Surge Arresters Market Size Analysis | Industry Forecast Report, 2026

1. Welcome To DataIntelo Surge Arresters Market Size Analysis | Industry Forecast Report, 2026 The global surge arresters market size is anticipated to expand at a substantial CAGR during the forecast period, 2020–2026. The growth of the market is driven by increasing government initiatives to mitigate power supply problems and growing investments toward the modernization of grid infrastructure. Furthermore, rapid industrialization in developing economies is boosting the market. A surge arrester is a device used for protecting electrical devices from high voltage induced by external or internal events such as lightning and switching respectively. They are widely used to protect the equipment in distribution systems and power transmission. A surge arrester often has a low impulse ratio to bypass any surge incident. This device can be attached to the conductor before placing it into the equipment. It is also attached to the ground and functions by directing the energy from high voltage transient to ground, while separating the conductor from the ground at usual operating voltages.

2. Market Trends, Drivers, Restraints, and Opportunities: •Increasing demand for uninterrupted and reliable power supply and strong focus of market players for effective electricity transmission and distribution are propelling the global market. •Rising need for the protection of equipment from breakdown has resulted due to the surge in voltage, high investments in smart electric grids and energy systems, and aging power infrastructure are some of the factors driving the market. •Increasing trend of urbanization and industrialization in developing countries and growing power supply to rural areas are prompting improvements in the electricity infrastructure. This, in turn, is likely to fuel the growth of the market. This is estimated to create opportunities for the surge arresters market players. Scope of the Report: The report on the surge arresters market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have been included in the report. Attributes Details Base year 2019 Historic data 2015–2019 Forecast period 2020–2026 North America, Asia Pacific, Europe, Central & South America, and Middle East & Africa Regional scope Company share, market analysis and size, competitive landscape, growth factors and trends, and revenue forecast Report coverage Request for Free Sample: https://dataintelo.com/request- sample/?reportId=128632

3. Surge Arresters Market Segment Insights: High use of polymers-based surge arresters to drive segment growth during the forecast period On the basis of types, the market has been segmented into polymeric and porcelain. The polymer surge arresters market is expected to grow at a substantial pace owing to its widespread suitability for distinct voltage limits. Furthermore, reliable performance in severe conditions, moderate manufacturing & operational cost, simple handling and installation, and superior breaking resistance are some of the major factors that are expected to boost the demand for polymer surge arresters. Industrial surge arresters are expected to dominate the market during the forecast period In terms of applications, the market has been segregated into utilities, industries, and transportation. The industrial surge arresters segment is projected to dominate the market owing to rising need for decreasing power quality issues in industrialized countries, where problems such as voltage spikes and surges are prevalent. Europe is expected to lead the market during the forecast period Based on regions, the global surge arresters market has been divided into North America, Asia Pacific, Europe, Central & South America, and Middle East & Africa. Europe is expected to hold a major share of the market during the forecast period owing to the use of outdated electrical infrastructure and the need for reducing power quality issues caused by frequent voltage outages. This, in turn, is driving the market in Europe. Additionally, the market in Asia Pacific is expected to witness significant growth owing to increasing population, globalization, and urbanization. Competitive Landscape: Some of the key players operating in Surge Arresters market include ABB, Siemens, Eaton, Hubbell, Schneider, CG Power, GE, and Mitsubishi Electric. These players engage in product launches, mergers & acquisitions, agreements, and partnerships to strengthen their geographical presence.

4. Segments Covered in the Report: The global surge arresters market has been segmented on the basis of types, applications, and regions. By Types •Polymeric •Porcelain By Applications •Utilities •Industries •Transportation By Regions •North America •Asia Pacific •Europe •Central & South America •Middle East & Africa Discover More @ https://dataintelo.com/