Lightning Arrester Market to Witness Growth Based On Rising Incidence of economy Till 2023: – Planet Market Reports

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Summary

Over the next five years, LPI Planet Market Reports projects that Lightning Arrester will register a 1.6% CAGR in terms of revenue, reach US$ 1150 million by 2023, from US$ 1040 million in 2017.

Press Release

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Planet Market Reports has added a report, titled, “Global Lightning Arrester Outlook, For Outdoor Power Market Forecast to 2023.”

A Lightning Arrester is a device, used on power systems, which contains billions of electronic switches that divert lightning around sensitive equipment and protects them from damage of lightening and switching surges. There are four different classes of arresters, including station class, intermediate class, distribution class and secondary class.
Due to the huge capital expenditure in the electric network and infrastructure upgrading process, China is the largest manufacturing bases and consuming region of lighting arresters. After tens of years of absorbing the international mainstream technology, the home-made products are occupying the market and export to other regions.
Besides China, US is the second largest consumption market in terms of volume, followed by Europe. India is also expected to grow faster than other regions, considering its population scale and strong economic growth rate in recent years. There is much business potential in this region.
Although sales of Lighting arrester brought a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and downstream support do not to enter into the Lighting arrester field.
Over the next five years, LPI Planet Market Reports projects that Lightning Arrester will register a 1.6% CAGR in terms of revenue, reach US$ 1150 million by 2023, from US$ 1040 million in 2017.

In this report, Planet Market Reports covers the present scenario with the base year being 2017 and the growth prospects of global Lightning Arrester market for 2018-2023.

This report presents a comprehensive overview, market shares, and growth opportunities of Lightning Arrester market by product type, application, key manufacturers and key regions.

To calculate the market size, Planet Market Reports considers value and volume generated from the sales of the following segments:

Segmentation by product type:

Below 35 KV
35-110 KV
Above 110 KV

Segmentation by application:

Transmission Line
Substation
Distribution Line
Total

Get More Information about this Report @

https://www.planetmarketreports.com/reports/global-lightning-arrester-market-2250

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:

ABB Thomas & Betts 
SIEMENS
Hubbell
Cooper
TOSHIBA
MEIDEN TRIDELTA 
Streamer
Lamco
Shreem
Ensto
GE Grid
Jingguan
China XD
Fushun Electric Porcelain
Hengda ZJ
PG Toshiba Langfang Arrester
FVA Electric Apparatus
Silver Star
Yikun Electric

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

To study and analyze the global Lightning Arrester consumption value & volume by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Lightning Arrester market by identifying its various subsegments.
Focuses on the key global Lightning Arrester manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Lightning Arrester with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks .
To project the consumption of Lightning Arrester submarkets, with respect to key regions along with their respective key countries .
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Contact US:- 

Name: Jennifer Daniel 

Email-Id: sales@planetmarketreports.com

US: +1-716-2260907

UK: +447441952057

Organization: Planet Market Reports

 

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