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Surge Arrester Market Research Analysis, Application And In-Depth Qualitative Insights And Future Growth
Surge Arrester Market
Surge Arrester Market Size, Growth Rate, And Forecast
The global surge arrester market size grew from $1.97 billion in 2022 to $2.1 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The surge arrester market size is expected to grow to $2.83 billion in 2027 at a CAGR of 7.7%.
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Surge Arrester Market Drivers
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.
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Surge Arrester Market Segments
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
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Surge Arrester Market.
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Surge Arrester Market Key Players
Major competitors in the Surge Arrester Market include 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 Business Research Company's "Global Surge Arrester Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Surge Arrester Market Include:
1. Executive Summary
2. Surge Arrester Market Characteristics
3. Surge Arrester Market Trends And Strategies
4. Surge Arrester Market - Macro Economic Scenario
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
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