Product Code: A314637
The global line arresters market was valued at $360.4 million in 2022, and is projected to reach $723.1 million by 2032, growing at a CAGR of 7.6% from 2023 to 2032.
Line arresters also known as surge arresters or lightning arresters which are protective devices used in electrical power systems to safeguard equipment and infrastructure from transient overvoltage caused by lightning strikes, switching operations, or other external factors. These devices are designed to divert or limit excessive voltage spikes to ground, thereby preventing damage to sensitive equipment, insulation, and other components within the electrical network. They are commonly installed at strategic points along power transmission and distribution lines, as well as within substations and other critical infrastructure, to provide effective protection against voltage surges and maintain the integrity of the electrical grid.
Line arresters play a crucial role in mitigating the impact of lightning-induced surges by diverting excessive voltage spikes away from sensitive equipment and grounding them safely. These devices are strategically installed at key points along power lines to intercept and dissipate the energy of lightning strikes before it reaches downstream equipment. By providing a reliable barrier against lightning-induced surges, line arresters help safeguard electrical infrastructure, minimize downtime, and reduce the risk of equipment damage and associated costs. In addition, utilities and industries are under increasing pressure to ensure the reliability and resilience of their electrical systems in the face of growing environmental risks. As a result, the demand for line arresters with advanced surge protection capabilities has surged, with stakeholders seeking innovative solutions to mitigate the impact of lightning strikes and other transient overvoltage. All these factors drive the demand for the line arresters market during the forecast period.
However, regulatory compliance acts as a barrier to entry for new entrants into the line arrester market. The high costs associated with testing, certification, and compliance efforts deter smaller manufacturers or startups from entering the market, limiting competition and innovation. This lack of competition leads to higher prices for line arresters and inhibits market growth and adoption, particularly in regions with stringent regulatory requirements. All these factors hamper the line arresters market growth.
The increase in digitization and automation of power systems has heightened the importance of reliable surge protection solutions to safeguard sensitive electronic equipment and control systems from voltage disturbances. Line arresters with advanced monitoring and diagnostic capabilities enable proactive maintenance and rapid response to transient overvoltage, enhancing the overall resilience and reliability of grid operations. In addition, the integration of line arresters with smart grid technologies facilitates real-time monitoring and control of grid assets, enabling operators to detect and mitigate potential vulnerabilities before they escalate into grid-wide failures. All these factors are anticipated to offer new growth opportunities for the line arresters market during the forecast period.
The line arresters market is segmented on the basis of type, voltage, application, end user, and region. On the basis of type, the market is bifurcated into a non-gapped line arrester, and externally gapped line arrester. On the basis of voltage, the market is divided into medium, high, and low. On the basis of application, the market is bifurcated into transmission line, and distribution line. On the basis of end user, the market is segmented into power substations, telecommunications, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
On the basis of type, the market is bifurcated into a non-gapped line arrester, and externally gapped line arrester. The non-gapped line arrester segment accounted for more than two-thirds of global line arresters market share in 2022 and is expected to maintain its dominance during the forecast period. Advancements in materials science and manufacturing techniques have facilitated the development of non-gapped line arresters with enhanced performance characteristics. For instance, modern polymer-based materials, such as metal-oxide varistors (MOVs) and silicone rubber housings, offer superior electrical insulation, thermal stability, and mechanical strength compared to traditional porcelain or glass insulators used in gapped arresters. These materials enable non-gapped line arresters to withstand higher energy levels and provide extended service life, resulting in lower maintenance requirements and reduced lifecycle costs.
Based on voltage, the market is divided into medium, high, and low. The medium segment accounted for half of global line arresters market share in 2022 and is expected to maintain its dominance during the forecast period. Environmental considerations influence the selection of medium voltage line arresters. As the global focus on sustainability and environmental stewardship intensifies, utilities seek solutions that minimize environmental impact. Modern arrester designs incorporate environmentally friendly materials and manufacturing processes, aligning with sustainability goals and regulatory requirements.
