Metal Oxide Lightning Arrester Market Size, Share, Growth, and Industry Analysis, Segmentation By Type (Polymer MOA and Porcelain MOA), By Application (Power System, Transmission System, Distribution System, Substation System and Others), Regional Insights and Forecast From 2025 To 2033

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METAL OXIDE LIGHTNING ARRESTER MARKET OVERVIEW

Global metal oxide lightning arrester size was estimated at USD 1.87 billion in 2024 and expected to rise to USD 2.87 billion by 2033, experiencing a CAGR of 4.9% during the forecast period.

Metal oxide lightning arrester (MOV arrester) is a type of protection device used in power systems to protect equipment and infrastructure from the harmful effects of lightning strikes and transient surges. Surge arrester technology has evolved over the years, and MOV lightning arresters have become a popular choice due to their efficiency and reliability.

COVID-19 IMPACT

Pandemic Driven Project Delays Causing Demand Fluctuations Descended the Market Growth 

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

Infrastructure projects, including those related to electrical systems and substations, may experience delays and slowdowns due to closures and work stoppages, which may impact demand for lightning rod installations. Macroeconomic downturns due to the pandemic may have affected investment decisions and led to fluctuations in demand for lightning rod products. Uncertainty about the future may have affected project planning and budget allocation.

LATEST TRENDS

Advancements in Varistor Technologies with Maintenance Free Designs to Louden the Market Shares

The goal of ongoing research and development has been to advance varistor technologies such as those found in metal oxide lightning arresters through advancement. This includes advancements to improve these devices' overall performance, reaction speed, and capacity to handle surges. There has been a trend in the market for maintenance-free lightning protection technologies. Because of their reputation for requiring little upkeep, metal oxide lightning arresters are appealing for locations where continuous maintenance can be difficult.

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METAL OXIDE LIGHTNING ARRESTER MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into polymer MOA and porcelain MOA.

• Polymer MOA (Polymeric MOA): Polymeric materials, which are frequently mixes of silicone rubber or ethylene propylene diene monomer (EPDM) rubber, are used to make polymer MOAs. Compared to porcelain, these materials are lightweight and offer superior electrical insulation. Since polymer MOAs are often lighter than their porcelain equivalents, handling and installation of them is made simpler. Materials made of polymeric materials are more resistant to environmental elements like pollution and corrosion. Polymers' flexibility makes it possible to create more complex and streamlined designs.

• Porcelain MOA: Porcelain is the most common material used to create porcelain MOAs. For many years, electrical components have been insulated with porcelain. Because porcelain has a great mechanical strength, the arrester is sturdy and long-lasting. Porcelain is resistant to heat and has strong thermal stability. The extended service life of porcelain MOAs is well recognized.

By Application

Based on application the global market can be categorized into power system, transmission system, distribution system, substation system and others.

• Power System: MOAs are used to assist control voltage levels in power systems. Voltage fluctuations can be caused by lightning strikes and other high-energy surges. MOAs offer a way to direct surplus energy to the ground, which stabilizes the voltage.

• Transmission System: To guard against surges caused by lightning, MOAs are frequently placed on high-voltage transmission lines. To stop overvoltages from reaching the transmission lines and harming transformers and other equipment, these arresters are positioned strategically along the lines.

• Distribution System: MOAs are used in distribution systems to protect overhead wires and related equipment from lightning strikes, much as transmission lines. They stop temporary overvoltages from passing via the distribution system.

• Substation System: To shield transformers at substations against lightning strikes, MOAs are placed on the high-voltage side of the transformers. Transformers are important parts, and the dependability of the substation and the entire power system depends on protecting them. MOAs are used to prevent overvoltages on switchgear, circuit breakers, and other substation equipment. During lightning strikes or switching activities, they direct extra energy away from delicate components.

• Others: MOAs are used to shield electrical equipment from switching surges and lightning in a variety of industrial applications. This covers factories, refineries, and other establishments that employ delicate electrical machinery. MOAs and other lightning protection techniques are frequently used in wind farms and solar power facilities in order to preserve the integrity of the electrical infrastructure and guard against costly equipment damage.

