What is Lightning Arrester Market Scope?
Lightning arresters are those electronic devices that are used to protect the conductors and electrical components from the disastrous effect of lightning. It does not allow current to flow to the ground until the system voltage reaches the normal level. Lightning arresters are rated for voltage only and they are designated as 100%, 80%, and 70% arresters. The global lightning arrester market is anticipated to expand at a rapid pace during the forecast period, owing to increased demand for lightning arresters for use as protective devices for overhead lines, sub-stations, generating stations, cables, and rotating machinery.
The Lightning Arrester market study is being classified by Type (Rod Gap Lightning Arrester, Expulsion Lightning Arrester, Continuous Cast Lightning Arrester and Others), by Application (Transmission Line, Substation and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Players from European and United States will contribute to the maximum growth of Global Lightning Arrester market throughout the predicted period.
ABB (Switzerland), GE (United States), Mitsubishi Electric (Japan), Siemens (Germany), Eaton (Ireland), Hubbell (United States), Schneider (France), TE Connectivity (Switzerland), CHINT Group (China) and Toshiba Corporation (Japan) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are CG Power (India) and Lamco (India).
Analyst at AMA have segmented the market study of Global Lightning Arrester market by Type, Application and Region.
On the basis of geography, the market of Lightning Arrester has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On 10th August 2018, Fast Electrode has launched the Tercel ESE lightning arrestor and earth enhancing compound.
Influencing Market Trend
- Growing Cross-Border Electricity Trade
- Investments in Smart Grids & Energy Systems
- Need to Reduce Equipment Failure Caused By Frequent Voltage Spikes
- Aging Power Infrastructure
- Increasing Investments in Transmission & Distribution Infrastructure
- Rising Competition From the Unorganized Sector
- Delays in Grid Expansion Projects
Key Target AudienceLightning Arrester Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
Customization available in this Study:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research & Media features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.