Surge Arrester Market Ravishing Growth With Major Industry Factors And Key Players Till 2026

(The Express Wire via Comtex)

Top Players in Surge Arrester Market are Siemens, GE Oil & Gas, Hubbell, Schneider Electric, Mitsubishi Electric, CG Power, NGK Insulators, ABB, Eaton, Legrand S.A, Emerson Electric, HAKEL spol. Sr, Vertiv, TE Connectivity, Lamco, Leviton manufacturing, and Raycap Corporation SA

The global surge arrester market is projected to gain impetus from a rise in the government initiatives to electrify villages and remote regions around the world. According to an upcoming report by Fortune Business Insights, titled, “Surge Arrester Market Size, Share and Global Trend By Voltage (Low, Medium, High, Extra High), By Material (Polymeric, Porcelain), By Class (Distribution, Intermediate, Station), By Application (Industrial, Commercial, Residential, Utility) and Geography Forecast till 2026,” increasing focus on the up-gradation of old electrical infrastructure to rebuild the power transmission and distribution system is likely to boost the global surge arrester market growth during the forecast period. Moreover, rising industrial activities will also contribute to growth.

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The report analyzes and predicts the global surge arresters' market size in terms of volume and value. It provides all the segments in detail and also mentions the dominant segments separately. It further examines competitive developments, namely, acquisitions, latest product launches, mergers, and expansions.

Fortune Business Insights lists out some of the renowned players operating in the global surge arrester market. They are:

  • Siemens
  • GE Oil and Gas
  • Hubbell, Schneider Electric
  • Mitsubishi Electric
  • CG Power
  • NGK Insulators
  • ABB
  • Eaton
  • Legrand S.A.
  • Emerson Electric
  • HAKEL spol. Sr
  • Vertiv
  • TE Connectivity
  • Lamco
  • Leviton Manufacturing
  • Raycap Corporation S.A.

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Key Market Driver Increase in electrification projects along with up-gradation of aging power system

Key Market Restraint Earth connect should be checked regularly

Polymeric Surge Arrester Segment to Grow Exponentially Due to Multiple Benefits

In terms of material, the global surge arrester market is divided into porcelain and polymeric. Amongst them, the polymeric surge arrester is expected to lead the global market. It would occur as polymeric has several benefits over porcelain surge arresters. A polymeric surge arrester is hydrophobic in nature and is very light in weight. It can be used in both indoor and outdoor systems to protect electrical devices from damage. Additionally, the polymer is able to handle extreme energy.

North America to Exhibit Growth Owing to Expansion of Power Networks

The global surge arrester market is geographically categorized into Latin America, Europe, the Middle East, and Africa, North America, and Asia Pacific. Out of these, North America is expected to grow rapidly due to the expansion of power networks and the enhancement of traditional electricity infrastructure in order to meet the urgent need of power as well as to reduce power failure during harsh climatic conditions. Furthermore, rising industrialization coupled with the increasing usage of digitization and automation will also contribute to market growth in this region. Numerous residential construction projects are also planned in this region. Such projects require surge arresters for electrification and hence, it is another major growth driver in this region.

Singapore Land Transport Authority Awards Electrification Contract to Siemens

Siemens, a multinational conglomerate company, based in Munich, announced in September 2019 that it has bagged the electrification contract from Singapore Land Transport Authority. According to the contract, the company will electrify the Circle Line Stage 6 and the North East Line extension (NELe). Siemens will revamp its Catenary System Standard Rigid (Sicat SR) aluminum overhead busbar system. The total length of the extension to the Circle Line is 39.5km and it is set to open in 2025.

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Power Mech Bags Two Orders Worth Rs 530 Cr from Indian Railways

In October 2018, Power Mech Projects, a prominent construction equipment company, headquartered in India, successfully achieved an order worth Rs 530 crore from Indian Railways. The company has received letter of intent for various orders. It will test, supply, commission, and design 25 kV 50 HZ, AC, single-phase electrification that includes civil and signal and telecom (SandT), TSS, and OHE.

Key Segmental Overview:

1. By Voltage

  • Low
  • Medium
  • High
  • Extra High

2. By Material

  • Polymeric
  • Porcelain

3. By Class

  • Distribution
  • Intermediate
  • Station

4. By Application

  • Industrial
  • Commercial
  • Residential
  • Utility

5. By Geography

  • North America (USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East and Africa (South Africa, GCC, and Rest of the Middle East and Africa)

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Major Table of Content ForSurge ArresterMarket:

  1. Introduction
  2. Executive Summary
  3. Market Dynamics
  4. Key Insights
  5. Global Surge Arrester Market Analysis, Insights and Forecast, 2026
  6. North America Surge Arrester Market Analysis, Insights and Forecast, 2026
  7. Europe Surge Arrester Market Analysis, Insights and Forecast, 2026
  8. Asia Pacific Surge Arrester Market Analysis, Insights and Forecast, 2026
  9. The Middle East and Africa Surge Arrester Market Analysis, Insights and Forecast, 2026
  10. Latin America Surge Arrester Market Analysis, Insights and Forecast, 2026
  11. Competitive Landscape
  12. Company Profile
  13. Conclusion

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