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Low Voltage Surge Arrester Market Share

Report ID: GMI5871
Published Date: May 2023
Report Format: PDF

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Low Voltage Surge Arrester Market Share

Major low voltage surge arrester manufacturers are boosting their production statistics to gain a bigger customer base around the globe. These companies are engaging in collaboration with raw material and component manufacturers to further gain a competitive edge in the industry. Players are also involved in acquisition of small provincial players to increase their presence in world economies and further augment their expertise in the industry. Key players include

TE Connectivity
ABB
Surgetek
General Electric
Eaton, Hubbell
Izoelektro
INAEL S.A.
CHINT Group
Siemens Energy
DEHN SE
Ensto
CG Power & Industrial Solutions Ltd.
Elpro
TDK Electronics AG.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of low voltage surge arrester crossed a valuation of USD 451.3 million in 2023 and will register 6.1% CAGR during 2024 to 2032 led by the rising demand for electricity across various sectors, backed by population growth, urbanization, and industrialization.

The low voltage surge arrester industry size from residential & commercial application is expected to surpass USD 680 million by 2032, owing to the increasing emphasis on incorporating comprehensive frequency distribution networks, along with rising concerns related to overvoltage.

Asia Pacific low voltage surge arrester sector will observe 5% growth through 2032, on account of gradual rise in electricity demand with population boom, along with growing emphasis on improving the quality & reliability of power systems.

TE Connectivity, ABB, Surgetek, General Electric, Eaton, Hubbell, Izoelektro, INAEL, S.A., CHINT Group, Siemens Energy, DEHN SE, Ensto, CG Power & Industrial Solutions Ltd., Elpro, TDK Electronics AG.