Low Voltage Surge Arrester Market Analysis

Low Voltage Surge Arrester Market Analysis

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The polymer-based surge arresters industry is poised to attain 6.5% gains during 2023 to 2032. Polymer surge arresters are advanced systems consisting of a rubber exterior and metal oxide varistor discs bound together by a strength member. The inclusion of a rubber housing in the polymer design significantly enhances hydrophobicity and equipment protection. These surge arresters offer outstanding mechanical resistance, ease of handling during transportation and installation, space-saving benefits, and reduced weight compared to alternative options available. Polymer surge arresters are increasingly becoming the preferred choice over traditional porcelain systems, owing to their superior performance and suitability for high voltage applications.
 

The residential and commercial sectors reached USD 350 million in 2022 and is will garner USD 680 million revenues in 2032. The increasing emphasis on incorporating comprehensive frequency distribution networks, along with rising concerns related to overvoltages, is set to boost the low voltage surge arrester market growth in residential and commercial environments. With a growing urbanization trend and expansion in the commercial sector, there is a higher rate of surge arrester installations globally. Governments across all regions are actively renovating existing power grids to tackle the frequent occurrence of power outages resulting from lightning impulses, voltage spikes, and internal system faults.
 

In addition, rising population coupled increasing deployment of electrical appliances and equipment in these residential & commercial establishments will drive the need for reliable instruments to protect the devices during power surges, thus boosting the market penetration worldwide.
 

Asia Pacific low voltage surge arrester market is estimated to observe 5% growth rate between 2023 and 2032 on account of the gradual rise in electricity demand, due to the substantial rise in population over the last decade. Growing emphasis on improving the quality and reliability of power systems in the region further poses as a major market driver. Furthermore, the strict regulatory standards and electrical safety norms in the region also contribute to the rise in product deployment. Governments and regulatory authorities require the installation of surge protection devices to comply with safety regulations and protect electrical infrastructure, which in turn enhances the business landscape in the regional countries.