Global Surge Arresters Market Size, Share, Forecast Report, 2020-2027

The global Surge Arresters market garnered revenue around USD 2.07 Billion in 2019 and projected to reach USD 3.25 Billion in 2027, with at a compound annual growth rate of 5.10% throughout the estimate period from 2020 to 2027.

The escalating demand for consumer electronics and appliances, triggered by the increasing disposable incomes and the frequent changes in the lifestyles of individuals across the world has fuelled the demand for surge arresters significantly. As these arresters are highly effective in adjusting and normalizing power consumption, they provide efficient protection to electronic appliances against the damages from sudden voltage surges, ensuring their and their surrounding's safety.

Going forward, the demand for surge arresters is likely to be influenced by the rise in power generation in the coming years. The increasing concerns over the depleting energy resources are projected to boost the production of electricity from non-renewable resources, creating opportunities for the application of these arresters in the near future. Apart from this, the growing industrialization in emerging economies is also projected to stimulate the demand for these arresters over the next few years.

This research report encompasses precise assessment of the market with the help of comprehensive qualitative insights and supportable prognoses regarding market size, consumption and production. The projections presented in the report have been derived using proven research methodologies and assumptions. It does so by means of comprehensive qualitative insights, historical statistics, and verifiable predictions about market revenue and sales.

The rapidly budding threat owed to the eruption of COVID-19 is impacting lives, communities, businesses, and industries across the globe. With businesses shuttered, flights grounded, COVID-19 is about to affect the global economy in different ways such as by directly upsetting production and demand, by generating supply chain disruption, and by its financial impact on firms and financial markets. Therefore, this report covers COVID-19 outbreak impact analysis on the Surge Arresters market under the research study. The market estimates offered in the report are the outcome of in-depth extensive secondary research, primary interviews and in-house professional assessments. These market evaluations have been measured by reviewing the impact of numerous social, political and economic factors coupled with recent market dynamics affecting the Surge Arresters market growth.

The global Surge Arresters market is characterized by the presence of numerous small as well as medium scale companies. These players are largely focused towards forward integration via raw material production, product manufacturing, and distribution across various industry verticals. The report recognizes numerous crucial manufacturers of the market. This research study aids to comprehend the strategies and associations that companies are converging to survive in this competitive marketplace. This report assists in understanding footprints of the manufacturers with the help of their global revenue, production, capacity and average selling price analysis for period 2016-2027.

Major manufacturers analysed under this study comprises:

The global surge arresters market demonstrates a highly concentrated competitive landscape with top five participants, namely,

ABB Ltd.

Schneider Electric

Eaton Corp.

General Electric

Emerson Electric,

accounting for a share of more than 60% in 2018. Other prominent manufacturers of surge arresters across the world are

Siemens AG

Mitsubishi Electric Corp.

Crompton Greaves

Legrand S.A.

Raycap Corp.

This report delivers market breakdown and its revenue, consumption, production analysis and projections by categorizing it depending on parameters such as type, application/end-user, and region. This research report delivers the analysis and prognosis of revenue, production, price, market share and growth trend for different products such as:

Global surge arresters market is segmented as follows:

By Voltage types

• Low voltage surge arresters

• Medium Voltage surge arresters

• High voltage surge arresters

By Application

• Industrial applications

• Commercial applications

• Household applications

By Region

• North America

o U.S.

o Canada

• Europe

o U.K.

o Germany

o France

o Rest of Europe

• Asia Pacific

o China

o Japan

o Rest of Asia Pacific

• Rest of the World

o Latin America

o Middle East

o Africa

Regional Analysis and Forecast

Further, this research study analyses market size, production, consumption and its advancement trends at global, regional, and country level for period 2016 to 2027 and covers following region in its scope:

• North America

 U.S.

 Canada

• Europe

 Germany

 U.K.

 Italy

 France

 Rest of EU

• Asia Pacific

 China

 India

 Japan

 Southeast Asia

 Rest of APAC

• Central & South America

 Brazil

 Argentina

 Rest of Central & South America

• Middle East and Africa

 UAE

 Saudi Arabia

 Rest of MEA