Surge Arrester Market

Surge Arrester Market Analysis by Porcelain and Polymeric in High, Medium, and Low Voltage from 2023 to 2033

Analysis of Surge Arrester Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Surge Arrester Market Outlook (2023 to 2033)

The global surge arrester market is estimated at US$ 2.01 billion in 2023 and is projected to reach US$ 3.26 billion by 2033, expanding at a CAGR of 5% between 2023 and 2033.

A surge arrester, also referred to as a lightning arrester or surge suppressor, is an electrical device designed to protect sensitive electrical equipment and systems from voltage spikes and surges caused by lightning strikes or other transient voltage events.

Surge arresters are typically installed at the entry point of electrical systems or directly at the equipment, which is to be protected. They consist of one or more metal oxide varistors (MOV) or gas discharge tubes that can conduct large waves of current when the voltage exceeds a certain threshold. By shunting the surge current away from the sensitive components, they limit the voltage applied to the protected equipment and prevent damage.

Increasing need for electronics in day-to-day life is becoming more and more essential in both households and industries, which is directly raising the need for protecting sensitive equipment from voltage spikes and surges. Computers, servers, telecommunications equipment, medical devices, and industrial control systems are some of the devices, which highly need surge arresters to control power spikes.

Porcelain and polymeric are two types of surge arrester devices. Polymeric surge arresters represent cutting-edge technology, featuring a combination of rubber casing and metal oxide varistor discs securely held together by a sturdy strength member. The integration of rubber housing in the polymer design brings about a remarkable improvement in hydrophobicity and equipment protection.

Polymer surge arresters not only offer exceptional mechanical durability but also provide easy handling during transportation and installation. Moreover, polymer lightning arresters bring the added advantage of space-saving benefits and reduced weight when compared to alternative options. Polymer surge arresters are quickly becoming the favoured option for high-voltage applications over conventional porcelain systems due to their exceptional performance and compatibility.

The compact design of polymeric surge arresters takes up less space compared to traditional porcelain systems. This space-saving characteristic is crucial in electrical protection applications with limited available space or crowded electrical panels. Thus, all these factors are boosting the demand for polymer lightning arrester systems.

Report Attributes Details

Surge Arrester Market Size (2023E)

US$ 2.01 Billion

Forecasted Market Value (2033F)

US$ 3.26 Billion

Global Market Growth Rate (2023 to 2033)

5% CAGR

Leading Regional Market

North America

Emerging Regional Market

Asia Pacific

Key Companies Profiled

  • Eaton
  • Mitsubishi Electric
  • Toshiba
  • Hubbell
  • Legrand
  • Meidensha
  • Tripp Lite
  • ABB Ltd
  • CG Power and Industrial Solutions Ltd
  • General Electric Company
  • Siemens AG
  • Schneider Electric SE

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What’s Leading to the Demand Growth for Surge Arresters?

“Effective Stabilizing Features of Surge Arrester Materials in Various Electrification Projects”

Surge arresters play a crucial role in ensuring the reliable and safe operation of transmission and distribution (T&D) networks. These networks form the backbone of the electricity supply chain, facilitating the efficient transfer of electrical power from generation sources to end users. The rising global electricity demand is creating the need for overvoltage protective devices to protect the valuable electrical equipment within these networks from voltage surges and transient disturbances.

One of the primary drivers of the surge arrester technology industry is the growing investments in T&D networks across the globe. Respective governments and utilities around the world are recognizing the importance of upgrading and expanding their existing electrical infrastructure to meet the growing electricity demand and ensure grid stability. Modernizing T&D networks is essential to deliver electricity more efficiently, reduce transmission losses, and enhance overall system resilience.

Countries such as China and India are witnessing rapid industrialization and urbanization, leading to a rise in electrification projects. The expansion of electricity access to remote areas and the ongoing development of new industries necessitate robust electrical systems that can withstand voltage fluctuations and lightning strikes. High-voltage lightning arresters are becoming integral components in protecting these newly installed electrical assets, ensuring their longevity and continuous operation.

Integration of renewable energy sources such as solar and wind power, into the grid is also driving the need for T&D network expansions and improvements in various regions, including the United States, Europe, and other developed countries. Renewable energy projects require reliable and efficient transmission systems to transport the electricity generated from renewable sources to consumption centers. Solar surge arresters are vital in safeguarding this critical infrastructure from transient events and ensuring a seamless integration of renewable energy into the existing grids.

Ever-increasing occurrence of extreme weather events due to climate change is also emphasizing the significance of surge arresters for electrical safety. Thunderstorms, hurricanes, and other natural disasters can cause a substantial voltage increase that may lead to equipment damage and power outages. Surge arresters act as the first line of defense, diverting excessive energy away from sensitive electrical components and preventing costly breakdowns. Thus, as the world is moving toward a more electrified and sustainable future, the surge arrester market is expected to grow at a healthy pace.

How are Sales of Surge Arresters Being Negatively Affected?

“Availability of Alternatives Such as Active Surge Suppression Systems”

Advancements in technology result in the development of alternative surge protection solutions that can compete with traditional surge arresters. If these alternative technologies offer similar or improved performance at lower costs, it could impact the demand for traditional surge arresters.

Active surge suppression systems use active electronic components to monitor and actively manage electrical surges. These systems can dynamically adjust their response based on the surge conditions, providing optimized overvoltage protection. Active surge suppression systems can be adaptive and self-healing, offering enhanced protection and reducing the risk of equipment damage. Thus, the presence of alternatives is hampering the growth of surge arrester manufacturers to some extent.

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How are Start-ups Strategizing in the Market for Surge Arresters?

“Production of Surge Arresters with New Designs & Sustainable Materials”

New companies are continuously working on innovations and designs to gain a competitive edge in the market. They are focusing on improvements in surge protection performance, faster response times, enhanced durability, and integration with smart grid technologies.

Incorporating environment-friendly materials and manufacturing processes attracts environment-conscious customers. Products with lower environmental impacts such as recyclable materials and reduced energy consumption during manufacturing aid the surge arrester demand.

New surge arrestor manufacturers are addressing underserved niches and tailoring new cost-effective surge arrester products to cater to their unique requirements, which include specific industries, geographic regions, and advanced transient voltage surge suppressors (TVSS) and specialized applications where existing solutions might not be optimal.

Surge Arrester Market Size, Share, Trends, Growth, Demand and Sales Forecast Report by Fact.MR

Country-wise Analysis

Why is Demand for Surge Arresters Increasing in the United States Construction Sector?

“Importance of Surge Arresters in Smart Homes in the Country”

Sales of surge arresters in the United States are growing rapidly. The increasing reliance on electronic devices and sensitive equipment across various industries such as telecommunications, energy, and manufacturing is increasing the demand for robust surge protection solutions.

The American construction sector is experiencing a growing trend of smart homes. The smart home ecosystem highly relies on several smart electrical appliances, which run on high power.

Growing awareness of potential damages caused by power surges is laying a greater emphasis on residential surge protection solutions. Homeowners are recognizing the importance of safeguarding their appliances and electronics, leading to a rise in the adoption of surge arrester products.

