Table of Content

1 INTRODUCTION 26
1.1 STUDY OBJECTIVES 26
1.2 MARKET DEFINITION AND SCOPE 26
1.2.1 SURGE ARRESTER MARKET: INCLUSIONS AND EXCLUSIONS 27
TABLE 1 SURGE ARRESTER MARKET, BY TYPE: INCLUSIONS AND EXCLUSIONS 27
TABLE 2 SURGE ARRESTER MARKET, BY VOLTAGE: INCLUSIONS AND EXCLUSIONS 27
TABLE 3 SURGE ARRESTER MARKET, BY APPLICATION: INCLUSIONS AND EXCLUSIONS 27
TABLE 4 SURGE ARRESTER MARKET, BY END USER: INCLUSIONS AND EXCLUSIONS 28
1.3 MARKET SCOPE 28
1.3.1 MARKETS COVERED 28
1.3.2 GEOGRAPHIC SCOPE 29
1.3.3 YEARS CONSIDERED 29
1.4 CURRENCY 30
1.5 LIMITATIONS 30
1.6 STAKEHOLDERS 30
1.7 SUMMARY OF CHANGES 30

2 RESEARCH METHODOLOGY 32
2.1 RESEARCH DATA 32
FIGURE 1 SURGE ARRESTER MARKET: RESEARCH DESIGN 33
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 34
2.2.1 SECONDARY DATA 35
2.2.1.1 Key data from secondary sources 35
2.2.2 PRIMARY DATA 36
2.2.2.1 Key data from primary sources 36
2.2.2.2 Breakdown of primaries 37
2.3 SCOPE 37
FIGURE 2 MAIN METRICS CONSIDERED WHILE CONSTRUCTING AND ASSESSING DEMAND FOR SURGE ARRESTERS 38
2.4 MARKET SIZE ESTIMATION 39
2.4.1 DEMAND-SIDE ANALYSIS 39
FIGURE 3 SURGE ARRESTER MARKET: REGION-WISE ANALYSIS 39
2.4.1.1 Calculation for demand-side analysis 39
2.4.1.2 Key assumptions while calculating demand-side market size 40
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2.4.2 SUPPLY-SIDE ANALYSIS 41
FIGURE 4 SURGE ARRESTER MARKET: SUPPLY-SIDE ANALYSIS 41
2.4.2.1 Calculations for supply-side analysis 41
FIGURE 5 KEY METRICS CONSIDERED FOR ASSESSING SUPPLY OF SURGE ARRESTERS 42
2.4.2.2 Assumptions while calculating supply-side market size 42
FIGURE 6 COMPANY REVENUE ANALYSIS, 2019 43
2.4.3 FORECAST 43

3 EXECUTIVE SUMMARY 44
3.1 SCENARIO ANALYSIS 44
FIGURE 7 SCENARIO ANALYSIS: SURGE ARRESTER MARKET, 2018–2025 44
3.1.1 OPTIMISTIC SCENARIO 45
3.1.2 REALISTIC SCENARIO 45
3.1.3 PESSIMISTIC SCENARIO 46
TABLE 5 SURGE ARRESTER MARKET SNAPSHOT 47
FIGURE 8 POLYMERIC SEGMENT TO LEAD SURGE ARRESTER MARKET, BY TYPE, DURING FORECAST PERIOD 48
FIGURE 9 AIS APPLICATION TO HOLD LARGER SIZE OF SURGE ARRESTER MARKET
IN 2025 48
FIGURE 10 UTILITIES TO ACCOUNT FOR LARGEST SIZE OF SURGE ARRESTER MARKET,
BY END USER, THROUGHOUT FORECAST PERIOD 49
FIGURE 11 MEDIUM VOLTAGE SEGMENT TO COMMAND SURGE ARRESTER MARKET,
BY VOLTAGE, FROM 2020 TO 2025 49
FIGURE 12 DISTRIBUTION CLASS TO LEAD SURGE ARRESTER MARKET DURING FORECAST PERIOD 50
FIGURE 13 NORTH AMERICA TO EXHIBIT HIGHEST CAGR IN SURGE ARRESTER MARKET DURING 2020–2025 51

4 PREMIUM INSIGHTS 52
4.1 ATTRACTIVE OPPORTUNITIES IN SURGE ARRESTER MARKET 52
FIGURE 14 RENEWABLE ENERGY ADOPTION AND ELECTRIFICATION OF TRANSPORTATION SECTOR ARE EXPECTED TO DRIVE SURGE ARRESTER MARKET GROWTH, 2020–2025 52
4.2 SURGE ARRESTER MARKET, BY REGION 53
FIGURE 15 NORTH AMERICAN SURGE ARRESTER MARKET, BY REGION, TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 53
4.3 SURGE ARRESTER MARKET, BY TYPE 53
FIGURE 16 POLYMERIC SEGMENT DOMINATED SURGE ARRESTER MARKET, BY TYPE,
IN 2019 53
