Emergen Research has recently published a new report on the Global Surge Arrester market that offers key insights about the regional and global scope of the Surge Arrester market. It offers key details about the recent product launches, technological advancements, supply and demand ratio, and regulatory framework. The report also offers details about market size, market share, revenue growth, and CAGR during the forecast period of 2024-2034. The report also offers key insights about top companies in the market along with a thorough SWOT analysis, Porter’s Five Forces analysis, and feasibility analysis to offer competitive edge to the readers. The report focuses on the recent trends, major challenges and opportunities, and limitations pertaining to the ongoing pandemic.

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The global surge arrester market size was USD 1.66 Billion in 2022 and is expected to register a rapid revenue CAGR of 4.7% during the forecast period. Increasing investments in Transmission & Distribution (T&D) networks, rising demand for reliable and continuous power supply and awareness about potential damages caused by voltage surges, and technological advancements in surge protection devices are key factors driving market revenue growth.

A surge arrester is an electrical device designed to protect electrical systems and equipment from voltage spikes or surges caused by lightning strikes, power surges, or other electrical disturbances. Surge arresters are commonly used in various applications, including residential, commercial, and industrial settings and typically installed in various electrical systems, including residential, commercial, and industrial applications.

These are commonly used in power distribution systems, electrical panels, telecommunication networks, data centers, and electronic devices to safeguard against transient overvoltage events. Global investment in the T&D networks is almost around USD 250 Billion. Grid development, enhancement, and reinforcement are some of the major reasons behind these investments. Investments in T&D networks often involve the expansion and upgrade of power transmission and distribution systems. There is a greater demand for surge arresters to protect the equipment and assets within these systems from voltage surges, as new substations, power lines, and distribution networks are established or existing infrastructure is improved.

Competitive Landscape: 

It focuses on the recent mergers & acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches, among others. The report also provides details about the company overview, business expansion plans, product portfolio, manufacturing and production capacity, global market position, financial status, and consumer base.

In addition, surge arresters are essential components in ensuring the reliable and safe operation of the expanding power infrastructure, which is expected to drive revenue growth of the market. For example, on June 2023, SSEN Transmission committed to investing USD 13 billion into the transmission network across the north of Scotland, to enable connection of up to 11GW of new offshore wind capacity through ScotWind projects. Known as the ‘Pathway to 2030 program’, the company’s investment in the north of Scotland will enable the connection of over one-fifth of the UK Government’s 50GW 2030 offshore wind goal.

Market Segmentation: 

The report further segments the global Surge Arrester market on the basis of product types and applications and provides insights into key factors influencing the revenue growth of the segments.

The global surge arrester market is fragmented, with large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective products.

Some of the major companies included in the surge arrester market report are:

• Hitachi Energy Ltd.
• Emerson Electric Co.
• Siemens
• Schneider Electric
• General Electric
• Eaton
• Wilson Transformers
• Mitsubishi Electric Corporation
• Bharat Heavy Electricals Limited
• CG Power & Industrial Solutions Ltd.
• HPL
• Toshiba Corporation
• Hubbell

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Key insights presented in the report:

• Market revenue shares by major business players, by type, by application, and market scope of global Surge Arrester market
• Sales revenue by key players and new entrants
• Competitive analysis of the key players including aspects such as company overview, product or services specification, vendors, and buyers.
• Recent mergers, acquisitions, product launches, recent investments, and joint ventures
• Regional analysis to provide insight to recent trends and opportunities

Key features and benefits of Emergen Research's market research content include: 

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