TECHGuru

  In a report titled ‘Surge Arresters Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021,’ Transparency Market Research predicts the market to progress from US$1.7 bn in 2014 to US$2.4 bn by 2021. Factors such as the rising demand for electronic appliances and the increasing need for power generation can be credited for the growth of the global surge arresters market . As per the report, the global surge arresters market is expected to exhibit a 5.10% CAGR during the period between 2015 and 2021. To protect the machinery and electronic appliances from internal and external voltage fluctuations, a surge arrester is attached to the conductor. Internal voltage fluctuations and external factors such as lightning cause damage to the electrical equipment used in various industries. However, a surge arrester cannot protect electronic equipment from direct lightning. It protects the equipment from electrical transients occurring from lightning. Thanks ...

  The escalating demand for consumer electronics and appliances, triggered by the increasing disposable incomes and the frequent changes in the lifestyles of individuals across the world has fueled the demand for surge arresters significantly. As these arresters are highly effective in adjusting and normalizing power consumption, they provide efficient protection to electronic appliances against the damages from sudden   voltage   surges, ensuring their and their surrounding’s safety.  Going forward, the demand for surge arresters is likely to be influenced by the rise in power generation in the coming years. The increasing concerns over the depleting energy resources are projected to boost the production of electricity from non-renewable resources, creating opportunities for the application of these arresters in the near future. Apart from this, the growing industrialization in emerging economies is also projected to stimulate the demand for these arr...