PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1462628
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1462628
Distribution Surge Arrester Market Forecasts to 2030 - Global Analysis By Voltage (Low, Medium and Extra High Voltage), Material (Polymer, Porcelain and Other Materials), End User and By Geography
According to Stratistics MRC, the Global Distribution Surge Arrester Market is accounted for $507.6 million in 2023 and is expected to reach $853.16 million by 2030 growing at a CAGR of 7.70% during the forecast period. A distribution surge arc is a vital component of electrical systems designed to protect equipment and infrastructure from voltage spikes or surges. These surges can occur due to lightning strikes, switching operations, or other disturbances in the electrical grid. The surge arrester works by diverting excessive voltage to the ground, thereby preventing damage to sensitive equipment such as transformers, switchgear, and other electrical devices.
According to IEA World Energy Outlook 2020, USD 2.3 trillion was invested globally in the electric network during 2012-2019, with an average annual investment of about USD 283 billion during the same period.
Market Dynamics:
Driver:
Aging electrical infrastructure
The aging electrical infrastructure is a significant driver. As power grids and distribution networks age, they become more susceptible to electrical surges and faults. Surge arresters play a crucial role in protecting this infrastructure by diverting excess voltage and preventing damage to sensitive equipment. With the increasing need to modernize and maintain reliability in power distribution systems, there is a growing demand for surge arresters. This demand is fueled by the necessity to safeguard against disruptions caused by lightning strikes, switching operations, and other transient events.
Restraint:
Complex installation process
Many surge arresters require specialized knowledge and equipment for proper installation, making the process time-consuming and costly. Additionally, the need for trained personnel adds to the expenses and may limit the availability of skilled installers. This complexity could deter potential customers from investing in surge protection systems, especially in regions with limited access to technical expertise. As a result, simplifying installation procedures and providing comprehensive training programs could mitigate this restraint and encourage broader adoption of surge arrester technology.
Opportunity:
Urbanization and infrastructure development
As urban populations grow, so does the demand for reliable electricity distribution systems to support the expanding urban landscape. Surge arresters play a crucial role in protecting electrical infrastructure from voltage surges and transient over voltages, thereby ensuring uninterrupted power supply to densely populated areas. This surge arrester market opportunity is driven by the imperative to enhance urban infrastructure resilience and meet the growing energy needs of urban populations in a sustainable manner.
Threat:
Technological changes
Technological changes pose both opportunities and threats to the distribution surge arrester market. On one hand, advancements in materials, design, and manufacturing processes enable the development of more efficient and reliable surge arresters, potentially expanding the market. However, rapid technological evolution can also disrupt existing market dynamics by introducing innovative solutions or rendering current products obsolete. Companies in the distribution surge arrester market must continuously invest in research and development to stay competitive and adapt to changing technological landscapes.
Covid-19 Impact:
As industries faced disruptions and economic uncertainties, the demand for these essential components fluctuated. Supply chain disruptions, manufacturing shutdowns, and logistical challenges led to delays in production and distribution, affecting the availability of surge arresters. Also, reduced investments in infrastructure projects during the pandemic further stopped market growth. However, with the gradual reopening of economies and increased emphasis on resilient infrastructure, the market is expected to rebound as demand for surge protection devices rises in various sectors such as utilities, telecommunications, and industrial applications.
The polymer segment is expected to be the largest during the forecast period
Polymer segment growth is driven by increasing demand for lightweight, durable, and cost-effective solutions in electrical infrastructure. Advancements in polymer technology have led to improved performance characteristics such as higher energy absorption capacity and better resistance to environmental factors like pollution and moisture. The growing emphasis on renewable energy integration and smart grid initiatives further boosts the demand for surge protection devices, driving the expansion of the polymer segment.
The industrial segment is expected to have the highest CAGR during the forecast period
The industrial segment has experienced substantial growth due to requirement for robust electrical protection systems to safeguard sensitive equipment from voltage surges and transient over voltages. As industries increasingly rely on electronic devices and automation, the demand for surge arresters has surged. Moreover, with the expansion of industrial infrastructure globally, especially in emerging economies, the demand for distribution surge arresters in industrial applications is poised to continue its upward trajectory. Furthermore, advancements in surge arrester technology, such as improved transient response and higher surge current capacity, cater specifically to the needs of industrial environments, further driving market growth in this segment.
Region with largest share:
The growth of the market in North America can be attributed to increasing investments in modernizing and expansion of power distribution infrastructure. The region's vulnerability to severe weather events such as hurricanes and thunderstorms has accentuated the need for robust surge protection systems. Growing awareness among consumers and businesses about the importance of safeguarding electronic equipment from voltage fluctuations has spurred market growth. Additionally, advancements in technology, such as the development of more efficient and durable surge arresters, have further propelled market expansion.
