Press release
Global Surge Arrester Market 2024 : Trends, Business Growth And Major Driving Factors | Siemens Energy, General Electric, Schneider Electric, Hubbell, Hitachi, CG Power And Industrial Solutions Ltd
Surge Arrester Global Market Report
The Business Research Company presents an extensive market research report on the Surge Arrester Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The surge arrester market size has grown strongly in recent years. It will grow from $2.12 billion in 2023 to $2.29 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to the rise in power consumption, increasing government investments to support energy infrastructure, strong economic growth in emerging markets and increasing investments in transmission and distribution (t&d) networks..
The surge arrester market size is expected to see strong growth in the next few years. It will grow to $3.05 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to the increasing demand for electricity, growing investments in renewable energy and rapid industrialization and growth in manufacturing industries. Major trends in the forecast period include focus on developing new technological solutions, focus on launching iot (internet of things) connected devices and solutions, focus on expanding production facilities and focus on mergers and acquisitions..
Request for free sample report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=7066&type=smp
Key Market Players:
Major companies operating in the surge arrester market report are Siemens Energy, General Electric, Schneider Electric, Hubbell, Hitachi, CG Power And Industrial Solutions Ltd, Mitsubishi Electric, Legrand Sa, Eaton Corporation Plc, Meidensha, Valuepower Earthing Private Limited, Ideal Engineers, Pentagon Earthing & Lightning Arrester, Abcot Lighting Protection System Private Limited, Hangzhou Yongde Electric Appliances Co Ltd, Yueqing Sarah Electrical Technology Co Ltd, Wenzhou Yikun Electric Co. Ltd, Yueqing Wortai Electric Co. Ltd, Zhejiang Haivo Electrical Co. Ltd, Zhejiang Zhongneng Electrical Co. Ltd, Otowa Electric Co. Ltd, Ge Oil & Gas, Ngk Insulators, Abb, Emerson Electric, Hakel Spol. S R., Vertiv, Te Connectivity, Lamco, Leviton Manufacturing, Raycap Corporation Sa, Interconexion Electrica, Enel X, Al Yamuna Densons, Dehn, Saudi Electricity Company
Market Drivers:
The growing electricity demand supports the growth of the market. The increasing electricity demand can be attributed to growing populations and increasing use of electrical and electronic appliances, especially in developing countries such as China, India, Brazil and some African countries. For example, according to the International Energy Agency (IEA), the global electricity demand increased by 6%, or 1,500 terawatt hours (TWh) in 2021. South East Asia is forecast to experience the highest growth at 5% on average between 2022 and 2024. The Asia Pacific region, including China, is predicted to experience the second-highest growth in electricity demand at about 4%. The demand in North America and Latin America is anticipated to increase by about 1% between 2022 and 2024, with Mexico and Canada experiencing the biggest percentage increases at 3-4% annually. The projected electricity demand growth for Europe is 1.7% in 2022, followed by flat demand in 2023 and 2024. Therefore, the increasing demand for electricity will boost the development of new power generation stations, supporting the demand for surge arresters
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/surge-arrester-global-market-report
The surge arrester market covered in this report is segmented -
1) By Type: Polymeric, Porcelain
2) By Voltage Type: Low Voltage Surge Arresters, Medium Voltage Surge Arresters, High Voltage Surge Arresters
3) By End-User: Utilities, Industries, Transportation, Other End-Users
4) By Application: AIS (Air Insulated Switchgear), GIS (Gas Insulated Switchgear)
5) By Class: Distribution Class, Intermediate Class, Station Class
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
Want To Know More About The Business Research Company?
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model "
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Surge Arrester Market 2024 : Trends, Business Growth And Major Driving Factors | Siemens Energy, General Electric, Schneider Electric, Hubbell, Hitachi, CG Power And Industrial Solutions Ltd here
News-ID: 3379821 • Views: …
More Releases from The Business Research Company
Global Factors Driving the Rapid Evolution of the Stem Cell Antibody Market
The stem cell antibody market is gaining significant traction as advancements in biotechnology and research efforts continue to expand. With growing demand across various sectors including healthcare and pharmaceuticals, this market is poised for substantial growth in the coming years. Let's explore the current market size, key players, segmentation, and trends shaping the future of the stem cell antibody industry.
