the global Polymer Metal Oxide Lightning Arrester market size is projected to reach USD 1696 million by 2029

Polymer Metal Oxide Lightning Arrester Market Summary

A Metal Oxide Surge Arrester, abbreviated as MOA, is a device designed to protect electrical power systems from overvoltage events. It utilizes the resistive properties of composite metal oxide materials, typically including zinc oxide, to provide a low-impedance path when the voltage exceeds a set value, diverting overvoltages to the ground and safeguarding the electrical system.

According to the new market research report "Global Polymer Metal Oxide Lightning Arrester Market Report 2023-2029", published by GlobalInfoResearch, the global Polymer Metal Oxide Lightning Arrester market size is projected to reach USD 1696 million by 2029, at a CAGR of 4.5% during the forecast period.

• Global Polymer Metal Oxide Lightning Arrester MarketSize(US$ Million), 2018-2029

Source: GlobalInfoResearch, “Global Polymer Metal Oxide Lightning Arrester Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”.

Market Drivers:

Technological Innovation and Upgrades: The composite metal oxide surge arrester market benefits from continuous technological innovations and ongoing upgrades to product performance. The introduction and enhancement of new technologies contribute to improving the efficiency of surge arresters, meeting the evolving demands of the market.

Investment in Power Infrastructure: Substantial investments by governments and businesses in power infrastructure are key drivers of market growth. As power networks expand and modernize, there is a corresponding increase in demand for surge arresters to protect equipment from power fluctuations and surges.

Growing Energy Demand: With the global increase in energy demand, the expansion of the power industry will drive the growth of the composite metal oxide surge arrester market. This is particularly evident in the construction and expansion of power transmission and distribution networks, leading to a continuous rise in demand for surge arresters.

Restraint:

Fluctuation in Raw Material Prices: The manufacturing of composite metal oxide surge arresters relies on various raw materials, including metal oxides. The instability in raw material prices may lead to fluctuations in manufacturing costs, impacting the profitability of market participants.

Intense Competition: The presence of multiple manufacturers in the market leads to fierce competition, potentially resulting in price wars that affect the profitability of businesses. In such a competitive environment, companies need to continually enhance product quality and reduce costs to maintain a competitive edge.

Technological Obsolescence: Rapid technological advancements create an increasing demand for cutting-edge technologies. Product obsolescence may result in a decline in market share, necessitating continuous research and development to keep pace with technological trends.

Opportunity:

Rise of Renewable Energy: The growing focus on renewable energy, especially the utilization of wind and solar power, presents new growth opportunities for the composite metal oxide surge arrester market. These renewable energy facilities require effective surge protection, driving an increase in market demand.

Smart Power Systems: With the development of smart power systems, there is a gradual increase in demand for smart surge arresters. The composite metal oxide surge arrester industry can capitalize on this trend by integrating smart technologies to provide more advanced and reliable products, meeting the evolving demands of the market.

Global Electrification Trends: The global push for electrification will increase the demand for power equipment, creating more opportunities for the composite metal oxide surge arrester market. Particularly in emerging markets and rural areas, the advancement of electrification projects will be a significant driver of market growth.

The downstream industry is concentrated, with relatively fixed customers. The main downstream markets for Polymer Metal Oxide Lightning Arrester include the power, energy, and railway industries, with customers primarily being large power companies such as the State Grid and Southern Power Grid.

• Global Polymer Metal Oxide Lightning Arrester Top15Players Ranking and Market Share（Continually updated）

Source: GlobalInfoResearch, “Global Polymer Metal Oxide Lightning Arrester Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”.

This report profiles key players of Polymer Metal Oxide Lightning Arrester such as Hitachi Energy, Hubbell.

According to GlobalInfoResearch Top Players Research Center, the global key manufacturers of Polymer Metal Oxide Lightning Arrester include Hitachi Energy, Hubbell, Toshiba, Henan Pinggao Electric, China XD Group, JinGuan Electric, Eaton Cooper, Siemens, GE Grid Solutions, Fushun Electric Porcelain Manufacturing, etc. In 2022, the global top 10 players had a share approximately 26.0% in terms of revenue.

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