Market Size for Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V in Ghana - 2022
Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V Consumption in Ghana - 2022
After two years of growth, consumption of lightning arresters, voltage limiters and surge suppressors for over 1000 v decreased by -19.5% to 515K units in 2022. Overall, the total consumption indicated a prominent expansion from 2017 to 2022: its volume increased at an average annual rate of +15.7% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Consumption of peaked at 640K units in 2021, and then contracted notably in the following year.
The size of the market for lightning arresters, voltage limiters and surge suppressors for over 1000 v in Ghana rose markedly to $2.5M in 2022, picking up by 11% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a significant expansion. As a result, consumption reached the peak level of $2.6M. From 2019 to 2022, the growth of the market remained at a lower figure.
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