Press Release

Middle East and Africa Lightning Arrester Market to Cross $ 130 Million by 2024

Technological advancements and rapid industrialization to bolster Middle East & Africa lightning arrester market through 2024

According to a report published by TechSci Research on Middle East & Africa Lightning Arrester Market By Material, By Voltage Rating, By Class, By Country, Competition, Forecast & Opportunities, 2024”, Middle East & Africa lightning arrester market is projected to reach $138 million by 2024, on the back of huge capital expenditure on electric network and infrastructure upgrading process across the region. Moreover, investments in smart grids and energy systems, need to reduce equipment failure caused by frequent voltage spikes, and aging power infrastructure are expected to positively influence lightning arrester market across the region during forecast period.

Browse 5 market data Tables and 29 Figures spread through 70 Pages and an in-depth TOC on " Middle East & Africa Lightning Arrester Market "

In terms of class, Middle East & Africa lightning arrester market has been categorized into transmission line, substation and distribution line. Of which, distribution category is anticipated to be the largest segment in the market, owing to increasing number of distribution lines in the region. With growing demand for power in MEA countries, high investments in power capacity are needed to meet the demand, which, in turn, is driving the growth of distribution category. Based on country, the region’s lightning arrestor market has been segmented into Saudi Arabia, South Africa, UAE, Kuwait, Ethiopia and Egypt. Among these countries, Saudi Arabia accounted for the dominating share in the region’s lightning arrestor market in 2018, owing to increasing industrialization in the country. Moreover, backed by surging power demand, the country is heavily investing in its power generation capacity, further contributing to the growth of lightning arrester market. Additionally, the country is witnessing huge investments in smart city developments, which in turn would drive Saudi Arabia lightning arrester market in coming years.

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“Middle East & Africa, a growing region for power generation, would need additional capacity to meet its economic ambitions. Saudi Arabia, South Africa, UAE and Kuwait are expected to remain the top attractive power sector destinations in the MEA region in the coming years. The MEA power sector is transforming as governments are working towards developing power sector in many countries of MEA region. Factors such as population growth, expanding economy, and climatic changes are increasing power demand in the MEA countries, which in turn would boost the demand for lighting arresters during the forecast period.” said, Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Middle East & Africa Lightning Arrester Market By Material, By Voltage Rating, By Class, By Country, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of lightning arrester market and provides statistics and 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.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.


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