Surge Arrester Market Revenue Growth, Forecast by Fact MR

The global surge arrester market (サージアレスター市場) was valued at US$ 2.01 billion in 2023 and is forecasted to reach US$ 3.26 billion by 2033, with a compound annual growth rate (CAGR) of 5% during the period from 2023 to 2033. Surge arresters, also known as lightning arresters or surge protectors, are crucial devices designed to protect electrical systems and equipment from voltage spikes or transient overvoltage caused by lightning strikes, switching operations, or other electrical disturbances.

These devices play a critical role in safeguarding sensitive electronics, appliances, and industrial equipment from damage or malfunction. The proliferation of electronic devices across industries such as telecommunications, manufacturing, healthcare, and transportation is driving the need for surge protection. Surge arresters are becoming essential components for ensuring uninterrupted operations, as interconnected devices are sensitive to voltage fluctuations.

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The renewable energy sector, including solar and wind power, is experiencing rapid growth. Surge arresters are essential for safeguarding the intricate electrical components of renewable energy systems, such as inverters and power electronics, against lightning-induced surges.

Government investments in various infrastructural projects, including smart cities and data centers, are also fueling the demand for surge arresters. These projects require robust surge protection solutions to ensure the continuous and safe functioning of critical infrastructure components.

Developing economies undergoing rapid industrialization and urbanization are experiencing a surge in energy demand and electrical infrastructure needs. This trend is generating significant opportunities for surge arrester manufacturers to cater to a wider customer base.

Key takeaways from the market study include:

Global demand for surge arresters is expected to grow at a CAGR of 5% from 2023 to 2033.

In the United States, rising industrial activities, stringent safety regulations, and increasing investments in smart infrastructure are boosting the sales of surge arresters.

Germany is witnessing a surge in the market due to a shift towards renewable energy sources and advancements in industrial automation.

Rapid industrialization in Asia Pacific countries such as China and India is driving the need for surge arresters for power stabilization.

What's Behind the Rapid Surge Arrester (Markt für Überspannungsableiter) Sales Growth in Germany?

In Germany, the demand for surge arresters is closely aligned with the country's strong focus on renewable energy sources and advanced industrial automation. With the transition to renewable energy, the integration of solar panels and wind turbines into the power grid necessitates robust surge protection to ensure grid stability. This has led to an increased need for high-performance surge arresters capable of addressing the unique challenges posed by renewable energy systems.

Furthermore, Germany's prominent position as an industrial hub has generated a growing demand for surge protection within manufacturing and automation processes. The Industry 4.0 initiative, aimed at advancing industrial automation and digitalization, is propelling the adoption of surge protection devices designed to safeguard sophisticated machinery and data networks.

Key Players:

• Eaton
• Mitsubishi Electric
• Toshiba
• Hubbell
• Legrand
• Meidensha
• Tripp Lite
• ABB Ltd
• CG Power and Industrial Solutions Ltd
• General Electric Company
• Siemens AG
• Schneider Electric SE

Competitive Analysis

Major market players are engaging in mergers and acquisitions to expand their product portfolios and global presence. Also, collaborations with technology partners and end users are aiding in doubling market shares. ABB Ltd., Siemens AG, Eaton Corporation, Schneider Electric SE, and Mitsubishi Electric Corporation are some of the leading companies in the surge arrester market.

In November 2021, Hitachi ABB Power Grids inaugurated a state-of-the-art surge arrester manufacturing facility in Xiamen, situated in the Fujian Province of Eastern China.

In July 2021, General Electric (GE) successfully clinched a supply agreement with GSI Helmholtzzentrum für Schwerionenforschung, a renowned research institution that manages an ion accelerator complex situated in Darmstadt, Germany. Within the framework of this contract, GE is furnishing the research facility with its cutting-edge LV8 platform, encompassing a diverse array of elements including power transformers, medium voltage switchgear, surge arresters, and various other components.

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Key Segments of Surge Arrester (서지 방지기 시장) Industry Research

• By Type :

  • Porcelain

  • Polymeric

• By Class :

  • Station

  • Intermediate

  • Distribution

• By Voltage Level :

  • High

  • Medium

  • Low

• By Application :

  • Industrial

  • Commercial

  • Residential

• By Region :

  • North America

  • Latin America

  • Europe

  • East Asia

  • South Asia & Oceania

  • MEA

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