Surge Arresters - Global Strategic Business Report

The global market for Surge Arresters was estimated at US$1.8 Billion in 2023 and is projected to reach US$2.6 Billion by 2030, growing at a CAGR of 5.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Surge Arresters Market - Key Trends and Drivers Summarized

How Are Surge Arresters Protecting Electrical Systems?

Surge arresters are essential devices that protect electrical equipment and systems from voltage spikes and transient overvoltages caused by lightning strikes, switching operations, or electrical faults. By diverting excess voltage to the ground, surge arresters prevent damage to transformers, substations, transmission lines, and industrial equipment, ensuring operational safety and reliability. These devices are critical in power distribution networks, industrial facilities, and commercial buildings, where electrical systems are exposed to potential overvoltage events. As the demand for reliable power infrastructure grows, surge arresters have become a fundamental component in safeguarding electrical assets and minimizing downtime.

What Are the Key Segments in the Surge Arresters Market?

Key types include polymeric and porcelain surge arresters, with polymeric surge arresters holding the largest market share due to their lightweight, durability, and resistance to environmental factors. Voltage levels cover low, medium, and high voltage, with high-voltage surge arresters representing a significant segment driven by their use in power transmission and substations. End-users include power utilities, industrial facilities, commercial buildings, and transportation infrastructure, with power utilities leading the market as they implement surge protection across transmission lines and substations to ensure reliable electricity supply.

How Are Surge Arresters Integrated Across Power Systems?

In power utilities, surge arresters are installed in substations, transmission lines, and transformers to protect equipment from lightning-induced overvoltages, reducing the risk of outages and equipment failure. In industrial facilities, surge arresters safeguard machinery, control panels, and automation systems from electrical surges, ensuring operational continuity and safety. Commercial buildings also rely on surge arresters to protect electrical systems, HVAC units, and sensitive equipment from transient voltage spikes. Additionally, transportation infrastructure, including railways and airports, uses surge arresters to protect communication systems, signaling equipment, and electrical circuits from potential overvoltage damage.

What Factors Are Driving the Growth in the Surge Arresters Market?

The growth in the Surge Arresters market is driven by several factors, including increasing investments in power infrastructure, industrial automation, and renewable energy projects. Advancements in surge arrester technology, such as improved energy absorption capacity, enhanced material durability, and smart monitoring features, have supported broader applications across power systems and industrial facilities.

The focus on grid reliability and operational safety has further fueled demand, as surge arresters provide effective protection against lightning strikes, switching surges, and other transient overvoltages. Additionally, rising energy consumption, expanding transmission networks, and growing awareness of electrical safety standards have contributed to market growth, encouraging the adoption of surge arresters in diverse settings.

Scope of the Study

The report analyzes the Surge Arresters market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments

Type (Polymeric, Porcelain); Class (Distribution, Intermediate, Station); End-Use (Utilities, Industries, Transportation)

Geographic Regions/Countries

World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Polymeric Surge Arresters segment, which is expected to reach US$1.7 Billion by 2030 with a CAGR of a 5.8%. The Porcelain Surge Arresters segment is also set to grow at 4.7% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $476.0 Million in 2023, and China, forecasted to grow at an impressive 8.5% CAGR to reach $606.2 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Surge Arresters Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Surge Arresters Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Surge Arresters Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players in the Global Surge Arresters Market such as ABB Ltd., Advanced Protection Technologies Inc, CG Power and Industrial Solutions Ltd, Eaton Corporation PLC, Emerson Electric Co. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 37 companies featured in this Global Surge Arresters Market report include:

• ABB Ltd.
• Advanced Protection Technologies Inc
• CG Power and Industrial Solutions Ltd
• Eaton Corporation PLC
• Emerson Electric Co.
• General Electric Company
• Legrand SA
• Leviton Manufacturing Company, Inc.,
• Littlefuse, Inc.
• Mitsubishi Electric Corporation
• Raycap Corporation SA
• Schneider electric SE
• Siemens AG