Surge Arrester Market Size to Hit USD 4,277.3 Million by 2033, Fueled by Electrification, Industrial Growth & Renewables

The surge arrester market is set for significant growth, driven by increased electrification, industrial expansion, and renewable energy integration worldwide.

NEWARK, DE, UNITED STATES, January 22, 2025 /EINPresswire.com/ -- The global surge arrester market, estimated to be worth USD 2,625.8 million in 2023, is anticipated to increase at a consistent compound annual growth rate (CAGR) of 5.0% to reach USD 4,277.3 million by 2033. This growth trajectory highlights how essential surge arresters are to maintaining the security and dependability of electrical networks around the globe. The surge arrester market would see a significant boost over the next ten years from increasing investments into T&D networks, growing industrialization, and the global push to integrate renewable sources of energy.

𝐓𝐡𝐞 𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐜𝐞 𝐨𝐟 𝐒𝐮𝐫𝐠𝐞 𝐀𝐫𝐫𝐞𝐬𝐭𝐞𝐫𝐬 𝐟𝐨𝐫 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜𝐚𝐥 𝐍𝐞𝐭𝐰𝐨𝐫𝐤𝐬:

Surge arresters are essential parts of contemporary electrical systems that shield devices from brief voltage spikes brought on by lightning strikes, switching activities, or other disruptions. The stability and durability of electrical infrastructure are guaranteed by their installation in substations, transmission lines, and other network components. The need for surge arresters keeps growing as electrification projects spread quickly, especially in Asia-Pacific (APAC) areas.

Electrification projects are rapidly expanding in nations like China and India due to rising energy consumption and industrialization. Advanced surge protection technologies are becoming even more necessary as industrialized nations like North America and Europe modernize old infrastructure to accommodate the integration of renewable energy.

𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐒𝐮𝐫𝐠𝐞 𝐢𝐧 𝐓𝐫𝐚𝐧𝐬𝐦𝐢𝐬𝐬𝐢𝐨𝐧 𝐚𝐧𝐝 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐍𝐞𝐭𝐰𝐨𝐫𝐤𝐬:

The development and enhancement of the surge arrester market's expansion is mostly dependent on T&D networks. Utilities and governments are giving investments in modernizing and extending their electrical transmission systems first priority as the world's energy demand rises. This trend is especially noticeable in APAC, where countries are increasing their capacity for renewable energy in order to achieve aggressive climate goals.

Surge arrester usage is further fueled by initiatives to replace outdated electrical infrastructure in North America and Europe that are in line with environmental objectives. These elements are essential for preventing network outages and guaranteeing dependable energy supply to the commercial, residential, and industrial sectors.

𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐟𝐫𝐨𝐦 𝐔𝐧𝐨𝐫𝐠𝐚𝐧𝐢𝐳𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

Despite its encouraging expansion prospects, unorganized market participants pose a threat to the surge arrester sector. Unauthorized, subpar surge arresters are frequently produced and sold by small, regional manufacturers for much less money. Since these goods are usually sold under fake labels, they damage the reputation of well-known businesses. Global firms are at a competitive disadvantage because to the prevalence of these gray market activities, which restricts their capacity to increase sales and market share.

The existence of fake goods puts end consumers at risk in addition to having an impact on profitability. Critical electrical infrastructure may not be protected by subpar surge arresters, which could cause operational problems and safety risks. Addressing this challenge requires a concerted effort by industry leaders to advocate for stricter regulatory enforcement and promote awareness about the importance of certified, high-quality products.

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐆𝐫𝐨𝐰𝐭𝐡 𝐚𝐬 𝐚 𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐫𝐢𝐯𝐞𝐫:

Another is the industrial sector important factor influencing the demand for surge arresters. Manufacturing, oil and gas, and mining are among the sectors that rely significantly on electricity and require dependable surge protection to prevent expensive equipment damage and downtime.

Surge arresters are a necessary investment for enterprises seeking operational reliability because of their strong insulating capabilities and efficient protection against voltage surges.

Rapid industrialization, especially in developing countries, is opening up massive potential opportunities for the surge arrester industry. The surge arresters' demand is further supplemented by the fact that infrastructure development and electrification programs are directly proportional to industrialization in regions such as APAC, Africa, and South America.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐚𝐧𝐝 𝐆𝐫𝐨𝐰𝐭𝐡 𝐓𝐫𝐞𝐧𝐝𝐬:

- 𝐀𝐬𝐢𝐚-𝐏𝐚𝐜𝐢𝐟𝐢𝐜: 𝐀 𝐇𝐮𝐛 𝐨𝐟 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥𝐢𝐳𝐚𝐭𝐢𝐨𝐧

The APAC region is at the forefront of surge arrester market growth, driven by rising energy demand and ambitious electrification initiatives. China and India, with their vast populations and rapidly growing economies, are leading the charge. Both nations are heavily investing in renewable energy projects and modernizing their T&D networks to accommodate increased electricity consumption.

ASEAN nations, including Australia and New Zealand, would also contribute toward regional growth by 6.8% and 7.2%, respectively, from 2023 to 2033. The region's emphasis on infrastructure development and its transition to energy sources make it a promising market in the global surge arrester market.

