A surge arrester is a protective device used for mitigating voltage surges in electrical systems. Its core function is to redirect excess electrical energy, safeguarding sensitive equipment from potential damage. Key advantages of using surge arresters include efficient voltage absorption and dissipation, ensuring the reliability of connected devices. Globally, the growing demand for surge arresters is driven by factors such as increased reliance on electronic devices across sectors, rising occurrences of severe weather events, and technological advancements integrating surge protection solutions. As industries are focusing on safeguarding their electrical infrastructure, the surge arrester market will continue to grow globally. Additionally, the priority to secure an uninterrupted power supply further contributes to the heightened demand for surge arresters.
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Globally, the ownership of electronic devices and home appliances is significantly growing such as smartphones, computers, smart appliances, and home automation systems among others which also drive demand for surge arresters to prevent damage from power surges and fluctuations. Additionally, the growing adoption of residential renewable energy resources and smart home technologies such as IoT devices are further driving demand for surge arresters in residential applications. According to the 2022 report by the International Energy Agency, Next to utility-scale installations, distributed applications on buildings are contributing significantly to Photovoltaic (PV) use of around 40% globally. The number of households relying on solar PV will grow from 25 million in 2022 to more than 100 million by 2030 in the Net Zero Emissions by 2050 Scenario.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global surge arrester market by voltage
- Low Voltage
- Medium Voltage
- High Voltage
Global surge arrester market by application
- Industrial
- Commercial
- Residential
Global surge arrester market by class
- Distribution Class
- Intermediate Class
- Station Class
Company Profiles
- Emerson Electric Co.
- General Electric Company (GE)
- HAKEL spol. s r.o.
- Hitachi Ltd
- Hubbell Incorporated
- Lamco Industries Pvt Ltd
- Legrand S.A
- Leviton Manufacturing Co., Inc.
- MEIDENSHA CORPORATION
- Mitsubishi Electric Corporation
- NGK INSULATORS, LTD.
- Raycap Inc.
- Schneider Electric SE
- Siemens AG
- TE Connectivity Corporation
- Toshiba Corporation
- Vertiv Group Corp.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the surge arrester market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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