Surge Arrester Market Research Report-Forecast to 2027

Surge Arrester Market Research Report: Information by Type (Polymeric & Porcelain), Voltage (Low, Medium & High), Class (Distribution, Intermediate & Station), Application (Industrial, Commercial & Residential), and Region – Forecast till 2027

ID: MRFR/E&P/2930-HCR | February 2021 | Region: Global | 111 pages

Surge Arrester Market Scenario


Surge Arrester Market is projected to be worth USD 2.85 billion by 2027, registering a CAGR of 5.72% during the forecast period (2021 - 2027), The market was valued at USD 1.75 billion in 2020.


Globally, there is an increase in demand of power generation, expansion of smart grid network, increasing investment in transmission and distribution facilities, growing industrialization and development in power infrastructure.


The main drivers of the market are increased demand for electrical appliances, deployment of electrical equipment’s, boost in power generation, and replacement of existing infrastructure of power with new one. North America accounts the highest share in the global surge arrester market followed by China, which is the fastest growing market. Technological advancements in the sector is another reason for growth in this market.


Key Players


The major key player in global surge arrester markets are Siemens (Germany), GE Oil & Gas (U.S.), Hubbell (U.S.), Schneider Electric (France), Mitsubishi Electric (Japan), CG Power (India), NGK Insulators (Japan), ABB (Switzerland), Eaton (Republic of Ireland), Legrand S.A (France), Emerson Electric (U.S.), HAKEL spol. S r. (Czech Republic), Vertiv. (U.S.), TE Connectivity (Switzerland), Lamco (India), leviton manufacturing (U.S.), Raycap Corporation SA (U.S.), etc.


The factor that restrains the global surge arrester market is growing competition from unorganized power sector and cost of installation of arrester, especially in developing nations. However, having an edge over rivals and improvements are expected to help players deal with the situation.


Technology wise, the surge arrester market is improving each day, because companies such as siemens are immensely working on application-based development so that the outcome would be prominent, effective, and efficient. The demand for surge arrester in locomotive sector is growing. For example, metal oxide surge arresters are being replaced gradually with the silicon carbide type because of high degree of reliability and better performance. Additionally, new developments have been made in terms of distribution range. The porcelain type is being replaced with the polymeric ones for the protection of basic mechanical characteristics and prevention of lightning faults. Various government bodies are being involved in research and development, innovation of technologies, improvement of testing techniques and setting new standards.


Among from regions, North America, owing to the technical developments accounted for about 26% of the global market in 2017, which is the largest share. Asia Pacific surge arrester market, however, is projected to have the highest growth during the forecast period, at a CAGR higher than 10.0%, which is a positive sign for the market, especially the emerging markets.


The global surge arrester market is segmented by type as polymeric & porcelain, by voltage as low, medium & high, by class as distribution, intermediate & station, by application as industrial, commercial & residential, and by region as North America, Asia Pacific, Middle East, South America, and Africa).


Market Segmentation


 Surge Arrester Market


Global Surge Arrester Market


Global surge arrester market  is mainly driven by the changing preferences of the working population, driving the need for automation and digitalization. Furthermore, the renewable sector is also acting as a driver for this market. Countries such as China and India in the Asia Pacific region witness the developments of various power plants for the generation of energy by renewable sources such as tidal, wind, and solar. This reason is one of the main drivers of the surge arrester market in Asia Pacific with a CAGR of 5.1% during the forecast period.


Based on applications, the global surge arrester market is segmented into industrial, commercial and residential. Among them, revenue generation from commercial sector is projected to expand at a CAGR of approx. 8.50% during the forecast period.


Based on regions, North America and Asia Pacific together account for more than ~15.0%  share of the total in application-based surge arresters, globally, due to expressive infrastructure development in the power sector. Countries like China and India from Asia Pacific region have new projects to develop and  still have potential to reach at the surge.


Surge Arrester is device that protects electrical power system from damage caused by lightning and switching effects. It is sometimes known as surge protection device to protect equipment in transmission of power and in distribution system.



