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Surge Arrester Market Is Expected To Witness Incremental Growth In The Forecast Period 2022-2031 | Hitachi ABB, Siemens Energy, General Electric
Surge Arrester Market
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The global surge arrester market report by the business research company identifies the increasing demand for continuous and reliable power supply is expected to significantly contribute to the growth of the surge arrester market. The increase in demand for electrical appliances and increasing investments in T&D (transmission and distribution) networks are helping the surge arrester market to grow.
The global surge arresters market size is expected to grow from $1.86 billion in 2021 to $1.95 billion in 2022 at a compound annual growth rate (CAGR) of 4.91%. The global surge arresters market size is expected to reach $2.51 billion in 2026 at a compound annual growth rate (CAGR) of 6.50%.
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North America was the largest region in the surge arresters market in 2021. Asia-Pacific is expected to be the fastest-growing region in the global surge arresters market during the forecast period. The regions covered in the global surge arresters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Major players in the surge arrester market are Hitachi ABB, Siemens Energy, General Electric, Eaton, Hubbell, CG Power, Schneider Electric, Meidensha, Mitsubishi Electric, Toshiba, Legrand, Lamco, Raycap Corporation SA, Leviton Manufacturing, NGK Insulators, Crompton Greaves, Littlefuse Inc., and CHINT Group.
The global surge arrester market is segmented -
1) By Type: Polymeric, Porcelain
2) By Class: Distribution Class, Intermediate Class, Station Class
3) By Application: AIS, GIS
4) By Voltage Type: Low Voltage Surge Arresters, Medium Voltage Surge Arresters, High Voltage Surge Arresters
5) By End User: Utilities, Industries, Transportation
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The Surge Arrester Market Report Contents Include
1. Executive Summary
2. Surge Arrester Market Characteristics
3. Surge Arrester Market Trends And Strategies
4. Impact Of COVID-19 On Surge Arrester
5. Surge Arrester Market Size And Growth
....
26. Africa Surge Arrester Market
27. Surge Arrester Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Surge Arrester Market
29. Surge Arrester Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the surge arrester market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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