On the basis of application, the market is bifurcated into transmission line, and distribution line. The transmission line segment accounted for less than three-fifths of global line arresters market share in 2022 and is expected to maintain its dominance during the forecast period. The rise in emphasis on grid reliability and resilience has led to the widespread adoption of line arresters. These devices help enhance the overall reliability of the transmission system by providing a robust defense against transient voltage surges. By installing line arresters at strategic locations along transmission lines, utilities that minimize downtime, improve system performance, and reduce the likelihood of widespread outages.
Based on end user, the market is segmented into power substations, telecommunications, and others The power substations segment accounted for less than three-fourths of global line arresters market share in 2022 and is expected to maintain its dominance during the forecast period. The surge in demand for electricity necessitates the expansion and enhancement of power transmission and distribution networks. According to the International Energy Agency (IEA), global electricity demand is expected to rise at a faster rate over the next three years, growing by an average of 3.4% annually through 2026. As these networks grow, they become more susceptible to lightning strikes, switching surges, and other transient overvoltage events that damage equipment and disrupt power supply.
Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for less than half of the global line arresters market share in 2022 and is expected to maintain its dominance during the forecast period. Government initiatives and regulations aimed at improving the reliability and resilience of the power infrastructure drive the demand for line arresters in the Asia-Pacific region. According to the International Energy Agency (IEA), China provides the largest share of global electricity demand growth in terms of volume and India posts the fastest growth rate through 2026 among major economies. Governments across the region are investing in upgrading and modernizing their electrical grids to enhance their capacity and reliability, and line arresters are an essential component of these efforts to safeguard the infrastructure against voltage surges and other disturbances.
Key players in the line arresters market include Elmac Technologies, Hitachi, Hubbell, KA Factor Group Inc., MacLean Power Systems, MAPPEC, Raychem RPG Private Limited., Siemens Energy, TE Connectivity, Toshiba International Corporation Pty Ltd., and Tridelta Meidensha GmbH. Apart from these major players, there are other key players in the line arresters market. These include ABB Ltd, Bel Fuse Inc., Crompton Greaves Ltd, Eaton Corporation, Legrand SA, Mitsubishi Electric Corporation, Prysmian Group, and Schneider Electric SE.
Key findings of the study
- On the basis of type, the non-gapped line arrester segment is anticipated to grow at the fastest CAGR of 7.7% during the forecast period.
- By voltage, the medium segment is anticipated to grow at the fastest CAGR during the forecast period.
- On the basis of application, the transmission line segment is anticipated to grow at the fastest CAGR of 7.8% during the forecast period.
- By end-user, the power substations segment is anticipated to grow at the fastest CAGR during the forecast period.
- Region-wise, Asia-Pacific has the highest share in 2022 in terms of revenue.
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the line arresters market analysis from 2022 to 2032 to identify the prevailing line arresters market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the line arresters market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global line arresters market trends, key players, market segments, application areas, and market growth strategies.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
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- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
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Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
- Analysis of raw material in a product (by %)
- Installed Base analysis
- Product Benchmarking / Product specification and applications
- Product Life Cycles
- Technology Trend Analysis
- Market share analysis of players by products/segments
- New Product Development/ Product Matrix of Key Players
- Regulatory Guidelines
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Expanded list for Company Profiles
- Historic market data
- Key player details (including location, contact details, supplier/vendor network etc. in excel format)
- List of customers/consumers/raw material suppliers- value chain analysis
- Market share analysis of players at global/region/country level
- SWOT Analysis
Key Market Segments
By Type
- Non Gapped Line Arrester
- Externally Gapped Line Arrester
By Application
- Transmission Line
- Distribution Line
By Voltage
By End User
- Power Substations
- Telecommunications
- Others
By Region
- North America
- Europe
- Germany
- Italy
- UK
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA
Key Market Players:
- Siemens Energy
- Hitachi
- Raychem RPG Private Limited.