4.4 SURGE ARRESTER MARKET, BY APPLICATION 54
FIGURE 17 AIS APPLICATIONS DOMINATED SURGE ARRESTER MARKET,
BY APPLICATION, IN 2019 54
4.5 SURGE ARRESTER MARKET, BY END USER 54
FIGURE 18 UTILITIES HELD LARGEST SHARE OF SURGE ARRESTER MARKET,
BY END USER, IN 2019 54
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4.6 SURGE ARRESTER MARKET, BY VOLTAGE 55
FIGURE 19 MEDIUM-VOLTAGE SURGE ARRESTERS CAPTURED LARGEST MARKET SHARE IN 2019 55
4.7 SURGE ARRESTER MARKET, BY CLASS 55
FIGURE 20 DISTRIBUTION CLASS LED SURGE ARRESTER MARKET IN 2019 55

5 MARKET OVERVIEW 56
5.1 INTRODUCTION 56
5.2 COVID-19 HEALTH ASSESSMENT 56
FIGURE 21 COVID-19 GLOBAL PROPAGATION 57
FIGURE 22 COVID-19 PROPAGATION IN SELECTED COUNTRIES 57
5.3 GLOBAL ROAD TO RECOVERY FROM COVID-19 58
FIGURE 23 GLOBAL RECOVERY ROAD FROM COVID-19 FROM 2020 TO 2021 58
5.4 COVID-19 ECONOMIC ASSESSMENT 59
FIGURE 24 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020 59
5.5 MARKET DYNAMICS 60
FIGURE 25 SURGE ARRESTER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,
AND CHALLENGES 60
5.5.1 DRIVERS 60
5.5.1.1 Increasing investments in T&D networks 60
FIGURE 26 ELECTRICITY NETWORKS INVESTMENT, 2012–2019 (USD BILLION) 61
5.5.1.2 Growing demand for reliable and continuous power supply 61
5.5.1.3 Increasing focus on replacing aging equipment in power infrastructure 61
FIGURE 27 US ELECTRICITY NETWORKS INVESTMENT, 2012–2019 (USD BILLION) 62
5.5.2 RESTRAINTS 62
5.5.2.1 Presence of gray market for surge arresters 62
5.5.3 OPPORTUNITIES 62
5.5.3.1 Increasing investments in renewable energy projects and smart grids 62
FIGURE 28 GLOBAL INVESTMENTS IN RENEWABLE ENERGY CAPACITY,
2009–2019 (USD BILLION) 63
5.5.3.2 Growing investments in cross-border power transmission projects 63
5.5.4 CHALLENGES 64
5.5.4.1 Long lead times and delays in projects pose challenges to surge arrester market growth 64
5.5.4.2 Supply chain disruptions due to COVID-19 64
5.6 YC-SHIFT 64
5.6.1 REVENUE SHIFT AND NEW REVENUE POCKETS 64
FIGURE 29 REVENUE SHIFT FOR SURGE ARRESTERS 65
5.7 MARKET MAP 65
FIGURE 30 MARKET MAP FOR SURGE ARRESTERS 65
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5.8 AVERAGE SELLING PRICE TREND 66
FIGURE 31 AVERAGE SELLING PRICE OF SURGE ARRESTERS 66
5.9 SUPPLY CHAIN ANALYSIS 66
FIGURE 32 SURGE ARRESTER SUPPLY CHAIN ANALYSIS 66
5.9.1 RAW MATERIAL SUPPLIERS 67
5.9.2 MANUFACTURERS 67
5.9.3 END USERS 67
5.10 TECHNOLOGY ANALYSIS 67
5.11 TRADE DATA STATISTICS 68
TABLE 6 COUNTRY-WISE IMPORT, 2018 AND 2019 (IN USD) 68
TABLE 7 COUNTRY-WISE EXPORT, 2018 AND 2019 (IN USD) 68
5.12 SURGE ARRESTERS: CODES AND REGULATIONS 69
5.13 CASE STUDY ANALYSIS 70
5.13.1 USE OF SURGE ARRESTERS BY HYDRO ONE 70
5.13.1.1 Problem statement 70
5.13.1.2 Solution 70
5.14 PORTER’S FIVE FORCES ANALYSIS 71
FIGURE 33 PORTER’S FIVE FORCES ANALYSIS 71
5.14.1 THREAT OF SUBSTITUTES 72
5.14.2 BARGAINING POWER OF SUPPLIERS 72
5.14.3 BARGAINING POWER OF BUYERS 72
5.14.4 THREAT OF NEW ENTRANTS 72
5.14.5 INTENSITY OF COMPETITIVE RIVALRY 73