Why are Sales of Surge Arresters Rising Rapidly in Germany?

“Focus on Renewable Energy & Higher Adoption of Lighting Arrester Systems”

In Germany, demand for surge arresters is evolving in tandem with the country's strong emphasis on renewable energy sources and advanced industrial automation. As the energy landscape is shifting toward renewables, the integration of solar panels and wind turbines into the power grid is necessitating robust surge protection to ensure grid stability. This is increasing the demand for high-performance surge arresters capable of withstanding the unique challenges posed by renewable energy systems.

Germany's position as an industrial powerhouse is leading to a growing requirement for surge protection in manufacturing and automation processes. The Industry 4.0 initiative, which is aimed at advancing industrial automation and digitalization is driving the adoption of surge protection devices that can safeguard sophisticated machinery and data networks.

Why is Japan an Important Market for Suppliers of Surge Arresters?

“Vulnerability to Natural Disasters Resulting in Higher Use of Surge Arresters”

Several technological innovations and disaster preparedness initiatives are increasing the consumption of power surge arresters in Japan. The country's vulnerability to natural disasters such as earthquakes and typhoons is underscoring the critical importance of surge protection in safeguarding infrastructure and electronic systems. This is leading to the focus on highly reliable surge arresters capable of withstanding extreme environmental conditions.

Japan's continuous technological advancements are also increasing the integration of surge protection into smart city infrastructure and electric vehicle charging networks. As the country is moving toward greater sustainability and urban development, surge arresters are playing a vital role in maintaining the resilience and longevity of these cutting-edge systems, thereby augmenting surge arrester market growth in the country.

  • In September 2021, Toshiba Energy Systems & Solutions Corporation declared its intention to nearly triple the existing production capacity of polymer-encased surge arresters by April 2022. These surge arresters, produced by Toshiba ESS, are specifically engineered to protect power transmission and distribution infrastructure and machinery. This includes critical assets such as substations, power plants, and transmission lines, shielding them from the adverse impacts of overvoltage incidents triggered by lightning strikes. It is also important to note that Toshiba ESS holds the responsibility for the operation of circuit breakers at the Hamakawasaki Operations facility situated in Japan.

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Category-wise Analysis

Which Sector Widely Utilizes Surge Arresters?

“Role of Surge Arresters in Stabilizing Power Fluctuations in Industrial Units”

According to Fact.MR, a market research and competitive intelligence provider, the industrial sector is experiencing higher demand for surge arresters among other end users. This is due to the growing adoption of automation, encompassing intricate machinery, precision control systems, and delicate electronic apparatus in industrial manufacturing units.

These industrial automation setups are highly susceptible to voltage spikes, which can lead to equipment glitches, operational disruptions, and low production output, increasing the necessity for surge arresters. By serving as a vital protective shield for industrial automation infrastructure, surge arrester devices play a pivotal role in guaranteeing seamless operations and preserving valuable equipment. Thus, rapid industrialization across the globe is facilitating the adoption of surge arresters.

Competitive Landscape

Expanding the range of surge protection solutions to cover different voltage levels, industries, and applications is aiding top companies in the surge arrester technology market to attract a wider customer spectrum and earn more market shares.

Developing innovative surge arrester products with advanced features, improved performance, and compatibility with various applications is also boosting the revenue growth of key market players.

  • In July 2021, General Electric (GE) successfully clinched a supply agreement with GSI Helmholtzzentrum für Schwerionenforschung, a renowned research institution that manages an ion accelerator complex situated in Darmstadt, Germany. Within the framework of this contract, GE is furnishing the research facility with its cutting-edge LV8 platform, encompassing a diverse array of elements including power transformers, medium voltage switchgear, surge arresters, and various other components.

Key Segments of Surge Arrester Industry Research

  • By Type :

    • Porcelain
    • Polymeric
  • By Class :

    • Station
    • Intermediate
    • Distribution
  • By Voltage Level :

    • High
    • Medium
    • Low
  • By Application :

    • Industrial
    • Commercial
    • Residential
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

Table of Content

1. Executive Summary

    1.1. Key Findings

        1.1.1. Overall Market

        1.1.2. Segment Overview

        1.1.3. Regional Overview

        1.1.4. Competitor’s Focus

        1.1.5. Consumer’s Perception

    1.2. Summary of Statistics

    1.3. Market Characteristics and Attributes

2. Market Overview

    2.1. Introduction and Definition

    2.2. Research Scope

3. COVID 19 Impact Assessment

    3.1. Demand in Market

        3.1.1. Global Market Quarterly Market Value Analysis (US$ Mn), 2022

        3.1.2. Global Market Value Y-o-Y Growth Pre and Post Crisis Projection

        3.1.3. Global Market Recalibrated Growth Projection (US$ Mn)

    3.2. Market Shrink and Recovery Trend Assessment, by Region

    3.3. Market Recalibrated Market and Growth Assessment, by Region

4. Market Background

    4.1. Country wise Market Attractiveness Index

    4.2. Market Scenario-based Forecast

    4.3. Value Chain Analysis

        4.3.1. List of Manufacturers

        4.3.2. List of Online Retailers

        4.3.3. List of Voltage Levels

    4.4. Investment Feasibility Assessment

        4.4.1. Investment Feasibility for Market

    4.5. Porter’s Five Forces Analysis

        4.5.1. Bargaining Power of Buyers

        4.5.2. Bargaining Power of Suppliers

        4.5.3. Threat of Substitute Classs

        4.5.4. Threat of New Entrants

        4.5.5. Intensity of Rivalry

        4.5.6. 5 Forces Acting Upon Market

    4.6. PESTEL Analysis

    4.7. Forecast Factors

        4.7.1. Increasing Government Regulations

        4.7.2. Expansion of Industry

        4.7.3. Compliance to Insurance Regulations

        4.7.4. Advancements in Market

        4.7.5. Increasing Global Temperature

        4.7.6. Technological Advancements

    4.8. Market Dynamics

        4.8.1. Market Drivers

        4.8.2. Market Restraints

        4.8.3. Opportunity Windows

        4.8.4. Key Trends

5. Global Market Pricing Analysis

    5.1. Price Point Assessment

        5.1.1. Weighted Average Pricing (2022), by Region

        5.1.2. Key Factors Influencing Pricing

        5.1.3. Price Benchmark by Region

        5.1.4. Price Benchmark by Type

6. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033)