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: USD 2.85 billion
  CAGR   5.72% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Voltage, Class and Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Siemens (Germany), GE Oil & Gas (U.S.), Hubbell (U.S.), Schneider Electric (France), Mitsubishi Electric (Japan), CG Power (India), NGK Insulators (Japan), ABB (Switzerland), Eaton (Republic of Ireland), Legrand S.A (France), Emerson Electric (U.S.), HAKEL spol. S r. (Czech Republic), Vertiv. (U.S.), TE Connectivity (Switzerland), Lamco (India), leviton manufacturing (U.S.), Raycap Corporation SA (U.S.)
  Key Market Opportunities   New product launches and R&D amongst major key players
  Key Market Drivers

  • Increased demand for electrical appliances
  • Deployment of electrical equipment’s
  • Boost in power generation
  • Replacement of existing infrastructure of power


  • Frequently Asked Questions (FAQ) :


    During the assessment period, the surge arrester market can surge at 5.72% CAGR.

    The surge arrester market poised to generate substantial turnover in forecast period.

    Legrand S.A (France), HAKEL spol. S r. (Czech Republic), Emerson Electric (U.S.), TE Connectivity (Switzerland), and Vertiv. (U.S.) are some reputed companies in the surge arrester market.

    The surge arrester market can be driven by the growing need for clean energy.

    Rapid developments in the energy sector can impel the APAC surge arrester market growth.

