Middle East & Africa lightning arrester market is projected to grow from $ 110 million in 2018 to $ 138 million by 2024

Market report

Middle East & Africa lightning arrester market is projected to grow from $ 110 million in 2018 to $ 138 million by 2024, exhibiting a CAGR of over 4% during 2019-2024, owing to increasing investments in smart grids and energy systems.Moreover, aging power infrastructure, technological advancements and rapid industrialization in MEA countries are expected to positively impact growth of the region’s lightning arrester market in coming years. 

Lightning arrester is used for the protection of equipment at substations, transmission lines and distribution lines against travelling waves. In other words, lightning arrester diverts the abnormal high voltage to the ground without affecting the continuity of supply i.e., the arrestor provides a conducting path to the waves of relatively low impedance between the line and the ground. The selection of arrester depends on various factors like voltage, current and reliability. 
In terms of class, Middle East & Africa lightning arrester market has been categorized into transmission lines, distribution lines and substations.Of these categories, distribution line segment dominated the market in 2018 and is anticipated to grow at the fastest rate during forecast period, owing to increasing number of distribution lines in the region.  Continue reading …

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