6 SURGE ARRESTER MARKET, BY TYPE 74
6.1 INTRODUCTION 75
FIGURE 34 POLYMERIC SEGMENT ACCOUNTED FOR LARGER SHARE OF SURGE ARRESTER MARKET, IN TERMS OF VALUE, IN 2019 75
TABLE 8 SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (USD MILLION) 75
TABLE 9 SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (THOUSAND UNITS) 75
6.2 POLYMERIC 76
6.2.1 EASY INSTALLATION AND SUPERIOR PERFORMANCE UNDER POLLUTED CONDITIONS BOOST DEMAND FOR POLYMERIC SURGE ARRESTERS GLOBALLY 76
TABLE 10 POLYMERIC: SURGE ARRESTER MARKET, BY REGION,
2018–2025 (USD MILLION) 76
6.3 PORCELAIN 77
6.3.1 LOW PRICE, HIGH MECHANICAL STRENGTH, AND HIGH STABILITY CONTRIBUTE TO SUSTAINED USE OF PORCELAIN SURGE ARRESTERS 77
TABLE 11 PORCELAIN: SURGE ARRESTER MARKET, BY REGION,
2018–2025 (USD MILLION) 77
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7 SURGE ARRESTER MARKET, BY APPLICATION 78
7.1 INTRODUCTION 79
FIGURE 35 AIS SEGMENT ACCOUNTED FOR LARGER SHARE OF SURGE ARRESTER MARKET, IN TERMS OF VALUE, IN 2019 79
TABLE 12 SURGE ARRESTER MARKET, BY APPLICATION, 2018–2025 (USD MILLION) 79
TABLE 13 SURGE ARRESTER MARKET, BY APPLICATION,
2018–2025 (THOUSAND UNITS) 80
7.2 GIS 80
7.2.1 AVAILABILITY OF LIMITED SPACE, COUPLED WITH SUPERIOR ELECTRICAL PERFORMANCE OF SF6, TO BOOST DEMAND FOR SURGE ARRESTERS IN GIS SUBSTATIONS 80
TABLE 14 GIS: SURGE ARRESTER MARKET, BY REGION, 2018–2025 (USD MILLION) 81
7.3 AIS 81
7.3.1 GROWTH OF AIS DRIVEN BY THEIR LOW INSTALLATION COST AND
EASY MAINTENANCE 81
TABLE 15 AIS: SURGE ARRESTER MARKET, BY REGION, 2018–2025 (USD MILLION) 82
8 SURGE ARRESTER MARKET, BY END USER 83
8.1 INTRODUCTION 84
FIGURE 36 UTILITIES SEGMENT ACCOUNTED FOR LARGEST SHARE OF SURGE ARRESTER MARKET, IN TERMS OF VALUE, IN 2019 84
TABLE 16 SURGE ARRESTER MARKET, BY END USER, 2018–2025 (USD MILLION) 84
TABLE 17 SURGE ARRESTER MARKET, BY END USER, 2018–2025 (THOUSAND UNITS) 85
8.2 UTILITIES 85
8.2.1 INCREASED REQUIREMENT FOR RELIABLE AND CONTINUOUS POWER SUPPLY TO FUEL DEMAND FOR SURGE ARRESTERS 85
TABLE 18 UTILITIES: SURGE ARRESTER MARKET, BY REGION,
2018–2025 (USD MILLION) 85
8.3 INDUSTRIES 86
8.3.1 ESCALATED NEED FOR UNINTERRUPTED POWER DELIVERY AND PROTECTION FROM EXTERNAL SURGES TO BOOST DEMAND FOR SURGE ARRESTERS 86
TABLE 19 INDUSTRIES: SURGE ARRESTER MARKET, BY REGION,
2018–2025 (USD MILLION) 86
8.4 TRANSPORTATION 87
8.4.1 HUGE INVESTMENTS IN RAILWAY ELECTRIFICATION AND NEW METRO RAIL PROJECTS TO FOSTER MARKET GROWTH 87
TABLE 20 TRANSPORTATION: SURGE ARRESTER MARKET, BY REGION,
2018–2025 (USD MILLION) 87

9 SURGE ARRESTER MARKET, BY VOLTAGE 88
9.1 INTRODUCTION 89
FIGURE 37 MEDIUM VOLTAGE SEGMENT ACCOUNTED FOR LARGER SHARE OF SURGE ARRESTER MARKET, IN TERMS OF VALUE, IN 2019 89
TABLE 21 SURGE ARRESTER MARKET, BY VOLTAGE, 2018–2025 (USD MILLION) 89
TABLE 22 SURGE ARRESTER MARKET, BY VOLTAGE, 2018–2025 (THOUSAND UNITS) 90
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9.2 MEDIUM VOLTAGE 90
9.2.1 INVESTMENTS IN GRID MODIFICATION AND ELECTRIFICATION PROJECTS TO DRIVE GLOBAL DEMAND FOR MEDIUM-VOLTAGE SURGE ARRESTERS 90
