Surge Arresters

Global Surge Arresters Market to Reach US$2.6 Billion by 2030

The global market for Surge Arresters estimated at US$1.9 Billion in the year 2024, is expected to reach US$2.6 Billion by 2030, growing at a CAGR of 5.5% over the analysis period 2024-2030. Polymeric, one of the segments analyzed in the report, is expected to record a 5.9% CAGR and reach US$1.7 Billion by the end of the analysis period. Growth in the Porcelain segment is estimated at 4.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$495.7 Million While China is Forecast to Grow at 8.6% CAGR

The Surge Arresters market in the U.S. is estimated at US$495.7 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$606.2 Million by the year 2030 trailing a CAGR of 8.6% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.2% and 4.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.

Global Surge Arresters Market - Key Trends and Drivers Summarized

How Are Surge Arresters Protecting Electrical Systems?

Surge arresters are essential devices that protect electrical equipment and systems from voltage spikes and transient overvoltages caused by lightning strikes, switching operations, or electrical faults. By diverting excess voltage to the ground, surge arresters prevent damage to transformers, substations, transmission lines, and industrial equipment, ensuring operational safety and reliability. These devices are critical in power distribution networks, industrial facilities, and commercial buildings, where electrical systems are exposed to potential overvoltage events. As the demand for reliable power infrastructure grows, surge arresters have become a fundamental component in safeguarding electrical assets and minimizing downtime.

What Are the Key Segments in the Surge Arresters Market?

Key types include polymeric and porcelain surge arresters, with polymeric surge arresters holding the largest market share due to their lightweight, durability, and resistance to environmental factors. Voltage levels cover low, medium, and high voltage, with high-voltage surge arresters representing a significant segment driven by their use in power transmission and substations. End-users include power utilities, industrial facilities, commercial buildings, and transportation infrastructure, with power utilities leading the market as they implement surge protection across transmission lines and substations to ensure reliable electricity supply.

How Are Surge Arresters Integrated Across Power Systems?

In power utilities, surge arresters are installed in substations, transmission lines, and transformers to protect equipment from lightning-induced overvoltages, reducing the risk of outages and equipment failure. In industrial facilities, surge arresters safeguard machinery, control panels, and automation systems from electrical surges, ensuring operational continuity and safety. Commercial buildings also rely on surge arresters to protect electrical systems, HVAC units, and sensitive equipment from transient voltage spikes. Additionally, transportation infrastructure, including railways and airports, uses surge arresters to protect communication systems, signaling equipment, and electrical circuits from potential overvoltage damage.

What Factors Are Driving the Growth in the Surge Arresters Market?

The growth in the Surge Arresters market is driven by several factors, including increasing investments in power infrastructure, industrial automation, and renewable energy projects. Advancements in surge arrester technology, such as improved energy absorption capacity, enhanced material durability, and smart monitoring features, have supported broader applications across power systems and industrial facilities. The focus on grid reliability and operational safety has further fueled demand, as surge arresters provide effective protection against lightning strikes, switching surges, and other transient overvoltages. Additionally, rising energy consumption, expanding transmission networks, and growing awareness of electrical safety standards have contributed to market growth, encouraging the adoption of surge arresters in diverse settings.

SCOPE OF STUDY:

The report analyzes the Surge Arresters market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Polymeric, Porcelain); Class (Distribution, Intermediate, Station); End-Use (Utilities, Industries, Transportation)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 37 Featured) -

• ABB Ltd.
• Advanced Protection Technologies Inc
• CG Power and Industrial Solutions Ltd
• Eaton Corporation PLC
• Emerson Electric Co.
• General Electric Company
• Legrand SA
• Leviton Manufacturing Company, Inc.,
• Littlefuse, Inc.
• Mitsubishi Electric Corporation
• Raycap Corporation SA
• Schneider electric SE
• Siemens AG

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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