    6.1. Market Overview

    6.2. Introduction to Market Statistics

        6.2.1. Global Market Value (US$ Mn)

        6.2.2. Global Cumulative Historical Market and Absolute $ Opportunity

    6.3. Y-o-Y Growth and Incremental Opportunity

    6.4. Absolute Dollar Historical Market and Absolute Dollar Opportunity

7. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by Type

    7.1. Introduction

        7.1.1. Type Definition

            7.1.1.1. Porcelain

            7.1.1.2. Polymeric

        7.1.2. Market Key Findings, by Type

            7.1.2.1. Absolute $ Opportunity (2023 to 2033)

            7.1.2.2. Market Share and BPS Analysis

            7.1.2.3. Y-o-Y Growth Projections

            7.1.2.4. Market Attractiveness Analysis

    7.2. Global Market Regional Market Share Comparison, by Type

8. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by Class

    8.1. Introduction

        8.1.1. Class Definition

            8.1.1.1. Station

            8.1.1.2. Intermediate

            8.1.1.3. Distribution

        8.1.2. Market Key Findings, by Class

            8.1.2.1. Absolute $ Opportunity (2023 to 2033)

            8.1.2.2. Market Share and BPS Analysis

            8.1.2.3. Y-o-Y Growth Projections

            8.1.2.4. Market Attractiveness Analysis

    8.2. Global Market Regional Market Share Comparison, by Class

9. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by Application

    9.1. Introduction

        9.1.1. Application Definition

            9.1.1.1. Industrial

            9.1.1.2. Commercial

            9.1.1.3. Residential

        9.1.2. Market Key Findings, by Application

            9.1.2.1. Absolute $ Opportunity (2023 to 2033)

            9.1.2.2. Market Share and BPS Analysis

            9.1.2.3. Y-o-Y Growth Projections

            9.1.2.4. Market Attractiveness Analysis

    9.2. Global Market Regional Market Share Comparison, by Application

10. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by Voltage Level

    10.1. Introduction

        10.1.1. Voltage Level Definition

            10.1.1.1. High

            10.1.1.2. Medium

            10.1.1.3. Low

        10.1.2. Market Key Findings, by Voltage Level

            10.1.2.1. Absolute $ Opportunity (2023 to 2033)

            10.1.2.2. Market Share and BPS Analysis

            10.1.2.3. Y-o-Y Growth Projections

            10.1.2.4. Market Attractiveness Analysis

    10.2. Global Market Regional Market Share Comparison, by Voltage Level

11. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by Region

    11.1. Introduction

        11.1.1. Regional Coverage

            11.1.1.1. North America

            11.1.1.2. Europe

            11.1.1.3. East Asia

            11.1.1.4. South Asia

            11.1.1.5. Latin America

            11.1.1.6. Middle East & Africa (MEA)

            11.1.1.7. Oceania

        11.1.2. Market Key Findings, by Region

            11.1.2.1. Absolute $ Opportunity (2023 to 2033)

            11.1.2.2. Market Share and BPS Analysis

            11.1.2.3. Y-o-Y Growth Projections

            11.1.2.4. Market Attractiveness Analysis

    11.2. Global Market Regional Market Share Comparison, by Region

12. North America Market Analysis and Forecast

    12.1. Overview

        12.1.1. North America Share in Global Market

    12.2. Market Value & Volume Forecast and Analysis

        12.2.1. By Country

            12.2.1.1. United States

            12.2.1.2. Canada

        12.2.2. By Type

        12.2.3. By Class

        12.2.4. By Application

        12.2.5. By Voltage Level

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

            12.3.1.1. United States

            12.3.1.2. Canada

        12.3.2. By Type

        12.3.3. By Class

        12.3.4. By Application

        12.3.5. By Voltage Level

    12.4. Y-o-Y Growth Comparison

13. Europe Market Analysis and Forecast

    13.1. Overview

        13.1.1. Europe Share in Global Market

    13.2. Market Value & Volume Forecast and Analysis

        13.2.1. By Country

            13.2.1.1. Germany

            13.2.1.2. United Kingdom

            13.2.1.3. France

            13.2.1.4. Russia

            13.2.1.5. Spain

            13.2.1.6. Italy

            13.2.1.7. Rest of Europe

        13.2.2. By Type

        13.2.3. By Class

        13.2.4. By Application

        13.2.5. By Voltage Level

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

            13.3.1.1. Germany

            13.3.1.2. United Kingdom

            13.3.1.3. France

            13.3.1.4. Russia

            13.3.1.5. Spain

            13.3.1.6. Italy

            13.3.1.7. Rest of Europe

        13.3.2. By Type

        13.3.3. By Class

        13.3.4. By Application

        13.3.5. By Voltage Level

    13.4. Y-o-Y Growth Comparison

14. East Asia Market Analysis and Forecast

    14.1. Overview

        14.1.1. East Asia Share in Global Market

    14.2. Market Value & Volume Forecast and Analysis

        14.2.1. By Country

            14.2.1.1. China

            14.2.1.2. Japan

            14.2.1.3. South Korea

        14.2.2. By Type

        14.2.3. By Class

        14.2.4. By Application

        14.2.5. By Voltage Level

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

            14.3.1.1. China

            14.3.1.2. Japan

            14.3.1.3. South Korea

        14.3.2. By Type

        14.3.3. By Class

        14.3.4. By Application

        14.3.5. By Voltage Level

    14.4. Y-o-Y Growth Comparison

15. South Asia Market Analysis and Forecast

    15.1. Overview

        15.1.1. South Asia Share in Global Market

    15.2. Market Value & Volume Forecast and Analysis

        15.2.1. By Country

            15.2.1.1. India

            15.2.1.2. Singapore

            15.2.1.3. Indonesia

            15.2.1.4. Thailand

            15.2.1.5. Rest of South Asia

        15.2.2. By Type

        15.2.3. By Class

        15.2.4. By Application

        15.2.5. By Voltage Level

    15.3. Market Attractiveness Analysis

        15.3.1. By Country

            15.3.1.1. India

            15.3.1.2. Singapore

            15.3.1.3. Indonesia

            15.3.1.4. Thailand

            15.3.1.5. Rest of South Asia

        15.3.2. By Type

        15.3.3. By Class

        15.3.4. By Application

        15.3.5. By Voltage Level

    15.4. Y-o-Y Growth Comparison

16. Latin America Market Analysis and Forecast

    16.1. Overview

        16.1.1. Latin America Share in Global Market

    16.2. Market Value & Volume Forecast and Analysis

        16.2.1. By Country

            16.2.1.1. Brazil

            16.2.1.2. Mexico