    Table of content

    1 Executive Summary

    2 Scope of the Report

    2.1 Market Definition

    2.2 Scope of the Study

    2.2.1 Definition

    2.2.2 Research Objective

    2.2.3 Assumptions

    2.2.4 Limitations

    2.3 Research Process

    2.3.1 Primary Research

    2.3.2 Secondary Research

    2.4 Market size Estimation

    2.5 Forecast Model

    3 Market Landscape

    3.1 Porter’s Five Forces Analysis

    3.1.1 Threat of New Entrants

    3.1.2 Bargaining power of buyers

    3.1.3 Bargaining power of suppliers

    3.1.4 Threat of substitutes

    3.1.5 Segment rivalry

    3.2 Value Chain/Supply Chain Analysis

    4 Market Dynamics

    4.1 Introduction

    4.2 Market Drivers

    4.3 Market Restraints

    4.4 Market Opportunities

    4.5 Market Trends

    5 Global Surge Arrester Market, By Type

    5.1 Introduction

    5.2 Polymeric

    5.2.1 Market Estimates & Forecast, 2020-2027

    5.2.2 Market Estimates & Forecast by Region, 2020-2027

    5.3 Porcelain

    5.3.1 Market Estimates & Forecast, 2020-2027

    5.3.2 Market Estimates & Forecast by Region, 2020-2027

    6 Global Surge Arrester Market, By Voltage

    6.1 Introduction

    6.2 Low

    6.2.1 Market Estimates & Forecast, 2020-2027

    6.2.2 Market Estimates & Forecast by Region, 2020-2027

    6.3 Medium

    6.3.1 Market Estimates & Forecast, 2020-2027

    6.3.2 Market Estimates & Forecast by Region, 2020-2027

    6.4 High

    6.4.1 Market Estimates & Forecast, 2020-2027

    6.4.2 Market Estimates & Forecast by Region, 2020-2027

    7 Global Surge Arrester Market, By Class

    7.1 Introduction

    7.2 Distribution

    7.2.1 Market Estimates & Forecast, 2020-2027

    7.2.2 Market Estimates & Forecast by Region, 2020-2027

    7.3 Intermediate

    7.3.1 Market Estimates & Forecast, 2020-2027

    7.3.2 Market Estimates & Forecast by Region, 2020-2027

    7.4 Station

    7.4.1 Market Estimates & Forecast, 2020-2027

    7.4.2 Market Estimates & Forecast by Region, 2020-2027

    8 Global Surge Arrester Market, By Application

    8.1 Introduction

    8.2 Industrial

    8.2.1 Market Estimates & Forecast, 2020-2027

    8.2.2 Market Estimates & Forecast by Region, 2020-2027

    8.3 Commercial

    8.3.1 Market Estimates & Forecast, 2020-2027

    7.3.2 Market Estimates & Forecast by Region, 2020-2027

    8.4 Residential

    8.4.1 Market Estimates & Forecast, 2020-2027

    8.4.2 Market Estimates & Forecast by Region, 2020-2027

    9 Global Surge Arrester Market, By Region

    9.1 Introduction

    9.2 North America

    9.2.1 Market Estimates & Forecast, 2020-2027

    9.2.2 Market Estimates & Forecast by Type, 2020-2027

    9.2.3 Market Estimates & Forecast by Voltage, 2020-2027

    9.2.4 Market Estimates & Forecast by Class, 2020-2027

    9.2.5 Market Estimates & Forecast by Application, 2020-2027

    9.2.6 U.S.

    9.2.6.1 Market Estimates & Forecast, 2020-2027

    9.2.6.2 Market Estimates & Forecast by Type, 2020-2027

    9.2.6.3 Market Estimates & Forecast by Voltage, 2020-2027

    9.2.6.4 Market Estimates & Forecast by Class, 2020-2027

    9.2.6.5 Market Estimates & Forecast by Application, 2020-2027

    9.2.7 Canada

    9.2.7.1 Market Estimates & Forecast, 2020-2027

    9.2.7.2 Market Estimates & Forecast by Type, 2020-2027

    9.2.7.3 Market Estimates & Forecast by Voltage, 2020-2027

    9.2.7.4 Market Estimates & Forecast by Class, 2020-2027

    9.2.7.5 Market Estimates & Forecast by Application, 2020-2027

    9.3 Europe

    9.3.1 Market Estimates & Forecast, 2020-2027

    9.3.2 Market Estimates & Forecast by Type, 2020-2027

    9.3.3 Market Estimates & Forecast by Voltage, 2020-2027

    9.3.4 Market Estimates & Forecast by Class, 2020-2027

    9.3.5 Market Estimates & Forecast by Application, 2020-2027

    9.3.6 Germany

    9.3.6.1 Market Estimates & Forecast, 2020-2027

    9.3.6.2 Market Estimates & Forecast by Type, 2020-2027

    9.3.6.3 Market Estimates & Forecast by Voltage, 2020-2027

    9.3.6.4 Market Estimates & Forecast by Class, 2020-2027

    9.3.6.5 Market Estimates & Forecast by Application, 2020-2027

    9.3.7 Russia

    9.3.7.1 Market Estimates & Forecast, 2020-2027

    9.3.7.2 Market Estimates & Forecast by Type, 2020-2027

    9.3.7.3 Market Estimates & Forecast by Voltage, 2020-2027

    9.3.7.4 Market Estimates & Forecast by Class, 2020-2027

