Market research future published a raw research report global surge arrester market that contains the information from 2018 to 2023. The surge arrester market is expected to grow with the CAGR of more than 5.5% from 2018 to 2023.
The key players of global surge arrester market are Siemens AG (Germany), Eaton Corporation Plc. (Ireland), Littelfuse, Inc. (U.S.), ABB, Ltd. (Switzerland), Schneider Electric SE (France), General Electric (U.S.), Vertiv. (U.S), HAKEL spol. S r. o (Czech), Legrand S.A. (France), Mitsubishi Electric Corporation (Japan), Crompton Greaves Ltd. (India) and Emerson Electric (U.S)
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A surge arrester is a device primarily used to protect electrical equipment from excess voltage derelict caused by external lighting or internal switching proceedings. They are primarily the most efficient type of overvoltage protection. The surge arrester limits the voltage supply to an electric device by blocking or shorting the excess voltage. The market for surge arrester is witnessing significant growth because of the rise in alternative energy implementations, increase in demand for protection of electronic devices and the power quality issues faced. However, the high installation cost of surge arresters and the type of surge arresters vary from one device to another depending upon the voltage ranges will be restraining the global surge arrester market.
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North-America is expected to dominate the global surge arrester market.
North America is expected to dominate the surge arrester market. This is mainly due to the fact that urbanization projects are rising in the region. Similarly, in the Europe region, digitization of manufacturing process, especially in the automobile and industrial sector is driving the market. For achieving higher production efficiency, intelligent ICT based machine systems that are capable of performing independently, are being implemented. This is acting as a lucrative market for surge arrester. The Asia Pacific region is expected to achieve the highest CAGR during the forecast period.
Table of Contents: -
1... Executive Summary
2 Research Methodology
2.1 Scope of the Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market size Estimation
2.4 Forecast Model
3 Regional Market Analysis
6.1 Introduction
6.2 North America
6.2.1 U.S.
6.2.2 Canada
6.3 Europe
6.3.1 U.K.
6.3.2 France
6.3.3 Germany
6.3.4 Rest of Europe
6.4 Asia-Pacific
6.4.1 China
6.4.2 Japan
6.4.3 India
6.4.4 Rest of Asia-Pacific
6.5 Rest of the World
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