            16.2.1.3. Rest of LATAM

        16.2.2. By Type

        16.2.3. By Class

        16.2.4. By Application

        16.2.5. By Voltage Level

    16.3. Market Attractiveness Analysis

        16.3.1. By Country

            16.3.1.1. Brazil

            16.3.1.2. Mexico

            16.3.1.3. Rest of LATAM

        16.3.2. By Type

        16.3.3. By Class

        16.3.4. By Application

        16.3.5. By Voltage Level

    16.4. Y-o-Y Growth Comparison

17. Middle East & Africa Market Analysis and Forecast

    17.1. Overview

        17.1.1. Middle East & Africa Share in Global Market

    17.2. Market Value & Volume Forecast and Analysis

        17.2.1. By Country

            17.2.1.1. Turkey

            17.2.1.2. GCC Countries

            17.2.1.3. Rest of MEA

        17.2.2. By Type

        17.2.3. By Class

        17.2.4. By Application

        17.2.5. By Voltage Level

    17.3. Market Attractiveness Analysis

        17.3.1. By Country

            17.3.1.1. Turkey

            17.3.1.2. GCC Countries

            17.3.1.3. Rest of MEA

        17.3.2. By Type

        17.3.3. By Class

        17.3.4. By Application

        17.3.5. By Voltage Level

    17.4. Y-o-Y Growth Comparison

18. Oceania Market Analysis and Forecast

    18.1. Overview

        18.1.1. Oceania Share in Global Market

    18.2. Market Value & Volume Forecast and Analysis

        18.2.1. By Country

            18.2.1.1. Australia

            18.2.1.2. New Zealand

        18.2.2. By Type

        18.2.3. By Class

        18.2.4. By Application

        18.2.5. By Voltage Level

    18.3. Market Attractiveness Analysis

        18.3.1. By Country

            18.3.1.1. Australia

            18.3.1.2. New Zealand

        18.3.2. By Type

        18.3.3. By Class

        18.3.4. By Application

        18.3.5. By Voltage Level

    18.4. Y-o-Y Growth Comparison

19. Global Market Analysis Key Countries

    19.1. United States

        19.1.1. Share of North American Market

        19.1.2. Market Share, by Type, 2022

        19.1.3. Market Share, by Class, 2022

        19.1.4. Market Value (US$ Mn) and Forecast 2023 to 2033

        19.1.5. Market Share, by Voltage Level, 2022

    19.2. Canada

        19.2.1. Share of North American Market

        19.2.2. Market Share, by Type, 2022

        19.2.3. Market Share, by Class, 2022

        19.2.4. Market Value (US$ Mn) and Forecast 2023 to 2033

        19.2.5. Market Share, by Voltage Level, 2022

    19.3. Germany

        19.3.1. Share of European Market

        19.3.2. Market Share, by Type, 2022

        19.3.3. Market Share, by Class, 2022

        19.3.4. Market Value (US$ Mn) and Forecast 2023 to 2033

        19.3.5. Market Share, by Voltage Level, 2022

    19.4. United Kingdom

        19.4.1. Share of European Market

        19.4.2. Market Share, by Type, 2022

        19.4.3. Market Share, by Class, 2022

        19.4.4. Market Value (US$ Mn) and Forecast 2023 to 2033

        19.4.5. Market Share, by Voltage Level, 2022

    19.5. France

        19.5.1. Share of European Market

        19.5.2. Market Share, by Type, 2022

        19.5.3. Market Share, by Class, 2022

        19.5.4. Market Value (US$ Mn) and Forecast 2023 to 2033

        19.5.5. Market Share, by Voltage Level, 2022

    19.6. Russia

        19.6.1. Share of European Market

        19.6.2. Market Share, by Type, 2022

        19.6.3. Market Share, by Class, 2022

        19.6.4. Market Value (US$ Mn) and Forecast 2023 to 2033

        19.6.5. Market Share, by Voltage Level, 2022

    19.7. Spain

        19.7.1. Share of European Market

        19.7.2. Market Share, by Type, 2022

        19.7.3. Market Share, by Class, 2022

        19.7.4. Market Value (US$ Mn) and Forecast 2023 to 2033

        19.7.5. Market Share, by Voltage Level, 2022

    19.8. Italy

        19.8.1. Share of European Market

        19.8.2. Market Share, by Type, 2022

        19.8.3. Market Share, by Class, 2022

        19.8.4. Market Value (US$ Mn) and Forecast 2023 to 2033

        19.8.5. Market Share, by Voltage Level, 2022

    19.9. China

        19.9.1. Share of East Asian Market

        19.9.2. Market Share, by Type, 2022

        19.9.3. Market Share, by Class, 2022

        19.9.4. Market Value (US$ Mn) and Forecast 2023 to 2033

        19.9.5. Market Share, by Voltage Level, 2022

    19.10. Japan

        19.10.1. Share of East Asian Market

        19.10.2. Market Share, by Type, 2022

        19.10.3. Market Share, by Class, 2022

        19.10.4. Market Value (US$ Mn) and Forecast 2023 to 2033

        19.10.5. Market Share, by Voltage Level, 2022

    19.11. South Korea

        19.11.1. Share of East Asian Market

        19.11.2. Market Share, by Type, 2022

        19.11.3. Market Share, by Class, 2022

        19.11.4. Market Value (US$ Mn) and Forecast 2023 to 2033

        19.11.5. Market Share, by Voltage Level, 2022

    19.12. India

        19.12.1. Share of South Asian Market

        19.12.2. Market Share, by Type, 2022

        19.12.3. Market Share, by Class, 2022

        19.12.4. Market Value (US$ Mn) and Forecast 2023 to 2033

        19.12.5. Market Share, by Voltage Level, 2022

    19.13. Singapore

        19.13.1. Share of South Asian Market

        19.13.2. Market Share, by Type, 2022

        19.13.3. Market Share, by Class, 2022

        19.13.4. Market Value (US$ Mn) and Forecast 2023 to 2033

        19.13.5. Market Share, by Voltage Level, 2022

    19.14. Indonesia

        19.14.1. Share of South Asian Market

        19.14.2. Market Share, by Type, 2022

        19.14.3. Market Share, by Class, 2022

        19.14.4. Market Value (US$ Mn) and Forecast 2023 to 2033

        19.14.5. Market Share, by Voltage Level, 2022

    19.15. Thailand

        19.15.1. Share of South Asian Market

        19.15.2. Market Share, by Type, 2022

        19.15.3. Market Share, by Class, 2022

        19.15.4. Market Value (US$ Mn) and Forecast 2023 to 2033

        19.15.5. Market Share, by Voltage Level, 2022

    19.16. Brazil

        19.16.1. Share of Latin American Market

        19.16.2. Market Share, by Type, 2022

        19.16.3. Market Share, by Class, 2022

        19.16.4. Market Value (US$ Mn) and Forecast 2023 to 2033

        19.16.5. Market Share, by Voltage Level, 2022

    19.17. Mexico

        19.17.1. Share of Latin American Market

        19.17.2. Market Share, by Type, 2022

        19.17.3. Market Share, by Class, 2022

        19.17.4. Market Value (US$ Mn) and Forecast 2023 to 2033

        19.17.5. Market Share, by Voltage Level, 2022

    19.18. Turkey

        19.18.1. Share of MEA Market