Projected Size and Growth of the Stem Cell Antibody Market
The stem…
Smart Food Logistics Market Overview, Key Trends, and Insights on Top Players
The smart food logistics industry is rapidly evolving, driven by innovations aimed at enhancing the efficiency and safety of food transportation and storage. As technology becomes more integrated into supply chains, this market is poised for significant expansion in the coming years. Let's explore the projected market size, key players, emerging trends, and segment breakdowns shaping this dynamic sector.
Projected Market Size of the Smart Food Logistics Market by 2029
The smart…
Leading Companies Reinforcing Their Presence in the Silica Mineral Supplements M …
The silica mineral supplements market is gaining notable traction as consumers increasingly prioritize health and wellness. With rising interest in preventive care and new technological advancements, this sector is set for significant expansion. Let's explore the market's size, key drivers, leading companies, emerging trends, and the main segments shaping its future.
Market Size and Growth Outlook for the Silica Mineral Supplements Market
The silica mineral supplements market is projected to experience robust…
Global Trends Overview: The Fast-Paced Evolution of the Seed Protein Supplements …
The seed protein supplements market is gaining significant traction as consumers increasingly seek plant-based nutrition options. With evolving dietary preferences and technological advancements, this sector is poised for remarkable growth through the end of the decade. Below, we explore the market's size, key players, driving factors, trends, and segmentation to understand its future potential.
Projected Expansion of the Seed Protein Supplements Market Size Through 2029
The seed protein supplements market is set…
More Releases for Electric
Electrical Isolators Market 2023: Mitsubishi Electric, Orient Electric, Schneide …
The Electrical Isolators Market size (volume and value) and industry chain structure published by The Insight Partners through its high quality database which is a valuable source of guidance and direction for companies and individual interested in the industry.
An electrical isolator is a material in which electric current does not flow freely. The atoms of the insulator have tightly bound electrons which cannot readily move. Other materials, semiconductors and conductors…
Electric Motors for Electric Vehicle Market by Manufacturers: Hitachi Automotive …
Electric Motors for Electric Vehicle Market research report analyzes and studies the Electric Motors for Electric Vehicle Market's production, value, financial status, and capacity. It also provides information about market share and development plans during the projected period. Moreover, the Electric Motors for Electric Vehicle Market research report provides data about key manufacturers and focuses on the market competition landscape by analyzing the market by application, product type, and region.
Click…
Thermal Overload Relay Market 2021 Precise Outlook - ABB, Schneider Electric, Ea …
Global Thermal Overload Relay Market Size, Status and Forecast 2021
The Global Thermal Overload Relay Market report offers in-depth information and comprehensive analysis of the market. It provides a complete overview of the market with detailed insights on key aspects including the current market situation, potential size, volume, and dynamics of the market. This research report makes a thorough assessment of the COVID-19 pandemic and its impact on the current market…
Global Electric Motors for Electric Vehicles Market 2025 | MAHLE GmbH, Protean E …
Researchmoz added Most up-to-date research on "Global Electric Motors for Electric Vehicles Market Insights, Forecast to 2025" to its huge collection of research reports.
This report presents the worldwide Electric Motors for Electric Vehicles market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities…
Yokogawa Electric, General Electric Profiled in Smart Factory Solutions Market 2 …
Global Smart Factory Solutions Market which focuses on effective strategies of the business framework. It highlights the recent market trends stringent energy regulations and growing pressure to conform to energy efficiency. The research methods and tools used to analyze the studies are both primary and secondary research.
This market research report on analyzes the growth prospects for the key vendors operating in this market space including Siemens, ABB, Honeywell International, Yokogawa…
Global Quartz Heat Lamps Market 2017 : Indu Electric Gerber, Schneider Electric, …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Quartz Heat Lamps market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in…
