The Surge Arrester Market is estimated to be valued at USD 2,625.8 million in 2023, expanding at a CAGR of 5.0% from 2023 to 2033. With this steady momentum, the surge arrester industry is anticipated to surpass a valuation of USD 4,277.3 million by 2033.
The growing emphasis on safeguarding electronic devices, equipment, and systems against transient overvoltage events drives the demand for surge arresters across multiple sectors. Manufacturers are increasingly focusing on enhancing the durability and performance of surge arresters, catering to the evolving needs of end users, and ensuring comprehensive protection against sudden voltage surges.
| Attributes | Details |
|---|---|
| Surge Arrester Market Value for 2023 | USD 2,625.8 million |
| Surge Arrester Market Value for 2033 | USD 4,277.3 million |
| Surge Arrester Market Forecast CAGR for 2023 to 2033 | 5.0% |
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The analysis provides a detailed examination of market trends and forecasts spanning short-term, mid-term, and long-term intervals. It focuses on the market's trajectory, emphasizing its notable growth, sales patterns, and evolving demand across specific timeframes, offering insights into the factors driving market dynamics and expansion.
Short-term Analysis of Surge Arrester Market from 2018 to 2022
The surge arrester industry witnessed a notable growth in market value from USD 1,616.3 million in 2018 to 2022.
Mid-term Analysis of Surge Arrester Market from 2023 to 2028
| 2023 | USD 2,625.8 million |
|---|---|
| 2028 | USD 3,351.52 million |
The market is poised for a considerable rise in value from USD 2,625.8 million in 2023 to USD 3,351.52 million in 2028.
Long-term Analysis of Surge Arrester Market from 2028 to 2033
| 2028 | USD 3,351.52 million |
|---|---|
| 2033 | USD 4,277.3 million |
The surge arrester industry is anticipated for a further rise in valuation, reaching USD 4,277.3 million by 2033 from USD 3,351.52 million in 2028.
Principal Consultant
Emergence of Microgrid Systems
The emergence of microgrid systems influences the surge arrester market growth, driving the need for tailored surge protection solutions to ensure the stability and reliability of these decentralized power networks.
Impact of Edge Computing
The surge arrester market is shaped by the impact of edge computing, emphasizing the critical role of surge protection in securing the integrity of edge computing infrastructure and facilitating uninterrupted data processing at the network edge.
Increasing Demand for Surge Protection in 5G Infrastructure
The surge arrester market is experiencing the impact of the expanding 5G infrastructure, highlighting the crucial need for robust surge protection solutions to safeguard the intricate components of 5G networks and ensure uninterrupted high-speed data transmission.
Integration of Artificial Intelligence (AI) in Surge Protection Solutions
The surge arrester market is influenced by the integration of artificial intelligence (AI) in surge protection solutions, emphasizing the role of AI-driven surge protection technologies in predicting and mitigating potential surge-related risks effectively.
Focus on Resilient Surge Protection for Smart Home Devices
The surge arrester market is witnessing a growing focus on resilient surge protection solutions tailored for smart home devices, underscoring the importance of safeguarding interconnected home electronics against potential power surges and voltage fluctuations.
| Attributes | Details |
|---|---|
| Top Product Type | Polymeric |
| Market Share in 2023 | 70.5% |
With a significant market share of 70.5% in 2023, polymeric surge arresters emerged as the leading product type in the surge arrester market. This dominance can be attributed to the superior insulation and durability properties of polymeric materials, ensuring reliable surge protection for a wide range of electrical equipment. Their cost-effectiveness and adaptability further drive the widespread adoption of polymeric surge arresters for diverse industrial and residential applications. This makes them the preferred choice for ensuring stable and secure electrical operations in various sectors.
| Attributes | Details |
|---|---|
| By Class Type | Station Class |
| Market Share in 2023 | 33.1% |
The station class segment held a significant share of 33.1% in 2023, establishing its prominence in the industry. This dominance can be primarily attributed to the exceptional capability of station-class surge arresters to handle high-energy surges and protect critical components within power distribution networks. Their robust design, advanced lightning protection features, and ability to ensure continuous power supply have positioned them as the preferred choice for providing reliable and uninterrupted electrical transmission in utility substations and industrial power distribution systems.
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The section provides a comprehensive analysis of the surge arrester markets in three key regions: North America, Europe, and the Asia Pacific. It specifically highlights the CAGR (2023 to 2033) for each country within these regions, shedding light on the varying growth rates and market dynamics in the global surge arrester industry. Notably, China is anticipated to emerge as a country with lucrative growth prospects, with a CAGR of 7.40% during the forecast period.
| Countries | CAGR (2023 to 2033) |
|---|---|
| United States | 5.10% |
| Canada | 4.80% |
Surge Arrester Industry in the United States
With a robust CAGR of 5.10% from 2023 to 2033, the United States retains a significant position in the North American surge arrester industry.
