Research on SPD market size and growth factors
New York, according to a new market research report published by Global Insight Services Lightning Arrester, the market is expected to reach US$XX Billion by 2031. The report includes in-depth segmentation and market size data by categories , product types, applications and geographies. The report also includes a comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, and recent events such as merger and acquisition activities in the market.
A lightning arrester is a device installed on electrical power systems and telecommunications equipment to protect them from damage caused by lightning. The arrester acts as a conductor that diverts the lightning strike to the ground, where it can be safely dissipated.
Surge arresters are used on a variety of equipment, including power lines, telephone lines, and cable television lines. They are also used on buildings and other structures to protect against lightning strikes.
View detailed report description: https://www.globalinsightservices.com/reports/lightning-arrester-market
The main trends in Lightning Arrester technology are:
1. The use of alternative materials: new materials such as carbon nanotubes and graphene are being studied for their potential use in surge arresters. These materials have superior electrical properties compared to traditional materials and could potentially provide more efficient and cost-effective lightning protection.
2. Development of new designs: traditional designs of surge arresters are revisited and improved. For example, the use of air gaps and nonlinear resistors is explored to improve the performance of surge arresters.
3. Improving manufacturing processes: new manufacturing processes are being developed to improve the quality and performance of SPDs. For example, 3D printing is being used to create prototypes of new designs, and new methods for applying coatings are being explored.
4. Adoption of new standards: new standards are being developed to improve the safety and performance of SPDs. For example, IEC 61662 is being revised to include new requirements for test methods and performance criteria.
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Lightning arrester is a protective device used to prevent damage to electrical equipment caused by lightning. It is installed between the lightning rod and the electrical equipment. The arrester consists of a metal oxide varistor (MOV) which is a non-linear resistor. When the voltage across the MOV exceeds its breakdown voltage, it conducts current and limits voltage.
The major drivers of the lightning arrester market are the increasing number of thunderstorms and the growing demand for lightning protection of electrical equipment. The market is also driven by increased investment in the electricity sector and growth in construction activities.
The SPD market is segmented by type, end-user, and region. By type, the market is categorized into gap arrester, expulsion arrester, continuous casting arrester and others. By end-user, the market is divided into commercial, residential, and industrial. By region, the market is classified into North America, Europe, Asia-Pacific and Rest of the World.
Major players in the SPD market include Emerson Electric Co., Schneider Electric SE, Leviton Manufacturing Company, Inc. ABB Limited, Belkin International, Inc., TE Connectivity, Crompton Greaves, General Electric Company, Siemens AG, and Eaton Corporation Inc.
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Reasons for Buying Surge Arrester Market Report:
• Develop a comprehensive understanding of the market landscape – industry structure, value chain, key players, trends, drivers and challenges
• Drive revenue and market entry strategy by gaining insights into the most important and fastest growing segments and geographies
• Formulate sales and marketing strategies by gaining an understanding of competitors, their positioning and their strengths and weaknesses
• Develop business and M&A strategies by understanding the latest trends and emerging market players
• Refine your business plans by understanding the impact of disruptions such as Covid-19 and the Russian-Ukrainian conflict on the market
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This press release was published on openPR.