        19.18.2. Market Share, by Type, 2022

        19.18.3. Market Share, by Class, 2022

        19.18.4. Market Value (US$ Mn) and Forecast 2023 to 2033

        19.18.5. Market Share, by Voltage Level, 2022

    19.19. GCC Countries

        19.19.1. Share of MEA Market

        19.19.2. Market Share, by Type, 2022

        19.19.3. Market Share, by Class, 2022

        19.19.4. Market Value (US$ Mn) and Forecast 2023 to 2033

        19.19.5. Market Share, by Voltage Level, 2022

    19.20. South Africa

        19.20.1. Share of MEA Market

        19.20.2. Market Share, by Type, 2022

        19.20.3. Market Share, by Class, 2022

        19.20.4. Market Value (US$ Mn) and Forecast 2023 to 2033

        19.20.5. Market Share, by Voltage Level, 2022

    19.21. Australia

        19.21.1. Share of Oceania Market

        19.21.2. Market Share, by Type, 2022

        19.21.3. Market Share, by Class, 2022

        19.21.4. Market Value (US$ Mn) and Forecast 2023 to 2033

        19.21.5. Market Share, by Voltage Level, 2022

    19.22. New Zealand

        19.22.1. Share of Oceania Market

        19.22.2. Market Share, by Type, 2022

        19.22.3. Market Share, by Class, 2022

        19.22.4. Market Value (US$ Mn) and Forecast 2023 to 2033

        19.22.5. Market Share, by Voltage Level, 2022

20. Competition Landscape

    20.1. Global Market Competition Dashboard

    20.2. Global Market Tier Structure

        20.2.1. Market Structure in 2022

        20.2.2. Anticipated Market Structure in 2033

    20.3. Global Market Share Analysis

21. Competition Analysis

    21.1. Eaton

        21.1.1. Company Overview

        21.1.2. Class Portfolio

        21.1.3. Key Strategies

        21.1.4. Regional Presence

        21.1.5. Key Developments

        21.1.6. SWOT Analysis

    21.2. Mitsubishi Electric

        21.2.1. Company Overview

        21.2.2. Class Portfolio

        21.2.3. Key Strategies

        21.2.4. Regional Presence

        21.2.5. Key Developments

        21.2.6. SWOT Analysis

    21.3. Toshiba

        21.3.1. Company Overview

        21.3.2. Class Portfolio

        21.3.3. Key Strategies

        21.3.4. Regional Presence

        21.3.5. Key Developments

        21.3.6. SWOT Analysis

    21.4. Hubbell

        21.4.1. Company Overview

        21.4.2. Class Portfolio

        21.4.3. Key Strategies

        21.4.4. Regional Presence

        21.4.5. Key Developments

        21.4.6. SWOT Analysis

    21.5. Legrand

        21.5.1. Company Overview

        21.5.2. Class Portfolio

        21.5.3. Key Strategies

        21.5.4. Regional Presence

        21.5.5. Key Developments

        21.5.6. SWOT Analysis

    21.6. Meidensha

        21.6.1. Company Overview

        21.6.2. Class Portfolio

        21.6.3. Key Strategies

        21.6.4. Regional Presence

        21.6.5. Key Developments

        21.6.6. SWOT Analysis

    21.7. Tripp Lite

        21.7.1. Company Overview

        21.7.2. Class Portfolio

        21.7.3. Key Strategies

        21.7.4. Regional Presence

        21.7.5. Key Developments

        21.7.6. SWOT Analysis

    21.8. ABB Ltd

        21.8.1. Company Overview

        21.8.2. Class Portfolio

        21.8.3. Key Strategies

        21.8.4. Regional Presence

        21.8.5. Key Developments

        21.8.6. SWOT Analysis

    21.9. CG Power and Industrial Solutions Ltd

        21.9.1. Company Overview

        21.9.2. Class Portfolio

        21.9.3. Key Strategies

        21.9.4. Regional Presence

        21.9.5. Key Developments

        21.9.6. SWOT Analysis

    21.10. General Electric Company

        21.10.1. Company Overview

        21.10.2. Class Portfolio

        21.10.3. Key Strategies

        21.10.4. Regional Presence

        21.10.5. Key Developments

        21.10.6. SWOT Analysis

    21.11. Siemens AG

        21.11.1. Company Overview

        21.11.2. Class Portfolio

        21.11.3. Key Strategies

        21.11.4. Regional Presence

        21.11.5. Key Developments

        21.11.6. SWOT Analysis

    21.12. Schneider Electric SE

        21.12.1. Company Overview

        21.12.2. Class Portfolio

        21.12.3. Key Strategies

        21.12.4. Regional Presence

        21.12.5. Key Developments

        21.12.6. SWOT Analysis

22. Appendix

23. Definitions of Analytical Frameworks

24. Sources and References

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List Of Table

Table 01: Global Market by Type, 2018 to 2033

Table 02: Global Market Value (US$ Mn), by Type, 2018 to 2033

Table 03: Global Market by Class, 2018 to 2033

Table 04: Global Market Value (US$ Mn), by Class, 2018 to 2033

Table 05: Global Market by Application, 2018 to 2033

Table 06: Global Market Value (US$ Mn), by Application, 2018 to 2033

Table 07: Global Market by Voltage Level, 2018 to 2033

Table 08: Global Market Value (US$ Mn), by Voltage Level, 2018 to 2033

Table 09: Global Market by Region, 2018 to 2033

Table 10: Global Market Value (US$ Mn), by Region, 2018 to 2033

Table 11: North America Market by Type, 2018 to 2033

Table 12: North America Market Value (US$ Mn), by Type, 2018 to 2033

Table 13: North America Market by Class, 2018 to 2033

Table 14: North America Market Value (US$ Mn), by Class, 2018 to 2033

Table 15: North America Market by Application, 2018 to 2033

Table 16: North America Market Value (US$ Mn), by Application, 2018 to 2033

Table 17: North America Market by Voltage Level, 2018 to 2033

Table 18: North America Market Value (US$ Mn), by Voltage Level, 2018 to 2033

Table 19: North America Market by Country, 2018 to 2033

Table 20: North America Market Value (US$ Mn), by Country, 2018 to 2033

Table 21: Europe Market by Type, 2018 to 2033

Table 22: Europe Market Value (US$ Mn), by Type, 2018 to 2033

Table 23: Europe Market by Class, 2018 to 2033

Table 24: Europe Market Value (US$ Mn), by Class, 2018 to 2033

Table 25: Europe Market by Application, 2018 to 2033

Table 26: Europe Market Value (US$ Mn), by Application, 2018 to 2033

Table 27: Europe Market by Voltage Level, 2018 to 2033

Table 28: Europe Market Value (US$ Mn), by Voltage Level, 2018 to 2033

Table 29: Europe Market by Country, 2018 to 2033

Table 30: Europe Market Value (US$ Mn), by Country, 2018 to 2033

Table 31: East Asia Market by Type, 2018 to 2033

Table 32: East Asia Market Value (US$ Mn), by Type, 2018 to 2033

Table 33: East Asia Market by Class, 2018 to 2033

Table 34: East Asia Market Value (US$ Mn), by Class, 2018 to 2033

Table 35: East Asia Market by Application, 2018 to 2033

Table 36: East Asia Market Value (US$ Mn), by Application, 2018 to 2033

Table 37: East Asia Market by Voltage Level, 2018 to 2033

