Surge Arrester Market by Type and Geography - Forecast and Analysis 2021-2025

The surge arrester market share should rise by USD 585.71 million from 2021 to 2025 at a CAGR of 6.40%.

This surge arrester market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by type (polymeric and porcelain) and geography (APAC, Europe, North America, MEA, and South America). The surge arrester market report also offers information on several market vendors, including 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. among others.

What will the Surge Arrester Market Size be in 2021?

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Surge Arrester Market: Key Drivers and Trends

The increasing investments in T&D networks are notably driving the surge arrester market growth, although factors such as high cost of installation may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the surge arrester industry. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.

This surge arrester market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Surge Arrester Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• 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
• TE Connectivity Ltd.

The vendor landscape of the surge arrester market entails successful business strategies deployed by the vendors. The surge arrester market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the surge arrester market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Surge Arrester Market?

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35% of the market's growth will originate from Europe during the forecast period. Germany and UK are the key markets for surge arresters in Europe. 

The report offers an up-to-date analysis of the geographical composition of the market. Europe has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The growing demand for reliable and continuous power supply will facilitate the surge arrester market growth in Europe over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.

What are the Revenue-generating Type Segments in the Surge Arrester Market?

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The surge arrester market share growth by the polymeric segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.

This report provides an accurate prediction of the contribution of all the segments to the growth of the surge arrester market size. Furthermore, our analysts have indicated actionable market insights on post COVID-19 impact on each segment, which is crucial to predict change in consumer demand.

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What are the Key Factors Covered in this Surge Arrester Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive surge arrester market growth during the next five years
• Precise estimation of the surge arrester market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the surge arrester market across APAC, Europe, North America, MEA, and South America 
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of surge arrester market vendors

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