- TOSHIBA CORPORATION
- MAPPEC
- Tridelta Meidensha GmbH
- Hubbell Inc.
- TE Connectivity
- Elmac Technologies
- KA Factor Group Inc..
- MacLean Power Systems.
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
- 3.5. Value Chain Analysis
- 3.6. Key Regulation Analysis
CHAPTER 4: LINE ARRESTERS MARKET, BY TYPE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Non Gapped Line Arrester
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Externally Gapped Line Arrester
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
CHAPTER 5: LINE ARRESTERS MARKET, BY APPLICATION
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Transmission Line
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Distribution Line
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
CHAPTER 6: LINE ARRESTERS MARKET, BY VOLTAGE
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Medium
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. High
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Low
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
CHAPTER 7: LINE ARRESTERS MARKET, BY END USER
- 7.1. Overview
- 7.1.1. Market size and forecast
- 7.2. Power Substations
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by region
- 7.2.3. Market share analysis by country
- 7.3. Telecommunications
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by region
- 7.3.3. Market share analysis by country
- 7.4. Others
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by region
- 7.4.3. Market share analysis by country
CHAPTER 8: LINE ARRESTERS MARKET, BY REGION
- 8.1. Overview
- 8.1.1. Market size and forecast By Region
- 8.2. North America
- 8.2.1. Key market trends, growth factors and opportunities
- 8.2.2. Market size and forecast, by Type
- 8.2.3. Market size and forecast, by Application
- 8.2.4. Market size and forecast, by Voltage
- 8.2.5. Market size and forecast, by End User
- 8.2.6. Market size and forecast, by country
- 8.2.6.1. U.S.
- 8.2.6.1.1. Market size and forecast, by Type
- 8.2.6.1.2. Market size and forecast, by Application
- 8.2.6.1.3. Market size and forecast, by Voltage
- 8.2.6.1.4. Market size and forecast, by End User
- 8.2.6.2. Canada
- 8.2.6.2.1. Market size and forecast, by Type
- 8.2.6.2.2. Market size and forecast, by Application
- 8.2.6.2.3. Market size and forecast, by Voltage
- 8.2.6.2.4. Market size and forecast, by End User
- 8.2.6.3. Mexico
- 8.2.6.3.1. Market size and forecast, by Type
- 8.2.6.3.2. Market size and forecast, by Application
- 8.2.6.3.3. Market size and forecast, by Voltage
- 8.2.6.3.4. Market size and forecast, by End User
- 8.3. Europe
- 8.3.1. Key market trends, growth factors and opportunities
- 8.3.2. Market size and forecast, by Type
- 8.3.3. Market size and forecast, by Application
- 8.3.4. Market size and forecast, by Voltage
- 8.3.5. Market size and forecast, by End User
- 8.3.6. Market size and forecast, by country
- 8.3.6.1. Germany
- 8.3.6.1.1. Market size and forecast, by Type
- 8.3.6.1.2. Market size and forecast, by Application
- 8.3.6.1.3. Market size and forecast, by Voltage
- 8.3.6.1.4. Market size and forecast, by End User
- 8.3.6.2. Italy
- 8.3.6.2.1. Market size and forecast, by Type
- 8.3.6.2.2. Market size and forecast, by Application
- 8.3.6.2.3. Market size and forecast, by Voltage
- 8.3.6.2.4. Market size and forecast, by End User
- 8.3.6.3. UK