Table 38: East Asia Market Value (US$ Mn), by Voltage Level, 2018 to 2033

Table 39: East Asia Market by Country, 2018 to 2033

Table 40: East Asia Market Value (US$ Mn), by Country, 2018 to 2033

Table 41: South Asia Market by Type, 2018 to 2033

Table 42: South Asia Market Value (US$ Mn), by Type, 2018 to 2033

Table 43: South Asia Market by Class, 2018 to 2033

Table 44: South Asia Market Value (US$ Mn), by Class, 2018 to 2033

Table 45: South Asia Market by Application, 2018 to 2033

Table 46: South Asia Market Value (US$ Mn), by Application, 2018 to 2033

Table 47: South Asia Market by Voltage Level, 2018 to 2033

Table 48: South Asia Market Value (US$ Mn), by Voltage Level, 2018 to 2033

Table 49: South Asia Market by Country, 2018 to 2033

Table 50: South Asia Market Value (US$ Mn), by Country, 2018 to 2033

Table 51: Latin America Market by Type, 2018 to 2033

Table 52: Latin America Market Value (US$ Mn), by Type, 2018 to 2033

Table 53: Latin America Market by Class, 2018 to 2033

Table 54: Latin America Market Value (US$ Mn), by Class, 2018 to 2033

Table 55: Latin America Market by Application, 2018 to 2033

Table 56: Latin America Market Value (US$ Mn), by Application, 2018 to 2033

Table 57: Latin America Market by Voltage Level, 2018 to 2033

Table 58: Latin America Market Value (US$ Mn), by Voltage Level, 2018 to 2033

Table 59: Latin America Market by Country, 2018 to 2033

Table 60: Latin America Market Value (US$ Mn), by Country, 2018 to 2033

Table 61: Middle East and Africa Market by Type, 2018 to 2033

Table 62: Middle East and Africa Market Value (US$ Mn), by Type, 2018 to 2033

Table 63: Middle East and Africa Market by Class, 2018 to 2033

Table 64: Middle East and Africa Market Value (US$ Mn), by Class, 2018 to 2033

Table 65: Middle East and Africa Market by Application, 2018 to 2033

Table 66: Middle East and Africa Market Value (US$ Mn), by Application, 2018 to 2033

Table 67: Middle East and Africa Market by Voltage Level, 2018 to 2033

Table 68: Middle East and Africa Market Value (US$ Mn), by Voltage Level, 2018 to 2033

Table 69: Middle East and Africa Market by Country, 2018 to 2033

Table 70: Middle East and Africa Market Value (US$ Mn), by Country, 2018 to 2033

Table 71: Oceania Market by Type, 2018 to 2033

Table 72: Oceania Market Value (US$ Mn), by Type, 2018 to 2033

Table 73: Oceania Market by Class, 2018 to 2033

Table 74: Oceania Market Value (US$ Mn), by Class, 2018 to 2033

Table 75: Oceania Market by Application, 2018 to 2033

Table 76: Oceania Market Value (US$ Mn), by Application, 2018 to 2033

Table 77: Oceania Market by Voltage Level, 2018 to 2033

Table 78: Oceania Market Value (US$ Mn), by Voltage Level, 2018 to 2033

Table 79: Oceania Market by Country, 2018 to 2033

Table 80: Oceania Market Value (US$ Mn), by Country, 2018 to 2033

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List Of Figures

Fig 01: Global Market Value (US$) and Y-o-Y Growth, 2018 to 2033

Fig 02: Global Absolute $ Historical Market (2018 to 2022) and Absolute $ Opportunity (2023 to 2033), US$ Mn

Fig 03: Global Market Value Y-o-Y Growth and Forecast, 2018 to 2033

Fig 04: Global Market Incremental $ Opportunity (US$ Thousand), 2023 to 2033

Fig 05: Global Market Share, By Type – 2023 to 2033

Fig 06: Global Market Y-o-Y Growth Projections, By Type – 2023 to 2033

Fig 07: Global Market Attractiveness Index, By Type – 2023 to 2033

Fig 08: Global Market Share, By Class – 2023 to 2033

Fig 09: Global Market Y-o-Y Growth Projections, By Class – 2023 to 2033

Fig 10: Global Market Attractiveness Index, By Class – 2023 to 2033

Fig 11: Global Market Share, By Application – 2023 to 2033

Fig 12: Global Market Y-o-Y Growth Projections, By Application – 2023 to 2033

Fig 13: Global Market Attractiveness Index, By Application – 2023 to 2033

Fig 14: Global Market Share, By Voltage Level – 2023 to 2033

Fig 15: Global Market Y-o-Y Growth Projections, By Voltage Level – 2023 to 2033

Fig 16: Global Market Attractiveness Index, By Voltage Level – 2023 to 2033

Fig 17: Global Market Share, by Region – 2023 to 2033

Fig 18: Global Market Y-o-Y Growth Projections, by Region – 2023 to 2033

Fig 19: Global Market Attractiveness Index, by Region – 2023 to 2033

Fig 20: Y-o-Y Growth Comparison of Market: North America Vs North America Countries Vs North America Average

Fig 21: North America Market Share, By Type – 2023 to 2033

Fig 22: North America Market Y-o-Y Growth Projections, By Type – 2023 to 2033

Fig 23: North America Market Attractiveness Index, By Type – 2023 to 2033

Fig 24: North America Market Share, By Class – 2023 to 2033

Fig 25: North America Market Y-o-Y Growth Projections, By Class – 2023 to 2033

Fig 26: North America Market Attractiveness Index, By Class – 2023 to 2033

Fig 27: North America Market Share, By Application – 2023 to 2033

Fig 28: North America Market Y-o-Y Growth Projections, By Application – 2023 to 2033

Fig 29: North America Market Attractiveness Index, By Application – 2023 to 2033

Fig 30: North America Market Share, By Voltage Level – 2023 to 2033

Fig 31: North America Market Y-o-Y Growth Projections, By Voltage Level – 2023 to 2033

Fig 32: North America Market Attractiveness Index, By Voltage Level – 2023 to 2033

Fig 33: North America Market Share, By Country – 2023 to 2033

Fig 34: North America Market Y-o-Y Growth Projections, By Country – 2023 to 2033

Fig 35: North America Market Attractiveness Index, By Country – 2023 to 2033

Fig 36: Y-o-Y Growth Comparison of Market: Europe Vs Europe Countries Vs Europe Average

Fig 37: Europe Market Share, By Type – 2023 to 2033

Fig 38: Europe Market Y-o-Y Growth Projections, By Type – 2023 to 2033

Fig 39: Europe Market Attractiveness Index, By Type – 2023 to 2033

Fig 40: Europe Market Share, By Class – 2023 to 2033

Fig 41: Europe Market Y-o-Y Growth Projections, By Class – 2023 to 2033

Fig 42: Europe Market Attractiveness Index, By Class – 2023 to 2033

Fig 43: Europe Market Share, By Application – 2023 to 2033

Fig 44: Europe Market Y-o-Y Growth Projections, By Application – 2023 to 2033

Fig 45: Europe Market Attractiveness Index, By Application – 2023 to 2033

Fig 46: Europe Market Share, By Voltage Level – 2023 to 2033

Fig 47: Europe Market Y-o-Y Growth Projections, By Voltage Level – 2023 to 2033

Fig 48: Europe Market Attractiveness Index, By Voltage Level – 2023 to 2033

Fig 49: Europe Market Share, By Country – 2023 to 2033

Fig 50: Europe Market Y-o-Y Growth Projections, By Country – 2023 to 2033

Fig 51: Europe Market Attractiveness Index, By Country – 2023 to 2033

Fig 52: Y-o-Y Growth Comparison of Market: East Asia Vs East Asia Countries Vs East Asia Average

