Surge Arrester Market Report 2026

The surge arrester market size has grown strongly in recent years. It will grow from $2.43 billion in 2025 to $2.62 billion in 2026 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to expansion of power transmission networks, increased electrification of industries, rising incidence of grid disturbances, adoption of lightning protection standards, growth of substation infrastructure.

The surge arrester market size is expected to see strong growth in the next few years. It will grow to $3.51 billion in 2030 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to increasing investments in smart grids, rising renewable energy integration, expansion of electric mobility infrastructure, growing focus on grid resilience, modernization of aging power assets. Major trends in the forecast period include increasing adoption of polymer-based surge arresters, rising demand for high-voltage protection devices, growing integration with smart grid infrastructure, expansion of gis and ais installations, enhanced focus on grid reliability.

The increasing demand for electricity is fueling growth in the market. This rise can be attributed to growing populations and a higher usage of electrical and electronic appliances, particularly in developing countries like China, India, Brazil, and certain African nations. For example, in August 2024, the World Economic Forum, a Switzerland-based non-governmental organization, reported that electricity demand is projected to rise by approximately 4% in 2024, up from 2.5% in 2023. Additionally, the share of renewable electricity sources is expected to grow significantly, from 30% in 2023 to 35% in 2025. Consequently, the increasing demand for electricity is driving growth in the surge arrester market.

Major companies in the surge arrester market are concentrating on developing innovative surge protectors to enhance electrical protection systems, ensuring the safety and reliability of electrical networks for both residential and commercial applications. For example, in June 2024, Belkin International, Inc., a US-based consumer electronics company, launched a new surge protection lineup designed to protect home and office electronics from power surges and spikes. This range includes multiple outlet options, fast charging capabilities, and a comprehensive Connected Equipment Warranty that covers damages up to $70,000 for devices connected to their surge protectors.

In August 2024, CSW Industrials, a US-based company specializing in pre-engineered materials, acquired PSP Products for an undisclosed amount. This acquisition allows CSW Industrials to enhance its market presence and product offerings by incorporating PSP Products' innovative surge protection and load management technologies into its Contractor Solutions segment. PSP Products, Inc. is a US-based manufacturer of surge arresters.

Major companies operating in the surge arrester market are Siemens AG, ABB Ltd, Eaton Corporation plc, General Electric Company, Schneider Electric SE, Hitachi Energy, Mitsubishi Electric Corporation, CG Power & Industrial Solutions Ltd, DEHN SE, Raycap Corporation SA, TE Connectivity Ltd, Phoenix Contact GmbH & Co. KG, Tridelta Meidensha GmbH, Littelfuse Inc, Hubbell Power Systems Inc, Toshiba Corporation, Elpro International Ltd, Lamco Industries Pvt Ltd, CHINT Group, NGK Insulators Ltd.

North America was the largest region in the surge arresters market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the surge arrester market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the surge arrester market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The surge arrester market consists of sales of Silicon Carbide (SiC) Valve-type surge arresters, and metal-oxide surge arresters (MOSA) including gapless, series-gapped, and shunt-gapped. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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