TABLE 23 MEDIUM VOLTAGE: SURGE ARRESTER MARKET, BY REGION,
2018–2025 (USD MILLION) 90
9.3 HIGH VOLTAGE 91
9.3.1 T&D INVESTMENTS IN ASIA PACIFIC TO MEET GROWING ENERGY DEMAND LIKELY TO ACCELERATE MARKET GROWTH 91
TABLE 24 HIGH VOLTAGE: SURGE ARRESTER MARKET, BY REGION,
2018–2025 (USD MILLION) 91
9.4 EXTRA HIGH VOLTAGE 92
9.4.1 FUNDING FOR UHV AND EHV POWER LINES IN CHINA AND INDIA TO
PROPEL MARKET GROWTH 92
TABLE 25 EXTRA HIGH VOLTAGE: SURGE ARRESTER MARKET, BY REGION,
2018–2025 (USD MILLION) 92

10 SURGE ARRESTER MARKET, BY CLASS 93
10.1 INTRODUCTION 94
FIGURE 38 DISTRIBUTION CLASS ACCOUNTED FOR LARGEST SHARE OF SURGE ARRESTER MARKET, IN TERMS OF VALUE, IN 2019 94
TABLE 26 SURGE ARRESTER MARKET, BY CLASS, 2018–2025 (USD MILLION) 94
TABLE 27 SURGE ARRESTER MARKET, BY CLASS, 2018–2025 (THOUSAND UNITS) 94
10.2 DISTRIBUTION CLASS 95
10.2.1 SUSTAINED IMPROVEMENT AND INVESTMENTS IN BUILDING INDUSTRIAL INFRASTRUCTURE TO SPUR GROWTH OF MARKET FOR POWER DISTRIBUTION SURGE ARRESTERS 95
TABLE 28 DISTRIBUTION CLASS: SURGE ARRESTER MARKET, BY REGION,
2018–2025 (USD MILLION) 95
10.3 INTERMEDIATE CLASS 96
10.3.1 SIGNIFICANT INVESTMENTS IN RENEWABLE ENERGY PROJECTS TO BOOST DEMAND FOR INTERMEDIATE-CLASS SURGE ARRESTERS 96
TABLE 29 INTERMEDIATE CLASS: SURGE ARRESTER MARKET, BY REGION,
2018–2025 (USD MILLION) 96
10.4 STATION CLASS 97
10.4.1 SUBSTANTIAL INVESTMENTS IN LARGE-SCALE EHV AND UHV PROJECTS TO BOOST DEMAND FOR STATION-CLASS SURGE ARRESTERS 97
TABLE 30 STATION CLASS: SURGE ARRESTER MARKET, BY REGION,
2018–2025 (USD MILLION) 97

11 SURGE ARRESTER MARKET, BY REGION 98
11.1 INTRODUCTION 99
FIGURE 39 NORTH AMERICA TO WITNESS HIGHEST CAGR IN SURGE ARRESTER MARKET FROM 2020 TO 2025 99
FIGURE 40 SURGE ARRESTER MARKET SHARE IN TERMS OF VALUE, BY REGION, 2019 99
TABLE 31 SURGE ARRESTER MARKET, BY REGION, 2018–2025 (USD MILLION) 100
TABLE 32 SURGE ARRESTER MARKET, BY REGION, 2018–2025 (THOUSAND UNITS) 100
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11.2 NORTH AMERICA 100
11.2.1 IMPACT OF COVID-19 ON SURGE ARRESTER MARKET IN NORTH AMERICA 101
TABLE 33 NORTH AMERICA: SURGE ARRESTER MARKET, BY SCENARIO ANALYSIS, 2018–2025 (USD MILLION) 101
FIGURE 41 NORTH AMERICA: SURGE ARRESTER MARKET SCENARIO ANALYSIS 101
FIGURE 42 SNAPSHOT: SURGE ARRESTER MARKET IN NORTH AMERICA 102
11.2.2 BY TYPE 102
TABLE 34 NORTH AMERICA: SURGE ARRESTER MARKET, BY TYPE,
2018–2025 (USD MILLION) 102
11.2.3 BY APPLICATION 103
TABLE 35 NORTH AMERICA: SURGE ARRESTER MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 103
11.2.4 BY END USER 103
TABLE 36 NORTH AMERICA: SURGE ARRESTER MARKET, BY END USER,
2018–2025 (USD MILLION) 103
11.2.5 BY VOLTAGE 103
TABLE 37 NORTH AMERICA: SURGE ARRESTER MARKET, BY VOLTAGE,
2018–2025 (USD MILLION) 103
11.2.6 BY CLASS 104
TABLE 38 NORTH AMERICA: SURGE ARRESTER MARKET, BY CLASS,
2018–2025 (USD MILLION) 104
11.2.7 BY COUNTRY 104
TABLE 39 NORTH AMERICA: SURGE ARRESTER MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 104
