Surge Arrester Market Size, Emerging Trends, Forecasts, and Analysis 2021-2026

Stratview Research has announced a new report on the Surge Arrester Market. According to the report, the market size is likely to witness an impressive CAGR of 6.0% during the forecast period. Growing electricity demand, large scale renewable integration, refurbishment of existing grid networks, and increasing electric infrastructure spending are some of the major factors expected to drive the market growth over the forecast period.

Market Segmentation
The Surge Arrester Market is segmented by Voltage Type (Low, Medium, and High), by Class Type (Distribution, Intermediate, and Station), by Material Type (Polymer and Porcelain), by Application Type (Residential & Commercial, Industrial, and Utility), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

According to the report, the market is segmented as low, medium, and high. Low voltage is estimated to witness significant growth in the market during the forecast period owing to the growing electrification of rural areas across the developing economies coupled with rapid expansion of residential establishments. On the other hand, medium voltage is also estimated to register significant growth in the market during the forecast period owing to rapid industrialization on account of economic diversification.

Based on the class type, the market is segmented as distribution, intermediate, and station. Distribution class is estimated to witness high growth in the market during the forecast period on account of superior overvoltage protection provided by it. Further, station class is also estimated to account for a significant share of the market owing to various lucrative features, such as high-pressure relief capability, superior performance to resist contamination, high durability, and excellent cantilever strength offered by it.

Based on the material type, the market is segmented as polymer and porcelain. The polymer material is estimated to register high growth rate in the market during the forecast period. The growth of the segment is attributed to its extensive suitability across distinct voltage ranges and features, such as easy handling & installation, low manufacturing & operational cost, and reliable performance in harsh environments. Further, porcelain is also estimated to witness significant growth in the market owing to its capability to be self-supporting and resist environmental aging.

Based on the application type, the market is segmented as residential & commercial, industrial, and utility. The industrial segment is estimated to account for the major share of the market on account of growing focus toward mitigating power quality issues across the industrialized economies, fueling the overall industry growth during the forecast period.

In terms of regions, Europe is estimated to be the leading region in the market during the forecast period owing to growing investments by the government imposing stringent regulations to modernize smart grid infrastructures. In addition, in North America, the U.S. is estimated to account for significant share of the market on account of increasing investments by utilities toward capital additions coupled with increasing security compliance standards, fueling the regional market growth. Moreover, Asia-Pacific is also estimated to offer substantial growth opportunities over the forecast period.

How stakeholders can benefit from this report –
This report covers a thorough analysis of the following segments:
- Surge Arrester Market Dynamics.
- Market Size and forecast from 2021 till 2026.
- Supply & Demand Value Chain.
- Surge Arrester Market Current Trends/Issues/Challenges.
- Competition & Companies involved.
- Effecting Technology.
- Surge Arrester Market Drivers and Restraints.

Research Methodology
The report provides a thorough analysis that reflects today’s Surge Arrester Market realities and future market possibilities. The information provided in the report can play a crucial role for the users as well as investors, or those who are planning to step into the industry, in formulating the growth strategies to expedite their growth process.
Experts at Stratview have compiled this report after following a detailed research methodology comprising secondary research, and primary interviews with industry stakeholders. Several authenticated sources such as company annual reports, fact books, press releases, white papers, and articles have been leveraged to gather the data.

Key Players
The following are the key players in the Surge Arrester Market.

• ABB Limited
• CG Power and Industrial Solutions Limited
• DEHN
• Eaton Corporation
• General Electric
• Hakel
• Hubbell Power Systems
• INAEL Electrical Systems
• Siemens AG
• TE Connectivity.

Read More : https://www.stratviewresearch.com/1766/surge-arrester-market.html

Report Customization Options
With this detailed report, Stratview Research also offers one of the following (complementary) customization options to our valued clients:
- Company Profiling -Detailed profiling of additional market players (up to three players)
- Competitive Benchmarking - Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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This release was published on openPR.