HomeEnergy And Power Transmission OHL Surge Arresters Market Size, Share & Trends Analysis Report by Type (1-20 . . .

Transmission OHL Surge Arresters Market

Transmission OHL Surge Arresters Market Size, Share & Trends Analysis Report by Type (1-20KV, 35KV, 110-220KV) by Application (Residential, Commercial, Industrial) and Segment Forecasts, 2023-2031

Market Overview

The Global Transmission OHL Surge Arresters Market Size is predicted to grow at a CAGR of 4.4% from 2023 to 2031.

Transmission Surge arresters, or OHL (Overhead Line) arresters, are devices used in power transmission networks to safeguard overhead wires from transient overvoltages. Overvoltages can arise due to various factors, including lightning strikes, switching activities, or power system problems.

The primary function of transmission OHL surge arresters is to reduce and deflect the excessive voltage created by these transient events, thereby protecting transmission lines and associated equipment. Surge arresters provide a path for the overvoltage, essentially "arresting" or diverting it from the protected equipment.

The market for transmission Overhead Line (OHL) surge arresters is crucial in safeguarding power transmission infrastructure against voltage surges and transient overvoltages. Surge arresters are power line devices that deflect and reduce excess voltage induced by lightning strikes, switching activities, or other electrical disturbances. They contribute to the protection of transmission lines, substations, and other electrical equipment, lowering the danger of damage and increasing the overall reliability of the power system.

Transmission OHL Surge Arresters Market 2019 2020 2021 2022 2023 2024 2025 2026 2028 2029 2030 2031 $XX.X Million $XX.X Million CAGR 4.4% Historical Years Forecast Years
Get more information on this report Download Free Sample

Market Dynamics

Market Drivers

  • Growing Interest in Grid Resilience and Power Quality

Power quality and system resilience have emerged as critical problems for utilities and grid operators. Voltage surges and transient overvoltages can disrupt power supply, damage equipment, and cause downtime, resulting in considerable economic losses. To preserve the dependability and stability of power networks, utilities are progressively investing in surge prevention devices, such as Transmission OHL Surge Arresters. These devices improve grid resilience and help to ensure a continuous power supply.

  • Increasing Renewable Energy Integration

The integration of renewable energy sources, such as wind and solar, into the power grid has increased in recent years. However, renewable energy systems are more vulnerable to voltage surges because of their intermittent nature and reliance on weather conditions. Transmission OHL Surge Arresters are critical in protecting transmission infrastructure and equipment from surges generated by lightning strikes or unexpected shifts in renewable energy supply. The shift to a clean energy future and the expansion of renewable energy installations contribute to the demand for surge arresters in transmission lines.

Market Restraints

  • Maintenance and Replacement expenses

The continuing maintenance and replacement expenses associated with surge arresters are another market limitation. Surge arresters are exposed to adverse climatic conditions such as high temperatures, humidity, and pollution. These factors can damage surge arrester performance over time, limiting its efficiency in suppressing voltage spikes. Surge arresters require regular maintenance and replacement to preserve their dependability and efficacy. The maintenance and repair costs can add to the overall operational expenses of utilities and grid operators, making broad use of surge arresters difficult.

Market Opportunities

  • Increasing Requirement for Reliable Power Transmission Infrastructure

As the electricity demand grows, so does the reliable power transmission infrastructure requirement. Transmission OHL Surge Arresters are critical in safeguarding transmission lines, substations, and other electrical equipment from voltage surges induced by lightning strikes, switching operations, or other disturbances. Surge arresters in transmission lines are in high demand due to the rising power grid and infrastructure development projects worldwide.

Market Scope

Report Metric Details
Market Size by 2031 USD XX Million/Billion
Market Size in 2023 USD XX Million/Billion
Market Size in 2022 USD XX Million/Billion
Historical Data 2020-2022
Base Year 2022
Forecast Period 2024-2032
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Segments Covered
  1. Segment by Type
    1. 1-20KV
    2. 35KV
    3. 110-220KV
  2. Segment by Application
    1. Residential
    2. Commercial
    3. Industrial
Geographies Covered
  1. North America
  2. Europe
  3. APAC
  4. Middle East and Africa
  5. LATAM
Companies Profiles
  1. ABB Ltd.
  2. Schneider Electric
  3. Eaton Corp.
  4. General Electric
  5. Emerson Electric
  6. Siemens AG
  7. Mitsubishi Electric Corp.
  8. Crompton Greaves
  9. Legrand S.A.
  10. Raycap Corp.

Segmental Analysis

Segment by Type

  • 1-20KV

This voltage range often denotes the level of power delivery. Voltages widely utilized in home, commercial, and minor industrial applications are included. Surge arresters in this voltage range are intended to guard against voltage surges or transients caused by lightning strikes, switching activities, or other power grid disruptions.

  • 35KV

This voltage level is in the medium-voltage range and is often utilized in industrial and commercial applications. Surge arresters at this voltage level protect electrical equipment and infrastructure from transient overvoltages.

  • 110-220KV

This voltage range is associated with the high-voltage transmission level. It transmits power across vast distances via high-voltage overhead lines (OHL) or underground cables. Surge arresters in this category protect transmission lines and associated equipment against voltage surges generated by lightning strikes, faults, or switching activities.

