General Electric has inked a supply agreement with GSI Helmholtzzentrum für Schwerionenforschung, Germany's top ion accelerator research center. Under this contract, GE will supply its LV8 platform that encompassed various products including power transformers, medium voltage switchgear, surge arrestors, and others.
Legrand SA has completed 7 acquisitions for the electrical utilities manufacturers. This also includes a leading Brazilian manufacturer of surge arrestors.
Author Credits: Rushikesh, Richa Gupta
Report ID: 5165
Published Date: Aug 16, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing reliability on renewables, and higher investment in electrical grid are the major factors driving the market growth.
The market size of surge arrester is anticipated to attain a CAGR of approximately 4% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are Siemens AG, General Electric, Schneider Electric, CG Power & Industrial Solutions Ltd, Legrand S.A, Emerson Electric Co., CS Technologies s.r.o, Vertiv Group Corp., TE Connectivity, and Lamco Industries Pvt Ltd.
The polymeric segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.