Surge Arrester Industry in Canada
With a notable CAGR of 4.80% from 2023 to 2033, Canada maintains its relevance within the North American surge arrester industry.
| Countries | CAGR (2023 to 2033) |
|---|---|
| Germany | 6.60% |
| Italy | 5.50% |
| France | 6.30% |
| United Kingdom | 5.80% |
| Spain | 6.20% |
Surge Arrester Industry in Germany
Germany is the leading surge arrester industry in Europe, with a CAGR of 6.60% through 2033, driven by its strong industrial sector and growing renewable energy sector.
Surge Arrester Industry in Italy
Italy, maintaining a significant CAGR of 5.50% from 2023 to 2033, sustains its influence in the Europe surge arrester industry.
Surge Arrester Industry in France
France, demonstrating a substantial CAGR of 6.30% from 2023 to 2033, solidifies its pivotal position in the Europe surge arrester industry.
Surge Arrester Industry in the United Kingdom
The United Kingdom, exhibiting a notable CAGR of 5.80% from 2023 to 2033, presents diverse growth opportunities within the Europe surge arrester industry.
Surge Arrester Industry in Spain
Spain contributed significantly to the Europe surge arrester industry with a substantial CAGR of 6.20% from 2023 to 2033.
| Country | CAGR (2023 to 2033) |
|---|---|
| China | 7.40% |
| India | 6.80% |
| Japan | 6.50% |
| ASEAN | 6.80% |
| Australia and New Zealand | 7.20% |
Surge Arrester Industry in China
China, leading with a robust CAGR of 7.40% from 2023 to 2033, is a focal point in the Asia Pacific surge arrester industry.
Surge Arrester Industry in India
India, maintaining a notable CAGR of 6.80% from 2023 to 2033, demonstrates significant potential in the Asia Pacific surge arrester industry.
Surge Arrester Industry in Japan
Japan, exhibiting a substantial CAGR of 6.50% from 2023 to 2033, contributes significantly to the Asia Pacific surge arrester industry.
Surge Arrester Industry in ASEAN
ASEAN is projected to be a promising surge arrester market with a notable CAGR of 6.80% from 2023 to 2033.
Surge Arrester Industry in Australia and New Zealand
Australia and New Zealand (Australia and New Zealand), demonstrating a notable CAGR of 7.20% from 2023 to 2033, offer promising growth prospects
The competition in the surge arrester industry is high, with companies vying for dominance and technological supremacy. Leading companies are focused on strategic initiatives, including product innovation, mergers and acquisitions, and partnerships, to strengthen their market position and meet the evolving surge protection needs.
These key players, along with several other prominent companies, are catering to the increasing demand for robust and reliable surge protection solutions across various sectors and regions.
Recent Developments in the Surge Arrester Industry:
The surge arrester market is projected to expand at a CAGR of 5.0% between 2023 and 2033.
The polymeric segment dominates the surge arrester market.
The top 3 surge arrester producers are Siemens AG, ABB AG, and Schneider Electric SE.
The surge arrester market is anticipated to surpass USD 4,277.3 million by 2033.
The increasing need for robust power grid protection and the rise in power infrastructure investments.
The surge in infrastructure modernization initiatives is a key factor contributing to the rising sales of station-class surge arresters.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Polymeric 5.2. Porcelain 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 6.1. Utilities 6.2. Industries 6.3. Transmission 6.4. Transportation 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. AIS 7.2. GIS 7.3. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Voltage 8.1. Medium 8.2. High 8.3. Very High 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Class 9.1. Secondary Class 9.2. Distribution Class 9.3. Intermediate Class 9.4. Station Class 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 10.1. North America 10.2. Latin America 10.3. Western Europe 10.4. Eastern Europe 10.5. South Asia and Pacific 10.6. East Asia 10.7. Middle East and Africa 11. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 18. Key Countries Market Analysis 19. Market Structure Analysis 20. Competition Analysis 20.1. Hitachi ABB Power Grids 20.2. Siemens Energy 20.3. General Electric (GE) 20.4. Eaton 20.5. Hubbell 20.6. TE Connectivity 20.7. Toshiba 20.8. NGK Insulators 20.9. Schneider Electric 20.10. Mitsubishi Electric 21. Assumptions & Acronyms Used 22. Research Methodology
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Surge Arrester Market