Region with highest CAGR:
The Asia-Pacific region has witnessed significant growth due to rapid urbanization, industrialization, and infrastructure development projects across countries like China and India. Government initiatives promoting renewable energy adoption and smart grid development have further spurred demand for surge arresters. With escalating investments in power infrastructure and growing awareness about the importance of surge protection, the Asia-Pacific market is poised for continued expansion in the coming years.
Key players in the market
Some of the key players in Distribution Surge Arrester market include ABB, CG Power & Industrial Solutions Ltd., CHINT Group, DEHN SE , Eaton, Elektrolites, Elpro, General Electric, Hubbell, Izoelektro, MacLean Power Systems, Orient Electric International Group Limited, Siemens Energy, TDk Electronics AG and TE Connectivity.
Key Developments:
In March 2024, Intelligent power management company Eaton has announced the launch of its new Rack PDU G4 (4th generation) that delivers the high security and business continuity data centre, that operators consider non-negotiable. G4 reflects the in-depth research incorporating customer and marketplace feedback, which brings increases in network and power redundancy, server capacity and operational flexibility.
In September 2023, CATL and CHINT entered into a strategic partnership agreement in Hangzhou. According to the agreement, the two parties will focus on strengthening cooperation in their advantageous areas such as energy storage, continue to expand the scope of cooperation in fields such as the integrated solution of solar, storage and charging, comprehensive energies, smart low-carbon solutions, and intelligent manufacturing.
Voltages Covered:
- Low
- Medium
- High Voltage
- Extra High Voltage
Materials Covered:
- Polymer
- Porcelain
- Other Materials
End Users Covered:
- Residential & commercial
- Utility
- Industrial
- Transportation
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 End User Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Distribution Surge Arrester Market, By Voltage
- 5.1 Introduction
- 5.2 Low
- 5.3 Medium
- 5.4 High Voltage
- 5.5 Extra High Voltage
6 Global Distribution Surge Arrester Market, By Material
- 6.1 Introduction
- 6.2 Polymer
- 6.3 Porcelain
- 6.4 Other Materials
7 Global Distribution Surge Arrester Market, By End User
- 7.1 Introduction
- 7.2 Residential & commercial
- 7.3 Utility
- 7.4 Industrial
- 7.5 Transportation
- 7.6 Other End Users
8 Global Distribution Surge Arrester Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 ABB
- 10.2 CG Power & Industrial Solutions Ltd.
- 10.3 CHINT Group
- 10.4 DEHN SE
- 10.5 Eaton
- 10.6 Elektrolites
- 10.7 Elpro
- 10.8 General Electric
- 10.9 Hubbell
- 10.10 Izoelektro
- 10.11 MacLean Power Systems
- 10.12 Orient Electric International Group Limited
- 10.13 Siemens Energy
- 10.14 TDk Electronics AG
- 10.15 TE Connectivity
List of Tables
- Table 1 Global Distribution Surge Arrester Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Distribution Surge Arrester Market Outlook, By Voltage (2021-2030) ($MN)
- Table 3 Global Distribution Surge Arrester Market Outlook, By Low (2021-2030) ($MN)
- Table 4 Global Distribution Surge Arrester Market Outlook, By Medium (2021-2030) ($MN)
- Table 5 Global Distribution Surge Arrester Market Outlook, By High Voltage (2021-2030) ($MN)
- Table 6 Global Distribution Surge Arrester Market Outlook, By Extra High Voltage (2021-2030) ($MN)
- Table 7 Global Distribution Surge Arrester Market Outlook, By Material (2021-2030) ($MN)
- Table 8 Global Distribution Surge Arrester Market Outlook, By Polymer (2021-2030) ($MN)
- Table 9 Global Distribution Surge Arrester Market Outlook, By Porcelain (2021-2030) ($MN)
- Table 10 Global Distribution Surge Arrester Market Outlook, By Other Materials (2021-2030) ($MN)
- Table 11 Global Distribution Surge Arrester Market Outlook, By End User (2021-2030) ($MN)
- Table 12 Global Distribution Surge Arrester Market Outlook, By Residential & commercial (2021-2030) ($MN)
- Table 13 Global Distribution Surge Arrester Market Outlook, By Utility (2021-2030) ($MN)
