USD 1.9 Billion
Surge Arrester Market Size, Share, Growth Analysis, By Type (Porcelain, Polymeric), By Voltage (High Voltage, Low Voltage), By Class (Distribution Class, Intermediate Class), By Application (AIS, GIS), By End User, By Region -Industry Forecast 2025-2032
Report ID:
SQMIG55E2049 |
Region:
Global |
Published Date: December, 2024
Pages:
172
|Tables:
0
|Figures:
0
Surge Arrester Market Insights
Surge Arrester Market size was valued at USD 1.98 Billion in 2023 and is poised to grow from USD 2.07 Billion in 2024 to USD 3 Billion by 2032, growing at a CAGR of 4.7% during the forecast period (2025-2032).
The surge arrester industry grows because of the new demand for smart grid infrastructure, replacing old equipment and bringing new end-use industries, particularly in renewable energy projects. Surge arresters also play a crucial role in guard electrical equipment, in the transmission and distribution networks. They are used in the transmission lines, substations, and the rest of the electrical network. This sector has the highest driving factor in terms of increased investment in T&D networks. The surge arrester market growth is mainly depending on the development and extension of the T&D network. This is expected to be driven forward by additional electrification projects in China and India, and extensions in networks to allow for the inclusion of renewable energy in the US, Europe, and other advanced economies. For the past ten years, investments in renewable energy technologies have stepped up across the world. Renewable energy technologies are growing due to a rapid rate of devaluation in the installation costs due to technological development and a move toward green energy power generation in some countries. This will be installed at substations and connecting points in the next renewable energy projects. A substation is an integrated renewable energy facility that connects to the grid. These substations take advantage of this. Today, more renewable energy is being produced globally, and consequently, manufacturers are now given the opportunity of increased investment in renewable energy projects.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Polymeric
Fastest Growth
Porcelain
Growth Rate
4.7% CAGR
Global Surge Arrester Market ($ Bn)
Country Share for Asia-Pacific (%)
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Surge Arrester Market Segmental Analysis
Global Surge Arrester Market is segmented by Type, Voltage, Class, Application, End User and Region. Based on Type, the market is segmented into Polymeric, and Porcelain. Based on Voltage, the market is segmented into Medium Voltage, High Voltage, and Extra High Voltage. Based on Class, the market is segmented into Distribution Class, Intermediate Class, and Station Class. Based on Application, the market is segmented into AIS, GIS. Based on End User, the market is segmented into Utilities, Industries, and Transportation. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Type
As per the surge arrester market analysis, the polymeric category had the largest share in 2023. Owing to their extensive versatility across a wide range of voltages, polymers are expected to hold a high market. In contrast to porcelain, the material would be more in demand due to its higher resistance to breaking over overload conditions, low manufacturing and operating costs, uniform performance under harsh conditions, and ease of handling and installation. Moreover, the enormous investments undertaken in developing the current power infrastructure would greatly enhance the market globally; this would also be significantly benefited by increasing demand from many organizations to effectively fight system failures.
However, the porcelain segment is self-supporting and does not age with the environment. Hence, it is better suited to take a big percentage in the global market. It is a good material in most fields, especially in high-voltage applications owing to its toughness and tolerance to extreme environments. The segment boasts big mechanical strength, low raw material prices, and stable features. Improving the technology in porcelain goods, which will further enhance its appropriateness for usage in high-voltage settings, is the area where the top industry players will continue to improve it. That means increased and more acceptance based on technological maturity and continuous product performance enhancement across various industries.
Analysis By Application
The utilities sector, which shared the highest percentage in 2023, is expected to dominate the surge arrester industry. Since the electrical network of the utility is larger than the industrial electric infrastructure, they are mainly used in the utility. The device is mostly placed in the ideal location, which is the leading service or panel that supplies the facility. Since the overhead line system operates at 25,000 volts, electrical clearance of sufficient magnitude must also be achieved in the design and installation stages to ensure that there will be no unnecessary flashovers between the structure and live conductors in the electrification infrastructure.
The industrial segment is predicted to be a leading factor in market growth over the projected period. Reliable power protection systems will be increasingly in demand as industrialized nations increasingly face growing power quality concerns, particularly with rampant voltage spikes, surges, and power outages. Increasing awareness of power quality is fueling the urge for high-grade technology aimed at providing a stable, reliable energy supply. Besides, the electricity utilization share in the total energy consumption will increase with the gradual developments of the economy and industrial sectors. This factor would further boost the demand for efficient power management systems. Consequently, these factors will combine to make industry the primary driving force behind market growth.
Global Surge Arrester Market By Type
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Surge Arrester Market Regional Insights
Asia-Pacific held the largest surge arrester market share. In addition, its growth has also been projected to witness a 4.8% CAGR during the forecast period. This is attributed to the rising investments in smart grids, projects of renewable energy, public infrastructures, the development of residential housing, and other such similar sectors. Asia-Pacific is the region with the largest consumer base in the global surge arrester market due to the presence of important developing economies such as China, India, Japan, and Australia, which have a medium market share in the intermediate sector, manufacturing, food & beverage, paper, water treatment, and many other sectors that have led to an increase in the use of surge arresters. Asia-Pacific is witnessing an upsurge in demand for electronic goods and rising disposable income, which is driving growth.