- 8.3.6.3.1. Market size and forecast, by Type
- 8.3.6.3.2. Market size and forecast, by Application
- 8.3.6.3.3. Market size and forecast, by Voltage
- 8.3.6.3.4. Market size and forecast, by End User
- 8.3.6.4. Spain
- 8.3.6.4.1. Market size and forecast, by Type
- 8.3.6.4.2. Market size and forecast, by Application
- 8.3.6.4.3. Market size and forecast, by Voltage
- 8.3.6.4.4. Market size and forecast, by End User
- 8.3.6.5. France
- 8.3.6.5.1. Market size and forecast, by Type
- 8.3.6.5.2. Market size and forecast, by Application
- 8.3.6.5.3. Market size and forecast, by Voltage
- 8.3.6.5.4. Market size and forecast, by End User
- 8.3.6.6. Rest of Europe
- 8.3.6.6.1. Market size and forecast, by Type
- 8.3.6.6.2. Market size and forecast, by Application
- 8.3.6.6.3. Market size and forecast, by Voltage
- 8.3.6.6.4. Market size and forecast, by End User
- 8.4. Asia-Pacific
- 8.4.1. Key market trends, growth factors and opportunities
- 8.4.2. Market size and forecast, by Type
- 8.4.3. Market size and forecast, by Application
- 8.4.4. Market size and forecast, by Voltage
- 8.4.5. Market size and forecast, by End User
- 8.4.6. Market size and forecast, by country
- 8.4.6.1. China
- 8.4.6.1.1. Market size and forecast, by Type
- 8.4.6.1.2. Market size and forecast, by Application
- 8.4.6.1.3. Market size and forecast, by Voltage
- 8.4.6.1.4. Market size and forecast, by End User
- 8.4.6.2. Japan
- 8.4.6.2.1. Market size and forecast, by Type
- 8.4.6.2.2. Market size and forecast, by Application
- 8.4.6.2.3. Market size and forecast, by Voltage
- 8.4.6.2.4. Market size and forecast, by End User
- 8.4.6.3. India
- 8.4.6.3.1. Market size and forecast, by Type
- 8.4.6.3.2. Market size and forecast, by Application
- 8.4.6.3.3. Market size and forecast, by Voltage
- 8.4.6.3.4. Market size and forecast, by End User
- 8.4.6.4. South Korea
- 8.4.6.4.1. Market size and forecast, by Type
- 8.4.6.4.2. Market size and forecast, by Application
- 8.4.6.4.3. Market size and forecast, by Voltage
- 8.4.6.4.4. Market size and forecast, by End User
- 8.4.6.5. Australia
- 8.4.6.5.1. Market size and forecast, by Type
- 8.4.6.5.2. Market size and forecast, by Application
- 8.4.6.5.3. Market size and forecast, by Voltage
- 8.4.6.5.4. Market size and forecast, by End User
- 8.4.6.6. Rest of Asia-Pacific
- 8.4.6.6.1. Market size and forecast, by Type
- 8.4.6.6.2. Market size and forecast, by Application
- 8.4.6.6.3. Market size and forecast, by Voltage
- 8.4.6.6.4. Market size and forecast, by End User
- 8.5. LAMEA
- 8.5.1. Key market trends, growth factors and opportunities
- 8.5.2. Market size and forecast, by Type
- 8.5.3. Market size and forecast, by Application
- 8.5.4. Market size and forecast, by Voltage
- 8.5.5. Market size and forecast, by End User
- 8.5.6. Market size and forecast, by country
- 8.5.6.1. Brazil
- 8.5.6.1.1. Market size and forecast, by Type
- 8.5.6.1.2. Market size and forecast, by Application
- 8.5.6.1.3. Market size and forecast, by Voltage
- 8.5.6.1.4. Market size and forecast, by End User
- 8.5.6.2. South Africa
- 8.5.6.2.1. Market size and forecast, by Type
- 8.5.6.2.2. Market size and forecast, by Application
- 8.5.6.2.3. Market size and forecast, by Voltage
- 8.5.6.2.4. Market size and forecast, by End User
- 8.5.6.3. Saudi Arabia
- 8.5.6.3.1. Market size and forecast, by Type
