Surge Arrester Market is predicted to reach USD 3.62 billion at a CAGR of 4.20% during the forecast period

Market Research Future (MRFR) has published a cooked research report on the “Global Surge Arrester Market” that contains information from 2018 to 2032. The Surge Arrester market is estimated to register a CAGR of 4.20% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Surge Arrester market—  Siemens (Germany), G.E. Oil & Gas (U.S.), Hubbell (U.S.), Schneider Electric (France), Mitsubishi Electric (Japan), C.G. Power (India), NGK Insulators (Japan), ABB (Switzerland), Eaton (Republic of Ireland), Legrand S.A (France), Emerson Electric (U.S.), HAKEL spol. Sr. (Czech Republic), Vertiv. (U.S.), T.E. Connectivity (Switzerland), Lamco (India), Leviton Manufacturing (U.S.), and Raycap Corporation S.A. (U.S.)

Market Highlights

The global Surge Arrester market is accounted to register a CAGR of 4.20% during the forecast period and is estimated to reach USD 3.62 billion by 2032.

The surge arrester market involves devices used to protect electrical equipment and systems from voltage surges by diverting excess electrical energy to the ground. These devices are crucial for preventing damage caused by lightning strikes, switching operations, and other electrical disturbances in various applications, including power distribution, electronics, and telecommunications.

Segment Analysis

The global Surge Arrester market has been segmented based on Type, Voltage, Class and Application.

On the basis of Type, the market is segmented into Polymeric, Porcelain. Due to its broad flexibility across multiple voltage ranges, the polymeric sector predominated the market and is predicted to grow.

Based on Voltage, the global Surge Arrester market has been segmented into Low, Medium, and High. Due to its broad flexibility across multiple voltage ranges, the polymeric sector predominated the market and is predicted to grow.

Based on Class, the global Surge Arrester market has been segmented into distribution, intermediate, and station. Market share belonged to the station segment. Station class surge arrestors protect against overvoltage and lightning, which happen when an electrical item pulls more current than the system can handle.

Based on Application, the global Surge Arrester market has been segmented into Industrial, Commercial, and Residential. The industrial sector dominated the market, and the ubiquitous voltage spikes and surges, which are a major cause of power quality problems in industrialised economies, will have a significant impact on how widely these devices are used.

Browse In-depth Detailed Research Report [Table of Content, List of Figures, List of Tables] of Surge Arrester Market Growth Insight

Regional Analysis

The global Surge Arrester market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Surge Arrester market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Surge Arrester market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Surge Arrester market comprises of Middle East, Africa, and Latin America.

The North American Surge Arrester Market dominated this market in 2022 (45.80%). The numerous industries in the area are increasingly adopting automation and smart manufacturing technology. The market growth in this region is expected to be boosted by replacements and new installations due to the strong industrial and electrical infrastructural growth.

Additionally, The second-largest market share for surge arresters is held by Europe, whose infrastructures for power generation, transmission, and distribution are advanced. Due to more stringent EU rules, the grid deployment industry's expansion will raise investments in modernising the smart grid infrastructure. Additionally, the European Region's German Surge Arrester market had the highest market share, while the British Surge Arrester market had the fastest rate of expansion.

Moreover, From 2023 to 2032, the CAGR for the surge arrester market in Asia-Pacific is anticipated to be the highest. This is because they are producing more electricity to keep up with their expanding population. Additionally, the Indian Surge Arrester market had the quickest rate of growth in the Asia-Pacific region, while China's Surge Arrester market had the greatest market share.

Key Findings of the Study

• The global Surge Arrester market is expected to reach USD 3.62 billion by 2032, at a CAGR of 4.20% during the forecast period.


• The North American Surge Arrester Market dominated this market in 2022 (45.80%). The numerous industries in the area are increasingly adopting automation and smart manufacturing technology.


• Based on Type, the polymeric sector predominated the market and is predicted to grow.


• Siemens (Germany), G.E. Oil & Gas (U.S.), Hubbell (U.S.), Schneider Electric (France), Mitsubishi Electric (Japan), C.G. Power (India), NGK Insulators (Japan), ABB (Switzerland), Eaton (Republic of Ireland), Legrand S.A (France), Emerson Electric (U.S.), HAKEL spol. Sr. (Czech Republic), Vertiv. (U.S.), T.E. Connectivity (Switzerland), Lamco (India), Leviton Manufacturing (U.S.), and Raycap Corporation S.A. (U.S.)