Surge Arrester Market Grows $585.71 Million | CG Power and Industrial Solutions Ltd and Eaton Corp. appeared. Plc and General Electric Co as major sellers

New YorkAnd November 24, 2021 /PRNewswire/ – The global market for lightning rods is inherently fragmented. The presence of a large number of regional and global players increases competition in the market. Hence, sellers adopt various organic and inorganic strategies to gain an advantage and stay competitive.

Attractive Opportunities in the Lightning Arrester Market by Type, Geography - Forecast and Analysis 2021-2025

Attractive Opportunities in the Lightning Arrester Market by Type, Geography – Forecast and Analysis 2021-2025

Technavio estimates the global lightning rod market size to grow $585.71 million USD Between 2020 and 2025. However, growth momentum is expected to slow at a compound annual growth rate of 6.40% during the forecast period.

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market dynamics

The market is driven by factors such as the increasing investments in transportation networks and development and the increasing demand for reliable and continuous power supply. But the high cost of installation hinders the growth of the market.

The increasing automation and digitization is expected to open up multiple growth opportunities for market players. However, the availability of counterfeit products will adversely affect the business of sellers during the forecast period.

Company Profile

The Lightning Arrester Market report provides complete insights into the major vendors including CG Power and Industrial Solutions Ltd. , Eaton Corp. Plc, General Electric Co. , Hitachi Ltd. Hubbell Inc. , Meidensha Corp. , Mitsubishi Electric Corp. , Schneider Electric SE, Siemens AG, and TE Connectivity Ltd.

competitive analysis

The market lightning The report includes competitive analysis, which analyzes and evaluates the position of companies based on their position points in the industry and market performance score. Some of the factors considered for the analysis are the financial performance over the past three years, growth strategies, degree of innovation, new product launches, investments, growth in market share, etc.

Market segmentation

  • By type, the market is categorized into polymer and porcelain.

  • By geography, the market has been categorized as APAC, EuropeAnd North Amaricaand MEA and South America.

The market has seen maximum demand for polymeric surge arresters from end users in 2020. This segment will remain the largest segment by type during the forecast period. similarly, Europe It will have the largest share of the market. The region currently holds 35% of the global market share. Germany The United Kingdom is the main market for lightning arresters in Europe.

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Surge arrester market scope

Report coverage

details

page number

120

base year

2020

prediction period

2021-2025

Growth Momentum and CAGR

Slowing at a compound annual growth rate of 6.40%

Market Growth 2021-2025

$585.71 million USD

Market Structure, Market Structure

fragmented

Annual Growth (%)

8.97

Regional Analysis

Asia Pacific, Europe, North America, Middle East, Africa, South America

Market share performance

Europe at 35%

Main consuming countries

The United States, China, Germany, the United Kingdom, and Japan

Competitive scene

Leading companies, competitive strategies and scope of consumer engagement

Company Profile

CG Power and Industrial Solutions Ltd. and Eaton Corp. Plc and General Electric Co. and Hitachi Ltd. and Hubbell Inc. and Meidensha Corp. and Mitsubishi Electric Corp. and Schneider Electric SE, Siemens AG, and TE Connectivity Ltd.

market dynamics

Key market analysis, market growth triggers and obstacles, analysis of fast-growing and slow-growing segments, impact of COVID 19 and future consumer dynamics, market status analysis for the forecast period.

field of personalization

If our report doesn’t include the data you’re looking for, you can access our analysts and customize the segments.

information about us

Technavio is a global leader in technology research and consulting. Their research and analysis focus on emerging market trends and provide actionable insights to help companies identify market opportunities and develop effective strategies to improve their market positions. With over 500 dedicated analysts, Technavio’s reporting library consists of more than 17,000 reports and statistics, covering 800 technologies, spanning across 50 countries. Their client base consists of organizations of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in current and potential markets and to assess their competitive positions within changing market scenarios. .

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Technavio Research
Jesse Maeda
Marketing and Media Executive
United States: +1844364 1100
United Kingdom: +44 203893 3200
email: [email protected]
website: www.technavio.com/

Technavio (PRNewsfoto / Technavio)

Technavio (PRNewsfoto / Technavio)

Cision

Cision

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The source is Technavio

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