Japan Surge Arrester Market Insights Forecasts to 2033

• The Market is Growing at a CAGR of 4.1% from 2023 to 2033
• The Japan Surge Arrester Market Size is Expected to Hold a Significant Share By 2033

The Japan Surge Arrester Market is Anticipated to Hold a Significant Share By 2033, growing at a CAGR of 4.1% from 2023 to 2033.

Market Overview

A surge arrester is a device that protects equipment by redirecting surge current to prevent voltage from exceeding safe levels. It prevents ongoing current from grounding and can execute these functions following ANSI standard C62.11. It does not absorb or block lightning; instead, it redirects, reduces voltage, and safeguards parallel-connected electronics. It can be used for a variety of purposes, including protecting industrial and utility substations. They are placed on circuit breakers in homes, pad-mounted transformers, pole-mounted riser poles, and substations. The increasing need for smart grid infrastructure displaces current infrastructure and brings in new end-use sectors, particularly in renewable energy ventures, driving the growth of the surge arrester market. The rising need for electricity in the country, along with the growing focus on expanding renewable energy capacity, is driving utilities to invest in electricity transmission and distribution networks, as well as electrification initiatives. The market for surge arresters is expected to increase due to these investments and initiatives to upgrade outdated electrical infrastructure.

Report Coverage

This research report categorizes the market for the Japan surge arrester market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan surge arrester market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Japan surge arrester market.

Driving Factors

Surge arresters are crucial elements needed to safeguard electrical equipment in transmission and distribution systems. They are placed in substations, transmission lines, and other components of electrical grids. Growing investments in transmission & distribution (T&D) networks are a key driver for the surge arrester market's expansion. The growth of the market is directly influenced by the expansion and improvement of T&D networks.

Restraining Factors

Extended waiting periods and project setbacks present obstacles to the expansion of the surge arrester market.

Market Segmentation

The Japan surge arrester market share is classified into type and application.

• The polymeric segment is expected to hold the largest market share through the forecast period.   

The Japan surge arrester market is segmented by type into porcelain and polymeric. Among these, the polymeric segment is expected to hold the largest market share through the forecast period. The demand for polymeric is set to rise because of its versatility in different voltage ranges. In comparison to porcelain, this product will be favored for its ease of use and installation, reliable performance in difficult environments, cost-effective production, operating costs, and exceptional breakage resistance when under heavy loads. Moreover, the market will experience significant improvement due to increasing demand from many businesses to effectively address system faults and substantial investments to enhance current power infrastructure.

• The utility segment dominates the market with the largest market share over the predicted period.

The Japan surge arrester market is by application into utility and industrial. Among these, the utility segment dominates the market with the largest market share over the predicted period. These are mainly utilized in the utility sector due to the size of the utility's electrical grid, which surpasses that of the industrial electric infrastructure. The optimal location to install the device is typically on the main service or panel that supplies the facility. Since the overhead line system operates at 25,000 volts, sufficient electrical clearance is necessary during design and installation to prevent unintended flashovers between live conductors and the structure in the electrification infrastructure.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan surge arrester market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• ABB Ltd.
• CG Power and Industrial Solutions Ltd
• Eaton Corporation PLC
• Emerson Electric Co.
• Legrand SA
• Siemens AG
• Mitsubishi Electric Corporation
• Raycap Corporation SA
• Schneider electric SE
• General Electric Company
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at Japan, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Japan Surge Arrester Market based on the below-mentioned segments

Japan Surge Arrester Market, By Type

• Porcelain
• Polymeric

Japan Surge Arrester Market, By Application

• Utility
• Industrial