What is Global Metal Oxide Lightning Arrester Market?
The Global Metal Oxide Lightning Arrester Market is a vast and dynamic sector that plays a crucial role in the world's electrical systems. Lightning arresters, specifically those made from metal oxide, are devices that protect electrical power systems from damages caused by lightning. During a thunderstorm or any such lightning event, these arresters divert the high voltage surges from the power system to the earth, thus preventing any potential damage. The market for these devices is global, meaning they are produced, sold, and used worldwide. The market's value was estimated at US$ 1534.8 million in 2022, and it is projected to reach US$ 2266.8 million by 2029. This indicates a Compound Annual Growth Rate (CAGR) of 4.9% from 2023 to 2029. However, the market is not evenly distributed. Hitachi Energy, for instance, is the world's largest manufacturer of metal oxide lightning arresters, holding a market share of about 2%.
Polymer MOA, Porcelain MOA in the Global Metal Oxide Lightning Arrester Market:
The Global Metal Oxide Lightning Arrester Market is segmented into two types: Polymer MOA and Porcelain MOA. Polymer MOA is the most popular type, accounting for over 80% of the market share. These arresters are made from a polymer housing and are known for their excellent performance, durability, and cost-effectiveness. They are lightweight, easy to install, and require less maintenance compared to their porcelain counterparts. On the other hand, Porcelain MOA, though less popular, are still used in certain applications due to their high dielectric strength and thermal stability. They are typically more expensive and heavier than polymer MOA, which limits their use to specific applications where these characteristics are required.
Power System, Transmission System, Distribution System, Substation System, Others in the Global Metal Oxide Lightning Arrester Market:
The Global Metal Oxide Lightning Arrester Market finds its usage in various areas such as Power System, Transmission System, Distribution System, Substation System, and others. In the Power System, these arresters protect the power lines and equipment from lightning-induced overvoltages. In the Transmission System, they safeguard the transmission lines and towers from lightning strikes, thus ensuring uninterrupted power supply. In the Distribution System, these arresters are used to protect the distribution lines, transformers, and other equipment from lightning surges. In the Substation System, they are used to shield the substation equipment from lightning-induced overvoltages. Other applications include protection of telecommunication towers, wind turbines, and solar power systems. Among these applications, the Transmission System is the dominant product, accounting for about 28% of the market share.
Global Metal Oxide Lightning Arrester Market Outlook:
The Global Metal Oxide Lightning Arrester Market outlook reveals a promising future. The market, which was valued at US$ 1534.8 million in 2022, is expected to grow to US$ 2266.8 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 4.9% during the forecast period from 2023 to 2029. The largest manufacturer of metal oxide lightning arresters globally is Hitachi Energy, with a market share of about 2%. When it comes to types of arresters, polymer MOA leads the pack with a market share of over 80%. In terms of application, the transmission system holds the lion's share, accounting for about 28% of the market.
| Report Metric | Details |
| Report Name | Metal Oxide Lightning Arrester Market |
| Accounted market size in 2023 | US$ 1701.2 million |
| Forecasted market size in 2029 | US$ 2266.8 million |
| CAGR | 4.9 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Hitachi Energy, Hubbell, Toshiba, Eaton Cooper, Siemens, Meiden (Tridelta Meidensha), GE Grid Solutions, Streamer Electric AG, Lamco Industries, Shreem Electric, Ensto, CG Power, PG Toshiba (Langfang) Arrester, China XD Group, JinGuan Electric, Fushun Electric Porcelain Manufacturing, HENGDA ELECTRIC, Wenzhou Yikun Electric, Nanyang Jinniu Electric |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
