Global Lightning Arrester Market Size, Share, and COVID-19 Impact Analysis, By Type, By Rating, By Application, By End-user, ect

A lightning arrester is a device used in electric power and telecommunications systems to protect the system’s insulation and conductors from lightning damage. It is also referred to as a lightning diverter. The typical lightning arrester has two terminals: high voltage and ground. When a lightning surge (or switching very similar surge) travels down the power line to the arrester, the current is diverted through the arrester and, in most cases, to Earth. A lightning arrester protects an electric power and telecommunications system from lightning’s high voltage surge. It prevents current from flowing to the ground until the system voltage reaches a normal level, and a lightning arrester can be a spark gap or a block of semiconducting material such as silicon carbide or zinc oxide. The global lightning arrester market is rapidly expanding and is expected to continue its upward trend in the coming years.

The high initial installation costs are expected to hamper market growth. This installation represents a significant barrier to small businesses. Lightning arresters’ maintenance costs are also hamper the lightning arrester market growth. Growing competition and a high need to comply with strict regulations and changing standards around the world are expected to limit the market. Certain regions, particularly developing economies, are unaware of the importance of lightning protection systems. This results in low adoption rates and restricted market growth opportunities.

Asia-Pacific is projected to hold the largest share of the global lightning arrester market over the predicted years. Growing electricity demand and upgrades to electric infrastructure are expected to create significant opportunities for lightning arresters, as the country’s urbanization and modernization have increased the number of high-rise buildings.

North America is expected to grow fastest in the global lightning arrester market during the forecast period. North America has seen significant growth in recent years, owing to high product penetration rates and technological advancements in lightning protection systems. Increased demand for electricity and upgrades to electric infrastructure are expected to boost the market in the North America.

Global Lightning Arrester Market Size, Trend, Forecasts to -33