- 𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐚𝐧𝐝 𝐄𝐮𝐫𝐨𝐩𝐞: 𝐌𝐨𝐝𝐞𝐫𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐀𝐠𝐢𝐧𝐠 𝐈𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞

Both the United States and Canada are now giving top priority to the replacement of aged electrical infrastructure in North America for better grid reliability and integration of renewable energy. In fact, this trend is reflected by the projected 5.1% CAGR for the U.S. market alone, representing an increasing awareness for sustainable energy solutions.

In Europe, too, growth is strong, especially in countries like Germany, France, and Spain, with CAGRs ranging from 6.2% to 6.6%. These countries are committed to the integration of surge protection technologies to increase grid stability for seamless energy transmission as renewable energy sources continue to penetrate the energy mix.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬 𝐟𝐨𝐫 𝐈𝐧-𝐃𝐞𝐚𝐭𝐡 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬: https://www.futuremarketinsights.com/reports/surge-arrester-market

𝐄𝐦𝐞𝐫𝐠𝐢𝐧𝐠 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐢𝐧𝐠 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐞𝐬:

Developing regions such as Africa and parts of South America represent untapped potential for the surge arrester industry. As these regions work to expand electrification and industrialization, they offer lucrative opportunities for manufacturers to introduce advanced surge protection solutions tailored to local needs.

𝐒𝐮𝐫𝐠𝐞 𝐀𝐫𝐫𝐞𝐬𝐭𝐞𝐫𝐬 𝐚𝐧𝐝 𝐑𝐞𝐧𝐞𝐰𝐚𝐛𝐥𝐞 𝐄𝐧𝐞𝐫𝐠𝐲 𝐈𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐢𝐨𝐧:

The global transition toward renewable energy is another critical factor driving the surge arrester market. Solar and wind energy projects require robust T&D networks capable of handling fluctuating power outputs. Surge arresters play a pivotal role in safeguarding these networks against voltage disturbances, ensuring uninterrupted energy flow.

Utilities in developed and developing countries alike are investing in renewable energy infrastructure, thus giving a long-term push for surge protection devices. The overall move supports global efforts in dealing with climate change and switching over to a more sustainable system of energy.

𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:

- The surge arrester market will see considerable growth as a result of rising electrification and industrialization around the world. Its CAGR from 2023 to 2033 will be 5.0%.

- Increasing demand for surge arresters in emerging markets, particularly in APAC, with China (7.4%) and India (6.8%) showing strong growth potential.

- Industrial sectors in North America, Europe, and APAC are boosting demand for reliable surge protection, with growth rates varying by region.

- North America and Europe are investing in modernizing infrastructure, creating sustained market demand, with the U.S. (5.1%) and Germany (6.6%) leading the charge.

“The surge arrester market is experiencing robust growth driven by global electrification, industrial expansion, and renewable energy adoption. However, challenges like counterfeit products and unorganized players demand urgent attention. Technological advancements and innovative solutions present opportunities for manufacturers to ensure quality, regulatory compliance, and reliable energy protection.” - opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

Siemens AG
ABB AG
GE
Schneider Electric SE
Eaton Corporation
Hubbell Incorporated
Megger Group Limited
Furse Surge Protection
Ingeteam
CIRCUTOR

𝐒𝐮𝐫𝐠𝐞 𝐀𝐫𝐫𝐞𝐬𝐭𝐞𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

𝐁𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐓𝐲𝐩𝐞:
Polymeric
Porcelain

𝐁𝐲 𝐄𝐧𝐝 𝐔𝐬𝐞:
Utilities
Industries
Transmission
Transportation

𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧:
AIS
GIS
Others

𝐁𝐲 𝐕𝐨𝐥𝐭𝐚𝐠𝐞:
Medium
High
Very High

𝐁𝐲 𝐂𝐥𝐚𝐬𝐬:
Secondary Class
Distribution Class
Intermediate Class
Station Class

𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧:
North America
Latin America
Europe
East Asia
South Asia
Oceania
The Middle East and Africa

𝐀𝐛𝐨𝐮𝐭 𝐅𝐮𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 (𝐅𝐌𝐈) – 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐨𝐧

The industrial automation division of Future Market Insights (FMI) offers a novel approach and innovative perspective in analyzing the industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial, and special-purpose machinery across the manufacturing sector and distinctive analysis of the installed base, consumables, replacement, and USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustaining, growing, and identifying new revenue prospects.

𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐄𝐦𝐞𝐫𝐠𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐓𝐡𝐫𝐨𝐮𝐠𝐡 𝐓𝐚𝐫𝐠𝐞𝐭𝐞𝐝 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜𝐚𝐥 & 𝐇𝐞𝐚𝐯𝐲 𝐌𝐚𝐜𝐡𝐢𝐧𝐞𝐫𝐲 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬! https://www.futuremarketinsights.com/industry-analysis/electrical-and-heavy-machinery

𝐀𝐮𝐭𝐡𝐨𝐫:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐈𝐧𝐜. 𝐄𝐱𝐭𝐞𝐧𝐬𝐢𝐯𝐞 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞 𝐢𝐧 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐨𝐧 𝐃𝐨𝐦𝐚𝐢𝐧:

The global surge tanks market share anticipated to exceed USD 2.9 Billion milestone by the end of 2032.

The global milk tank cooling systems market valuation forecasted to reach USD 947.1 million by 2033 end.

𝐀𝐛𝐨𝐮𝐭 𝐅𝐮𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 (𝐅𝐌𝐈):

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and market analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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