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Porcelain Surge Arrester Market Trends

Report ID: GMI7597
Published Date: Dec 2023
Report Format: PDF

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Porcelain Surge Arrester Market Trends

The porcelain surge arrester industry is witnessing several notable trends shaping its trajectory. One significant trend involves the growing emphasis on sustainable and eco-friendly solutions, driving manufacturers to develop porcelain surge arresters with improved environmental performance and durability. The integration of advanced materials and technologies, such as the utilization of nano-coatings and composite materials, is enhancing the efficiency and longevity of these arrester systems. Moreover, the surge in smart grid initiatives worldwide is fostering the incorporation of intelligent monitoring and diagnostic capabilities within porcelain surge arresters, enabling proactive maintenance and enhancing overall grid reliability.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of porcelain surge arrester was worth USD 880 million in 2022 and is expected to register over 4.5% CAGR from through 2032, due to the increasing demand for reliable power transmission and distribution systems in both developed and emerging economies worldwide.

The medium voltage segment recorded over 42% share of the porcelain surge arrester market in 2022 and is expected to register appreciable CAGR from 2023 to 2032, owing to the rising global trends in industrialization and urbanization, and soaring projects related to infrastructural development.

Asia Pacific market for porcelain surge arrester is expected to register over 3.5% CAGR up to 2032, due to the rapid urbanization and infrastructural development in the region.

TE Connectivity, ABB, General Electric, CG Power & Industrial Solutions Ltd., Eaton, Siemens Energy, Hubbell, Izoelektro, Orient Electric International Group Limited., and CHINT Group are some of the major porcelain surge arrester companies worldwide.