Surge Arrester Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The surge arrester market is to reach $1.9 billion by 2028 from $1.5 billion in 2020 at a CAGR of 4% over the forecast period. The growing demand for power at APAC and the growing interest in renewable energy installation capacity is encouraging utility companies to invest in electricity transmission and distribution networks and electricity projects. These investments are expected to generate demand for the surge arrester market, along with investments to replace aging electrical infrastructure in North America and Europe.

Company Profile

• Siemens (Germany)
• GE Oil & Gas (U.S.)
• Hubbell (U.S.)
• Schneider Electric (France)
• Mitsubishi Electric (Japan)
• CG Power (India)
• NGK Insulators (Japan)
• ABB (Switzerland)

Market Segmentation

By Type

• Polymeric
• Porcelain

By End User

• Utilities
• Industries
• Transportation

By Application

• Ais
• Gis

By Voltage

• Medium Voltage
• High Voltage
• Extra High Voltage

By Class

• Distribution Class
• Intermediate Class
• Station Class

Scope of the Report

The research study analyzes the global Surge Arrester industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Surge Arrester Market Report

1. What was the Surge Arrester Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Surge Arrester Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Surge Arrester Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.