DRIVING FACTORS

Surging Protection in High Voltage Systems and Lightning Protection Requirements to Raise High the Market Demand

Metal Oxide Lightning Arresters are made expressly for protecting equipment and electrical systems from lightning strikes' harmful effects. The usage of MOAs in power networks is mostly motivated by the requirement for efficient lightning protection. Voltage surges can be caused by switching activities, lightning, or other disruptions in high-voltage transmission and distribution networks. In order to minimize insulation failure, ensure equipment integrity, and provide surge protection, MOAs are essential.

Regulatory Standards and Compliance Subjected to Sensitive Electronic Components to Electrify the Market Growth

One motivating element is adherence to local, state, federal, and international lightning protection standards and laws. Power systems that comply with these standards are guaranteed to fulfill safety and performance criteria. The requirement for efficient surge protection is rising as sensitive electronic equipment is used in more commercial and industrial applications. An essential component of the entire plan for safeguarding such equipment is MOAs. Key components like transformers, circuit breakers, and switchgear are shielded against transient overvoltages by MOAs. Expensive electrical equipment needs this protection to be dependable and long-lasting.

RESTRAINING FACTOR

Finite Energy Handling Capacity and Voltage Limitations to Decrease the Market Sales

MOAs can handle brief overvoltages well, but their ability to handle energy is limited. MOAs may be limited in situations involving repeated surges, exceptionally high-energy lightning strikes, or prolonged overvoltages. It could be necessary to use extra protection gear in certain circumstances. MOAs are made to function within the voltage ratings that they have been assigned. Overvoltage can result in malfunction or decreased efficiency. It is important to choose MOAs carefully, making sure they have the right voltage rating for the intended use. Hence, such factors are expected to hinder the metal oxide lightning arrester market growth during the forecast period.

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METAL OXIDE LIGHTNING ARRESTER MARKET REGIONAL INSIGHTS

Asia Pacific with High Level of Industrialization and Region Prone to Severe Weather Conditions to Lead the Market Share

The market is primarily segregated into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.

Asia Pacific region dominated the metal oxide lightning arrester market share in the forecasted period. The advent of industrialization, the prevalence of the power infrastructure, and the frequency of lightning activity in various areas all have an impact on the adoption of metal oxide lightning arresters. Strong lightning protection systems are frequently more in demand as certain areas in Asia Pacific region are vulnerable to extreme weather, including thunderstorms and lightning. Metal Oxide Lightning Arresters and other lightning protection devices are frequently used extensively in areas with substantial power transmission and distribution networks, essential infrastructure, and sensitive electronic equipment. With a market share of more than a quarter, China is the largest market, demonstrating the Asia Pacific region's dominance in the industry.

KEY INDUSTRY PLAYERS

Key Industry Players Shaping the Market through Innovation and Market Expansion

Important industry players have a big impact on the market and are crucial in determining customer preferences and market dynamics. These major firms provide consumers easy access to a vast array of clothing alternatives through their huge retail networks and online platforms. Product adoption has increased as a result of their strong worldwide presence and well-known brand, which has also enhanced consumer trust and loyalty. These industry titans also consistently fund R&D, bringing cutting-edge designs, materials, and clever features to metal oxide lightning arrester to meet changing customer demands and preferences. These big businesses' combined efforts have a big impact on the market's future direction and level of competition.

List of Top Metal Oxide Lightning Arrester Companies

• Hitachi Energy (Switzerland)
• Hubbell (U.S.)
• Toshiba (Japan)
• Eaton Cooper (Ireland)
• Siemens (Germany)
• GE Grid Solutions
• Lamco Industries (India)
• Shreem Electric (India)
• Ensto (Finland)
• CG Power (India)
• PG Toshiba (Langfang) Arrester (Japan)
• China XD Group (China)
• JinGuan Electric (China)

INDUSTRIAL DEVELOPMENT

• July 2020:  Hitachi Ltd. purchased 80.1% of ABB's power grid business, which resulted in the establishment of Hitachi ABB Power Grids. In October 2021, Hitachi ABB Power Grids changed its name to Hitachi Energy. It was confirmed in December 2022 that Hitachi had bought the remaining 19.9% of ABB Ltd.'s shares.

REPORT COVERAGE

The report includes a thorough SWOT analysis and offers predictions for market growth in the future. It explores a broad range of market categories and possible applications that might have an impact on the market's trajectory in the upcoming years, as well as key aspects that contribute to the market's growth. The research provides a comprehensive overview of the market's components and identifies possible growth opportunities by taking into account both historical turning points and present trends.