- 8.5.6.3.2. Market size and forecast, by Application
- 8.5.6.3.3. Market size and forecast, by Voltage
- 8.5.6.3.4. Market size and forecast, by End User
- 8.5.6.4. Rest of LAMEA
- 8.5.6.4.1. Market size and forecast, by Type
- 8.5.6.4.2. Market size and forecast, by Application
- 8.5.6.4.3. Market size and forecast, by Voltage
- 8.5.6.4.4. Market size and forecast, by End User
CHAPTER 9: COMPETITIVE LANDSCAPE
- 9.1. Introduction
- 9.2. Top winning strategies
- 9.3. Product mapping of top 10 player
- 9.4. Competitive dashboard
- 9.5. Competitive heatmap
- 9.6. Top player positioning, 2022
CHAPTER 10: COMPANY PROFILES
- 10.1. Siemens Energy
- 10.1.1. Company overview
- 10.1.2. Key executives
- 10.1.3. Company snapshot
- 10.1.4. Operating business segments
- 10.1.5. Product portfolio
- 10.1.6. Business performance
- 10.1.7. Key strategic moves and developments
- 10.2. Hitachi
- 10.2.1. Company overview
- 10.2.2. Key executives
- 10.2.3. Company snapshot
- 10.2.4. Operating business segments
- 10.2.5. Product portfolio
- 10.2.6. Business performance
- 10.2.7. Key strategic moves and developments
- 10.3. Raychem RPG Private Limited.
- 10.3.1. Company overview
- 10.3.2. Key executives
- 10.3.3. Company snapshot
- 10.3.4. Operating business segments
- 10.3.5. Product portfolio
- 10.3.6. Business performance
- 10.3.7. Key strategic moves and developments
- 10.4. TOSHIBA CORPORATION
- 10.4.1. Company overview
- 10.4.2. Key executives
- 10.4.3. Company snapshot
- 10.4.4. Operating business segments
- 10.4.5. Product portfolio
- 10.4.6. Business performance
- 10.4.7. Key strategic moves and developments
- 10.5. MAPPEC
- 10.5.1. Company overview
- 10.5.2. Key executives
- 10.5.3. Company snapshot
- 10.5.4. Operating business segments
- 10.5.5. Product portfolio
- 10.5.6. Business performance
- 10.5.7. Key strategic moves and developments
- 10.6. Tridelta Meidensha GmbH
- 10.6.1. Company overview
- 10.6.2. Key executives
- 10.6.3. Company snapshot
- 10.6.4. Operating business segments
- 10.6.5. Product portfolio
- 10.6.6. Business performance
- 10.6.7. Key strategic moves and developments
- 10.7. Hubbell Inc.
- 10.7.1. Company overview
- 10.7.2. Key executives
- 10.7.3. Company snapshot
- 10.7.4. Operating business segments
- 10.7.5. Product portfolio
- 10.7.6. Business performance
- 10.7.7. Key strategic moves and developments
- 10.8. TE Connectivity
- 10.8.1. Company overview
- 10.8.2. Key executives
- 10.8.3. Company snapshot
- 10.8.4. Operating business segments
- 10.8.5. Product portfolio
- 10.8.6. Business performance
- 10.8.7. Key strategic moves and developments
- 10.9. Elmac Technologies
- 10.9.1. Company overview
- 10.9.2. Key executives
- 10.9.3. Company snapshot
- 10.9.4. Operating business segments
- 10.9.5. Product portfolio
- 10.9.6. Business performance
- 10.9.7. Key strategic moves and developments
- 10.10. KA Factor Group Inc..
- 10.10.1. Company overview
- 10.10.2. Key executives
- 10.10.3. Company snapshot
- 10.10.4. Operating business segments
- 10.10.5. Product portfolio
- 10.10.6. Business performance
- 10.10.7. Key strategic moves and developments
- 10.11. MacLean Power Systems.
- 10.11.1. Company overview
- 10.11.2. Key executives
- 10.11.3. Company snapshot
- 10.11.4. Operating business segments
- 10.11.5. Product portfolio
- 10.11.6. Business performance
- 10.11.7. Key strategic moves and developments