Fig 53: East Asia Market Share, By Type – 2023 to 2033

Fig 54: East Asia Market Y-o-Y Growth Projections, By Type – 2023 to 2033

Fig 55: East Asia Market Attractiveness Index, By Type – 2023 to 2033

Fig 56: East Asia Market Share, By Class – 2023 to 2033

Fig 57: East Asia Market Y-o-Y Growth Projections, By Class – 2023 to 2033

Fig 58: East Asia Market Attractiveness Index, By Class – 2023 to 2033

Fig 59: East Asia Market Share, By Application – 2023 to 2033

Fig 60: East Asia Market Y-o-Y Growth Projections, By Application – 2023 to 2033

Fig 61: East Asia Market Attractiveness Index, By Application – 2023 to 2033

Fig 62: East Asia Market Share, By Voltage Level – 2023 to 2033

Fig 63: East Asia Market Y-o-Y Growth Projections, By Voltage Level – 2023 to 2033

Fig 64: East Asia Market Attractiveness Index, By Voltage Level – 2023 to 2033

Fig 65: East Asia Market Share, By Country – 2023 to 2033

Fig 66: East Asia Market Y-o-Y Growth Projections, By Country – 2023 to 2033

Fig 67: East Asia Market Attractiveness Index, By Country – 2023 to 2033

Fig 68: Y-o-Y Growth Comparison of Market: South Asia Vs South Asia Countries Vs South Asia Average

Fig 69: South Asia Market Share, By Type – 2023 to 2033

Fig 70: South Asia Market Y-o-Y Growth Projections, By Type – 2023 to 2033

Fig 71: South Asia Market Attractiveness Index, By Type – 2023 to 2033

Fig 72: South Asia Market Share, By Class – 2023 to 2033

Fig 73: South Asia Market Y-o-Y Growth Projections, By Class – 2023 to 2033

Fig 74: South Asia Market Attractiveness Index, By Class – 2023 to 2033

Fig 75: South Asia Market Share, By Application – 2023 to 2033

Fig 76: South Asia Market Y-o-Y Growth Projections, By Application – 2023 to 2033

Fig 77: South Asia Market Attractiveness Index, By Application – 2023 to 2033

Fig 78: South Asia Market Share, By Voltage Level – 2023 to 2033

Fig 78: South Asia Market Y-o-Y Growth Projections, By Voltage Level – 2023 to 2033

Fig 80: South Asia Market Attractiveness Index, By Voltage Level – 2023 to 2033

Fig 81: South Asia Market Share, By Country – 2023 to 2033

Fig 82: South Asia Market Y-o-Y Growth Projections, By Country – 2023 to 2033

Fig 83: South Asia Market Attractiveness Index, By Country – 2023 to 2033

Fig 84: Y-o-Y Growth Comparison of Market: Latin America Vs Latin America Countries Vs Latin America Average

Fig 85: Latin America Market Share, By Type – 2023 to 2033

Fig 86: Latin America Market Y-o-Y Growth Projections, By Type – 2023 to 2033

Fig 87: Latin America Market Attractiveness Index, By Type – 2023 to 2033

Fig 88: Latin America Market Share, By Class – 2023 to 2033

Fig 89: Latin America Market Y-o-Y Growth Projections, By Class – 2023 to 2033

Fig 90: Latin America Market Attractiveness Index, By Class – 2023 to 2033

Fig 91: Latin America Market Share, By Application – 2023 to 2033

Fig 92: Latin America Market Y-o-Y Growth Projections, By Application – 2023 to 2033

Fig 93: Latin America Market Attractiveness Index, By Application – 2023 to 2033

Fig 94: Latin America Market Share, By Voltage Level – 2023 to 2033

Fig 95: Latin America Market Y-o-Y Growth Projections, By Voltage Level – 2023 to 2033

Fig 96: Latin America Market Attractiveness Index, By Voltage Level – 2023 to 2033

Fig 97: Latin America Market Share, By Country – 2023 to 2033

Fig 98: Latin America Market Y-o-Y Growth Projections, By Country – 2023 to 2033

Fig 99: Latin America Market Attractiveness Index, By Country – 2023 to 2033

Fig 100: Y-o-Y Growth Comparison of Market: MEA Vs MEA Countries Vs MEA Average

Fig 101: MEA Market Share, By Type – 2023 to 2033

Fig 102: MEA Market Y-o-Y Growth Projections, By Type – 2023 to 2033

Fig 103: MEA Market Attractiveness Index, By Type – 2023 to 2033

Fig 104: MEA Market Share, By Class – 2023 to 2033

Fig 105: MEA Market Y-o-Y Growth Projections, By Class – 2023 to 2033

Fig 106: MEA Market Attractiveness Index, By Class – 2023 to 2033

Fig 107: MEA Market Share, By Application – 2023 to 2033

Fig 108: MEA Market Y-o-Y Growth Projections, By Application – 2023 to 2033

Fig 109: MEA Market Attractiveness Index, By Application – 2023 to 2033

Fig 110: MEA Market Share, By Voltage Level – 2023 to 2033

Fig 111: MEA Market Y-o-Y Growth Projections, By Voltage Level – 2023 to 2033

Fig 112: MEA Market Attractiveness Index, By Voltage Level – 2023 to 2033

Fig 113: MEA Market Share, By Country – 2023 to 2033

Fig 114: MEA Market Y-o-Y Growth Projections, By Country – 2023 to 2033

Fig 115: MEA Market Attractiveness Index, By Country – 2023 to 2033

Fig 116: Y-o-Y Growth Comparison of Market: Oceania Vs Oceania Countries Vs Oceania Average

Fig 117: Oceania Market Share, By Type – 2023 to 2033

Fig 118: Oceania Market Y-o-Y Growth Projections, By Type – 2023 to 2033

Fig 119: Oceania Market Attractiveness Index, By Type – 2023 to 2033

Fig 120: Oceania Market Share, By Class – 2023 to 2033

Fig 121: Oceania Market Y-o-Y Growth Projections, By Class – 2023 to 2033

Fig 122: Oceania Market Attractiveness Index, By Class – 2023 to 2033

Fig 123: Oceania Market Share, By Application – 2023 to 2033

Fig 124: Oceania Market Y-o-Y Growth Projections, By Application – 2023 to 2033

Fig 125: Oceania Market Attractiveness Index, By Application – 2023 to 2033

Fig 126: Oceania Market Share, By Voltage Level – 2023 to 2033

Fig 127: Oceania Market Y-o-Y Growth Projections, By Voltage Level – 2023 to 2033

