Product Code: PM3977
The global surge arrester market size is expected to reach USD 2.59 billion by 2032, according to a new study by Polaris Market Research. The report "Surge Arrester Market Share, Size, Trends, Industry Analysis Report, By Type (Porcelain, Polymeric); By Class; By Application; By End-User; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Various government organizations, including energy departments, have made substantial investments in grid modernization in recent years in order to upgrade their national grid, and proliferation among governments for launching favorable initiatives to enhance electrical power supply are key factors fostering global market growth. In addition, continuous expansion and upgradation of T&D networks and the emergence of surge arresters as essential components for the protection of electrical equipment in distribution and transmission networks are likely to boost product sales and generate huge growth opportunities for the market. For instance, in June 2023, Littelfuse announced the launch of its new NEMA-style Surge Protective Device series, which is designed to safeguard equipment from transient over-voltage events. The new surge protection devices include direct modes of protection, including line-to-neutral, line-to-ground, and neutral-to-ground.
There has been a significant increase in the number of surge protection manufacturers focusing on developing and offering customized and innovative solutions tailored to specific needs and requirements of industries and applications while ensuring that the surge protection systems meet the unique needs of their customers, which in turn, likely to open up new growth avenues for the global market. For instance, in August 2023, Toshiba Electronic Devices & Storage Corporation has recently unveiled their new surge-protection Zener diodes, the "XCUZ Series". This series is AEC-Q101 qualified and is particularly designed for automotive equipment. The device can be used for various voltage lines and helps improve the overall quality of automotive equipment.
Furthermore, with the rise in focus on reducing downtime because of equipment failure and rising focus towards resolving power quality issues in the industrialized nations caused the voltage spikes, the demand and adoption of innovative and advanced surge arresters all over the world are growing rapidly and likely to continue the trend in the coming years at a significant rate.
Surge Arrester Market Report Highlights
- The polymeric segment accounted for a noteworthy market share, owing to its numerous advantageous features and greater demand from various businesses globally
- The station class segment is projected to hold a significant share, mainly due to its widespread adoption use to protect grid infrastructure and electrical equipment
- Industries segment will grow at the fastest pace, which is largely attributed to the growing electricity consumption of various industries, including automotive and manufacturing
- Asia Pacific dominated the global market on account of the region's high electricity production and surge in investments for grid infrastructure development
- The key market players include Eaton Corporation, Hubbell Power Systems, Schneider Electric, TE Connectivity, Toshiba, and INAEL Electrical Systems
Polaris Market Research has segmented the surge arrester market report based on type, class, application, end-user, and region:
Surge Arrester, Type Outlook (Revenue - USD Billion, 2023 - 2032)
Surge Arrester, Class Outlook (Revenue - USD Billion, 2023 - 2032)
- Station Class
- Intermediate Class
- Distribution Class