11.2.7.1 US 104
11.2.7.1.1 Large-scale investments to improve reliability and capacity of T&D networks to propel market growth in US 104
11.2.7.1.2 By type 105
TABLE 40 US: SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (USD MILLION) 105
11.2.7.1.3 By application 105
TABLE 41 US: SURGE ARRESTER MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 105
11.2.7.2 Canada 105
11.2.7.2.1 Strong government initiative, coupled with significant investments in refurbishing existing electricity infrastructure, to support market growth 105
11.2.7.2.2 By type 106
TABLE 42 CANADA: SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (USD MILLION) 106
11.2.7.2.3 By application 106
TABLE 43 CANADA: SURGE ARRESTER MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 106
11.2.7.3 Mexico 107
11.2.7.3.1 Increased T&D investments to meet rising electricity requirement driving demand for surge arresters 107
11.2.7.3.2 By type 108
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TABLE 44 MEXICO: SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (USD MILLION) 108
11.2.7.3.3 By application 108
TABLE 45 MEXICO: SURGE ARRESTER MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 108
11.3 ASIA PACIFIC 108
11.3.1 IMPACT OF COVID-19 ON SURGE ARRESTER MARKET IN ASIA PACIFIC 109
TABLE 46 ASIA PACIFIC: SURGE ARRESTER MARKET, BY SCENARIO ANALYSIS,
2018–2025 (USD MILLION) 109
FIGURE 43 ASIA PACIFIC: SURGE ARRESTER MARKET SCENARIO ANALYSIS 109
FIGURE 44 SNAPSHOT: SURGE ARRESTER MARKET IN ASIA PACIFIC 110
11.3.2 BY TYPE 110
TABLE 47 ASIA PACIFIC: SURGE ARRESTER MARKET, BY TYPE,
2018–2025 (USD MILLION) 110
11.3.3 BY APPLICATION 111
TABLE 48 ASIA PACIFIC: SURGE ARRESTER MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 111
11.3.4 BY END USER 111
TABLE 49 ASIA PACIFIC: SURGE ARRESTER MARKET, BY END USER,
2018–2025 (USD MILLION) 111
11.3.5 BY VOLTAGE 111
TABLE 50 ASIA PACIFIC: SURGE ARRESTER MARKET, BY VOLTAGE,
2018–2025 (USD MILLION) 111
11.3.6 BY CLASS 112
TABLE 51 ASIA PACIFIC: SURGE ARRESTER MARKET, BY CLASS,
2018–2025 (USD MILLION) 112
11.3.7 BY COUNTRY 112
TABLE 52 ASIA PACIFIC: SURGE ARRESTER MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 112
11.3.7.1 China 112
11.3.7.1.1 Increasing investments in renewable energy and UHV transmission projects to drive market growth in China 112
11.3.7.1.2 By type 113
TABLE 53 CHINA: SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (USD MILLION) 113
11.3.7.1.3 By application 113
TABLE 54 CHINA: SURGE ARRESTER MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 113
11.3.7.2 India 114
11.3.7.2.1 Surging need for strong transmission infrastructure to meet bulk power evacuation requirement to boost demand for surge arresters 114
11.3.7.2.2 By type 114
TABLE 55 INDIA: SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (USD MILLION) 114
11.3.7.2.3 By application 115
TABLE 56 INDIA: SURGE ARRESTER MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 115
?