Based on the surge arrester market forecast, North America has become the second largest market globally in terms of industrial and electrical infrastructure growth. New electrical equipment installations accompanied by replacements are expected to surge sharply in the region with growth, further fueling the expansion of the market. This technology has North America as the principal pioneer; the support for this new trend in electrical equipment has enabled the company to immediately establish a huge market influence. The place is also apt for future growth since the use of innovative electrical solutions has been a practice for quite some time, and the infrastructures there are being developed and perfected continually. In the future, demand will primarily be driven by the established infrastructure and technological know-how of North America, where businesses and utilities strive to update their systems and solve power quality issues.
Global Surge Arrester Market By Geography
- Largest
- Fastest
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Surge Arrester Market Dynamics
Surge Arrester Market Drivers
Increasing Voltage Surge Frequencies
- Power system instability due to lightning, adverse weather conditions, and faulty electrical equipment operations is increasingly causing the demand for surge arresters. Since they protect electrical systems from voltages that periodically surge to destructive levels, these instruments can prevent costly downtime and devastating equipment damage. As a result, homes and businesses require stable electricity supply. And when the concern is raised regarding reliability, then the requirement for surge protection increases.
Emerging Infrastructure in Renewable Energy
- Variation in voltage is problematic and renewable forms of energy like wind and solar power connected to the electrical system. Since they safeguard sensitive electrical parts from being ruined by surges, surge arresters have become crucial in these systems that are becoming increasingly unstable. The market demand for surge arresters has thus benefited from increased needs for surge protection solutions within changing infrastructures as more people continue to convert to renewable energy use.
Surge Arrester Market Restraints
High Installation Costs of Surge Arresters
- For industrial applications, high-capacity models of surge arresters often involve high purchase and fitting costs. Small companies and private home users may hold back installing surge protection systems due to the preliminary expenditures especially in areas where people are not aware of the dangers power surges can bring. High installation costs may make the widespread use of surge arresters unfeasible in some market niches.
Absence of Knowledge in Developing Areas
- Surge protection significance is still much less understood or unknown in most developing countries. Lack of knowledge on voltage surges and the potential dangers they may cause is the aftermath of this ignorance. Thus, in rural areas, the surge arrester market may improve at a slower rate as compared to more industrialized areas where people understand power quality issues better.
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Surge Arrester Market Competitive Landscape
Companies within the surge arrester market capture the market through strategic alliances, product diversity, and innovation. It is becoming highly competitive since players tend to produce sophisticated, intelligent surge arresters with IoT integration for better protection and real-time monitoring. Businesses are also going to focus more on sustainability and being cost-effective to serve a wide range of clients.
Top Player’s Company Profile
- HITACHI ABB POWER GRIDS
- SIEMENS ENERGY
- GENERAL ELECTRIC (GE)
- EATON
- HUBBELL
- SCHNEIDER ELECTRIC
- CG POWER AND INDUSTRIAL SOLUTIONS
- MITSUBISHI ELECTRIC
- TE CONNECTIVITY
- MEIDENSHA
- ELPRO INTERNATIONAL
- LAMCO INDUSTRIES
- OBLUM ELECTRICAL INDUSTRIES
- ELEKTROLITES
- DEHN INTERNATIONAL
- TOSHIBA
- HM CORPORATION
- ENSTO
- ZHEJIANG HAIVO ELECTRICAL
- NGK INSULATORS
Recent Developments
- New surge arrester facility was designed, in November 2021, to help Hitachi ABB Power Grids supply Fujian Province of east China with surge arresters for meeting the safety demand for transmission and distribution networks.
- Toshiba planned to expand its production of polymer-based products in September 2021. Toshiba announced that it will expand its polymer-based capacity by nearly three times by April 2022. Toshiba ESS operates circuit breakers for Hamakawasaki Operations in Japan and produces a surge arrester that shields equipment and infrastructure associated with power and electricity transmission and distribution against lightning-related overvoltage.
- In the Americas, Eaton acquired the Tripp Lite company, a well-established power quality business, in March 2021. It helps in creating a better life and environment for people through power management services and technology.
Surge Arrester Key Market Trends
- Smart Surge Arresters with IoT Integration: IoT and surge arresters are ever more becoming integrated. This supports remote control of electrical systems and real-time monitoring in an assembly of Internet of Things technology. These make things more effective and save time by providing utilities and industrial operators with data regarding the possibility of faults or anomalies. Surge arresters benefit through an improvement in their capabilities and attractiveness resulting from this trend towards smartness.
- More Attention to Eco-Friendly and Green Materials: There is also a growing interest in applying eco-friendly materials in the manufacture of surge arresters, as both consumers and companies become more sensitive to their effects on the environment. Researchers are concerned with finding less harmful materials that can still achieve superior performances. The trend for more ecological products is matched by such pressures on the electrical equipment industry from regulatory actions and greater sustainability trends.
Surge Arrester Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the surge arrester market would grow steadily under factors such as a rise in instability within power grids, increased focus on renewable energy resources, and increasing electrical protection needs from both residential and commercial sectors. Two prominent surge arrester market trends that are changing the market include smart surge arresters with internet of things capabilities and environmentally friendly materials. However, high installation costs and even more severe underdeveloped awareness in various less affluent countries could sometimes present a constraint for future growth in particular locations. However, overall, the market, because there will be increased demand for reliable, environmentally friendly surge protection solutions-a factor that is strengthened by technical development and an increased focus on network stability and power quality-is predicted to be positive.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.98 Billion |
| Market size value in 2032 | USD 3 Billion |
| Growth Rate | 4.7% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Surge Arrester Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Surge Arrester Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Surge Arrester Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Surge Arrester Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Surge Arrester Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Surge Arrester Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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