Surge Arrester, Application Outlook (Revenue - USD Billion, 2023 - 2032)
Surge Arrester, End-User Outlook (Revenue - USD Billion, 2023 - 2032)
- Utilities
- Industries
- Transportation
Surge Arrester, Regional Outlook (Revenue - USD Billion, 2023 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Surge Arrester Market Insights
- 4.1. Surge Arrester - Industry Snapshot
- 4.2. Surge Arrester Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Growing deployment of smart grid infrastructure driving the product sales and demand
- 4.2.1.2. Aging electrical infrastructure requiring protection
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High cost of surge arrester installation and maintenance
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Surge Arrester Industry Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Surge Arrester Market, by Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Surge Arrester Market, by Type, 2019-2032 (USD Billion)
- 5.3. Porcelain
- 5.3.1. Global Surge Arrester Market, by Porcelain, by Region, 2019-2032 (USD Billion)
- 5.4. Polymeric
- 5.4.1. Global Surge Arrester Market, by Polymeric, by Region, 2019-2032 (USD Billion)
6. Global Surge Arrester Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Surge Arrester Market, by Application, 2019-2032 (USD Billion)
- 6.3. GIS
- 6.3.1. Global Surge Arrester Market, by GIS, by Region, 2019-2032 (USD Billion)
- 6.4. AIS
- 6.4.1. Global Surge Arrester Market, by AIS, by Region, 2019-2032 (USD Billion)
7. Global Surge Arrester Market, by End-User
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Surge Arrester Market, by End-User, 2019-2032 (USD Billion)
- 7.3. Utilities
- 7.3.1. Global Surge Arrester Market, by Utilities, by Region, 2019-2032 (USD Billion)
- 7.4. Industries
- 7.4.1. Global Surge Arrester Market, by Industries, by Region, 2019-2032 (USD Billion)
- 7.5. Transportation
- 7.5.1. Global Surge Arrester Market, by Transportation, by Region, 2019-2032 (USD Billion)
8. Global Surge Arrester Market, by Class
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. Global Surge Arrester Market, by Class, 2019-2032 (USD Billion)
- 8.3. Station Class
- 8.3.1. Global Surge Arrester Market, by Station Class, by Region, 2019-2032 (USD Billion)
- 8.4. Intermediate Class
- 8.4.1. Global Surge Arrester Market, by Intermediate Class, by Region, 2019-2032 (USD Billion)
- 8.5. Distribution Class
- 8.5.1. Global Surge Arrester Market, by Distribution Class, by Region, 2019-2032 (USD Billion)
9. Global Surge Arrester Market, by Geography
- 9.1. Key findings
- 9.2. Introduction
- 9.2.1. Surge Arrester Market Assessment, By Geography, 2019-2032 (USD Billion)
- 9.3. Surge Arrester Market - North America
- 9.3.1. North America: Surge Arrester Market, by Type, 2019-2032 (USD Billion)
- 9.3.2. North America: Surge Arrester Market, by Class, 2019-2032 (USD Billion)
- 9.3.3. North America: Surge Arrester Market, by Application, 2019-2032 (USD Billion)
- 9.3.4. North America: Surge Arrester Market, by End-User, 2019-2032 (USD Billion)
- 9.3.5. Surge Arrester Market - U.S.
- 9.3.5.1. U.S.: Surge Arrester Market, by Type, 2019-2032 (USD Billion)
- 9.3.5.2. U.S.: Surge Arrester Market, by Class, 2019-2032 (USD Billion)
- 9.3.5.3. U.S.: Surge Arrester Market, by Application, 2019-2032 (USD Billion)
- 9.3.5.4. U.S.: Surge Arrester Market, by End-User, 2019-2032 (USD Billion)
- 9.3.6. Surge Arrester Market - Canada
- 9.3.6.1. Canada: Surge Arrester Market, by Type, 2019-2032 (USD Billion)
- 9.3.6.2. Canada: Surge Arrester Market, by Class, 2019-2032 (USD Billion)