11.3.7.3 Australia 115
11.3.7.3.1 Rising focus on increasing power generation capacity, along with substantial investment in expansion of T&D networks and transportation projects, to push
market growth 115
11.3.7.3.2 By type 116
TABLE 57 AUSTRALIA: SURGE ARRESTER MARKET, BY TYPE,
2018–2025 (USD MILLION) 116
11.3.7.3.3 By application 116
TABLE 58 AUSTRALIA: SURGE ARRESTER MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 116
11.3.7.4 Japan 116
11.3.7.4.1 Growing number of projects pertaining to power transmission and distribution networks and renewable energy generation to create need for adoption of surge arresters 116
11.3.7.4.2 By type 117
TABLE 59 JAPAN: SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (USD MILLION) 117
11.3.7.4.3 By application 117
TABLE 60 JAPAN: SURGE ARRESTER MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 117
11.3.7.5 South Korea 118
11.3.7.5.1 Planned transmission and distribution network investments to fuel market growth in South Korea 118
11.3.7.5.2 By type 118
TABLE 61 SOUTH KOREA: SURGE ARRESTER MARKET, BY TYPE,
2018–2025 (USD MILLION) 118
11.3.7.5.3 By application 119
TABLE 62 SOUTH KOREA: SURGE ARRESTER MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 119
11.3.7.6 Rest of Asia Pacific 119
11.3.7.6.1 By type 120
TABLE 63 REST OF ASIA PACIFIC: SURGE ARRESTER MARKET, BY TYPE,
2018–2025 (USD MILLION) 120
11.3.7.6.2 By application 120
TABLE 64 REST OF ASIA PACIFIC: SURGE ARRESTER MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 120
11.4 EUROPE 120
11.4.1 IMPACT OF COVID-19 ON SURGE ARRESTER MARKET IN EUROPE 121
TABLE 65 EUROPE: SURGE ARRESTER MARKET, BY SCENARIO ANALYSIS,
2018–2025 (USD MILLION) 121
FIGURE 45 EUROPE: SURGE ARRESTER MARKET SCENARIO ANALYSIS 121
11.4.2 BY TYPE 122
TABLE 66 EUROPE: SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (USD MILLION) 122
11.4.3 BY APPLICATION 122
TABLE 67 EUROPE: SURGE ARRESTER MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 122
11.4.4 BY END USER 122
TABLE 68 EUROPE: SURGE ARRESTER MARKET, BY END USER,
2018–2025 (USD MILLION) 122
11.4.5 BY VOLTAGE 123
TABLE 69 EUROPE: SURGE ARRESTER MARKET, BY VOLTAGE,
2018–2025 (USD MILLION) 123
11.4.6 BY CLASS 123
TABLE 70 EUROPE: SURGE ARRESTER MARKET, BY CLASS, 2018–2025 (USD MILLION) 123
11.4.7 BY COUNTRY 123
TABLE 71 EUROPE: SURGE ARRESTER MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 123
11.4.7.1 Germany 124
11.4.7.1.1 Planned T&D investments to support renewable energy generation and cross-border power exchange to push market growth 124
11.4.7.1.2 By type 124
TABLE 72 GERMANY: SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (USD MILLION) 124
11.4.7.1.3 By application 125
TABLE 73 GERMANY: SURGE ARRESTER MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 125
11.4.7.2 Russia 125
11.4.7.2.1 Substantial investments under new long-term development plan 2020–24 in Russia to create growth opportunity for surge arrester market 125
11.4.7.2.2 By type 126
TABLE 74 RUSSIA: SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (USD MILLION) 126
11.4.7.2.3 By application 126
TABLE 75 RUSSIA: SURGE ARRESTER MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 126
11.4.7.3 UK 127
11.4.7.3.1 Increased investments in T&D networks to eliminate outages due to lightning surges in UK to drive market growth 127
11.4.7.3.2 By type 127
TABLE 76 UK: SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (USD MILLION) 127
11.4.7.3.3 By application 128
TABLE 77 UK: SURGE ARRESTER MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 128
11.4.7.4 France 128
11.4.7.4.1 Large-scale grid investments by RTE in France to fuel surge arrester market growth 128
11.4.7.4.2 By type 129
TABLE 78 FRANCE: SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (USD MILLION) 129
