Surge Arrester Market 2025: The Critical Role of Rising Global Electricity Demand Fuels Growth In The Surge Arrester Market Driver in Industry Evolution

 



The surge arrester market size has grown strongly in recent years. It will grow from $2.28 billion in 2024 to $2.46 billion in 2025 at a compound annual growth rate (CAGR) of 7.6%.  The growth in the historic period can be attributed to the rise in power consumption, increasing government investments to support energy infrastructure, strong economic growth in emerging markets and increasing investments in transmission and distribution (T&D) networks.

The surge arrester market size is expected to see strong growth in the next few years. It will grow to $3.34 billion in 2029 at a compound annual growth rate (CAGR) of 7.9%.  The growth in the forecast period can be attributed to the increasing demand for electricity, growing investments in renewable energy and rapid industrialization and growth in manufacturing industries. Major trends in the forecast period include focus on developing new technological solutions, focus on launching IoT (internet of things) connected devices and solutions, focus on expanding production facilities and focus on mergers and acquisitions.

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What key drivers have fueled the surge arrester market’s development over the years?
The growing electricity demand supports the growth of the market. The increasing electricity demand can be attributed to growing populations and increasing use of electrical and electronic appliances, especially in developing countries such as China, India, Brazil and some African countries.For instance, in August 2024, according to the World Economic Forum, a Switzerland-based non-governmental organization, Electricity demand is expected to rise by approximately 4% in 2024, a notable increase from 2.5% in 2023. Renewable electricity sources are expected to expand rapidly, from 30% in 2023 to 35% in 2025. Therefore, growing electricity demand is driving growth in the surge arrester market.

What is the segmentation for the surge arrester market?
The surge arrester market covered in this report is segmented –
1) By Type: Polymeric, Porcelain
2) By Voltage Type: Low Voltage Surge Arresters, Medium Voltage Surge Arresters, High Voltage Surge Arresters
3) By End-User: Utilities, Industries, Transportation, Other End-Users
4) By Application: AIS (Air Insulated Switchgear), GIS (Gas Insulated Switchgear)
5) By Class: Distribution Class, Intermediate Class, Station Class

Subsegments:
1) By Polymeric: Silicone Rubber Surge Arresters, Ethylene Propylene Diene Monomer (EPDM) Surge Arresters
2) By Porcelain: Station Class Porcelain Surge Arresters, Distribution Class Porcelain Surge Arresters


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Who are the most influential companies in the surge arrester market?
Major companies operating in the surge arrester market include  Siemens Energy, General Electric, Schneider Electric, Hubbell, Hitachi, CG Power And Industrial Solutions Ltd, Mitsubishi Electric, Legrand Sa, Eaton Corporation Plc, Meidensha, Valuepower Earthing Private Limited, Ideal Engineers, Pentagon Earthing & Lightning Arrester, Abcot Lighting Protection System Private Limited, Hangzhou Yongde Electric Appliances Co Ltd, Yueqing Sarah Electrical Technology Co Ltd, Wenzhou Yikun Electric Co. Ltd, Yueqing Wortai Electric Co. Ltd, Zhejiang Haivo Electrical Co. Ltd, Zhejiang Zhongneng Electrical Co. Ltd, Otowa Electric Co. Ltd, Ngk Insulators, Abb, Emerson Electric, Hakel Spol. S R., Vertiv, Te Connectivity, Lamco, Leviton Manufacturing, Raycap Corporation Sa, Interconexion Electrica, Enel X, Al Yamuna Densons, Dehn, Saudi Electricity Company

What are the top industry trends projected to impact the surge arrester market?
Major companies operating in the surge arrester market are focused on developing new technological solutions to strengthen their position in the market. For example, in November 2022, Hitachi ABB Power Grids (Hitachi Energy), a Swiss manufacturer and developer of power transformers and substations, launched a new digital solution designed to improve grid resilience against wildfires. The new Wireless Spark Prevention Unit (SPU) Indicator assists utilities in maintaining critical assets by enabling remote monitoring and improved maintenance and replacement planning.

What are the major regional insights for the surge arrester market, and which region holds the top position?
The countries covered in the surge arrester market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

What Does The Surge Arrester Market Report 2025 Offer?
The surge arrester market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.

A surge arrester refers to a protective device for limiting voltage on equipment by discharging or bypassing surge current in substations, such as transformers, circuit breakers, and bushings, against the effects of lightning and switching surges. It prevents continued to flow to follow current to ground and it is capable of repeating these functions as specified per ANSI standard C62.

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