Surge Arresters Market (Low Voltage Surge Arresters, Medium Voltage Surge Arresters and High Voltage Surge Arresters) for Industrial, Commercial and Household Application: Canada Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2016 - 2022

Canada surge arresters market is expected to reach USD 105.84 million in 2022, growing at a CAGR of 4.02% between 2017 and 2021.

03-Jan-2017 | Number of pages: 101 | Report Code: ZMR-649 | Report Format : | Status : Published

Analysis

A surge arrester is a device used to protect electrical equipment and machinery from over-voltage transients caused by internal and external voltage fluctuations. Surge arrest driver or limit the current flow to protect the electronic device from getting damaged. Internal voltage fluctuations and external factors such as lightning cause damage to the electrical equipment used in several industries. Surge arrester cannot protect electronic equipment from direct lightning. It protects the equipment from electrical transients occurring from lightning.

Surge arrester market is primarily driven by increasing demand of electronic devices coupled with decreasing prices of consumer electronics. High demand for consumer electronics products and home appliances is expected to propel the market growth during the year to come. In addition, high disposable income and changing lifestyles in developed countries also help to grow the consumer electronics industry and power consumption at the rapid pace. However, some restraints like high cost and complexity of installation of surge arrester in huge plants may hinder the growth of the market. Moreover, increasing demand for renewable energy helps to open up new opportunities in the surge arrester market.

Canada-surge-arresters-market-revenue

Based on application segment, the surge arrester market has been segmented into industrial, commercial and household applications. The industrial sector was leading application segment surge arrester market and accounted for the largest market share in 2016. Rising automation in both manufacturing and processing industry has augmented the demand for surge arresters in the industrial machinery and equipment sectors.

In terms of voltage type, Canada surge arrester market is segmented into low voltage surge arresters, medium voltage surge arresters, and high voltage surge arresters. High voltage surge arrester dominated the surge arrester market owing to the high demand from industrial applications. Medium voltage surge arrester is expected have a strong growth in the near future.

Canada is the world's second major manufacturer of hydroelectricity after China and accounted for 60% of all electric generation in 2007. Canada has made continuous development to improve and utilize natural resources in the service of electricity production. Thus, the rise in the demand for power generation is one of the primary factors anticipated to drive the surge arresters market in Canada. 

Some of the key participants involved in surge arrester market includeEmerson Electric, Eaton Corporation Plc, Siemens AG, ABB Ltd, Schneider Electric S.E., Raycap Corporation, Mitsubishi Electric Corporation, and Crompton Greaves.


Related Reports

Waterproof Headphones Market by Type (Wired, Wireless), by Rating (IPX5, IPX6, IPX7, and IPX8), and by Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Feb-2020 | Price : $ 4199.00 | Pages: 150 | Report Code: ZMR-5251 | Report Format:

According to the report, the global waterproof headphones market was valued at around USD 5,102 Million in 2019 and is expected to reach over USD 8,355 Million by 2026, growing at a CAGR of around 7.3% during the forecast period from 2020 to 2026. This report analyzes and estimates the waterproo...Read More

Warm Air Heater Market by Product (Electric Forced Air Heater, Heat Compact Heater, Hybrid Heater, Radiant Heater and Others) by Application (Residentiall and Non-Residentiall) and by Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Feb-2020 | Price : $ 4199.00 | Pages: 150 | Report Code: ZMR-5249 | Report Format:

According to the report, the warm air heater market analysis was valued at around USD 3,865 Million in 2019 and is expected to reach over USD 4,685 Million by 2026, growing at a CAGR of around 2.80% during the forecast period from 2020 to 2026. This report analyzes and estimates the warm air hea...Read More

Global Push To Talk (PTT) Market by component (Hardware, Solutions and Services) by Network Type (Push To Talk over Cellular (PoC) and Land Mobile Radio (LMR)) by application (Public Safety, Government & Defense and Commercial) and by Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Feb-2020 | Price : $ 4199.00 | Pages: 150 | Report Code: ZMR-5248 | Report Format:

According to the report, the push to talk (PTT) market analysis was valued at around USD 25,000 Million in 2019 and is expected to reach over USD 45,500 Million by 2026, growing at a CAGR of around 9% during the forecast period from 2020 to 2026. This report analyzes and estimates the push to ta...Read More

Passport Reader Market by Type (Swipe Readers, Self-Service Kiosk, Compact Full-Page Reader and Others) by Technology (Radio-Frequency Identification (RFID), Barcode, Optical Character Recognition (OCR)) by application (Airport Security, Border Control and others) and by Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Feb-2020 | Price : $ 4199.00 | Pages: 150 | Report Code: ZMR-5247 | Report Format:

According to the report, the passport reader market analysis was valued at around USD 210 Million in 2019 and is expected to reach over USD 436 Million by 2026, growing at a CAGR of around 11% during the forecast period from 2020 to 2026 This report analyzes and estimates the passport reader mar...Read More

Global Leak Detection and Repair (LDAR) Market by Product type type (Portable Gas Detectors and Fixed Gas Detectors) by technology (Optical Gas Imaging, Laser Absorption Spectroscopy, Acoustic Leak Detection and Others) and by Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026.

Feb-2020 | Price : $ 4199.00 | Pages: 150 | Report Code: ZMR-5244 | Report Format:

According to the report, the global leak detection and repair (LDAR) market analysis was valued at around USD 18,500 Million in 2019 and is expected to reach over USD 26,910 Million by 2026, growing at a CAGR of around 5.5% during the forecast period from 2020 to 2026. This report analyzes and e...Read More

Request Brochure
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.