The global Surge Arresters Market will grow at a CAGR of 5.12% with market size of around USD 2.6 Billion by 2028. The Surge Arresters Market will grow due to the rise in smart grids and Energy Systems
With the increase in investment in Transmission and Distribution Infrastructure, the demand of the market has increased and has created new opportunities for market players. Also, there has been an increase in competition in the unorganized sector.
Developing countries have increased their investments in expanding their power generation capacities and the need to decrease equipment failure which is caused by regular voltage spikes is driving the market for growth. In most countries, the infrastructure has become old and requires smart grids systems
The Surge Arresters Market is divided into North America, Europe, APAC, Middle East & Africa, and Latin America. Europe dominated the market in terms of the market size in the coming years in Surge Arresters Market due to the presence of aging infrastructure and the urgent need to avoid equipment failure
The top players of the Surge Arresters Market are Benchmarking, ABB, Eaton, Siemens, and various other players in the market. Most of the players are spread across various regions focusing on effective client delivery.
Segment Overview of Surge Arresters Market
Type Overview, 2018-2028 (USD Billion)
- Polymeric
- Porcelain
Class Overview, 2018-2028 (USD Billion)
- Distribution Class
- Intermediate Class
- Station Class
End Users Overview, 2018-2028 (USD Billion)
- Utilities
- Industries
- Transportation & Logistics
Voltage Overview, 2018-2028 (USD Billion)
- Medium Voltage
- High Voltage
- Extra-High Voltage
Regional Overview, 2018-2028 (USD Billion)
- North America
- U.S.
- Canada
- Europe
- UK
- France
- Germany
- Rest of Europe
- Asia Pacific
- India
- China
- Japan
- Rest of Asia-Pacific
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
- South America
- Brazil
- Rest of Latin America