The surge arrester market has witnessed significant growth in recent years, driven by the increasing need for protection against voltage surges and transient overvoltages in electrical systems. Surge arresters, also known as lightning arresters, are devices designed to divert excessive electrical energy caused by lightning strikes or switching operations away from sensitive equipment, thereby preventing damage and ensuring the reliability of electrical systems.

The global surge arrester market size was USD 1.66 Billion in 2022 and is expected to register a steady revenue CAGR of 4.7% during the forecast period, according to latest analysis by Emergen Research. One of the key drivers of the surge arrester market is the growing demand for reliable power supply. With the increasing reliance on electronic devices and sensitive equipment in various industries, any disruption or damage caused by voltage surges can result in significant financial losses. Surge arresters provide an effective solution to protect against such surges, ensuring uninterrupted power supply and minimizing downtime.

Another driver of the market is the increasing investments in infrastructure development. As countries invest in the expansion and modernization of their power transmission and distribution networks, the need for surge protection devices becomes crucial. Surge arresters play a vital role in safeguarding critical infrastructure, such as power plants, substations, and industrial facilities, from voltage surges that can cause equipment failure and system breakdowns.

However, the surge arrester market also faces certain restraints. One of the major challenges is the high cost associated with surge protection devices. Surge arresters require advanced technologies and high-quality materials to effectively divert and dissipate electrical energy. The cost of these components, along with the installation and maintenance expenses, can be a barrier for some end-users, particularly in developing regions with limited financial resources.

Furthermore, the surge arrester market is influenced by the regulatory landscape and standards. Governments and regulatory bodies impose strict guidelines and standards to ensure the safety and reliability of electrical systems. Compliance with these regulations can pose challenges for manufacturers, as they need to invest in research and development to meet the required specifications. Additionally, the market is also affected by the availability of counterfeit surge arresters, which can compromise the effectiveness of surge protection and pose risks to electrical systems.

Factors influencing the growth of the Surge Arrester market and impacting the growth of the industry are studied extensively in the report. The report considers the COVID-19 pandemic as one of the key influencing factors of the Surge Arrester market. The report discusses in detail the positive and negative impact of the pandemic on the Surge Arrester industry. The supply chain disruptions and economic volatility have altered the dynamics of the Surge Arrester industry. The report explores the effects of the pandemic on the market and its key segments and regions. It also offers a forecast estimation of the market growth in a post-COVID-19 scenario. 

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Competitive Outlook: The leading companies operating in the Surge Arrester market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.

Top Companies Operating in the Surge Arrester Market and Profiled in the Report are:

Hitachi Energy Ltd., Emerson Electric Co., Siemens, Schneider Electric, General Electric, Eaton, Wilson Transformers, Mitsubishi Electric Corporation, Bharat Heavy Electricals Limited, CG Power & Industrial Solutions Ltd., HPL, Toshiba Corporation, and Hubbell

Objectives of the Report:

Study of the global Surge Arrester market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)

Industrial structure analysis of the Surge Arrester market by identification of various sub-segments

Extensive analysis of key market players along with their SWOT analysis

Competitive landscape benchmarking

Analysis of Surge Arrester market based on growth trends, futuristic outlook, and contribution to the total growth of the market

Analysis of drivers, constraints, opportunities, challenges, and risks in the global Surge Arrester market

Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances

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Segments Covered in this report are:

 

  • Type Outlook (Revenue, USD Billion; 2019-2032)

    • Station Class Surge Arresters
    • Intermediate Class Surge Arresters
    • Distribution Class Surge Arresters

  • Technology Mode Outlook (Revenue, USD Billion; 2019-2032)

    • Metal-Oxide Varistors (MOV)
    • Silicon Avalanche Diodes (SAD)
    • Gas Discharge Tubes (GDT)
    • Others

  • Voltage Rating Outlook (Revenue, USD Billion; 2019-2032)

    • Low Voltage (Below 1 kV)
    • Medium Voltage (1 kV - 72.5 kV)
    • High Voltage (Above 72.5 kV)

Regional Segmentation:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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