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Global Surge Arrester Market Size Study & Forecast, By Type (Porcelain, Polymeric) By Class (Station Class, Intermediate Class, Distribution Class), By Voltage Level (High, Medium, Low), by Application (Utility, Industrial) and Regional Analysis, 2023-2030

April 2024 | 200 pages | ID: G30715109EF2EN
Bizwit Research & Consulting LLP

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Global Surge Arrester Market is valued at approximately USD 1.91 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.70% over the forecast period 2023-2030. A Surge Arrester is a crucial component of electrical systems designed to protect equipment and devices from voltage spikes or surges. These surges can occur due to lightning strikes, switching operations, or other transient events in the electrical grid. Surge Arresters divert excess voltage to the ground, preventing it from reaching and damaging sensitive equipment connected to the electrical system. Surge arresters work by diverting excess voltage to the ground, thereby preventing it from reaching and damaging sensitive equipment connected to the electrical system. The Surge Arrester market is expanding because of factors such as an increase in the deployment of smart grid infrastructure, growing adoption of electronics and IoT devices, and increasing investment in renewable energy projects.

Surge arresters play a vital role within transmission and distribution networks, serving as essential safeguards for electrical equipment. They find application in substations, transmission lines, and various other components of electrical networks. The surge arrester market is experiencing significant growth primarily due to increased investments in transmission and distribution (T&D) networks. As T&D networks expand and improve, directly influenced by the surge in investment, the market experiences a notable boost. The surge in electrification projects in China and India, along with network expansions aimed at facilitating the integration of renewable energy sources in the U.S., Europe, and other developed nations, is poised to propel market growth in the coming years. According to the International Energy Agency (IEA), investments in smart grids are projected to reach USD 290 billion in 2021, surpassing the USD 270 billion recorded in 2019. This surge in investment is attributed to the ambitious development plans of state-owned utilities, aligning with the net-zero targets set for 2060 and the ambitious renewable energy agenda outlined in the 14th Five-Year Plan. In addition, rising technological advancement such as integration of new technology in surge arrester and development of eco friendly products and increasing incidence of lightning strikes are creating new opportunities for market growth. However, fluctuations in raw material prices stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Surge Arrester Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to factors such as rapid urbanization and industrialization, investments in power infrastructure, increasing renewable energy integration, and expansion of telecommunications and data centers in the region. North America is expected to grow at the fastest rate during the forecast period, owing to factors such as increasing demand for electricity, rising investments in renewable energy, stringent safety regulations, increasing awareness about power quality, and replacement and upgradation of aging infrastructure.

Major market players included in this report are:

ABB Ltd.

Siemens AG

Eaton Corporation

Schneider Electric SE

General Electric Company

Mitsubishi Electric Corporation

TE Connectivity Ltd.

Littelfuse, Inc.

Legrand SA

Hubbell Incorporated

Recent Developments in the Market:
  • In November 2021, Hitachi ABB Power Grids inaugurated a state-of-the-art surge arrester manufacturing facility in Xiamen, Fujian Province, China, aimed at meeting the escalating safety requirements for transmission and distribution systems in the region.
  • In September 2021, Toshiba unveiled plans to significantly enhance its production capacity for polymer-based surge arresters. With an anticipated threefold increase by April 2022, this expansion at Toshiba ESS is geared toward meeting the surging demand for surge arresters that safeguard critical electricity transmission and distribution infrastructure from lightning-induced overvoltage. These surge arresters also play a pivotal role in the operation of circuit breakers at Hamakawasaki Operations in Japan.
Global Surge Arrester Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered – Type, Class, Voltage Level, Application, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent to up to 8 analysts’ working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters to detailed information about the crucial aspects such as driving factors & challenges that will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Porcelain

Polymeric

By Class:

Station Class

Intermediate Class

Distribution Class

By Voltage Level:

High

Medium

Low

By Application:

Utility

Industrial

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Surge Arrester Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Surge Arrester Market, by Type, 2020-2030 (USD Billion)
  1.2.3. Surge Arrester Market, by Class, 2020-2030 (USD Billion)
  1.2.4. Surge Arrester Market, by Voltage Level, 2020-2030 (USD Billion)
  1.2.5. Surge Arrester Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL SURGE ARRESTER MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL SURGE ARRESTER MARKET DYNAMICS