- 9.3.6.3. Canada: Surge Arrester Market, by Application, 2019-2032 (USD Billion)
- 9.3.6.4. Canada: Surge Arrester Market, by End-User, 2019-2032 (USD Billion)
- 9.4. Surge Arrester Market - Europe
- 9.4.1. Europe: Surge Arrester Market, by Type, 2019-2032 (USD Billion)
- 9.4.2. Europe: Surge Arrester Market, by Class, 2019-2032 (USD Billion)
- 9.4.3. Europe: Surge Arrester Market, by Application, 2019-2032 (USD Billion)
- 9.4.4. Europe: Surge Arrester Market, by End-User, 2019-2032 (USD Billion)
- 9.4.5. Surge Arrester Market - UK
- 9.4.5.1. UK: Surge Arrester Market, by Type, 2019-2032 (USD Billion)
- 9.4.5.2. UK: Surge Arrester Market, by Class, 2019-2032 (USD Billion)
- 9.4.5.3. UK: Surge Arrester Market, by Application, 2019-2032 (USD Billion)
- 9.4.5.4. UK: Surge Arrester Market, by End-User, 2019-2032 (USD Billion)
- 9.4.6. Surge Arrester Market - France
- 9.4.6.1. France: Surge Arrester Market, by Type, 2019-2032 (USD Billion)
- 9.4.6.2. France: Surge Arrester Market, by Class, 2019-2032 (USD Billion)
- 9.4.6.3. France: Surge Arrester Market, by Application, 2019-2032 (USD Billion)
- 9.4.6.4. France: Surge Arrester Market, by End-User, 2019-2032 (USD Billion)
- 9.4.7. Surge Arrester Market - Germany
- 9.4.7.1. Germany: Surge Arrester Market, by Type, 2019-2032 (USD Billion)
- 9.4.7.2. Germany: Surge Arrester Market, by Class, 2019-2032 (USD Billion)
- 9.4.7.3. Germany: Surge Arrester Market, by Application, 2019-2032 (USD Billion)
- 9.4.7.4. Germany: Surge Arrester Market, by End-User, 2019-2032 (USD Billion)
- 9.4.8. Surge Arrester Market - Italy
- 9.4.8.1. Italy: Surge Arrester Market, by Type, 2019-2032 (USD Billion)
- 9.4.8.2. Italy: Surge Arrester Market, by Class, 2019-2032 (USD Billion)
- 9.4.8.3. Italy: Surge Arrester Market, by Application, 2019-2032 (USD Billion)
- 9.4.8.4. Italy: Surge Arrester Market, by End-User, 2019-2032 (USD Billion)
- 9.4.9. Surge Arrester Market - Spain
- 9.4.9.1. Spain: Surge Arrester Market, by Type, 2019-2032 (USD Billion)
- 9.4.9.2. Spain: Surge Arrester Market, by Class, 2019-2032 (USD Billion)
- 9.4.9.3. Spain: Surge Arrester Market, by Application, 2019-2032 (USD Billion)
- 9.4.9.4. Spain: Surge Arrester Market, by End-User, 2019-2032 (USD Billion)
- 9.4.10. Surge Arrester Market - Netherlands
- 9.4.10.1. Netherlands: Surge Arrester Market, by Type, 2019-2032 (USD Billion)
- 9.4.10.2. Netherlands: Surge Arrester Market, by Class, 2019-2032 (USD Billion)
- 9.4.10.3. Netherlands: Surge Arrester Market, by Application, 2019-2032 (USD Billion)
- 9.4.10.4. Netherlands: Surge Arrester Market, by End-User, 2019-2032 (USD Billion)
- 9.4.11. Surge Arrester Market - Russia
- 9.4.11.1. Russia: Surge Arrester Market, by Type, 2019-2032 (USD Billion)
- 9.4.11.2. Russia.: Surge Arrester Market, by Class, 2019-2032 (USD Billion)
- 9.4.11.3. Russia: Surge Arrester Market, by Application, 2019-2032 (USD Billion)
- 9.4.11.4. Russia: Surge Arrester Market, by End-User, 2019-2032 (USD Billion)
- 9.5. Surge Arrester Market - Asia Pacific
- 9.5.1. Asia Pacific: Surge Arrester Market, by Type, 2019-2032 (USD Billion)
- 9.5.2. Asia Pacific: Surge Arrester Market, by Class, 2019-2032 (USD Billion)
- 9.5.3. Asia Pacific: Surge Arrester Market, by Application, 2019-2032 (USD Billion)
- 9.5.4. Asia Pacific: Surge Arrester Market, by End-User, 2019-2032 (USD Billion)
- 9.5.5. Surge Arrester Market - China
- 9.5.5.1. China: Surge Arrester Market, by Type, 2019-2032 (USD Billion)
- 9.5.5.2. China.: Surge Arrester Market, by Class, 2019-2032 (USD Billion)
- 9.5.5.3. China: Surge Arrester Market, by Application, 2019-2032 (USD Billion)
- 9.5.5.4. China: Surge Arrester Market, by End-User, 2019-2032 (USD Billion)
