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Europe Surge Arrester Market Size

  • Report ID: GMI7016
  • Published Date: Oct 2023
  • Report Format: PDF

Europe Surge Arrester Market Size

Europe Surge Arrester Market was valued at over USD 412.9 million in 2023 and is projected to grow at a CAGR of over 5.8% between 2024 and 2032. The increasing emphasis on modernizing and upgrading the region's electrical infrastructure to enhance grid reliability and stability has fueled the demand for surge arresters. With growing urbanization and the integration of renewable energy sources, there is a greater need to protect sensitive electrical equipment and systems from voltage surges and transient over voltages. As per Eurostat, renewable energy consisted of the highest share of 41% in energy production and 38% in electricity production in 2021.

 

Europe Surge Arrester Market

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The surge arrester market benefits from advancements in technology, particularly in the development of more efficient and reliable surge protection solutions. The increasing adoption of polymer-based surge arresters, which offer superior performance and durability, contributes to market growth. Furthermore, Europe's focus on renewable energy integration, particularly in countries like Germany and Spain, has led to the need for surge protection solutions to safeguard the growing number of solar and wind installations.

 

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market valuation of surge arrester in Europe was exceeded USD 412.9 million in 2023 and is projected to grow at a CAGR of over 5.8% through 2032.

Polymer based surge arresters held a market value of over USD 190 million in 2022 and will register a CAGR of over 6.5% through 2032, owing to the increasing emphasis on environmental sustainability.

The UK surge arrester industry is anticipated to grow at a CAGR of over 5% through 2032, on account of the increasing need for grid stability and the protection of critical infrastructure across the nation.

TE Connectivity, ABB, General Electric, CG Power & Industrial Solutions Ltd., Eaton, Siemens Energy, Hubbell, INAEL, S.A., CHINT Group, DEHN SE, and Ensto among others.

Europe Surge Arrester Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 19
  • Tables & Figures: 263
  • Countries covered: 5
  • Pages: 235
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