DUBLIN--(BUSINESS WIRE)--The "Global Surge Arresters Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
Owing to the expansion of power infrastructure, the global surge arrester market is likely to register healthy growth over the forecast period.
Increasing disposable income and growing per capita consumption of electricity are leading to an increase in global power consumption. Moreover, the growth in industrialization in developing economies is boosting the surge arresters market. The increasing concerns regarding the depletion of conventional energy resources is likely to boost the production of electricity from renewable resources in the near future, thus bolstering the development of new power infrastructure and creating opportunities for the surge arrester business.
The application of surge arresters are - protection of AIS and GIS substation equipment, protection of AC and DC traction systems, HVDC protection, protection of series capacitor banks, protection of cables, protection of transmission lines, installation in polluted areas, and areas with high seismic activities.
The market studied is driven by several factors, such as the usage of highly sensitive electrical systems and the high demand for electric appliances. The increasing deployment of electrical equipment is leading to increasing consumption of power. The growth in power consumption is boosting the development of power infrastructure that require installation of surge arresters, to ensure the safety of electrical equipment. The development of industrial infrastructure across the world is leading to an increase in power consumption, thereby boosting the surge arrester market.
Key Developments in the Market
- December 2017: Siemens AG introduced a technology that includes surge arrester in circuit with the overhead line system in railway lines, which ensures that electrification infrastructure does not suffer unnecessary flashovers between live conductors and the structure.
- ABB Ltd.
- Crompton Greaves
- Eaton Corporation PLC
- Emerson Electric
- General Electric
- Legrand SA
- Mitsubishi Electric Corporation
- Raycap Corporation SA
- Schneider Electric SE
- Siemens AG
- Advanced Protection Technologies
- Leviton Manufacturing
Key Topics Covered
1. Executive Summary
2. Research Methodology
3. Market Overview
4. Market Dynamics
5. Supply Chain Analysis
6. Industry Attractiveness - Porter's Five Forces Analysis
7. Market Segmentation and Analysis
8. Regional Market Analysis
9. Key Company Analysis
10. Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/r52lr4/global_surge?w=4