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

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.