New York, According to a new market research report published by Global Insight Services “Lightning Arrester Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A lightning arrester is a device installed on electrical power systems and telecommunication equipment to protect them from damage by lightning strikes. The arrester acts as a conductor that diverts the lightning strike to the ground, where it can be safely dissipated.
Lightning arresters are used on a variety of equipment, including power lines, telephone lines, and cable TV lines. They are also used on buildings and other structures to protect against lightning strikes.
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Key Trends
The key trends in Lightning Arrester technology are:
1. The use of alternative materials: new materials such as carbon nanotubes and graphene are being investigated for their potential use in lightning arresters. These materials have superior electrical properties compared to traditional materials, and could potentially enable more efficient and cost-effective lightning protection.
2. The development of new designs: traditional designs for lightning arresters are being revisited and improved. For example, the use of air gaps and non-linear resistors is being explored in order to improve the performance of lightning arresters.
3. The improvement of manufacturing processes: new manufacturing processes are being developed in order to improve the quality and performance of lightning arresters. For example, 3D printing is being used to create prototypes of new designs, and new methods for applying coatings are being investigated.
4. The adoption of new standards: new standards are being developed in order to improve the safety and performance of lightning arresters. For example, the IEC standard 61662 is being revised to include new requirements for test methods and performance criteria.
Key Drivers
Lightning arrester is a protective device used to prevent damage to electrical equipment from lightning strikes. It is installed between the lightning rod and the electrical equipment. Lightning arrester consists of a metal oxide varistor (MOV) which is a nonlinear resistor. When the voltage across the MOV exceeds its breakdown voltage, it conducts current and limits the voltage.
The key drivers of the lightning arrester market are the increasing number of thunderstorms and the growing demand for protection of electrical equipment from lightning strikes. The market is also driven by the increasing investment in the power sector and the growing construction activities.
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Market Segmentation
The Lightning Arrester Market is segmented by type, end-user, and region. By type, the market is classified into rod gap lightning arrester, expulsion lightning arrester, continuous cast lightning 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.
Key Players
The key players in the 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 and Eaton Corporation Inc.
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Reasons to buy Lightning Arrester Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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