Segment by Application

  • Residential

Transmission lines may run through or near neighborhoods to supply power to residences. Surge arresters put on overhead transmission lines near residential areas aid in the protection of the electrical infrastructure and prevent damage to household electrical appliances. They protect sensitive electrical items such as televisions, laptops, refrigerators, and air conditioners from voltage spikes that may occur during lightning storms or power system disruptions.

  • Commercial

Commercial structures, such as offices, retail malls, hotels, and hospitals, usually have larger power requirements than residential areas. These structures are frequently seen near or within urban areas where overhead transmission lines supply power. Surge arresters are installed on these transmission lines to protect the electrical systems of commercial buildings, including data centers, HVAC systems, elevators, and lighting systems. Surge arresters help ensure an uninterrupted power supply and preserve important equipment from damage or downtime by limiting the dangers associated with power surges.

  • Industrial

Manufacturing factories, refineries, and large-scale production units all contain sophisticated electrical systems and heavy gear. These facilities are typically linked to high-voltage transmission lines to meet their power requirements. Surge arresters are essential in industrial applications to safeguard equipment and machinery against voltage surges from lightning, switching activities, or power grid problems. Surge arresters help minimize costly equipment failures, production downtime, and other safety issues by protecting important gear such as motors, drives, and control systems.

Transmission OHL Surge Arresters Market Analysis By Type 1-20KV 35KV 110-220KV By Application Residential Commercial Industrial By Region North America Europe APAC Middle East and Africa LATAM Key Players ABB Ltd. Schneider Electric Eaton Corp. General Electric Emerson Electric & More ...

Regional Analysis

North America

Several factors influence the North American market for Transmission Overhead Line (OHL) Surge Arresters, including the region's energy infrastructure, regulatory climate, and need for reliable power transmission. Surge arresters for overhead lines are critical components of power transmission systems because they safeguard overhead wires and associated equipment from voltage surges induced by lightning strikes or other electrical disturbances. North America has a large transmission network that requires excellent voltage surge prevention. The development and modernization of transmission infrastructure, especially high-voltage overhead lines, provides surge arrester installation and replacement opportunities.

Europe

The European market for Transmission OHL Surge Arresters has grown steadily in recent years. Factors driving demand include increased investments in power infrastructure, increased renewable energy integration, and the requirement for greater grid reliability and performance. Europe is actively pursuing renewable energy sources such as wind and solar power. Integrating these intermittent energy sources into the grid creates voltage swings and power quality issues. Surge arresters are critical in shielding transmission lines and substations from the impacts of lightning strikes and switching surges caused by renewable energy sources.

Asia-Pacific

The Asia Pacific region is seeing significant economic growth, urbanization, and population rise, driving power demand. Governments in China, India, Japan, and South Korea are investing heavily in power infrastructure, including transmission networks. This investment push drives demand for surge arresters to protect transmission lines. Renewable energy installations, such as solar and wind farms, have grown significantly across Asia. Surge arresters are essential for protecting renewable energy sources from potential voltage surges because they are frequently connected to the transmission system.

South America

South America has a relatively high incidence of lightning strikes, particularly in tropical climate regions. Power surges caused by lightning can harm electrical equipment and disrupt power supply. Surge arresters protect transmission lines and other electrical assets from lightning-induced surges.

Middle East and Africa

Many MEA countries are investing in grid modernization and upgrading old electricity infrastructure. This includes retrofitting existing transmission lines with surge arresters or installing new surge arresters during new transmission line construction to improve grid reliability and performance.

Transmission OHL Surge Arresters Market Regional Analysis
Regional Growth Insights Download Free Sample

Key Players

  1. ABB Ltd.
  2. Schneider Electric
  3. Eaton Corp.
  4. General Electric
  5. Emerson Electric
  6. Siemens AG
  7. Mitsubishi Electric Corp.
  8. Crompton Greaves
  9. Legrand S.A.
  10. Raycap Corp.

Recent Developments

July 3, 2023: ABB and Microsoft are collaborating to integrate generative AI capabilities into industrial digital solutions for safer, smarter, and more sustainable operations. The cooperation intends to deploy Copilot capabilities to enable more intuitive user engagement with ABB AbilityTM Genix Industrial Analytics and AI Suite and its applications and increase the value of contextualized data for increased efficiency and sustainability.

Transmission OHL Surge Arresters Market Segmentations

Segment by Type

  • 1-20KV
  • 35KV
  • 110-220KV

Segment by Application

  • Residential
  • Commercial
  • Industrial

Frequently Asked Questions

What is the estimated growth rate (CAGR) of the global transmission ohl surge arresters market?
The global transmission ohl surge arresters market growing at a CAGR of 4.4% from (2023–2031).
North america region has the largest share of the market.
Segment by type (1-20KV, 35KV, 110-220KV) Segment by application (Residential, Commercial, Industrial) are the segments covered in this market.
ABB Ltd., Schneider Electric, Eaton Corp., General Electric, Emerson Electric, Siemens AG, Mitsubishi Electric Corp., Crompton Greaves, Legrand S.A., Raycap Corp are the prominent players in the global market.
The forecast period for this market report is between 2023-2031.

Purchase Benefits

  • Up to 6 months support
  • Completely customizable scope
  • 30% discount on your next purchase
  • Dedicated account manager
  • Query resolution within 24 hours
Free Sample Report

"Find new revenue generation opportunities"

clients
Trusted by Fortune 500
Over 30000+ subscribers