Product Code: ETC047764 | Publication Date: Aug 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
India Surge Arrester Market registered a decline of -1.24% in value shipments in 2022 as compared to 2021 and an increase of 0.9% CAGR in 2022 over a period of 2017. In Surge Arrester Market India is becoming more competitive as the HHI index in 2022 was 1417 while in 2017 it was 1746. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on domestic production to meet its growing demand in Surge Arrester Market.
India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Surge Arrester Market in 2022 was 0.75 while in 2017 it was 0.92. Germany, China, Denmark, Japan and Türkiye were among the top players of the market in 2022, where Germany acquired the largest market share of 24.64% with a shipment value of 3.11 million USD in 2022 Germany also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Surge Arrester Market. In 2017 Germany had the largest market share of 32.17% with the shipment value of 3.89 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As Germanyprice is lower than the average price, it provided a significant edge among other competitor in 2017.
Surge arresters are devices that protect electrical equipment from voltage transients caused by external or internal sources. They work by diverting the extra current into the ground, thereby preventing it from reaching sensitive systems and components. The India surge arrester market is expected to grow at a CAGR of 6.1% during 2020-2026.
Increasing demand for safety measures in power networks, rising investments in renewable energy projects, government initiatives to develop smart grids and replace old infrastructure with modern solutions are some of the major factors driving growth of India surge arrester market. Also, increasing adoption of lightning protection systems in commercial buildings is expected to supplement market growth over the forecast period.
High cost associated with installation & maintenance of surge arresters coupled with lack of awareness about their benefits may hamper growth rate of India surge arrester market during 2020-2026.
Some key players operating in India’s Surge Arrester Market include ABB Ltd., Siemens AG., Eaton Corporation Plc., Littelfuse Incorporated, Schneider Electric SE., Advanced Protection Technologies LLC (APT), Cooper Industries plc., Raycap Corp., Polyphaser Corporation and Energizer Holdings Inc.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Surge Arrester Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Surge Arrester Market Revenues & Volume, 2019 & 2026F |
3.3 India Surge Arrester Market - Industry Life Cycle |
3.4 India Surge Arrester Market - Porter's Five Forces |
3.5 India Surge Arrester Market Revenues & Volume Share, By Type, 2019 & 2026F |
3.6 India Surge Arrester Market Revenues & Volume Share, By Voltage, 2019 & 2026F |
3.7 India Surge Arrester Market Revenues & Volume Share, By Class, 2019 & 2026F |
3.8 India Surge Arrester Market Revenues & Volume Share, By End-User, 2019 & 2026F |
4 India Surge Arrester Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Surge Arrester Market Trends |
6 India Surge Arrester Market, By Types |
6.1 India Surge Arrester Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Surge Arrester Market Revenues & Volume, By Type, 2016 - 2026F |
6.1.3 India Surge Arrester Market Revenues & Volume, By Polymeric, 2016 - 2026F |
6.1.4 India Surge Arrester Market Revenues & Volume, By Porcelain, 2016 - 2026F |
6.2 India Surge Arrester Market, By Voltage |
6.2.1 Overview and Analysis |
6.2.2 India Surge Arrester Market Revenues & Volume, By Medium Voltage, 2016 - 2026F |
6.2.3 India Surge Arrester Market Revenues & Volume, By High Voltage, 2016 - 2026F |
6.2.4 India Surge Arrester Market Revenues & Volume, By Extra-High Voltage, 2016 - 2026F |
6.3 India Surge Arrester Market, By Class |
6.3.1 Overview and Analysis |
6.3.2 India Surge Arrester Market Revenues & Volume, By Distribution Class, 2016 - 2026F |
6.3.3 India Surge Arrester Market Revenues & Volume, By Intermediate Class, 2016 - 2026F |
6.3.4 India Surge Arrester Market Revenues & Volume, By Station Class, 2016 - 2026F |
6.4 India Surge Arrester Market, By End-User |
6.4.1 Overview and Analysis |
6.4.2 India Surge Arrester Market Revenues & Volume, By Utilities, 2016 - 2026F |
6.4.3 India Surge Arrester Market Revenues & Volume, By Industries, 2016 - 2026F |
6.4.4 India Surge Arrester Market Revenues & Volume, By Transportation, 2016 - 2026F |
7 India Surge Arrester Market Import-Export Trade Statistics |
7.1 India Surge Arrester Market Export to Major Countries |
7.2 India Surge Arrester Market Imports from Major Countries |
8 India Surge Arrester Market Key Performance Indicators |
9 India Surge Arrester Market - Opportunity Assessment |
9.1 India Surge Arrester Market Opportunity Assessment, By Type, 2019 & 2026F |
9.2 India Surge Arrester Market Opportunity Assessment, By Voltage, 2019 & 2026F |
9.3 India Surge Arrester Market Opportunity Assessment, By Class, 2019 & 2026F |
9.4 India Surge Arrester Market Opportunity Assessment, By End-User, 2019 & 2026F |
10 India Surge Arrester Market - Competitive Landscape |
10.1 India Surge Arrester Market Revenue Share, By Companies, 2019 |
10.2 India Surge Arrester Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |