Global Surge Arresters Market is expected to grow owing to investments in energy systems and smart grids, equipment protection throughout the forecast period.
According to TechSci Research report, “Surge Arresters Market – Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028”, the Global Surge Arresters Market is expected to register robust growth during the forecast period. One of the key drivers in the market is the rising necessity to safeguard electronic devices in households and various industries from transient overvoltage events. Surge arresters offer a cost-effective solution for protecting sensitive equipment from such occurrences. Furthermore, the growing demand for reliable power supply has led power utilities and other power generation and distribution companies to increasingly incorporate surge arresters to shield their equipment from switching surges and other overvoltage events.
Moreover, the escalating frequency of lightning strikes due to climate change has further amplified the demand for surge arresters, as they effectively mitigate the damage caused by these events.
The ongoing modernization of electrical grids, particularly the transition to smart grids, presents significant opportunities for surge arrester manufacturers. Smart grids necessitate advanced surge protection solutions to ensure grid reliability, minimize downtime, and enhance monitoring and control capabilities.
The industrial sector is embracing Industry 4.0 practices and industrial automation, which demand enhanced surge protection for sensitive equipment and control systems. Surge arresters play a vital role in this context, guaranteeing uninterrupted operation and averting costly downtime.
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Based on type, the Polymeric segment is projected to dominate the market throughout the forecast period. Polymeric surge arresters are generally more compact and lightweight compared to their porcelain counterparts, resulting in easier handling, transportation, and installation. This leads to reduced installation time and costs. Industrial facilities, such as manufacturing plants and chemical processing units, rely on polymeric surge arresters to protect sensitive equipment from voltage surges. Their excellent pollution performance is particularly advantageous in industrial environments. Telecommunications infrastructure, including cell towers and data centers, depends on polymeric surge arresters to safeguard delicate electronic equipment from transient voltage spikes.
Polymeric surge arresters offer superior pollution performance, making them effective in environments with high levels of dust, salt, or industrial pollutants. As part of the broader trend towards smart surge protection solutions, polymeric surge arresters are increasingly being equipped with sensors and IoT capabilities, enabling real-time monitoring of arrester health and performance. Environmental sustainability is a growing concern, driving manufacturers to explore the use of eco-friendly and recyclable materials in the production of polymeric surge arresters to minimize their environmental impact.
In conclusion, the polymeric segment in the Global Surge Arresters Market provides compact, durable, and pollution-resistant surge protection solutions for various applications, including medium and high-voltage grids, renewable energy installations, industrial facilities, and telecommunications infrastructure. With ongoing advancements in polymer technology and the integration of IoT capabilities, polymeric surge arresters are poised to remain a significant and innovative segment within the surge protection market.
Based on application, Utility segment is projected to dominate the market throughout the forecast period. Surge arresters in the utility segment are strategically integrated into electrical grids at key points, such as substations and transformer stations, to safeguard critical grid infrastructure and equipment. These utility-grade surge arresters are often custom-designed to meet the specific requirements of utility companies and the characteristics of the electrical grid they serve. Factors such as voltage levels, fault current capacity, and environmental conditions are carefully considered in their design.
Surge arresters are essential when utilities expand their electrical grids to meet growing demand or integrate renewable energy sources, shielding the new infrastructure from transient voltage spikes. By preventing damage to critical components, surge arresters contribute to the longevity of grid infrastructure, enabling utilities to extend the lifespan of their assets and reduce capital expenditure on replacements. Moreover, surge arresters enhance the safety of utility workers and the general public by mitigating the risk of electrical faults and accidents caused by voltage surges.
In alignment with environmental sustainability goals, some utilities are exploring surge arresters made from green and recyclable materials to minimize their environmental impact. The utility segment in the Global Surge Arresters Market plays an integral role in ensuring the reliable operation of electrical grids. Surge arresters in this segment are specifically designed to protect critical grid infrastructure, minimize downtime, and enhance grid reliability. As utilities continue to modernize their grids and implement smart grid technologies, surge arresters will continue to play a crucial role in ensuring the efficient and uninterrupted supply of electricity to consumers.
Key market players in the Global Surge Arresters Market are:-
- ABB Ltd.
- CG Power and Industrial Solutions Ltd
- Eaton Corporation PLC
- Emerson Electric Co.
- Legrand SA
- Siemens AG
- Mitsubishi Electric Corporation
- Raycap Corporation SA
- Schneider electric SE
- General Electric Company
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“Asia Pacific is expected to be the dominating region during the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Surge Arresters Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Type (Porcelain and Polymeric), By Class (Station Class, Intermediate Class and Distribution Class), By Voltage Level (High, Medium and Low), By Application (Utility and Industrial), By Region, By Competition Forecast & Opportunities, 2018-2028F,” has evaluated the future growth potential of Global Surge Arresters Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Surge Arresters Market.
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