3.1. Surge Arrester Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Increase in Deployment of Smart Grids Infrastructure
    3.1.1.2. Growing Adoption of Electronics and IoT Devices
    3.1.1.3. Increasing Investment in Renewable Energy Projects
  3.1.2. Market Challenges
    3.1.2.1. Fluctuations in Raw Material Prices
  3.1.3. Market Opportunities
    3.1.3.1. Rising Technological Advancement
    3.1.3.2. Increasing Incidence of Lightning Strikes

CHAPTER 4. GLOBAL SURGE ARRESTER MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL SURGE ARRESTER MARKET, BY TYPE

5.1. Market Snapshot
5.2. Global Surge Arrester Market by Type, Performance - Potential Analysis
5.3. Global Surge Arrester Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Surge Arrester Market, Sub Segment Analysis
  5.4.1. Porcelain
  5.4.2. Polymeric

CHAPTER 6. GLOBAL SURGE ARRESTER MARKET, BY CLASS

6.1. Market Snapshot
6.2. Global Surge Arrester Market by Class, Performance - Potential Analysis
6.3. Global Surge Arrester Market Estimates & Forecasts by Class 2020-2030 (USD Billion)
6.4. Surge Arrester Market, Sub Segment Analysis
  6.4.1. Station Class
  6.4.2. Intermediate Class
  6.4.3. Distribution Class

CHAPTER 7. GLOBAL SURGE ARRESTER MARKET, BY VOLTAGE LEVEL

7.1. Market Snapshot
7.2. Global Surge Arrester Market by Voltage Level, Performance - Potential Analysis
7.3. Global Surge Arrester Market Estimates & Forecasts by Voltage Level 2020-2030 (USD Billion)
7.4. Surge Arrester Market, Sub Segment Analysis
  7.4.1. High
  7.4.2. Medium
  7.4.3. Low

CHAPTER 8. GLOBAL SURGE ARRESTER MARKET, BY APPLICATION

8.1. Market Snapshot
8.2. Global Surge Arrester Market by Application, Performance - Potential Analysis
8.3. Global Surge Arrester Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
8.4. Surge Arrester Market, Sub Segment Analysis
  8.4.1. Utility
  8.4.2. Industrial

CHAPTER 9. GLOBAL SURGE ARRESTER MARKET, REGIONAL ANALYSIS

9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Surge Arrester Market, Regional Market Snapshot
9.4. North America Surge Arrester Market
  9.4.1. U.S. Surge Arrester Market
    9.4.1.1. Type breakdown estimates & forecasts, 2020-2030
    9.4.1.2. Class breakdown estimates & forecasts, 2020-2030
    9.4.1.3. Voltage Level breakdown estimates & forecasts, 2020-2030
    9.4.1.4. Application breakdown estimates & forecasts, 2020-2030
  9.4.2. Canada Surge Arrester Market
9.5. Europe Surge Arrester Market Snapshot
  9.5.1. U.K. Surge Arrester Market
  9.5.2. Germany Surge Arrester Market
  9.5.3. France Surge Arrester Market
  9.5.4. Spain Surge Arrester Market
  9.5.5. Italy Surge Arrester Market
  9.5.6. Rest of Europe Surge Arrester Market
9.6. Asia-Pacific Surge Arrester Market Snapshot
  9.6.1. China Surge Arrester Market
  9.6.2. India Surge Arrester Market
  9.6.3. Japan Surge Arrester Market
  9.6.4. Australia Surge Arrester Market
  9.6.5. South Korea Surge Arrester Market
  9.6.6. Rest of Asia Pacific Surge Arrester Market
9.7. Latin America Surge Arrester Market Snapshot
  9.7.1. Brazil Surge Arrester Market
  9.7.2. Mexico Surge Arrester Market
9.8. Middle East & Africa Surge Arrester Market
  9.8.1. Saudi Arabia Surge Arrester Market
  9.8.2. South Africa Surge Arrester Market
  9.8.3. Rest of Middle East & Africa Surge Arrester Market

