Surge Arresters Market Share, and Forecast 2019 - 2027

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January 24, 2022

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The highly concentrated structure of the competitive landscape of the global surge arresters market ensures intense rivalry between

leading players, finds Transparency Market Research in a recent study.

In 2018, the top five surge arrest manufacturers, namely, ABB Ltd., Eaton Corp., Schneider Electric, Emerson Electric, and General Electric, jointly held a share of more than 60% in this market. To withstand this competition, companies are currently focusing on technical advancements of existent offerings. Product innovation is also expected to gain prominence over the coming years in order to retain their positions in the global market.

Growing Need to Protect Home Appliances from Sudden Power Surge Fuels Demand for Surge Arresters With the increasing disposable income, a growing desire for a comfortable living can be seen among people all over the world.

Electronic devices play a crucial role in providing a comfortable life for the working population, which is why their demand is witnessing new highs on a regular interval. The ongoing technical advancements in consumer electronic appliances are also creating a huge demand for them.

Get sample copy of at: https://www.transparencymarketresearch.com/sample/sample. php?flag=S&rep_id=7211 In order to function properly, these appliances require a steady uninterrupted supply of power; however, in most of the cases, they lack inbuilt protection from electricity fluctuation. The irregular flow of power may result in fire and damage household items and their surroundings. Surge arresters, such as voltage regulators and surge protectors, provide efficient protection against such electrical damages by adjusting and normalizing power consumption, ensuring the safety of electronic appliances. The growing need to protect home appliances from sudden surges in electricity is boosting the demand for surge arresters significantly across the world.

Imminent Growth in Power Generation to Present Opportunityrich Market to Surge Arrester Manufacturers Analysts at TMR expect surge arresters to witness a healthy rise in demand over the forthcoming years too. In emerging economies, the rising concerns over the depletion of natural energy resources have created a huge opportunity for the production of electricity from nonrenewable resources. This imminent growth in power generation is anticipated to present an opportunity-rich market to the manufacturers of surge arresters. However, the additional cost involved in the installation of these devices may hinder this growth to some extent over the years to come.

North America Leads among Regional Markets for Surge Arresters Transparency Market Research estimates the global opportunity in the surge arresters market to increase from US$ 2.07 bn in 2018 to US$ 3.25 bn at a CAGR of 5.10% between 2019 and 2027. Among the regional markets, North America tops the list in terms of the surge arrester consumptions. In 2018, the region generated a revenue of US$ XX bn, accounting for a share of 32% in the overall market.

By 2027, the contribution of this region to the overall revenue is expected to increase to US$ XX bn. However, due to the strong performance of other regions, it is likely to witness a decline in its overall share in the years to come.

Have any query? Inquiry about report at: https://www.transparencymarketresearch.com/sample/sample. php?flag=EB&rep_id=7211 The high voltage surge arresters segment has occupied the key position among all the product segment. Analysts predict it to remain the same throughout the forecast period. Surge arresters will continue to find

utmost demand in industrial applications over the forthcoming years, says TMR. The study presented here is based on a report by Transparency Market Research (TMR) titled “Surge Arresters Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 – 2027.”

Key Takeaways In 2018, over 60% of the market was controlled by just five players Surge arresters provide efficient protection against electrical damage from power fluctuations Opportunity in surge arresters is likely to increase at a CAGR of 5.10% between 2019 and 2027 Global surge arresters market is segmented as follows:

By Voltage types Low voltage surge arresters Medium Voltage surge arresters High voltage surge arresters

By Application Industrial applications Commercial applications Household applications Buy this Report at: https://www.transparencymarketresearch.com/checkout.php? rep_id=7211&ltype=S About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers.

TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact 90 State Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030 USA – Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Website: https://www.transparencymarketresearch.com

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