Surge Arrester Market | Market Highlights and Insights to Recovery from COVID-19
Market Forecast and Growth Projections 2021-2025

The surge arrester market is expected to grow by $ 585.71 mn, decelerating at a CAGR of almost 6.40% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.

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Surge Arrester Market: Segments and Leading  Regions

This research report will provide insights into the current market share of each segment along with growth projections for the next five years.

• The Surge Arrester Market is segmented by Type (polymeric and porcelain) and Geography (APAC, Europe, North America, MEA, and South America).
• The Europe region emerged as the leading segment in recent years. 35% of the market growth will originate from Europe during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Surge Arrester Market size.

Surge Arrester Market: Trends, Drivers, Challenges to impact growth

The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.

• Increasing investments in T&D networks will be a significant factor in driving the growth of the Surge Arrester Market.
• Growing demand for reliable and continuous power supply will be instrumental in driving the market growth during the forecast period.
• High cost of installation is a hurdle that needs to be crossed on the path to success.

Surge Arrester Market: Vendor Analysis

• The market is fragmented.
• The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
• CG Power and Industrial Solutions Ltd., Eaton Corp. Plc, General Electric Co., Hitachi Ltd., Hubbell Inc., Meidensha Corp., Mitsubishi Electric Corp., Schneider Electric SE, Siemens AG, and TE Connectivity Ltd. are some of the major market participants.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is decelerate at a CAGR of 6.40%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 585.71 mn through 2021-2025.
    
3. What is a key factor driving this market?
   Increasing investments in T&D networks will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   APAC, Europe, North America, MEA, and South America are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   35% growth will originate from Europe
    
6. Who are the leading market vendors?
   The leading vendors in this market are CG Power and Industrial Solutions Ltd., Eaton Corp. Plc, General Electric Co., Hitachi Ltd., Hubbell Inc., Meidensha Corp., Mitsubishi Electric Corp., Schneider Electric SE, Siemens AG, and TE Connectivity Ltd.
    
7. What are the market segments covered in this report?
   The market is segmented by Type (polymeric and porcelain) and Geography (APAC, Europe, North America, MEA, and South America)