- 9.5.6. Surge Arrester Market - India
- 9.5.6.1. India: Surge Arrester Market, by Type, 2019-2032 (USD Billion)
- 9.5.6.2. India.: Surge Arrester Market, by Class, 2019-2032 (USD Billion)
- 9.5.6.3. India: Surge Arrester Market, by Application, 2019-2032 (USD Billion)
- 9.5.6.4. India: Surge Arrester Market, by End-User, 2019-2032 (USD Billion)
- 9.5.7. Surge Arrester Market - Japan
- 9.5.7.1. Japan: Surge Arrester Market, by Type, 2019-2032 (USD Billion)
- 9.5.7.2. Japan.: Surge Arrester Market, by Class, 2019-2032 (USD Billion)
- 9.5.7.3. Japan: Surge Arrester Market, by Application, 2019-2032 (USD Billion)
- 9.5.7.4. Japan: Surge Arrester Market, by End-User, 2019-2032 (USD Billion)
- 9.5.8. Surge Arrester Market - Malaysia
- 9.5.8.1. Malaysia: Surge Arrester Market, by Type, 2019-2032 (USD Billion)
- 9.5.8.2. Malaysia.: Surge Arrester Market, by Class, 2019-2032 (USD Billion)
- 9.5.8.3. Malaysia: Surge Arrester Market, by Application, 2019-2032 (USD Billion)
- 9.5.8.4. Malaysia: Surge Arrester Market, by End-User, 2019-2032 (USD Billion)
- 9.5.9. Surge Arrester Market - Indonesia
- 9.5.9.1. Indonesia: Surge Arrester Market, by Type, 2019-2032 (USD Billion)
- 9.5.9.2. Indonesia.: Surge Arrester Market, by Class, 2019-2032 (USD Billion)
- 9.5.9.3. Indonesia: Surge Arrester Market, by Application, 2019-2032 (USD Billion)
- 9.5.9.4. Indonesia: Surge Arrester Market, by End-User, 2019-2032 (USD Billion)
- 9.5.10. Surge Arrester Market - South Korea
- 9.5.10.1. South Korea: Surge Arrester Market, by Type, 2019-2032 (USD Billion)
- 9.5.10.2. South Korea.: Surge Arrester Market, by Class, 2019-2032 (USD Billion)
- 9.5.10.3. South Korea: Surge Arrester Market, by Application, 2019-2032 (USD Billion)
- 9.5.10.4. South Korea: Surge Arrester Market, by End-User, 2019-2032 (USD Billion)
- 9.6. Surge Arrester Market - Middle East & Africa
- 9.6.1. Middle East & Africa: Surge Arrester Market, by Type, 2019-2032 (USD Billion)
- 9.6.2. Middle East & Africa: Surge Arrester Market, by Class, 2019-2032 (USD Billion)
- 9.6.3. Middle East & Africa: Surge Arrester Market, by Application, 2019-2032 (USD Billion)
- 9.6.4. Middle East & Africa: Surge Arrester Market, by End-User, 2019-2032 (USD Billion)
- 9.6.5. Surge Arrester Market - Saudi Arabia
- 9.6.5.1. Saudi Arabia: Surge Arrester Market, by Type, 2019-2032 (USD Billion)
- 9.6.5.2. Saudi Arabia: Surge Arrester Market, by Class, 2019-2032 (USD Billion)
- 9.6.5.3. Saudi Arabia: Surge Arrester Market, by Application, 2019-2032 (USD Billion)
- 9.6.5.4. Saudi Arabia: Surge Arrester Market, by End-User, 2019-2032 (USD Billion)
- 9.6.6. Surge Arrester Market - South Africa
- 9.6.6.1. South Africa: Surge Arrester Market, by Type, 2019-2032 (USD Billion)
- 9.6.6.2. South Africa: Surge Arrester Market, by Class, 2019-2032 (USD Billion)
- 9.6.6.3. South Africa: Surge Arrester Market, by Application, 2019-2032 (USD Billion)
- 9.6.6.4. South Africa: Surge Arrester Market, by End-User, 2019-2032 (USD Billion)
- 9.6.7. Surge Arrester Market - Israel
- 9.6.7.1. Israel: Surge Arrester Market, by Type, 2019-2032 (USD Billion)
- 9.6.7.2. Israel: Surge Arrester Market, by Class, 2019-2032 (USD Billion)
- 9.6.7.3. Israel: Surge Arrester Market, by Application, 2019-2032 (USD Billion)
- 9.6.7.4. Israel: Surge Arrester Market, by End-User, 2019-2032 (USD Billion)
- 9.6.8. Surge Arrester Market - UAE
- 9.6.8.1. UAE: Surge Arrester Market, by Type, 2019-2032 (USD Billion)
- 9.6.8.2. UAE: Surge Arrester Market, by Class, 2019-2032 (USD Billion)
- 9.6.8.3. UAE: Surge Arrester Market, by Application, 2019-2032 (USD Billion)
