Global surge arrester market size and share is currently valued at USD 1.59 billion in 2022 and is anticipated to generate an estimated revenue of USD 2.59 billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 5.0% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2023 – 2032
Market Overview:
The surge arrester market is experiencing steady growth, driven by the increasing need to protect electrical equipment and systems from transient voltage surges caused by lightning strikes, switching operations, and power disturbances. Surge arresters play a critical role in safeguarding residential, commercial, and industrial infrastructure, ensuring system reliability and minimizing downtime.
The market is witnessing rising adoption across sectors such as power generation, transmission, distribution, and industrial applications. With the expansion of electrical grids, integration of renewable energy, and advancements in smart grids, surge arresters have become essential components in modern electrical systems.
Key Trends in the Surge Arrester Market:
- Adoption of Smart Surge Arresters
The development of smart surge arresters with advanced monitoring capabilities is gaining traction. These systems provide real-time data on surge events, enabling predictive maintenance and improved asset management. - Growth in High Voltage and Extra-High Voltage Surge Arresters
With the increasing focus on high-voltage transmission systems and interconnection of power grids, there is a growing demand for high-voltage and extra-high-voltage surge arresters to protect critical infrastructure. - Integration of Surge Protection in Renewable Energy Systems
Surge arresters are being increasingly integrated into renewable energy systems, such as solar and wind farms, to ensure stable operation and protection against voltage surges caused by fluctuating generation patterns. - Advancements in Material Technologies
The use of advanced materials, such as metal oxide varistors (MOVs), has improved the efficiency and reliability of surge arresters, enabling them to handle higher energy loads with reduced response times.
𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/surge-arrester-market/request-for-sample
Some of the major players operating in the global market include:
- CG Power and Industrial Solutions Ltd.
- Eaton Corporation
- General Electric Company
- Hakel
- Hitachi ABB
- Hubbell Power Systems
- INAEL Electrical Systems
- Legrand
- Mitsubishi Electric
- Schneider Electric
- Siemens Energy
Recent Developments
- November 2021: ICM launched a new comprehensive range of innovative surge protective devices (SPDs) designed for applications in HVAC/R systems, appliances, electrical systems, and pool and spa equipment. The lineup includes single-phase options as well as four configurations for three-phase SPDs, catering to diverse protection needs.
- December 2022: DITEK introduced a digital training platform in partnership with com and The CMOOR Group. This collaboration aims to develop interactive and online training courses, combining expertise to deliver high-quality educational programs for industry professionals.
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:
The Surge Arrester Market segmentation divides the market into several segments. The industry segmentation is primarily based on product type, application, end-use, and geographic factors. Besides, the research study covers several sub-segments of the market. An in-depth examination of each market segment and sub-segment has been provided, covering the industry size, growth prospects, industry drivers, and challenges. The detailed market segmentation helps stakeholders identify the diverse needs of different consumer groups in the market. Also, it pinpoints opportunities for targeted marketing and product development strategies.
Surge Arrester Market, Type Outlook (Revenue – USD Billion, 2019-2032)
- Porcelain
- Polymeric
Surge Arrester Market, Application Outlook (Revenue – USD Billion, 2019-2032)
- GIS
- AIS
Surge Arrester Market, Class Outlook (Revenue – USD Billion, 2019-2032)
- Station Class
- Intermediate Class
- Distribution Class
Surge Arrester Market, End-User Outlook (Revenue – USD Billion, 2019-2032)
- Utilities
- Industries
- Transportation
The surge arrester market is poised for substantial growth, driven by the rising need for electrical infrastructure protection, renewable energy integration, and advancements in material and design technologies. With increasing investments in power grids, smart infrastructure, and industrial systems, surge arresters are becoming an indispensable solution for ensuring electrical safety, system reliability, and operational efficiency.