- Table 14 Global Distribution Surge Arrester Market Outlook, By Industrial (2021-2030) ($MN)
- Table 15 Global Distribution Surge Arrester Market Outlook, By Transportation (2021-2030) ($MN)
- Table 16 Global Distribution Surge Arrester Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 17 North America Distribution Surge Arrester Market Outlook, By Country (2021-2030) ($MN)
- Table 18 North America Distribution Surge Arrester Market Outlook, By Voltage (2021-2030) ($MN)
- Table 19 North America Distribution Surge Arrester Market Outlook, By Low (2021-2030) ($MN)
- Table 20 North America Distribution Surge Arrester Market Outlook, By Medium (2021-2030) ($MN)
- Table 21 North America Distribution Surge Arrester Market Outlook, By High Voltage (2021-2030) ($MN)
- Table 22 North America Distribution Surge Arrester Market Outlook, By Extra High Voltage (2021-2030) ($MN)
- Table 23 North America Distribution Surge Arrester Market Outlook, By Material (2021-2030) ($MN)
- Table 24 North America Distribution Surge Arrester Market Outlook, By Polymer (2021-2030) ($MN)
- Table 25 North America Distribution Surge Arrester Market Outlook, By Porcelain (2021-2030) ($MN)
- Table 26 North America Distribution Surge Arrester Market Outlook, By Other Materials (2021-2030) ($MN)
- Table 27 North America Distribution Surge Arrester Market Outlook, By End User (2021-2030) ($MN)
- Table 28 North America Distribution Surge Arrester Market Outlook, By Residential & commercial (2021-2030) ($MN)
- Table 29 North America Distribution Surge Arrester Market Outlook, By Utility (2021-2030) ($MN)
- Table 30 North America Distribution Surge Arrester Market Outlook, By Industrial (2021-2030) ($MN)
- Table 31 North America Distribution Surge Arrester Market Outlook, By Transportation (2021-2030) ($MN)
- Table 32 North America Distribution Surge Arrester Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 33 Europe Distribution Surge Arrester Market Outlook, By Country (2021-2030) ($MN)
- Table 34 Europe Distribution Surge Arrester Market Outlook, By Voltage (2021-2030) ($MN)
- Table 35 Europe Distribution Surge Arrester Market Outlook, By Low (2021-2030) ($MN)
- Table 36 Europe Distribution Surge Arrester Market Outlook, By Medium (2021-2030) ($MN)
- Table 37 Europe Distribution Surge Arrester Market Outlook, By High Voltage (2021-2030) ($MN)
- Table 38 Europe Distribution Surge Arrester Market Outlook, By Extra High Voltage (2021-2030) ($MN)
- Table 39 Europe Distribution Surge Arrester Market Outlook, By Material (2021-2030) ($MN)
- Table 40 Europe Distribution Surge Arrester Market Outlook, By Polymer (2021-2030) ($MN)
- Table 41 Europe Distribution Surge Arrester Market Outlook, By Porcelain (2021-2030) ($MN)
- Table 42 Europe Distribution Surge Arrester Market Outlook, By Other Materials (2021-2030) ($MN)
- Table 43 Europe Distribution Surge Arrester Market Outlook, By End User (2021-2030) ($MN)
- Table 44 Europe Distribution Surge Arrester Market Outlook, By Residential & commercial (2021-2030) ($MN)
- Table 45 Europe Distribution Surge Arrester Market Outlook, By Utility (2021-2030) ($MN)
- Table 46 Europe Distribution Surge Arrester Market Outlook, By Industrial (2021-2030) ($MN)
- Table 47 Europe Distribution Surge Arrester Market Outlook, By Transportation (2021-2030) ($MN)
- Table 48 Europe Distribution Surge Arrester Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 49 Asia Pacific Distribution Surge Arrester Market Outlook, By Country (2021-2030) ($MN)
- Table 50 Asia Pacific Distribution Surge Arrester Market Outlook, By Voltage (2021-2030) ($MN)
- Table 51 Asia Pacific Distribution Surge Arrester Market Outlook, By Low (2021-2030) ($MN)
- Table 52 Asia Pacific Distribution Surge Arrester Market Outlook, By Medium (2021-2030) ($MN)
- Table 53 Asia Pacific Distribution Surge Arrester Market Outlook, By High Voltage (2021-2030) ($MN)
- Table 54 Asia Pacific Distribution Surge Arrester Market Outlook, By Extra High Voltage (2021-2030) ($MN)
- Table 55 Asia Pacific Distribution Surge Arrester Market Outlook, By Material (2021-2030) ($MN)
- Table 56 Asia Pacific Distribution Surge Arrester Market Outlook, By Polymer (2021-2030) ($MN)
