Surge Arrester Market to Reach US$ 2.7 Billion by 2030, Driven by Growing Demand for Power Protection Solutions | RationalStat Market Study

The global surge arrester market is expected to hit revenue of US$ 2.7 billion by 2030, with an annual growth rate of more than 4.8%

 | Source: Rationalstat LLC Rationalstat LLC

Wilmington, Delaware, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Global Surge Arrester Market is valued at US$ 1.9 billion in 2023 and is expected to grow at a significant CAGR of approximately 4.8% over the forecast period of 2023-2030, according to the published market report by RationalStat


Market Definition, Market Scope, and Report Overview

Surge arresters, are electrical devices designed to protect electronic and electrical equipment, as well as power distribution systems, from voltage spikes or surges. These voltage surges can result from various sources, including lightning strikes, electrical faults, switching events, and other transient disturbances in the power supply. Surge arresters are used to divert or limit the energy of these surges, preventing damage to sensitive equipment and ensuring the stable operation of electrical systems.

The proliferation of electronic devices and equipment in residential, commercial, and industrial settings has heightened the need for surge protection to prevent damage and data loss.

  • According to a deep-dive market assessment by RationalStat, the global surge arrester market has been analyzed on the basis of market segments, including type, voltage (in kV), material type, end user and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
  • Market intelligence for the global surge arrester market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
  • In addition, the long-term sector and products/services 10-year outlook and its implications on the global surge arrester market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

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Global Surge Arrester Market: Segmental and Market Share Analysis

  • On the basis of end user, utilities is expected to dominate the surge arresters market, principally due to the wide use of electrical network in the utilities industries.

Report Synopsis

Report Metrics Details
Base Year 2022
Forecast Period 2023-2030
Base Year Market Size US$ 1.9 billion
Market Size Forecast US$ 2.7 billion
Growth Rate 4.8%
Key Market Drivers
  • Increasing use of electronic devices
  • Increased lightning activity
  • Rising use of sensitive electronics
Companies Profiled
  • LEGRAND
  • Emerson
  • General Electric
  • Phoenix Contact
  • DEHN
  • Schneider Electric
  • Eaton
  • Siemens AG
  • ABB
  • TDK Electronics

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Competition Analysis and Market Structure

These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global aortic valve replacement devices market include,

  • In January 2021, Emerson expanded its SolaHD surge protection devices portfolio by introducing several upgrades to products within the portfolio, thereby equipping users with various ways to protect electronics.

Some of the prominent players and suppliers operating and contributing significantly to the global surge arrester market growth include LEGRAND, Emerson, General Electric, Phoenix Contact, DEHN, Schneider Electric, Eaton, Siemens AG, ABB, and TDK Electronics, among others.

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RationalStat has segmented the global surge arrester market based on type, voltage (in kV), material type, end user, and region

  • Global Surge Arrester Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Type
    • Secondary
    • Distribution
    • Intermediate
    • Station Class
    • Others
  • Global Surge Arrester Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Voltage (in kV)
    • Less than 100
    • 100 – 500
    • 500 – 700
    • More than 700
  • Global Surge Arrester Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Material Type
    • Polymeric
    • Porcelain
    • Others
  • Global Surge Arrester Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by End User
    • Industries
    • Transportation
    • Utilities
    • Others
  • Global Surge Arrester Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
    • North America Surge Arrester Market
      • US
      • Canada
    • Latin America Surge Arrester Market
      • Brazil
      • Mexico
      • Rest of Latin America
    • Western Europe Surge Arrester Market
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Benelux
      • Nordic
      • Rest of Western Europe
    • Eastern Europe Surge Arrester Market
      • Russia
      • Poland
      • Hungary
      • Other CIS Countries
      • Rest of Eastern Europe
    • Asia Pacific Surge Arrester Market
      • China
      • Japan
      • India
      • South Korea
      • Australia
      • ASEAN
        • Indonesia
        • Thailand
        • Philippines
        • Vietnam
        • Malaysia
        • Rest of ASEAN
      • Rest of Asia Pacific
    • Middle East & Africa Surge Arrester Market
      • GCC
        • Saudi Arabia (KSA)
        • United Arab Emirates (UAE)
        • Rest of the GCC
      • South Africa
      • Nigeria
      • Turkey
      • Rest of the Middle East & Africa

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Key Questions Answered in the Surge Arrester Report:

  • What will be the market value of the global surge arrester market by 2030?
  • What is the market size of the global surge arrester market?
  • What are the market drivers of the global surge arrester market?
  • What are the key trends in the global surge arrester market?
  • Which is the leading region in the global surge arrester market?
  • What are the major companies operating in the global surge arrester market?
  • What are the market shares by key segments in the global surge arrester market?  

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Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

  • Defining the problem by understanding the type of market and data required by the client.
  • Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
  • Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
  • Evaluating and analyzing the data by referring to data sources utilized and leveraged.
  • Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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About RationalStat LLC                    

RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.

RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client’s needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.

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