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Surge Arrester Market Size, Share and Global Trend By Voltage (Low, Medium, High, Extra High), By Material (Polymeric, Porcelain), By Class (Distribution, Intermediate, Station), By Application (Industrial, Commercial, Residential, Utility) and Geography Forecast till 2021-2028

Region : Global | Report ID: FBI100933 | Status : Ongoing

 

KEY MARKET INSIGHTS

Industries invest a huge amount for their electrical equipment and devices which is installed for operational purposes. Each piece of electrical equipment in an electrical system needs to be protected from voltage surges. To prevent damage to electrical equipment, surge protection considerations are paramount to a well-designed electrical system. Advanced metal oxide arresters provide exceptional overvoltage protection of equipment connected to the power system. Surge Arrester is also used for commercial and residential proposes.


Whenever lightning strikes the transmission line, then a very high voltage is generated within it and equipment is damaged and the lights go out. The surge arrester saves sensitive equipment and transformer from getting damaged when lightning strikes.


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On the basis of voltage, the global surge arrester market can be segmented into low, medium, high, and extra high. An extra high surge arrester is the dominating in the above segment. Extra high surge arrester has a wide application in the switchgear, transformer, circuit breakers and over lines to protect these devices from overvoltage transients. It is owing to an increase in electrification projects across the world. Especially in the remote area, which is lacking in grid power supply, leads to the deployment of the transformer, electric girds in the respective region. Also, the aging electricity infrastructure has to be replaced for better performance. These are the factors that are expected to the global surge arrester market to grow.


On the basis of material, the global surge arrester market is segmented into polymeric and porcelain. A polymeric surge arrester is expected to dominate the market in the above segmentation. Polymeric surge arrester has various advantages over porcelain. A polymeric surge arrester is light in weight, hydrophobic in nature and it has application in both indoor and outdoor systems for the protection of electrical equipment from damage. Also, Polymeric surge arresters are capable of handling high energy. These are the factors which are expected to global surge arrester market to grow.


On the basis of class, the global surge arrester market is segmented into distribution, intermediate, and station. Station class surge arresters and intermediate surge arrester both are expected to dominate the market in the above segmentation. Both surge arresters are used for the protection of equipment of ranges about 5-20mVA. An intermediate surge arrester is designed to provide economic and reliable protection of the medium voltage power equipment. An intermediate surge arrester is widely used for the protection of a dry-type transformer. Station class surge arrester is also used for protection of equipment of range above 20mVA. It is the conservative approach that can reduce the chances of misapplication.


On the basis of application, the global surge arrester market is segmented into industrial, commercial, Utility, and residential. Increase in electrification projects for the remote and rural area to boost the to connect these areas with electricity. Also, the up-gradation of the aging electricity infrastructure to protect them from getting damaged from harsh weather during high lightning strikes. In industries, a wide range of electrical equipment is automated and digitalized, which is used for their operational purpose. All the equipment in the electrical system needs to be protected from voltage surges to enhance productivity.


The factor that is expected to drive the growth of the global surge arrester market is increasing government initiatives for electrification of villages and remote areas, which resulted in coming up with new electrification projects. Also, the increase in focus on up-gradation of aging electricity infrastructure to redevelop the power transmission and distribution infrastructure. An increase in the industrial activities and most of the industrial equipment depend upon microprocessors and other sensitive electronic equipment which need to be protected from electrical surges. A surge arrester is widely used to protect conductor wires, transformers and other, industrial equipment from lightning surges and help to maintain productivity. 


The factor that is expected to restrain the growth of the global surge arrester market is increasing competition from the unorganized sector — conducting surge arrester blow fuse. It has no active line capabilities. Also, the earth connection should be checked regularly.


Key Market Players


Some of the major companies in the global surge arrester market are Siemens, GE Oil & Gas, Hubbell, Schneider Electric, Mitsubishi Electric, CG Power, NGK Insulators, ABB, Eaton, Legrand S.A, Emerson Electric, HAKEL spol. Sr, Vertiv, TE Connectivity, Lamco, Leviton manufacturing, and Raycap Corporation SA.


SEGMENTATION






























SEGMENTATION



 DETAILS



By Voltage



· Low


· Medium


· High


· Extra High



By Material



· Polymeric


· Porcelain



By Class



· Distribution


· Intermediate


· Station



By Application



· Industrial


· Commercial


· Residential


· Utility



By Geography



· North America (the USA and Canada)


· Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)


· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)


· Latin America (Brazil, Mexico, and Rest of Latin America)


· Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)



Regional Analysis


The global surge arrester market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In North America, owing to the up-gradation of the aging electricity infrastructure and expansion of the power network to meet the future requirement of power. Also, to reduce the power failure during the harsh climate. Rapid industrialization along with the use of automation and digitalization, which totally depends upon microprocessors and other sensitive electronic equipment which needs to be protected from electrical surges.


Also, owing to the number of upcoming residential construction projects which requires surge arrester for electrification purposes. In Europe, most of the countries like Germany, Russia, France are the industrial dominated. Most of the manufacturing and industrial sector is technologically advanced, and there is extensive use of costly automation system and electrical equipment. So, surge arrester is widely used to protect these expensive systems from voltage surges. In the Asia Pacific, most of the rural and remote areas in India are deprived of electricity.


Owing to government initiatives, more numbers of grid expansion projects have been approved for electrification of these areas. In China and Japan, owing to rapid industrialization across the nation, which resulted in the expansion of power generation capacity to meet industrial requirements along with growing electricity demand from residential consumers. In Latin America use of advanced technologies like automation, AI, robotics, etc. in the industries which has changed the nature of industries. Owing to these changes huge requirement of surge arrester to protect from damage during voltage surges.


Key Industry Developments



  • In Feb 2019, Siemens has secured a contract from Singapore Land Transport Authority of worth Euro million form the electrification of the Circle Line Stage 6 and North-East Line extension (NELe). Siemens would be suppling Sicat SR aluminum, signaling system and surge arrester for this project.

  • In Oct 2018, Power Mech secured a contract from Indian Railway of worth Rs 350 Cr for rail electrification. The company would have to design, supply and commissioning of 25 kV, 50 HZ, single-phase AC electrification. This project will require a huge number of surge arrester.

  • In Aug 2017, L&T has secured a contract from Indian Railways of worth Rs 10.5 billion. For the electrification of 781Km rail track. This is the first EPC contract of Indian Railway under Mission Electrification. This project requires a huge number of surge arrester.


Surge Arrester Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2020
  • 2017-2019

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