    9.3.7.5 Market Estimates & Forecast by Application, 2020-2027

    9.3.8 Rest of Europe

    9.3.8.1 Market Estimates & Forecast, 2020-2027

    9.3.8.2 Market Estimates & Forecast by Type, 2020-2027

    9.3.8.3 Market Estimates & Forecast by Voltage, 2020-2027

    9.3.8.4 Market Estimates & Forecast by Class, 2020-2027

    9.3.8.5 Market Estimates & Forecast by Application, 2020-2027

    9.4 Asia Pacific

    9.4.1 Market Estimates & Forecast, 2020-2027

    9.4.2 Market Estimates & Forecast by Type, 2020-2027

    9.4.3 Market Estimates & Forecast by Voltage, 2020-2027

    9.4.4 Market Estimates & Forecast by Class, 2020-2027

    9.4.5 Market Estimates & Forecast by Application, 2020-2027

    9.4.6 China

    9.4.6.1 Market Estimates & Forecast, 2020-2027

    9.4.6.2 Market Estimates & Forecast by Type, 2020-2027

    9.4.6.3 Market Estimates & Forecast by Voltage, 2020-2027

    9.4.6.4 Market Estimates & Forecast by Class, 2020-2027

    9.4.6.5 Market Estimates & Forecast by Application, 2020-2027

    9.4.7 Australia

    9.4.7.1 Market Estimates & Forecast, 2020-2027

    9.4.7.2 Market Estimates & Forecast by Type, 2020-2027

    9.4.7.3 Market Estimates & Forecast by Voltage, 2020-2027

    9.4.7.4 Market Estimates & Forecast by Class, 2020-2027

    9.4.7.5 Market Estimates & Forecast by Application, 2020-2027

    9.4.8 Rest of Asia-Pacific

    9.4.8.1 Market Estimates & Forecast, 2020-2027

    9.4.8.2 Market Estimates & Forecast by Type, 2020-2027

    9.4.8.3 Market Estimates & Forecast by Voltage, 2020-2027

    9.4.8.4 Market Estimates & Forecast by Class, 2020-2027

    9.4.8.5 Market Estimates & Forecast by Application, 2020-2027

    9.5 Middle East & Africa

    9.5.1 Market Estimates & Forecast, 2020-2027

    9.5.2 Market Estimates & Forecast by Type, 2020-2027

    9.5.3 Market Estimates & Forecast by Voltage, 2020-2027

    9.5.4 Market Estimates & Forecast by Class, 2020-2027

    9.5.5 Market Estimates & Forecast by Application, 2020-2027

    9.6 Latin America

    9.6.1 Market Estimates & Forecast, 2020-2027

    9.6.2 Market Estimates & Forecast by Type, 2020-2027

    9.6.3 Market Estimates & Forecast by Voltage, 2020-2027

    9.6.4 Market Estimates & Forecast by Class, 2020-2027

    9.6.5 Market Estimates & Forecast by Application, 2020-2027

    9.7 Rest of the World

    9.7.1 Market Estimates & Forecast, 2020-2027

    9.7.2 Market Estimates & Forecast by Type, 2020-2027

    9.7.3 Market Estimates & Forecast by Voltage, 2020-2027

    9.7.4 Market Estimates & Forecast by Class, 2020-2027

    9.7.5 Market Estimates & Forecast by Application, 2020-2027

    10 Competitive Landscape

    11 Company Profile

    11.1 Siemens

    11.1.1 Company Overview

    11.1.2 Product/Services Offering

    11.1.3 Financial Overview

    11.1.4 Key Developments

    11.1.5 Strategy

    11.1.6 SWOT Analysis

    11.2 GE

    11.2.1 Company Overview

    11.2.2 Product /Services Offering

    11.2.3 Financial Overview

    11.2.4 Key Developments

    11.2.5 Strategy

    11.2.6 SWOT Analysis

    11.3 Hubbell

    11.3.1 Company Overview

    11.3.2 Product /Services Offering

    11.3.3 Financial Overview

    11.3.4 Key Developments

    11.3.5 Strategy

    11.3.6 SWOT Analysis

    11.4 Schneider Electric

    11.4.1 Company Overview

    11.4.2 Product /Services Offering

    11.4.3 Financial Overview

    11.4.4 Key Developments

    11.4.5 Strategy

    11.4.6 SWOT Analysis

    11.5 Mitsubishi Electric

    11.5.1 Company Overview

    11.5.2 Product /Services Offering

    11.5.3 Financial Overview

    11.5.4 Key Developments

    11.5.5 Strategy

    11.5.6 SWOT Analysis

    11.6 CG Power

    11.6.1 Company Overview

    11.6.2 Product /Services Offering

    11.6.3 Financial Overview

    11.6.4 Key Developments

    11.6.5 Strategy

    11.6.6 SWOT Analysis

    11.7 NGK Insulators

    11.7.1 Company Overview

    11.7.2 Product /Services Offering

    11.7.3 Financial Overview

    11.7.4 Key Developments

    11.7.5 Strategy

    11.7.6 SWOT Analysis

    11.8 Benchmarking

    11.8.1 Company Overview

    11.8.2 Product /Services Offering

    11.8.3 Financial Overview

    11.8.4 Key Developments

    11.8.5 Strategy

    11.8.6 SWOT Analysis

    11.9 ABB

    11.9.1 Company Overview

    11.9.2 Product /Services Offering

    11.9.3 Financial Overview

    11.9.4 Key Developments

    11.9.5 Strategy

