Lightning Arrester Market Trend: Maintain Positive Growth
AC lightning arrester is a device used to protect power equipment and electrical systems from damage caused by lightning strikes. It can effectively guide lightning energy to the ground, thereby preventing lightning strikes from causing damage to equipment and systems. The performance of AC arresters directly affects the safe and stable operation of the power transmission system and plays an extremely important role.
The electric power industry is related to the country’s economic lifeline, and lightning has the characteristics of high peak voltage, which is extremely destructive to electrical equipment and will cause huge economic losses. Therefore, avoiding lightning strikes has always been one of the tasks that the electric power industry attaches great importance to. China’s electric power industry is developing rapidly, the value of a single power equipment is still rising, and the market’s performance requirements for arresters are still increasing.
According to Market Research Online release, the 2023-2029 China insulator arrester industry market status survey and future development trend forecast report analysis, the market size of China’s insulator arrester industry reached 720 million yuan in 2018, and it reached 780 million yuan in 2019. In comparison, from 2018 to 2020, the market size of China’s insulator and arrester industry increased by 16.67%, which is much higher than the growth rate of other industries. It is expected that by 2025, the market size of China’s insulator arrester industry will reach 1.12 billion yuan.
The arrester industry continues to develop due to the following three aspects:
- The domestic demand market continues to expand. In newly built power facilities and transformed and upgraded power grids, a large number of new power supply configurations will use lightning arresters.
- The research and development innovation of lightning arresters continues to increase, and the production process technology is also constantly making breakthroughs.
- Benefit from the support of government policies. The Chinese government not only supports the development of smart grids, power industry transformation and new energy, which will increase arrester demand, but also supports companies to participate in international competition and increase investment in the lightning arrester industry to promote its development.
Therefore, the market size and future development trends of the lightning arrester industry will maintain positive growth.
