arrester Segment to Grow Exponentially Due to Multiple Benefits
In terms of material, the global surge arrester market is divided into porcelain and polymeric. Amongst them, the polymeric surge arrester is expected to lead the global market. It would occur as polymeric has several benefits over porcelain surge arresters. A polymeric surge arrester is hydrophobic in nature and is very light in weight. It can be used in both indoor and outdoor systems to protect electrical devices from damage. Additionally, the polymer is able to handle extreme energy.
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North America to Exhibit Growth Owing to Expansion of Power Networks
The global surge arrester market is geographically categorized into Latin America, Europe, the Middle East, and Africa, North America, and Asia Pacific. Out of these, North America is expected to grow rapidly due to the expansion of power networks and the enhancement of traditional electricity infrastructure in order to meet the urgent need of power as well as to reduce power failure during harsh climatic conditions. Furthermore, rising industrialization coupled with the increasing usage of digitization and automation will also contribute to market growth in this region. Numerous residential construction projects are also planned in this region. Such projects require surge arresters for electrification and hence, it is another major growth driver in this region.
Singapore Land Transport Authority Awards Electrification Contract to Siemens
Siemens, a multinational conglomerate company, based in Munich, announced in September 2019 that it has bagged the electrification contract from Singapore Land Transport Authority. According to the contract, the company will electrify the Circle Line Stage 6 and the North East Line extension (NELe). Siemens will revamp its Catenary System Standard Rigid (Sicat SR) aluminum overhead busbar system. The total length of the extension to the Circle Line is 39.5km and it is set to open in 2025.
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Major Table of Content For Surge Arrester Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Surge Arrester Market Analysis, Insights and Forecast, 2026
- North America Surge Arrester Market Analysis, Insights and Forecast, 2026
- Europe Surge Arrester Market Analysis, Insights and Forecast, 2026
- Asia Pacific Surge Arrester Market Analysis, Insights and Forecast, 2026
- The Middle East and Africa Surge Arrester Market Analysis, Insights and Forecast, 2026
- Latin America Surge Arrester Market Analysis, Insights and Forecast, 2026
- Competitive Landscape
- Company Profile
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