Press release
Surge Arrester 2018 Global Market Size, Share, Growth, Trends, 10 Company Profiles and 2023 Future Market Analysis
The main drivers of the market are increased demand for electrical appliances, deployment of electrical equipment’s, boost in power generation, and replacement of existing infrastructure of power with new one. North America accounts the highest share in the global surge arrester market followed by China, which is the fastest growing market. Technological advancements in the sector is another reason for growth in this market.
Among from regions, North America, owing to the technical developments accounted for about 26% of the global market in 2017, which is the largest share. Asia Pacific surge arrester market, however, is projected to have the highest growth during the forecast period, at a CAGR higher than 10.0%, which is a positive sign for the market, especially the emerging markets.
The global surge arrester market is segmented by type as polymeric & porcelain, by voltage as low, medium & high, by class as distribution, intermediate & station, by application as industrial, commercial & residential, and by region as North America, Asia Pacific, Middle East, South America, and Africa).
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Top Key Players:-
The major key player in global surge arrester markets are Siemens (Germany), GE Oil & Gas (U.S.), Hubbell (U.S.), Schneider Electric (France), Mitsubishi Electric (Japan), CG Power (India), NGK Insulators (Japan), ABB (Switzerland), Eaton (Republic of Ireland), Legrand S.A (France), Emerson Electric (U.S.), HAKEL spol. S r. (Czech Republic), Vertiv. (U.S.), TE Connectivity (Switzerland), Lamco (India), leviton manufacturing (U.S.), Raycap Corporation SA (U.S.), etc.
Major Points of TOC:-
1 Executive Summary
2 Market Introduction
3 Research Methodology
4 Market Dynamics
4.1 Introduction 24
4.2 Drivers 25
4.2.1 Increased Demand For Energy-Efficient Compressors 25
4.2.2 Low Maintenance And Operation Costs 25
4.2.3 Growth Of The Mining Equipment Market 25
4.2.4 Drivers Impact Analysis 26
4.3 Restraint 26
4.3.1 Fluctuation In Raw Material Prices 26
4.3.2 Restraint Impact Analysis 26
4.4 Opportunity 27
4.4.1 Growing Industrial Activities In Asia-Pacific 27
Continued.......
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Global Surge Arrester Market Analysis:-
Based on applications, the global surge arrester market is segmented into industrial, commercial and residential. Among them, revenue generation from commercial sector is projected to expand at a CAGR of approx. 8.50% during the forecast period.
Based on regions, North America and Asia Pacific together account for more than 15.0% share of the total in application-based surge arresters, globally, due to expressive infrastructure development in the power sector. Countries like China and India from Asia Pacific region have new projects to develop and still have potential to reach at the surge.
Global surge arrester market is mainly driven by the changing preferences of the working population, driving the need for automation and digitalization. Furthermore, the renewable sector is also acting as a driver for this market. Countries such as China and India in the Asia Pacific region witness the developments of various power plants for the generation of energy by renewable sources such as tidal, wind, and solar. This reason is one of the main drivers of the surge arrester market in Asia Pacific with a CAGR of 5.1% during the forecast period.
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