Press release
Surge Arrester Market Global Outlook 2021-2026: ABB Ltd., CG Power and Industrial Solutions Ltd, Siemens AG, Schneider electric SE
The Global Surge Arrester Market Research Report 2021-2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope, and application of this report.The surge arrester market is expected to grow at a CAGR of over 5% during the forecast period of 2020 to 2025.
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Key Market Players:
ABB Ltd., CG Power and Industrial Solutions Ltd, Siemens AG, Schneider electric SE, General Electric Company, Mitsubishi Electric Corporation, Legrand SA, and Other
Key Market Trends
Industrial Sector to Dominate the Market
- The estimate for surge arrester market in 2018 was over USD 400 million, this figure is expected to grow even more owing to the factors like rapid urbanization and industrialization of developing countries like India, China, etc.
- Rise in focus on reducing downtime due to equipment failure and focus towards resolving power quality issues across industrialized economies caused by voltage spikes have helped the market grow in recent years and is expected to follow this trend in forecast period.
- Electricity supply to industrial sector was over 31.9 quadrillion BTU in 2012 and is expected to rise at an average rate of 1.3% per year to reach 46.3 quadrillion BTU in 2040.
- Industrial energy requirement of China increased fourfold from 14.8 quadrillion BTU in 1990 to 59.0 quadrillion BTU in 2012, all the while the share of electricity in energy supply have increased in this energy mix and is expected to do the same in forecast period.
- Therefore, the aforementioned factors, are expected to drive the market in forecast period, similar to the trend witnessed in recent years.
Asia Pacific to Dominate the Market Growth
- Asia-Pacific has dominated the surge arrester market growth in 2018 and is expected to continue its dominance in the coming years as well. The region has seen an unprecedented increase during the past few years and is expected to increase further during the forecast period.
- Industrial, residential and commercial sectors are witnessing steady growth in the region, which is expected to offer tremendous growth opportunity for the global surge arrester players.
- Chinas growth in energy intensive steel industry have been significant in recent years, with a quarter of global steel being produced in China in 2004 and rising to half of the global steel in 2013. This rise in steel industry helped the surge arrester market grow with it and is expected to do the same in forecast period.
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What are the market factors that are explained in the report?
Executive Summary: It includes key trends of the global Surge Arrester market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Surge Arrester market based on production and revenue.
Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.
Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Surge Arrester market.
Market Segments: This part of the report discusses product type and application segments of the global Surge Arrester market based on market share, CAGR, market size, and various other factors.
Research Methodology: This section discusses the research methodology and approaches Surge Arrester used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.
The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
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How we have factored the effect of Covid-19 in our report:
All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc.MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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