Surge Arresters Market - Growth Trends and Forecasts (2015-2020)
The Global Surge Arresters Market has been estimated at USD XX billion in 2015 and is projected to reach USD XX billion by 2020, at a CAGR of 5.4% during the forecast period from 2015 to 2020.
A surge arrester is a device that protects electrical power systems from damages caused by lighting. A typical surge arrester has both a ground terminal and a high-voltage terminal. When a powerful electric surge travels from the power system to the surge arrester, the high voltage current is sent directly to the insulation or to the ground to avoid damaging the system. The application of surge arresters are Protection of AIS and GIS substation equipment, Protection of AC and DC traction systems, HVDC protection, Protection of series capacitor banks, Protection of cables, Protection of transmission lines, Installation in polluted areas and areas with high seismic activities
This market is driven by a number of factors, such as the usage of highly sensitive electrical systems and the high demand for the Electronic Appliances. However, this market faces a drawback, such as the additional cost that has to be invested for the installation of the complicated arresters. This factor may act as a roadblock to the growth of the market.
Key Deliverables in the Study
Market definition along with the identification of key drivers, restraints and opportunities
Market analysis for the surge arresters market with region specific assessments and competition analysis on a global and regional scale.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Insights on the major countries/regions in which this industry is growing and to also identify the regions that are still untapped.
Extensively researched competitive landscape section along with list of key companies and their market shares.
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