CHAPTER 10. COMPETITIVE INTELLIGENCE

10.1. Key Company SWOT Analysis
  10.1.1. Company
  10.1.2. Company
  10.1.3. Company
10.2. Top Market Strategies
10.3. Company Profiles
  10.3.1. ABB Ltd.
    10.3.1.1. Key Information
    10.3.1.2. Overview
    10.3.1.3. Financial (Subject to Data Availability)
    10.3.1.4. Product Summary
    10.3.1.5. Recent Developments
  10.3.2. Siemens AG
  10.3.3. Eaton Corporation
  10.3.4. Schneider Electric SE
  10.3.5. General Electric Company
  10.3.6. Mitsubishi Electric Corporation
  10.3.7. TE Connectivity Ltd.
  10.3.8. Littelfuse, Inc.
  10.3.9. Legrand SA
  10.3.10. Hubbell Incorporated

CHAPTER 11. RESEARCH PROCESS

11.1. Research Process
  11.1.1. Data Mining
  11.1.2. Analysis
  11.1.3. Market Estimation
  11.1.4. Validation
  11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Surge Arrester Market, report scope
TABLE 2. Global Surge Arrester Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Surge Arrester Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4. Global Surge Arrester Market estimates & forecasts by Class 2020-2030 (USD Billion)
TABLE 5. Global Surge Arrester Market estimates & forecasts by Voltage Level 2020-2030 (USD Billion)
TABLE 6. Global Surge Arrester Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 7. Global Surge Arrester Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Surge Arrester Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Surge Arrester Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Surge Arrester Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Surge Arrester Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Surge Arrester Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Surge Arrester Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Surge Arrester Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Surge Arrester Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. Global Surge Arrester Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Surge Arrester Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18. U.S. Surge Arrester Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. U.S. Surge Arrester Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Surge Arrester Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 21. Canada Surge Arrester Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. Canada Surge Arrester Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Surge Arrester Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 24. UK Surge Arrester Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. UK Surge Arrester Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Surge Arrester Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 27. Germany Surge Arrester Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. Germany Surge Arrester Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Surge Arrester Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 30. France Surge Arrester Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. France Surge Arrester Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Surge Arrester Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 33. Italy Surge Arrester Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Italy Surge Arrester Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Surge Arrester Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 36. Spain Surge Arrester Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. Spain Surge Arrester Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Surge Arrester Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 39. RoE Surge Arrester Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. RoE Surge Arrester Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Surge Arrester Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 42. China Surge Arrester Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. China Surge Arrester Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Surge Arrester Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 45. India Surge Arrester Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. India Surge Arrester Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Surge Arrester Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 48. Japan Surge Arrester Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. Japan Surge Arrester Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Surge Arrester Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 51. South Korea Surge Arrester Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. South Korea Surge Arrester Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Surge Arrester Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 54. Australia Surge Arrester Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. Australia Surge Arrester Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Surge Arrester Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 57. RoAPAC Surge Arrester Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. RoAPAC Surge Arrester Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Surge Arrester Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 60. Brazil Surge Arrester Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Brazil Surge Arrester Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Surge Arrester Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 63. Mexico Surge Arrester Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. Mexico Surge Arrester Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Surge Arrester Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 66. RoLA Surge Arrester Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. RoLA Surge Arrester Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. Saudi Arabia Surge Arrester Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 69. South Africa Surge Arrester Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. RoMEA Surge Arrester Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 71. List of secondary sources, used in the study of Global Surge Arrester Market
TABLE 72. List of primary sources, used in the study of Global Surge Arrester Market
TABLE 73. Years considered for the study
TABLE 74. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Surge Arrester Market, research methodology
FIG 2. Global Surge Arrester Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Surge Arrester Market, key trends 2022
FIG 5. Global Surge Arrester Market, growth prospects 2023-2030
FIG 6. Global Surge Arrester Market, porters 5 force model
FIG 7. Global Surge Arrester Market, pest analysis
FIG 8. Global Surge Arrester Market, value chain analysis
FIG 9. Global Surge Arrester Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Surge Arrester Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Surge Arrester Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Surge Arrester Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Surge Arrester Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Surge Arrester Market, regional snapshot 2020 & 2030
FIG 15. North America Surge Arrester Market 2020 & 2030 (USD Billion)
FIG 16. Europe Surge Arrester Market 2020 & 2030 (USD Billion)
FIG 17. Asia Pacific Surge Arrester Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Surge Arrester Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Surge Arrester Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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