11.4.7.4.3 By application 129
TABLE 79 FRANCE: SURGE ARRESTER MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 129
11.4.7.5 Rest of Europe 129
11.4.7.5.1 By type 130
TABLE 80 REST OF EUROPE: SURGE ARRESTER MARKET, BY TYPE,
2018–2025 (USD MILLION) 130
11.4.7.5.2 By application 130
TABLE 81 REST OF EUROPE: SURGE ARRESTER MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 130
11.5 MIDDLE EAST & AFRICA 131
11.5.1 IMPACT OF COVID-19 ON SURGE ARRESTER MARKET IN MIDDLE
EAST & AFRICA 131
TABLE 82 MIDDLE EAST & AFRICA: SURGE ARRESTER MARKET, SCENARIO ANALYSIS, 2018–2025 (USD MILLION) 131
FIGURE 46 MIDDLE EAST & AFRICA: SURGE ARRESTER MARKET SCENARIO ANALYSIS 131
11.5.2 BY TYPE 132
TABLE 83 MIDDLE EAST & AFRICA: SURGE ARRESTER MARKET, BY TYPE,
2018–2025 (USD MILLION) 132
11.5.3 BY APPLICATION 132
TABLE 84 MIDDLE EAST & AFRICA: SURGE ARRESTER MARKET, BY APPLICATION, 2018–2025 (USD MILLION) 132
11.5.4 BY END USER 132
TABLE 85 MIDDLE EAST & AFRICA: SURGE ARRESTER MARKET, BY END USER,
2018–2025 (USD MILLION) 132
11.5.5 BY VOLTAGE 133
TABLE 86 MIDDLE EAST & AFRICA: SURGE ARRESTER MARKET, BY VOLTAGE,
2018–2025 (USD MILLION) 133
11.5.6 BY CLASS 133
TABLE 87 MIDDLE EAST & AFRICA: SURGE ARRESTER MARKET, BY CLASS,
2018–2025 (USD MILLION) 133
11.5.7 BY COUNTRY 133
TABLE 88 MIDDLE EAST & AFRICA: SURGE ARRESTER MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 133
11.5.7.1 Saudi Arabia 134
11.5.7.1.1 Significant T&D investments in Saudi Arabia to meet increased demand for renewable energy and electricity
to drive growth 134
11.5.7.1.2 By type 134
TABLE 89 SAUDI ARABIA: SURGE ARRESTER MARKET, BY TYPE,
2018–2025 (USD MILLION) 134
11.5.7.1.3 By application 135
TABLE 90 SAUDI ARABIA: SURGE ARRESTER MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 135
11.5.7.2 UAE 135
11.5.7.2.1 Strong focus on completion of renewable energy projects to contribute most to market growth 135
11.5.7.2.2 By type 136
TABLE 91 UAE: SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (USD MILLION) 136
?
11.5.7.2.3 By application 136
TABLE 92 UAE: SURGE ARRESTER MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 136
11.5.7.3 South Africa 137
11.5.7.3.1 Huge investments in Transmission Ten-Year Plan proposed by Eskom foster market growth in South Africa 137
11.5.7.3.2 By type 137
TABLE 93 SOUTH AFRICA: SURGE ARRESTER MARKET, BY TYPE,
2018–2025 (USD MILLION) 137
11.5.7.3.3 By application 138
TABLE 94 SOUTH AFRICA: SURGE ARRESTER MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 138
11.5.7.4 Nigeria 138
11.5.7.4.1 Increased investments in T&D projects to meet growing electricity demand 138
11.5.7.4.2 By type 139
TABLE 95 NIGERIA: SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (USD MILLION) 139
11.5.7.4.3 By Application 139
TABLE 96 NIGERIA: SURGE ARRESTER MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 139
11.5.7.5 Rest of Middle East 139
11.5.7.5.1 By type 140
TABLE 97 REST OF MIDDLE EAST & AFRICA: SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (USD MILLION) 140
11.5.7.5.2 By application 140
TABLE 98 REST OF MIDDLE EAST: SURGE ARRESTER MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 140
11.6 SOUTH AMERICA 141
11.6.1 IMPACT OF COVID-19 ON SURGE ARRESTER MARKET IN SOUTH AMERICA 141
TABLE 99 SOUTH AMERICA: SURGE ARRESTER MARKET, SCENARIO ANALYSIS,
2018–2025 (USD MILLION) 141
FIGURE 47 SOUTH AMERICA: SURGE ARRESTER MARKET SCENARIO ANALYSIS 141
11.6.2 BY TYPE 142
TABLE 100 SOUTH AMERICA: SURGE ARRESTER MARKET, BY TYPE,
2018–2025 (USD MILLION) 142
11.6.3 BY APPLICATION 142
TABLE 101 SOUTH AMERICA: SURGE ARRESTER MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 142
11.6.4 BY END USER 142
TABLE 102 SOUTH AMERICA: SURGE ARRESTER MARKET, BY END USER,
