Residential Surge Arrester Market Size - By Voltage (<120 V, 120 V to 240 V, >240 V), By Material (Polymer, Porcelain), Global Forecast, 2024 – 2032

Residential Surge Arrester Market Size

Residential Surge Arrester Market was valued at USD 136 million in 2023 and is projected to register over 5% CAGR between 2024 and 2032. The increasing reliance on electronic devices and appliances in households, coupled with the growing adoption of smart home technologies, has heightened the susceptibility of residential electrical systems to voltage spikes and surges. As consumers invest in expensive and sensitive electronic equipment, the demand for surge protection solutions has surged to safeguard these assets.
 

The rising frequency and intensity of extreme weather events, such as lightning storms, contribute to the need for robust surge protection in residential areas. Moreover, the ongoing urbanization and infrastructure development globally have led to the expansion of residential complexes and communities, creating a larger market for surge arrester installations.
 

COVID-19 Impact

The COVID-19 pandemic has had a mixed impact on the residential surge arrester market. While initial disruptions in the supply chain and construction activities slowed market growth, the increased focus on home infrastructure during lockdowns, coupled with a surge in remote work, has heightened awareness about the need for robust electrical protection. This shift in consumer behavior, along with a growing emphasis on home safety and technology investments, has positively influenced the residential surge arrester market, driving demand for surge protection solutions in households.
 

Residential Surge Arrester Market Trends

In the residential surge arrester business, several noteworthy trends are shaping the industry landscape. There is a discernible shift towards smart surge protection solutions, integrating advanced technologies such as IoT connectivity and remote monitoring capabilities. This allows homeowners to proactively manage and monitor their electrical systems. Furthermore, the increasing integration of surge protection into smart home ecosystems is becoming prevalent, providing seamless connectivity and automation. As homes become more technologically advanced, the residential surge arrester market is responding with innovative, integrated surge protection solutions that align with the evolving needs of modern homeowners, driving the market towards a more connected and sustainable future.

Integration of smart grid and smart metering technology further drives the demand for surge protection devices across homes. Smart meters enable more precise monitoring and control of electricity consumption in households, contributing to heightened awareness of potential electrical vulnerabilities. As smart homes become increasingly prevalent, the integration of surge protection solutions within these advanced networks becomes imperative, fostering a parallel growth trajectory for the residential surge arrester market. The investment in smart grid infrastructure enhances the overall resilience and reliability of residential electrical systems, creating a conducive environment for surge arrester adoption.
 

Residential Surge Arrester Market Analysis

The <120V surge arresters market was worth over USD 80 million in 2023 and is projected to surpass USD 120 million by 2032, attributed to the expanding array of low-voltage electronic devices and appliances integrated into modern homes. With the increasing prevalence of smart home technologies, energy-efficient appliances, and electronic gadgets requiring lower voltage levels, there is a heightened need for tailored surge protection solutions. The surge arrester market below 120V rating is thriving as consumers recognize the importance of safeguarding their sensitive and lower-voltage electronic equipment from transient voltage spikes.
 

The polymer material segment exceeded USD 65 million in 2023 and is predicted to showcase about 5% CAGR through 2032. Polymer surge arresters have become increasingly popular due to their numerous advantages in residential applications. The lightweight and flexible nature of polymer materials makes these surge arresters easier to handle and install, catering to the preferences of homeowners and installers alike. As modern households continue to integrate advanced technologies and smart home devices, the versatility and efficiency of polymer surge arresters position them as a preferred choice, contributing to the overall market growth.
 

Asia Pacific residential surge arrester market is likely to reach USD 70 million by 2032, due to the rapid urbanization and increasing population density have led to a surge in residential construction and infrastructure development, creating a heightened demand for surge protection solutions. Additionally, the growing middle-class population and the expanding adoption of electronic devices and appliances in households contribute to the need for effective surge mitigation. The rising frequency of extreme weather events, such as typhoons and lightning storms, further underscores the importance of resilient electrical systems, boosting the demand for surge arrester installations.
 

As cities undergo digital transformation, there is an increased focus on ensuring the reliability and resilience of electrical infrastructure within residential areas. The demand for surge arrester installations is expected to rise in tandem with the development of smart cities, as the initiative underscores the importance of safeguarding homes and electronic devices from potential electrical surges, thereby contributing to the market expansion in India.
 

Residential Surge Arrester Market Share

ABB stands out as a key leader in the residential surge arrester market. Renowned for its global presence and innovative solutions, ABB consistently demonstrates a commitment to advancing surge protection technology. With a comprehensive product portfolio and a reputation for reliability, ABB plays a pivotal role in meeting the evolving surge protection needs of residential applications worldwide, contributing significantly to the overall growth and development of the market.
 

Residential Surge Arrester Market Companies

Some of the key players operating across the residential surge arrester industry are:

• ABB
• CHINT Group
• DEHN SE
• DITEK, Inc.
• Eaton
• Elpro
• Ensto
• General Electric
• Hager Group
• Littelfuse, Inc.
• Raycap
• Schneider Electric
• Siemens
• Surgetek
• TDK Electronics AG
   

Residential Surge Arrester Industry News

• In June 2023, Raycap introduced the ProTec PV Box 7y, a surge protection device designed specifically for PV power systems and electric vehicle charging stations. Distinguishing itself as the most compact three-string solution currently available in the market, it offers a significant benefit for installing solar panels on rooftops with space constraints. Its standout feature lies in its simplified installation process, enabling effortless string installation without the requirement for tools. This is made possible through user-friendly features such as push-in connections, cable bushings, and MC4 connectors.
   
• In January 2019, Eaton entered into a definitive agreement for the acquisition of Ulusoy Elektrik, a Turkish switchgear manufacturer. This strategic move is poised to reinforce Eaton's electrical equipment portfolio, extending its capacity to offer comprehensive medium-voltage solutions. The acquisition not only adds a high-capacity and competitive manufacturing facility but also grants access to the medium-voltage market in Africa, Europe, and the Middle East. By incorporating Ulusoy Elektrik into its operations, Eaton aims to enhance its capabilities and presence in the evolving electrical equipment sector.
   

This residential surge arrester market research report includes an in-depth coverage of the industry with estimates & forecast in terms of units and revenue in Units and USD Million from 2019 to 2032, for the following segments:

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Market, By Voltage

• <120 V
• 120V to 240 V
• >240 V

Market, By Material

• Polymer
• Porcelain

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
• Latin America
  • Brazil
  • Argentina