    11.9.6 SWOT Analysis

    11.10 Raycap Corporation SA

    11.10.1 Company Overview

    11.10.2 Product /Services Offering

    11.10.3 Financial Overview

    11.10.4 Key Developments

    11.10.5 Strategy

    11.10.6 SWOT Analysis

    12 Conclusion

    13 Appendix

    List of Tables

    Table 1 Global Surge Arrester Market: By Region, 2020-2027

    Table 2 North America Surge Arrester Market: By Country, 2020-2027

    Table 3 Europe Surge Arrester Market: By Country, 2020-2027

    Table 4 Asia Pacific Surge Arrester Market: By Country, 2020-2027

    Table 5 RoW Surge Arrester Market: By Country, 2020-2027

    Table 6 Global Surge Arrester Market by Type: By Regions, 2020-2027

    Table 7 North America Surge Arrester Market by Type: By Country, 2020-2027

    Table 8 Europe Surge Arrester Market by Type: By Country, 2020-2027

    Table 9 Asia Pacific Surge Arrester Market by Type: By Country, 2020-2027

    Table 10 RoW Surge Arrester Market by Type: By Country, 2020-2027

    Table 11 Global Surge Arrester Market, by Voltage By Regions, 2020-2027

    Table 12 North America Surge Arrester Market, by Voltage, By Country, 2020-2027

    Table 13 Europe Surge Arrester Market, by Voltage, By Country, 2020-2027

    Table 14 Asia Pacific Surge Arrester Market, by Voltage, By Country, 2020-2027

    Table 15 RoW Surge Arrester Market, by Voltage, By Country, 2020-2027

    Table 16 Global Surge Arrester Market, by Application, By Regions, 2020-2027

    Table 17 North America Surge Arrester Market, by Application, By Country, 2020-2027

    Table 18 Europe Surge Arrester Market, by Application, By Country, 2020-2027

    Table 19 Asia Pacific Surge Arrester Market, by Application, By Country, 2020-2027

    Table 20 RoW Surge Arrester Market, by Application, By Country, 2020-2027

    Table 21 Global Surge Arrester Market: By Region, 2020-2027

    Table 22 Global Surge Arrester Market: By Region, 2020-2027

    Table 23 Global Surge Arrester Market: By Region, 2020-2027

    Table 24 North America Surge Arrester Market, By Country

    Table 25 North America Surge Arrester Market, by Type

    Table 26 North America Surge Arrester Market, By Voltage

    Table 27 North America Surge Arrester Market, By Application

    Table 28 Europe: Surge Arrester Market, By Country

    Table 29 Europe: Surge Arrester Market, by Type

    Table 30 Europe: Surge Arrester Market, By Voltage

    Table 31 Europe: Surge Arrester Market, By Application

    Table 32 Europe: Surge Arrester Market, By Application

    Table 33 Asia Pacific: Surge Arrester Market, By Country

    Table 34 Asia Pacific: Surge Arrester Market, by Type

    Table 35 Asia Pacific: Surge Arrester Market, By Voltage

    Table 36 Asia Pacific: Surge Arrester Market, By Application

    Table 37 RoW: Surge Arrester Market, By Region

    Table 38 RoW Surge Arrester Market, by Type

    Table 39 RoW Surge Arrester Market, By Voltage

    Table 40 RoW Surge Arrester Market, By Application

    List of Figures

    FIGURE 1 RESEARCH PROCESS OF MRFR

    FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

    FIGURE 3 MARKET DYNAMICS

    FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS

    FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS

    FIGURE 6 PORTER’S FIVE FORCES ANALYSIS

    FIGURE 7 VALUE CHAIN ANALYSIS

    FIGURE 8 GLOBAL SURGE ARRESTER MARKETSHARE, BY TYPE, 2020 (%)

    FIGURE 9 GLOBAL SURGE ARRESTER MARKET, BY TYPE, 2020-2027 (USD MILLION)

    FIGURE 10 GLOBAL SURGE ARRESTER MARKETSHARE, BY VOLTAGE, 2020 (%)

    FIGURE 11 GLOBAL SURGE ARRESTER MARKET, BY VOLTAGE, 2020-2027 (USD MILLION)

    FIGURE 12 GLOBAL SURGE ARRESTER MARKET SHARE (%), BY REGION, 2020

    FIGURE 13 GLOBAL SURGE ARRESTER MARKET, BY REGION, 2020-2027 (USD MILLION)

    FIGURE 14 NORTH AMERICA SURGE ARRESTER MARKETSHARE (%), 2020

    FIGURE 15 NORTH AMERICA SURGE ARRESTER MARKETBY COUNTRY, 2020-2027 (USD MILLION)

    FIGURE 16 EUROPE SURGE ARRESTER MARKETSHARE (%), 2020

    FIGURE 17 EUROPE SURGE ARRESTER MARKETBY COUNTRY, 2020-2027 (USD MILLION)

    FIGURE 18 ASIA PACIFIC SURGE ARRESTER MARKETSHARE (%), 2020

    FIGURE 19 ASIA PACIFIC SURGE ARRESTER MARKETBY COUNTRY, 2020-2027 (USD MILLION)

    FIGURE 20 REST OF THE WORLD SURGE ARRESTER MARKETSHARE (%), 2020

    FIGURE 21 REST OF THE WORLD SURGE ARRESTER MARKETBY COUNTRY, 2020-2027 (USD MILLION)