Albany - NY, Oct. 20, 2015 (GLOBE NEWSWIRE) -- The surge arresters market is driven primarily due to the increasing demand for electronic appliances in households. These appliances can get damaged due sudden voltage surge. The surge arresters are used to protect these appliances from electrical damages. In addition, the rising awareness for power generation through renewable sources of energy is also fuelling the growth for surge arresters. Furthermore, the ongoing industrialization in emerging economies such as India and China is also acting as a factor leading to growth of surge arresters. The rising cost of maintenance in machineries due to voltage fluctuation is also creating a demand for surge arresters in the industrial applications market. The market has been segmented into voltage types, application and geography.
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By voltage types, the high voltage surge arresters held the maximum market share of 45.3%. The dominance of this segment is attributed to the ongoing industrialization in emerging economies such as India and China. In addition, the industrial machineries and equipment needs to be protected from severe damages caused due to voltage fluctuations. This factor is creating the demand for high voltage surge arresters in the market.
By regions, North America had the largest market share of more than 30% in the surge arresters market in 2014. The dominance of this region is due to the fact that this region includes the U.S. which has the highest application of surge arresters in every application area. Moreover, they are the early adapters of this technology. In addition, the region also has the presence of major manufacturers of surge arresters such as Eaton Corporation, Emerson Electric and General Electric among others. However, Asia Pacific region has been anticipated to be the fastest growing region during the forecast period.
Furthermore, the key players have been profiled in this report on the basis of the company overview, key development, products/services, historical roadmap and future strategies in the surge arresters market. The major players profiled in surge arresters market include Siemens AG, ABB Ltd, Emerson Electric, General Electric, Mitsubishi Electric Corporation, Schneider Electric, Eaton Corporation Plc, Crompton Greaves, Raycap Corporation and Legrand S.E.
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The report is a study of global surge arresters market and provides the data in terms of revenue (USD Million) from 2015-2021. The market estimates have been provided on the basis of voltage types and application for each region.
The market has been segments as follows:
Global Surge Arresters Market: By Voltage Types
Low voltage surge arresters
Medium voltage surge arresters
High voltage surge arresters
Global Surge Arresters Market: By Application
The report provides a cross-sectional analysis of all the above segments with respect to the following regions:
Global Surge Arresters Market: By Geography/ Country
Rest of the World
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