Description
Introduction
Surge Arresters or Surge Protection Devices (SPD) are the devices that are used to protect the telecommunication systems and electrical power systems from damages caused by external or internal events. External events may consist of lightning, and internal damages can be caused due to switching events. Thus to protect the device from over-voltage transients, surge arresters are installed and attached to the conductor in the system. However, it must be noted that surge arresters do not protect the system from direct lightning. It only protects the system from the over-voltage transients caused by the lightning by diverting the lightning to the ground. The arrestor keeps the voltage of the equipment under control and withstanding limits and provides electric protection. Based on the level of efficiency, the surge arresters are rated. There are two basic requirements that any surge arrester has to fulfil: It must remain thermally stable in all the conditions, and it should be rated to provide the sufficient amount of electric protection to the system.
End-users
The end users of the Global Surge Arresters Market mainly include the companies with commercial, residential and industrial applications.
Market Dynamics
Few factors promoting Global Surge Arresters Market are the rapid industrialization in major parts of the world and establishment of large industries and factories in these regions. North America is currently leading the global market for surge arresters with approximately 30% of the share and revenue of around $545.2 Billion. Following America are Europe and the Asia Pacific, where industrialization is on the rise. Especially in India and China, surge arrester market is seeing a boom, and overall in Asia, it is expected to grow at a CAGR of 5.5% from 2017 to 2021. Recently, there have also been many instances where heavy losses have been incurred by industries due to damage caused by voltage fluctuations. This has encouraged industrialists to adopt surge arresters to avoid unnecessary damages and repair costs.
But one of the major reasons why surge arresters market is not expanding rapidly is the high cost of installation. Also, they have no live line capabilities, and the earth connection of the surge arresters have to be periodically checked. Also, their current handling capacities are very limited, and they can only be used with the systems where the system voltage does not exceed 33kV. Hence there are a few limitations which are hampering the growth of the global surge arrester market.
Market Segmentation
The Global Surge Arresters Market is segmented into the following categories:
- Product: Low Voltage Arresters, Medium Voltage Arresters, High Voltage Arresters
- Type: Rod arrester, Horn Gap Arrester, Multigap Arrester, Expulsion type arrester and Metal oxide arrester
- Application: Household, Industrial, Commercial
- Geography: North America, Asia Pacific, Europe
Regional/Geographic Analysis
Some of the major regions dominating in the Global Surge Arresters Market are North America, Europe, and the Asia Pacific. Out of these, North America is the biggest player with a market value of around $545.2 Million. Also, the global market for surge arresters has been estimated to be worth around $1.7 Billion. It is also expected to grow at a rate of 5.10% up to 2021 and is projected to reach around $2.4 Billion by that time. Concern over depleting sources of energy and inclination towards the production of energy through non-renewable resources is what is driving the industry in these regions.
Key Players
The major players in this field are Emerson Electric, General Electric, and Eaton Corporation. And these are ruling the market in North America. Some of the other companies are Schneider Electric, Siemens AG, Crompton Greaves, Mitsubishi Electric Corporation, ABB Ltd, and Legrand S.A.
- Market segments
- Market Drivers, Restraints and Opportunities
- Market Size & Forecast 2016 to 2022
- Supply & Demand Value Chain
- Market – Current Trends
- Competition & Major Companies
- Technology and R&D Status
- Porters Five Force Analysis
- Strategic and Critical Success Factor Analysis of Key Players
- North America
- US and Canada
- Latin America
- Mexico, Brazil, Argentina and Rest of Latin America
- Western Europe
- EU5 (Germany, France, Italy, Spain, U.K.)
- Nordic Countries (Denmark, Finland, Norway, and Sweden)
- Benelux (Belgium, The Netherlands, and Luxembourg)
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia and New Zealand
- Rest of Asia Pacific
- Middle East and Africa
- GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
- South Africa
- North Africa
- Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
- Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
- Consumer and Pricing Analysis
- Market dynamics of the industry
- Market Segmentation
- Estimated Market Sizing in terms of volume and value
- Recent trends in Market and impact
- Research Status and Technology Overview
- Extensive Industry Structure Coverage
