Middle East & Africa Lightning Arrester Market growth to Grow with a robust CAGR of 5.25% through to 2028
Governments and regulatory bodies are imposing
stricter safety regulations and standards for various industries are expected
to drive the Middle East & Africa Lightning Arrester Market growth in the
forecast period, 2024-2028.
According to TechSci Research report, “Middle East
& Africa Lightning Arrester Market - By Country, Competition, Forecast and
Opportunities, 2018-2028”, the Middle East & Africa Lightning Arrester
Market is expected to register a robust during the forecast period, 2024-2028. With
the ongoing urbanization in the Middle East and Africa, there is a notable
increase in construction and infrastructure development projects. Lightning
arresters play a crucial role in modern infrastructure by safeguarding
buildings, power distribution systems, and other vital facilities against the
potential damage caused by lightning strikes.
The Middle East and Africa are currently undergoing
substantial urbanization and infrastructure development. This presents numerous
opportunities for manufacturers and service providers of lightning arresters,
as governments and businesses make significant investments in various
construction projects such as high-rise buildings, industrial facilities,
transportation networks, and power distribution systems. The integration of
reliable lightning protection systems into these projects is imperative, resulting
in a growing demand for dependable lightning arresters.
Based on voltage rating, Above 110 KV segment has
emerged as the predominant market leader. The region is increasingly adopting
renewable energy sources, such as large-scale solar and wind farms, which
necessitates the utmost importance placed on lightning protection for these
installations. The Above 110 kV segment assumes a critical role in safeguarding
the high-voltage electrical infrastructure associated with these projects.
High-voltage grids are indispensable for ensuring a stable and reliable supply
of electricity, making lightning-induced disruptions with their potential
consequences of power outages and equipment damage highly undesirable. Lightning
arresters in the Above 110 kV segment are purposefully designed to enhance grid
resilience and minimize downtime. Furthermore, the Above 110 kV segment
operates within the framework of stringent regulatory standards and
requirements, reflecting the growing focus of governments and regulatory bodies
in the region on ensuring the reliability and safety of high-voltage electrical
systems. Complying with these standards is of utmost importance and drives the
demand for advanced lightning protection solutions. The Above 110 kV segment
presents significant opportunities for local manufacturing of lightning
arresters tailored to meet the specific needs of the region. Collaborating
through joint ventures and partnerships with international lightning protection
companies can facilitate technology transfer and boost local production
capabilities. Manufacturers and service providers of lightning arresters should
align their solutions with the unique demands of high-voltage applications
while supporting the region's infrastructure development goals.
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Based on class, Distribution Line segment is expected
to grow during the forecast period. Many countries in the region are investing
in the expansion and modernization of their electricity distribution grids.
These projects encompass the installation of new distribution lines and
substations. Lightning arresters play a crucial role in safeguarding these
critical infrastructure components from lightning-induced surges, ensuring grid
reliability. The region is progressively integrating renewable energy sources
into its energy mix. Distribution lines play a vital role in distributing
electricity generated from solar and wind farms to end-users. Lightning
protection measures are imperative to ensure the safe and dependable
transmission of renewable energy. Lightning protection technology has made
significant advancements, resulting in more efficient and durable lightning
arresters. These advancements enhance the effectiveness of lightning protection
in distribution lines while minimizing maintenance requirements. The growing
demand for distribution line lightning protection systems presents
opportunities for local manufacturing. Establishing production facilities in
the region can not only meet domestic demand but also serve neighboring markets
with similar needs. In conclusion, the Distribution Line segment of the Middle
East & Africa Lightning Arrester Market plays an essential role in ensuring
the reliable distribution of electricity to meet the region's growing energy
demands. As grid infrastructure expands, rural electrification efforts
progress, and renewable energy integration continues, the need for effective
lightning protection systems in distribution networks becomes increasingly
significant.
Major companies operating in Middle East & Africa Lightning
Arrester Market are:
- ABB
- DEHN Middle East
- ERICO (A Pentair Company)
- Harger Lightning & Grounding
- A.N. Wallis & Co. Ltd
- Lightning Protection International
- Alconex
- Aplicaciones Tecnológicas SA (AT3W)
- Lightning Eliminators & Consultants,
Inc.
- Eaton
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“Saudi Arabia is expected to dominate the market
during the forecast period.
Saudi
Arabia's oil and gas industry plays a pivotal role in driving the economy. In
this sector, ensuring lightning protection is of utmost importance to mitigate
potentially catastrophic incidents. Lightning arresters are indispensable for
safeguarding oil and gas facilities, pipelines, and storage tanks, making them
an integral part of the industry's safety measures.,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm.
“Middle
East & Africa Lightning Arrester Market Segmented By Material (Polymeric
and Porcelain), By Voltage Rating (Below 35 KV, 35-110 KV and Above 110 KV), By
Class (Transmission Line, Substation and Distribution Line), By Country, By
Competition Forecast & Opportunities, 2018-2028”, has evaluated
the future growth potential of Middle East & Africa Lightning Arrester
Market and provides statistics & information on market size, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Middle East & Africa Lightning
Arrester Market.
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