Residential Surge Arrester Market Analysis

Residential Surge Arrester Market Analysis

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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.