2018–2025 (USD MILLION) 142
11.6.5 VOLTAGE 143
TABLE 103 SOUTH AMERICA: SURGE ARRESTER MARKET, BY VOLTAGE,
2018–2025 (USD MILLION) 143
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11.6.6 CLASS 143
TABLE 104 SOUTH AMERICA: SURGE ARRESTER MARKET, BY CLASS,
2018–2025 (USD MILLION) 143
11.6.7 BY COUNTRY 143
TABLE 105 SOUTH AMERICA: SURGE ARRESTER MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 143
11.6.7.1 Brazil 144
11.6.7.1.1 Increased focus on grid modernization to meet growing electricity demand to drive market growth in Brazil 144
11.6.7.1.2 By type 144
TABLE 106 BRAZIL: SURGE ARRESTER MARKET, BY TYPE, 2018–2025 (USD MILLION) 144
11.6.7.1.3 By application 145
TABLE 107 BRAZIL: SURGE ARRESTER MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 145
11.6.7.2 Argentina 145
11.6.7.2.1 Significant infrastructure investments to offset economic damages induced by COVID-19 to create opportunity for surge arrester market in Argentina 145
11.6.7.2.2 By type 146
TABLE 108 ARGENTINA: SURGE ARRESTER MARKET, BY TYPE,
2018–2025 (USD MILLION) 146
11.6.7.2.3 By application 146
TABLE 109 ARGENTINA: SURGE ARRESTER MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 146
11.6.7.3 Rest of South America 146
11.6.7.3.1 By type 147
TABLE 110 REST OF SOUTH AMERICA: SURGE ARRESTER MARKET, BY TYPE,
2018–2025 (USD MILLION) 147
11.6.7.3.2 By application 147
TABLE 111 REST OF SOUTH AMERICA: SURGE ARRESTER MARKET, BY APPLICATION, 2018–2025 (USD MILLION) 147
12 COMPETITIVE LANDSCAPE 148
12.1 OVERVIEW 148
FIGURE 48 KEY DEVELOPMENTS IN SURGE ARRESTER MARKET DURING 2017–2020 149
12.2 MARKET EVALUATION FRAMEWORK 150
FIGURE 49 MARKET EVALUATION FRAMEWORK, 2017–2020 150
12.3 COMPANY EVALUATION QUADRANT 151
12.3.1 STAR 151
12.3.2 EMERGING LEADERS 151
12.3.3 PERVASIVE 151
12.3.4 EMERGING COMPANIES 151
FIGURE 50 COMPETITIVE LEADERSHIP MAPPING: SURGE ARRESTER MARKET, 2019 152
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12.4 MARKET SHARE OF KEY PLAYERS, 2019 153
FIGURE 51 SHARE ANALYSIS OF TOP PLAYERS IN SURGE ARRESTER MARKET, 2019 153
12.5 RANKING AND REVENUE ANALYSIS OF TOP 5 MARKET PLAYER 154
FIGURE 52 RANKING OF TOP PLAYERS IN SURGE ARRESTER MARKET, 2019 154
FIGURE 53 REVENUE ANALYSIS OF SURGE ARRESTER MANUFACTURERS, 2015–2019 154
12.6 COMPETITIVE SCENARIO 155
12.6.1 INVESTMENTS & EXPANSIONS 155
12.6.2 CONTRACTS & AGREEMENTS 155
12.6.3 MERGERS & ACQUISITIONS 156
12.6.4 JOINT VENTURES 156
13 COMPANY PROFILES 157
(Business and financial overview, Products offered, Recent Developments, MNM view)*
13.1 HITACHI ABB POWER GRIDS 157
FIGURE 54 HITACHI ABB POWER GRIDS: COMPANY SNAPSHOT 157
13.2 SIEMENS ENERGY 162
FIGURE 55 SIEMENS ENERGY: COMPANY SNAPSHOT 162
13.3 GENERAL ELECTRIC (GE) 165
FIGURE 56 GE: COMPANY SNAPSHOT 165
13.4 EATON 168
FIGURE 57 EATON: COMPANY SNAPSHOT 168
13.5 HUBBELL 171
FIGURE 58 HUBBELL: COMPANY SNAPSHOT 171
13.6 SCHNEIDER ELECTRIC 173
FIGURE 59 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 173
13.7 CG POWER AND INDUSTRIAL SOLUTIONS 175
FIGURE 60 CG POWER AND INDUSTRIAL SOLUTIONS: COMPANY SNAPSHOT 175
13.8 MITSUBISHI ELECTRIC 177
FIGURE 61 MITSUBISHI ELECTRIC: COMPANY SNAPSHOT 177
13.9 TE CONNECTIVITY 179
FIGURE 62 TE CONNECTIVITY: COMPANY SNAPSHOT 179
13.10 MEIDENSHA 181
FIGURE 63 MEIDENSHA: COMPANY SNAPSHOT 181
13.11 ELPRO INTERNATIONAL 183
FIGURE 64 ELPRO INTERNATIONAL: COMPANY SNAPSHOT 183
13.12 LAMCO INDUSTRIES 185
13.13 OBLUM ELECTRICAL INDUSTRIES 186
13.14 ELEKTROLITES 187
13.15 DEHN INTERNATIONAL 188
13.16 TOSHIBA 189
13.17 HM CORPORATION 189
13.18 ENSTO 190
13.19 ZHEJIANG HAIVO ELECTRICAL 190
13.20 NGK INSULATORS 191
13.21 LIST OF OTHER SURGE ARRESTER MANUFACTURERS 191
*Details on Business and financial overview, Products offered, Recent Developments, MNM view mi