The Business Research Company’s Surge Arrester Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Surge Arrester Global Market Report 2023 evaluates surge arrester market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global surge arrester market is expected to grow from $2,632.2 million in 2027 at a CAGR of 6.2%. The market is expected to grow to $3,450 million in 2032 at a CAGR of 5.6%.
During the forecast period, the growing demand for electricity will support growth of the market. The increasing demand for electricity can be attributed to growing populations and increasing use of electrical and electronic appliances, especially in developing countries such as China, India, Brazil and some African countries. For example, according to the International Energy Agency (IEA), the global demand for electricity increased by 6%, or 1,500 terawatt hours (TWh) in 2021. South East Asia is forecast to experience the highest growth at 5% on average between 2022 and 2024. The Asia Pacific region, including China, is predicted to experience the second-highest growth in electricity demand at about 4%. The demand in North America and Latin America is anticipated to increase by about 1% between 2022 and 2024, with Mexico and Canada experiencing the biggest percentage increases at 3-4% annually. The projected electricity demand growth for Europe is 1.7% in 2022, followed by flat demand in 2023 and 2024. Therefore, the increasing demand for electricity will boost the development of new power generation stations, supporting the demand for surge arresters.
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The surge arrester market segments in the report are:
1) By Type: Polymeric; Porcelain
2) By Voltage Type: Low Voltage Surge Arresters; Medium Voltage Surge Arresters; High Voltage Surge Arresters
3) By End-User: Utilities; Industries; Transportation; Other End-Users
4) By Application: AIS (Air Insulated Switchgear); GIS (Gas Insulated Switchgear)
5) By Class: Distribution Class; Intermediate Class; Station Class
The table of contents in TBRC’s surge arrester market report includes:
- Executive Summary
- Table Of Contents
- List Of Figures
- List Of Tables
- Report Structure
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- Company Profiles
- Key Mergers And Acquisitions
- Opportunities And Strategies
- Surge Arrester Market, Conclusions And Recommendations
- Appendix
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