- 9.6.8.4. UAE: Surge Arrester Market, by End-User, 2019-2032 (USD Billion)
- 9.7. Surge Arrester Market - Latin America
- 9.7.1. Latin America: Surge Arrester Market, by Type, 2019-2032 (USD Billion)
- 9.7.2. Latin America: Surge Arrester Market, by Class, 2019-2032 (USD Billion)
- 9.7.3. Latin America: Surge Arrester Market, by Application, 2019-2032 (USD Billion)
- 9.7.4. Latin America: Surge Arrester Market, by End-User, 2019-2032 (USD Billion)
- 9.7.5. Surge Arrester Market - Mexico
- 9.7.5.1. Mexico: Surge Arrester Market, by Type, 2019-2032 (USD Billion)
- 9.7.5.2. Mexico: Surge Arrester Market, by Class, 2019-2032 (USD Billion)
- 9.7.5.3. Mexico: Surge Arrester Market, by Application, 2019-2032 (USD Billion)
- 9.7.5.4. Mexico: Surge Arrester Market, by End-User, 2019-2032 (USD Billion)
- 9.7.6. Surge Arrester Market - Brazil
- 9.7.6.1. Brazil: Surge Arrester Market, by Type, 2019-2032 (USD Billion)
- 9.7.6.2. Brazil: Surge Arrester Market, by Class, 2019-2032 (USD Billion)
- 9.7.6.3. Brazil: Surge Arrester Market, by Application, 2019-2032 (USD Billion)
- 9.7.6.4. Brazil: Surge Arrester Market, by End-User, 2019-2032 (USD Billion)
- 9.7.7. Surge Arrester Market - Argentina
- 9.7.7.1. Argentina: Surge Arrester Market, by Type, 2019-2032 (USD Billion)
- 9.7.7.2. Argentina: Surge Arrester Market, by Class, 2019-2032 (USD Billion)
- 9.7.7.3. Argentina: Surge Arrester Market, by Application, 2019-2032 (USD Billion)
- 9.7.7.4. Argentina: Surge Arrester Market, by End-User, 2019-2032 (USD Billion)
10. Competitive Landscape
- 10.1. Expansion and Acquisition Analysis
- 10.1.1. Expansion
- 10.1.2. Acquisitions
- 10.2. Partnerships/Collaborations/Agreements/Exhibitions
11. Company Profiles
- 11.1. CG Power and Industrial Solutions Ltd.
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Product Benchmarking
- 11.1.4. Recent Development
- 11.2. Eaton Corporation
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Product Benchmarking
- 11.2.4. Recent Development
- 11.3. General Electric Company
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Product Benchmarking
- 11.3.4. Recent Development
- 11.4. Hakel
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Product Benchmarking
- 11.4.4. Recent Development
- 11.5. Hitachi ABB
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Product Benchmarking
- 11.5.4. Recent Development
- 11.6. Hubbell Power Systems
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Product Benchmarking
- 11.6.4. Recent Development
- 11.7. INAEL Electrical Systems
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Product Benchmarking
- 11.7.4. Recent Development
- 11.8. Legrand
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Product Benchmarking
- 11.8.4. Recent Development
- 11.9. Mitsubishi Electric
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Product Benchmarking
- 11.9.4. Recent Development
- 11.10. Schneider Electric
- 11.10.1. Company Overview
- 11.10.2. Financial Performance
- 11.10.3. Product Benchmarking
- 11.10.4. Recent Development
- 11.11. Siemens Energy
- 11.11.1. Company Overview
- 11.11.2. Financial Performance
- 11.11.3. Product Benchmarking
- 11.11.4. Recent Development
- 11.12. TE Connectivity Ltd.
- 11.12.1. Company Overview
- 11.12.2. Financial Performance
- 11.12.3. Product Benchmarking
- 11.12.4. Recent Development
- 11.13. Toshiba Corporation
- 11.13.1. Company Overview
- 11.13.2. Financial Performance
- 11.13.3. Product Benchmarking
- 11.13.4. Recent Development
- 11.14. Tripp Lite
- 11.14.1. Company Overview
- 11.14.2. Financial Performance
- 11.14.3. Product Benchmarking
- 11.14.4. Recent Development