Home > Energy & Power > Electrical Equipment > Surge Arrester > Surge Arrester Market

Surge Arrester Market Share

Report ID: GMI2544
Published Date: May 2023
Report Format: PDF

Download Free Sample

Surge Arrester Market Share

Prominent players in the surge arrester market are placing significant emphasis on scaling up their manufacturing capabilities and making substantial investments in research and development. Their primary objective is to develop cutting-edge protection and control technologies. To keep pace with the increasing demand for seamless product integration, the market players are also expanding their manufacturing facilities. These strategic initiatives have become crucial in shaping the competitive landscape of the industry. Notable companies operating in the business landscape are:

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

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of surge arrester surpassed USD 1.7 billion in 2023 and is estimated to expand at 5.2% CAGR from 2024 to 2032, attributed to rising electricity demand from power and heavy industries, as well as commercial facilities.

The residential & commercial application segment witnessed an annual installation of over 6.5 million units in 2022 and will note installations over 15 million units in 2032, on account of growing focus on integrating extensive frequency distribution networks, coupled with escalating concerns regarding over-voltages.

Asia Pacific surge arrester industry is poised to attain 4.5% gains during 2023-2032, owing to soaring population resulting in growing reliable electricity demand, in consort with strong government support for T&D refurbishment projects.

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