Home > Energy & Power > Electrical Equipment > Surge Arrester > Polymer Surge Arrester Market
Polymer Surge Arrester Market Size
- Report ID: GMI7587
- Published Date: Dec 2023
- Report Format: PDF
Polymer Surge Arrester Market Size
Polymer Surge Arrester Market was valued at USD 800 million in 2023 and is anticipated to grow at a CAGR of over 5.5% from 2023 to 2032, on account of the increasing demand for reliable and efficient power transmission and distribution systems has been a major factor propelling market growth. Growing industrialization and urbanization have fueled the need for reliable power supply across the newly constructed infrastructure. As industries and households alike rely heavily on uninterrupted electricity supply, the need for robust surge protection devices like polymer surge arresters has surged.
Moreover, technological advancements in polymer materials have led to the development of more durable, lightweight, and cost-effective surge arresters, making them increasingly attractive for utilities and infrastructure developers. Additionally, the rising awareness regarding the protection of electrical equipment from voltage spikes and surges, coupled with stringent safety regulations mandating the use of surge protection devices, has further fueled the market expansion.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Polymer Surge Arrester Market Size in 2023: | USD 843.6 Million |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 5.7% |
| 2032 Value Projection: | USD 1.4 Billion |
| Historical Data for: | 2019 to 2023 |
| No. of Pages: | 485 |
| Tables, Charts & Figures: | 641 |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
Polymer Surge Arrester Market Scope
