Lightning Arrester Market: Introduction

  • A lightning arrester is used to protect an electric power and telecommunication system from the high-voltage surge of lightning. It does not allow current to flow to the ground until system voltage reaches the normal level.
  • Lightning arresters are rated for voltage only and they are designated as 100%, 80% and 70% arresters. The 80% arresters are suitable for use in solidly grounded systems, whereas 100% arresters are used on systems with isolated neutrals and systems earthed through impedances.
  • 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

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Key Drivers of Global Lightning Arrester Market

  • Lightning arresters are used to protect conductor and electronic components from the effect of lightning
  • Rise in the demand for electric appliances and housewares is augmenting the requirement for protective systems. Since these devices are extremely sensitive to high voltage, lightning arresters need to be installed. This factor is anticipated to boost the demand for lightning arresters in the near future. The impact of this driver is estimated to be high throughout the forecast period.
  • Companies operating in the global lightning arrester market are investing in the expansion of their product portfolios as well as distribution networks. They have adopted strategies such as mergers and acquisitions, development of new products, joint ventures, and expansions in order to cater to the increasing demand for lightning arresters across the globe.

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Middle East & Africa Market to Witness Attractive Opportunities

  • The lightning arrester market in Middle East & Africa is estimated to expand at the most rapid pace during the forecast period. This can be attributed to increasing investments in smart grids and energy systems in the region.
  • The Middle East & Africa region consists of countries such as Saudi Arabia, the UAE, and Qatar, wherein people have high purchasing power. Rapid industrialization and aging power infrastructure in these countries are expected to positively impact the lightning arrester market in the region during the forecast period.
  • The construction & infrastructure industry in the region is expected to expand in the near future. This factor, in turn, is expected to promote growth of the global lightning arrester market during the forecast period.

Investments in Infrastructure of Smart Grids to Drive Market

  • Governments of several countries are investing in smart grid infrastructure as a strategic investment for increasing the energy efficiency 
  • This strategic investment in infrastructure is expected to enable long-term economic growth of these countries and help them reduce carbon emissions
  • This, in turn, is anticipated to boost the demand for lightning arresters required for protection of electric power circuits in the next few years

Asia Pacific to Hold a Major Share of Global Lightning Arrester Market

  • Asia Pacific is a leading consumer of lightning arresters, followed by North America and Europe. China and India are key markets in the region. In terms of demand, the two countries account for a major share of the market for lightning arresters in Asia Pacific.
  • Increase in the demand for lightning arresters in Asia Pacific can be attributed to continued urbanization and development of infrastructure in the region
  • Growth of industries in developing economies of Asia Pacific is likely to fuel the market in the region during the forecast period

Key Players Operating in Global Market

The global lightning arrester market is highly concentrated, with the top manufacturers accounting for approximately 25%–35% of the market share. A few of the key players operating in the global lightning arrester market are:

  • Emerson Electric Co.
  • Schneider Electric SE
  • Leviton Manufacturing Company, Inc.
  • ABB Limited
  • Belkin International, Inc.
  • TE Connectivity
  • Crompton Greaves,
  • General Electric Company
  • Siemens AG
  • Eaton Corporation Inc.

Global Lightning Arrester Market: Research Scope

Global Lightning Arrester Market, by Type

  • Rod Gap Lightning Arrester
  • Expulsion Lightning Arrester
  • Continuous Cast Lightning Arrester
  • Others

Global Lightning Arrester Market, by End-user

  • Commercial
  • Residential
  • Industrial

Global Lightning Arrester Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Lightning Arrester Market

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