Press release
Surge Arresters Market Expected to Rise at a CAGR during 2020-2027 | ABB, CG Power and Industrial Solutions, CH-NT TURCA, Eaton, General Electric, Hubbell
Surge Arresters
The mounting demand for consumer electronics and appliances, activated by the increase in disposable incomes and the regular changes in the lifestyles of individuals across the world, has boosted the demand for surge arresters market. As the surge arresters are highly effective in normalizing and adjusting power consumption, they provide effectual protection to electronic appliances against the damages from unexpected voltage surges, ensuring their and their surrounding's safety.
The increasing investments in smart grids and energy systems, protection of equipment from failure produced by frequent voltage spikes, and old power infrastructure are some of the significant factors driving the growth of the surge arresters market. Moreover, the increase in industrialization in emerging economies is also anticipated to stimulate the demand for surge arresters.
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The reports cover key developments in the Surge Arresters market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Surge Arresters Market are anticipated to lucrative growth opportunities in the future with the rising demand for Surge Arresters Market in the global market.
Key Players Influencing the Market:
• ABB
• CG Power and Industrial Solutions
• CH-NT TURCA
• Eaton
• General Electric
• Hubbell
• Mitsubishi Electric Corporation
• Schneider Electric
• Siemens Energy
• TE Connectivity
The "Global Surge Arresters Market Analysis to 2027" is a specialized and in-depth study of the surge arresters market with a special focus on the global market trend analysis. The report aims to provide an overview of surge arresters market with detailed market segmentation by type, voltage, end user. The global surge arresters market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading surge arresters market players and offers key trends and opportunities in the surge arresters market.
The global surge arresters market is segmented on the basis of type, voltage, end user. On the basis of type, the market is segmented as polymeric, porcelain. On the basis of voltage, the market is segmented as medium voltage, high voltage, extra-high voltage. On the basis of end user, the market is segmented as utilities, industries, transportation.
Besides this, the report analyzes factors affecting Surge Arresters market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions considered in the Global Surge Arresters Market report.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Surge Arresters market based on the type and application. It also provides market size and forecast till 2027 for overall Surge Arresters market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
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Answers that the report acknowledges:
• Market size and growth rate during forecast period.
• Key factors driving the Surge Arresters Market.
• Key market trends cracking up the growth of the Surge Arresters Market.
• Challenges to market growth.
• Key vendors of Surge Arresters Market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Surge Arresters Market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.
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