Surge Arrester Market To Witness A Steady Growth By 2023

Market Highlights
Globally, there is an increase in the need for communication systems, servers and datacenters due to the industrial initiative to facilitate data capture, remote maintenance and remote diagnostics. This initiative is largely being applied to electrical and automobile sectors. To protect the critical equipment that are being used in datacenters and communication systems facilities, there is an increasing need for the protection systems equipment. Additionally, installations of high end electronic equipment, increased use of personal computers and air-conditioning systems in the developing & developed economies, are driving the market growth for surge arrester. Also, a global increase in the use of alternative energy systems is also expected to the drive the market.

Surge Arrester Market is expected to grow over the CAGR of more than 5.5% during the period 2015 to 2023

North-America is expected to dominate the global surge arrester market.
North America is expected to dominate the surge arrester market. This is mainly due to the fact that urbanization projects are rising in the region. Similarly, in the Europe region, digitization of manufacturing process, especially in the automobile and industrial sector is driving the market. For achieving higher production efficiency, intelligent ICT based machine systems that are capable of performing independently, are being implemented. This is acting as a lucrative market for surge arrester. The Asia Pacific region is expected to achieve the highest CAGR during the forecast period.

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Key Players
The key players of global surge arrester market are
• Siemens AG (Germany),
• Eaton Corporation Plc. (Ireland),
• Littelfuse, Inc. (U.S.),
• ABB, Ltd. (Switzerland),
• Schneider Electric SE (France),
• General Electric (U.S.),
• Vertiv. (U.S),
• HAKEL spol. S r. o (Czech),
• Legrand S.A. (France),
• Mitsubishi Electric Corporation (Japan),
• Crompton Greaves Ltd. (India)
• Emerson Electric (U.S).

Industrial application is expected to hold the largest share in surge arrester market.
The report has been analyzed based on applications, voltage and regions. The industrial application segment is expected to witness a substantial growth because of the growing alternative energy system implementation around the world. The increase in the investment on digitally transforming the electrical, auto and manufacturing industries for achieving high production efficiency, is driving the market for surge arrester. Also urbanized infrastructure programs demanding protection of dwellings from voltage surge due to lightning strikes, is further expected to drive the market for surge arrester.

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Table of Content

1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model

3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis

4 Global Surge Protection Market, By Voltage
4.1 Introduction
4.2 Low Voltage
4.3 Medium Voltage
4.4 High Voltage
5 Global Surge Protection Market, By Application
Continue………..

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