- Table 57 Asia Pacific Distribution Surge Arrester Market Outlook, By Porcelain (2021-2030) ($MN)
- Table 58 Asia Pacific Distribution Surge Arrester Market Outlook, By Other Materials (2021-2030) ($MN)
- Table 59 Asia Pacific Distribution Surge Arrester Market Outlook, By End User (2021-2030) ($MN)
- Table 60 Asia Pacific Distribution Surge Arrester Market Outlook, By Residential & commercial (2021-2030) ($MN)
- Table 61 Asia Pacific Distribution Surge Arrester Market Outlook, By Utility (2021-2030) ($MN)
- Table 62 Asia Pacific Distribution Surge Arrester Market Outlook, By Industrial (2021-2030) ($MN)
- Table 63 Asia Pacific Distribution Surge Arrester Market Outlook, By Transportation (2021-2030) ($MN)
- Table 64 Asia Pacific Distribution Surge Arrester Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 65 South America Distribution Surge Arrester Market Outlook, By Country (2021-2030) ($MN)
- Table 66 South America Distribution Surge Arrester Market Outlook, By Voltage (2021-2030) ($MN)
- Table 67 South America Distribution Surge Arrester Market Outlook, By Low (2021-2030) ($MN)
- Table 68 South America Distribution Surge Arrester Market Outlook, By Medium (2021-2030) ($MN)
- Table 69 South America Distribution Surge Arrester Market Outlook, By High Voltage (2021-2030) ($MN)
- Table 70 South America Distribution Surge Arrester Market Outlook, By Extra High Voltage (2021-2030) ($MN)
- Table 71 South America Distribution Surge Arrester Market Outlook, By Material (2021-2030) ($MN)
- Table 72 South America Distribution Surge Arrester Market Outlook, By Polymer (2021-2030) ($MN)
- Table 73 South America Distribution Surge Arrester Market Outlook, By Porcelain (2021-2030) ($MN)
- Table 74 South America Distribution Surge Arrester Market Outlook, By Other Materials (2021-2030) ($MN)
- Table 75 South America Distribution Surge Arrester Market Outlook, By End User (2021-2030) ($MN)
- Table 76 South America Distribution Surge Arrester Market Outlook, By Residential & commercial (2021-2030) ($MN)
- Table 77 South America Distribution Surge Arrester Market Outlook, By Utility (2021-2030) ($MN)
- Table 78 South America Distribution Surge Arrester Market Outlook, By Industrial (2021-2030) ($MN)
- Table 79 South America Distribution Surge Arrester Market Outlook, By Transportation (2021-2030) ($MN)
- Table 80 South America Distribution Surge Arrester Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 81 Middle East & Africa Distribution Surge Arrester Market Outlook, By Country (2021-2030) ($MN)
- Table 82 Middle East & Africa Distribution Surge Arrester Market Outlook, By Voltage (2021-2030) ($MN)
- Table 83 Middle East & Africa Distribution Surge Arrester Market Outlook, By Low (2021-2030) ($MN)
- Table 84 Middle East & Africa Distribution Surge Arrester Market Outlook, By Medium (2021-2030) ($MN)
- Table 85 Middle East & Africa Distribution Surge Arrester Market Outlook, By High Voltage (2021-2030) ($MN)
- Table 86 Middle East & Africa Distribution Surge Arrester Market Outlook, By Extra High Voltage (2021-2030) ($MN)
- Table 87 Middle East & Africa Distribution Surge Arrester Market Outlook, By Material (2021-2030) ($MN)
- Table 88 Middle East & Africa Distribution Surge Arrester Market Outlook, By Polymer (2021-2030) ($MN)
- Table 89 Middle East & Africa Distribution Surge Arrester Market Outlook, By Porcelain (2021-2030) ($MN)
- Table 90 Middle East & Africa Distribution Surge Arrester Market Outlook, By Other Materials (2021-2030) ($MN)
- Table 91 Middle East & Africa Distribution Surge Arrester Market Outlook, By End User (2021-2030) ($MN)
- Table 92 Middle East & Africa Distribution Surge Arrester Market Outlook, By Residential & commercial (2021-2030) ($MN)
- Table 93 Middle East & Africa Distribution Surge Arrester Market Outlook, By Utility (2021-2030) ($MN)
- Table 94 Middle East & Africa Distribution Surge Arrester Market Outlook, By Industrial (2021-2030) ($MN)
- Table 95 Middle East & Africa Distribution Surge Arrester Market Outlook, By Transportation (2021-2030) ($MN)
- Table 96 Middle East & Africa Distribution Surge Arrester Market Outlook, By Other End Users (2021-2030) ($MN)
