Global Lightning Arrester market will reach 1184.3 million US$ by the end of 2024

Publisher: QYResearch

Published Date: 2019/5/15

The global Lightning Arrester market is valued at 1044.43 Million USD in 2017 and is expected to reach 1184.3 Million USD by the end of 2024, growing at a Growth Rate of 1.81% between 2017 and 2024.

In the last Five years, along with the quick development with urbanization and industrialization, global Lighting arrester market is growing optimistically.

Due to the huge capital expenditure in the electric network and infrastructure upgrading process, China is the largest manufacturing bases and consuming region of lighting arresters. After tens of years of absorbing the international mainstream technology, the home-made products are occupying the market and export to other regions.

Besides China, US is the second largest consumption market in terms of volume, followed by Europe. India is also expected to grow faster than other regions, considering its population scale and strong economic growth rate in recent years. There is much business potential in this region.

Leading manufacturers are ABB, SIEMENS, Hubbell, Cooper, TOSHIBA, MEIDEN (TRIDELTA), Jingguan, China XD, etc. This industry is relatively less concentrated. The concentration rate of top 3 is 18.0% in 2017

Though the giants have occupied considerable market share, especially where high reliability needs to be assured, there are still many small manufacturers of Lighting arrester around the world.

Although sales of Lighting arrester brought a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and downstream support do not to enter into the Lighting arrester field.

Click to view the full report: https://www.qyresearch.com/index/detail/74117/global-lightning-arrester-sales-market

This article was first released by QYResearch, if reproduced, please indicate the source.

Marketing: sales@qyresearchglobal.com

Media Contact: press@qyresearch.com