Fig 128: Oceania Market Attractiveness Index, By Voltage Level – 2023 to 2033

Fig 129: Oceania Market Share, By Country – 2023 to 2033

Fig 130: Oceania Market Y-o-Y Growth Projections, By Country – 2023 to 2033

Fig 131: Oceania Market Attractiveness Index, By Country – 2023 to 2033

Fig 132: United States Market share by Type, 2022

Fig 133: United States Market share by Class, 2022

Fig 134: United States Market Value (US$ Mn) and Forecast 2023 to 2033

Fig 135: United States Market Share by Voltage Level, 2022

Fig 136: Canada Market share by Type, 2022

Fig 137: Canada Market share by Class, 2022

Fig 138: Canada Market Value (US$ Mn) and Forecast 2023 to 2033

Fig 139: Canada Market Share by Voltage Level, 2022

Fig 140: Germany Market share by Type, 2022

Fig 141: Germany Market share by Class, 2022

Fig 142: Germany Market Value (US$ Mn) and Forecast 2023 to 2033

Fig 143: Germany Market Share by Voltage Level, 2022

Fig 144: United Kingdom Market share by Type, 2022

Fig 145: United Kingdom Market share by Class, 2022

Fig 146: United Kingdom Market Value (US$ Mn) and Forecast 2023 to 2033

Fig 147: United Kingdom Market Share by Voltage Level, 2022

Fig 148: France Market share by Type, 2022

Fig 149: France Market share by Class, 2022

Fig 150: France Market Value (US$ Mn) and Forecast 2023 to 2033

Fig 151: France Market Share by Voltage Level, 2022

Fig 152: Russia Market share by Type, 2022

Fig 153: Russia Market share by Class, 2022

Fig 154: Russia Market Value (US$ Mn) and Forecast 2023 to 2033

Fig 155: Russia Market Share by Voltage Level, 2022

Fig 156: Spain Market share by Type, 2022

Fig 157: Spain Market share by Class, 2022

Fig 158: Spain Market Value (US$ Mn) and Forecast 2023 to 2033

Fig 159: Spain Market Share by Voltage Level, 2022

Fig 160: Italy Market share by Type, 2022

Fig 161: Italy Market share by Class, 2022

Fig 162: Italy Market Value (US$ Mn) and Forecast 2023 to 2033

Fig 163: Italy Market Share by Voltage Level, 2022

Fig 164: China Market share by Type, 2022

Fig 165: China Market share by Class, 2022

Fig 166: China Market Value (US$ Mn) and Forecast 2023 to 2033

Fig 167: China Market Share by Voltage Level, 2022

Fig 168: Japan Market share by Type, 2022

Fig 169: Japan Market share by Class, 2022

Fig 170: Japan Market Value (US$ Mn) and Forecast 2023 to 2033

Fig 171: Japan Market Share by Voltage Level, 2022

Fig 172: South Korea Market share by Type, 2022

Fig 173: South Korea Market share by Class, 2022

Fig 174: South Korea Market Value (US$ Mn) and Forecast 2023 to 2033

Fig 175: South Korea Market Share by Voltage Level, 2022

Fig 176: India Market share by Type, 2022

Fig 177: India Market share by Class, 2022

Fig 178: India Market Value (US$ Mn) and Forecast 2023 to 2033

Fig 179: India Market Share by Voltage Level, 2022

Fig 180: Singapore Market share by Type, 2022

Fig 181: Singapore Market share by Class, 2022

Fig 182: Singapore Market Value (US$ Mn) and Forecast 2023 to 2033

Fig 183: Singapore Market Share by Voltage Level, 2022

Fig 184: Indonesia Market share by Type, 2022

Fig 185: Indonesia Market share by Class, 2022

Fig 186: Indonesia Market Value (US$ Mn) and Forecast 2023 to 2033

Fig 187: Indonesia Market Share by Voltage Level, 2022

Fig 188: Thailand Market share by Type, 2022

Fig 189: Thailand Market share by Class, 2022

Fig 190: Thailand Market Value (US$ Mn) and Forecast 2023 to 2033

Fig 191: Thailand Market Share by Voltage Level, 2022

Fig 192: Brazil Market share by Type, 2022

Fig 193: Brazil Market share by Class, 2022

Fig 194: Brazil Market Value (US$ Mn) and Forecast 2023 to 2033

Fig 195: Brazil Market Share by Voltage Level, 2022

Fig 196: Mexico Market share by Type, 2022

Fig 197: Mexico Market share by Class, 2022

Fig 198: Mexico Market Value (US$ Mn) and Forecast 2023 to 2033

Fig 199: Mexico Market Share by Voltage Level, 2022

Fig 200: Turkey Market share by Type, 2022

Fig 201: Turkey Market share by Class, 2022

Fig 202: Turkey Market Value (US$ Mn) and Forecast 2023 to 2033

Fig 203: Turkey Market Share by Voltage Level, 2022

Fig 204: GCC Countries Market share by Type, 2022

Fig 205: GCC Countries Market share by Class, 2022

Fig 206: GCC Countries Market Value (US$ Mn) and Forecast 2023 to 2033

Fig 207: GCC Countries Market Share by Voltage Level, 2022

Fig 208: South Africa Market share by Type, 2022

Fig 209: South Africa Market share by Class, 2022

Fig 210: South Africa Market Value (US$ Mn) and Forecast 2023 to 2033

Fig 211: South Africa Market Share by Voltage Level, 2022

Fig 212: Australia Market share by Type, 2022

Fig 213: Australia Market share by Class, 2022

Fig 214: Australia Market Value (US$ Mn) and Forecast 2023 to 2033

Fig 215: Australia Market Share by Voltage Level, 2022

Fig 216: New Zealand Market share by Type, 2022

Fig 217: New Zealand Market share by Class, 2022

Fig 218: New Zealand Market Value (US$ Mn) and Forecast 2023 to 2033

Fig 219: New Zealand Market Share by Voltage Level, 2022

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

- FAQs -

What is the valuation of the surge arrester market in 2023?

The global surge arrester market is valued at US$ 2.01 billion in 2023.

How big will the market for surge arresters be by 2033?

By the end of 2033, worldwide sales of surge arresters are estimated to reach US$ 3.26 billion.

At what rate is the surge arrester market projected to expand?

Demand for surge arresters is predicted to rise at a CAGR of 5% from 2023 to 2033.

Why is Japan a profitable market for suppliers of surge arresters?

High risk of natural disasters is primarily stimulating the use of surge arresters in Japan.

Who are the key producers of surge arresters globally?

ABB Ltd, General Electric Company, and Siemens AG are some of the top manufacturers of surge arresters.

- Also of Interest -

Lightning Protection Technologies (LPT) Market

Lightning Protection Technologies (LPT) Market Analysis By Type (Dissipation Array Systems, Early Streamer Emitters, Charge Transfer Systems), By End User (Commercial Sector, Industrial Sector, Residential Sector), By Region - Global Insights 2021 to 2031

Surge Arrester Market

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