Transmission OHL Surge Arresters Market, Global Outlook and Forecast 2024-2030
The global Transmission OHL Surge Arresters market size was valued at US$ 456.7 million in 2024 and is projected to reach US$ 634.5 million by 2030, at a CAGR of 5.6% during the forecast period 2024-2030.
The United States Transmission OHL Surge Arresters market size was valued at US$ 123.4 million in 2024 and is projected to reach US$ 165.8 million by 2030, at a CAGR of 5.1% during the forecast period 2024-2030.
Transmission OHL Surge Arresters are protective devices installed on overhead transmission lines to protect electrical equipment from voltage surges and lightning strikes.
The global market is expanding moderately, driven by grid infrastructure expansion and reliability requirements. In 2023, unit installations reached 850,000 globally, with high-voltage transmission accounting for 60% of demand. The market saw a 20% increase in polymer-housed arrester adoption in 2023. Metal oxide arresters dominate with an 80% market share, while smart arresters are growing at 10% annually. Asia Pacific leads with a 45% market share and is the fastest-growing region at 6.5% CAGR. The industry is focusing on developing condition monitoring capabilities, with a 25% growth in R&D investments for predictive maintenance features.
Report Overview
A surge arrester is a device to protect electrical equipment from over-voltage transients caused by external (lightning) or internal (switching) events.
This report provides a deep insight into the global Transmission OHL Surge Arresters market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Transmission OHL Surge Arresters Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Transmission OHL Surge Arresters market in any manner.
Global Transmission OHL Surge Arresters Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
ABB Ltd.
Schneider Electric
Eaton Corp.
General Electric
Emerson Electric
Siemens AG
Mitsubishi Electric Corp.
Crompton Greaves
Legrand S.A.
Raycap Corp.
Market Segmentation (by Type)
1-20KV
35KV
110-220KV
Market Segmentation (by Application)
Residential
Commercial
Industrial
Geographic Segmentation
