Press release
Surge Arrester Market Projected to Reach $1.9 Billion by 2025
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The utilities segment is expected to lead the surge arrester market
The surge arrester market, by end-user, is segmented into utilities, industries, and transportation. Utilities are the major end-user industry of surge arresters owing to the fact that the sheer size of an electrical network operated by utilities is bigger compared to the industrial and transportation electric infrastructure.
Asia-Pacific is expected to be the largest surge arrester market
Rising demand for surge arresters in China, and India are expected to drive the Surge Arrester Market in Asia-Pacific. Surging demand for electricity and the growing need to increase renewable power generation capacity encourage utilities in these countries to invest in transmission and distribution infrastructure. Increased investments in EHV and UHV transmission projects in China and India spur the growth of the surge arrester market in APAC.
Some of the prominent key players profiled in the Surge Arrester Market are Hitachi ABB (Switzerland), Siemens Energy (Germany), General Electric (US), Eaton (Ireland), and Hubbell (US).
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