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What's Driving the Surge Arrester Market Size? Key Players Are Schneider Electric, ABB, General Electric, Eaton, Siemens, TE Connectivity

Market Study Report adds Global Surge Arrester market report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, companies active in the industry and forecasts for the coming years.


Selbyville, DE -- (SBWIRE) -- 05/01/2019 -- U.S. surge arrester market will witness growth on account of enhanced efforts toward power capacity expansion to meet the increasing electricity demand. In addition, extensive upgradation of power substation to improve the electrical reliability along with growing focus to develop efficient electrification systems to mitigate the flashovers will positively influence the industry growth. For instance, in 2017, a substation stricken by equipment failure led to a huge power outage in San Francisco, left around 90,000 electricity consumers without power. Increasing number of transformer failure instances on account of various lightning & internal switching events will stimulate the demand for proper power protection systems, thereby driving the industry outlook.

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Enhanced government efforts to combat power failure events coupled with rising need for the modernization of existing infrastructure will augment the surge arrester market. In 2018, the U.S. congress planned to organize medium to long term grid evaluation that will emphasize on the advent of new technologies, grid architecture and operating & planning techniques to revamp the existing grid infrastructure. Moreover, expansion of transmission & distribution networks to meet the electricity demand from rapidly growing population will propel the product demand.

High voltage surge arrester market is set to witness growth of over 6% by 2025. Increasing adoption of these systems in HVDC lines across the emerging economies will stimulate the product penetration. In 2017, India announced plans to construct 800 kV HVDC transmission line, that will hold the capacity to supply electric power to around 80 million people. Growing measures for the protection of T&D systems from voltage fluctuations along with enhanced adoption of Flexible Alternating Current Transmission Systems (FACTS) to improve the availability & reliability of line networks will positively impact the business scenario.

Increasing regulatory pressure toward the adoption of energy efficient systems along with rising focus of utilities to refurbish the aging transmission and distribution infrastructure will boost the surge arrester market. For instance, in 2017, an investment of USD 21.9 billion was made by the Edison Electric Institute toward improving the safety & efficiency of transmission infrastructure.

Ability to offer reliable and costeffective protection of medium voltage electrical equipment against over voltages will drive the intermediate surge arrester market growth. In addition, proven suitability & operability in URD cables, dry type transformers, and sectionalizing & switching equipment will further fuel the product demand.

Polymer surge arrester market in 2018 was over USD 600 million. Ability to endure high environmental stresses along with applicability of these systems in distinct voltage ranges owing to their high mechanical strength, easy installation & handling will complement the industry landscape.

Key industry players across the surge arrester market consist of Schneider Electric, ABB, General Electric, Hubbell power systems, Eaton, Siemens, CG Power, TE connectivity, Elpro, DEHN and Lamco amongst others.

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Table of Contents:

Chapter 1 Methodology & Scope

1.1 Methodology

1.2 Market definitions

1.3 Market estimates & forecast parameters

1.4 Data sources

1.4.1 Primary

1.4.2 Secondary Paid sources Public sources

Chapter 2 Executive Summary

2.1 Surge arrester industry 360 degree synopsis, 2014 - 2025

2.1.1 Business trends

2.1.2 Voltage trends

2.1.3 Class trends

2.1.4 Material trends

2.1.5 Application trends

2.1.6 Regional trends

Chapter 3 Surge Arrester Industry Insights

3.1 Industry segmentation

3.2 Industry landscape, 2014 - 2025 (USD Million)

3.3 Industry ecosystem analysis

3.3.1 Vendor Matrix

3.4 Regulatory landscape

3.4.1 North America Institute of Electrical & Electronic Engineers (IEEE) C62.11-2012 - IEEE Standard for Metal-Oxide Surge Arresters for AC Power Circuits (>1 kV) American National Standard Institute (ANSI) 28-1974 - ANSI/IEEE Standard for Surge Arresters for Alternating Current Power Circuits

3.4.2 Europe Low Voltage Directive

3.4.3 Asia Pacific China Electric Power Law of the People's Republic of China India The Electricity Act, 2003 Central Electricity Authority India Standard (IS 15086: Part 3)

3.4.4 MEA Saudi Arabia Saudi Arabian Grid Code (SAGC)

3.4.5 Latin America Brazil NR 10- Safety in Electrical Installation and Services

3.5 Innovation and technology landscape

3.5.1 ABB

3.5.2 DEHN

3.5.3 TDK Electronics

3.5.4 Other innovations

3.6 Price trend analysis

3.7 Industry impact forces

3.7.1 Growth drivers North America Refurbishment of existing grid networks Rising electric infrastructure spending Europe Rapid smart grid adoption Expansion of sustainable electricity networks Asia Pacific & MEA Increasing demand for electricity Large scale renewable integration Latin America Increasing demand for sustainable electrical networks

3.7.2 Industry pitfalls & challenges Fluctuating raw material cost

3.8 Comparative analysis between surge arresters and surge protectors

3.9 History and development of surge arresters

3.10 Comparison of three class of surge arresters

3.11 Flowchart for the simplified selection of surge arresters

3.12 Growth potential analysis

3.13 Key customer requirement

3.14 Entry barriers

3.16 Porter's Analysis

3.17 Competitive landscape, 2018

3.17.1 Strategy dashboard ABB Eaton Siemens AG CG Power and Industrial Solutions Limited

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