About Lightning Arrester
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.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.96% |
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. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Lightning Arrester market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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 that are part of study coverage. Additionally, the Players which are also part of the research coverage are CG Power (India) and Lamco (India).
Segmentation Overview
AMA Research has segmented the market of Global Lightning Arrester market by Type (Rod Gap Lightning Arrester, Expulsion Lightning Arrester, Continuous Cast Lightning Arrester and Others), Application (Transmission Line, Substation and Others) 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). If we see Market by Voltage, the sub-segment i.e. Medium Voltage will boost the Lightning Arrester market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Metal Oxide Lightning Resisters will boost the Lightning Arrester market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Commercial Use will boost the Lightning Arrester market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Cross-Border Electricity Trade
Market Growth Drivers:
Investments in Smart Grids & Energy Systems, Need to Reduce Equipment Failure Caused By Frequent Voltage Spikes and Aging Power Infrastructure
Challenges:
Delays in Grid Expansion Projects
Restraints:
Rising Competition From the Unorganized Sector
Opportunities:
Increasing Investments in Transmission & Distribution Infrastructure
Market Leaders and their expansionary development strategies
In July 2023, The RETIS SOLUTIONS Export team visited MALTEP for a day of enriching training on the subjects of earthing and lightning protection. This event not only strengthened the ties between the two Novarc Networks companies but also encouraged the sharing of knowledge and the development of a network team spirit.
In February 2024, Arctura announced that it had signed a technology license agreement with Mankiewicz, LLC a global leader in high-quality coating solutions. This collaboration marks the introduction of the ArcGuide coating, a novel lightning protection coating designed to significantly reduce the prevalence of lightning damage to wind turbines, a challenge that costs the wind energy industry.
Key Target Audience
Lightning Arrester Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.