Market Overview

The Global Surge Arresters Market was valued at USD 1,763.8 million in 2023 and is expected to reach USD 2,586.1 million by 2031 while growing at a CAGR of 4.9% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global surge arresters market growth. Surge arresters, also called surge protectors, shield electrical devices from voltage spikes caused by factors like lightning, power grid fluctuations, or switching operations. They divert or suppress surges, acting as a barrier to prevent damage.

Increasing instances of lightning strikes and growing dependence on electronic devices drive the growth of the surge arresters market. However, obstacles like high initial costs and limited awareness may hinder its expansion.

Furthermore, the global surge arresters industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Voltage Analysis

The Global Surge Arresters Market is segmented among Low Voltage, Medium Voltage, and High Voltage, based on Voltage. In 2023, Medium Voltage accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Application Analysis

The Global Surge Arresters Market is segmented among Industrial, Commercial, and Residential, based on Application. In 2023, Industrial accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Surge Arresters Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are ABB Ltd., CG Power and Industrial Solutions Ltd, Eaton Corporation PLC, Emerson Electric Co., Legrand SA, Siemens AG, Mitsubishi Electric Corporation, Raycap Corporation SA, Schneider Electric SE, General Electric Company, and Advanced Protection Technologies Inc.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Surge Arresters Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Surge Arresters Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Surge Arresters Market Segmentation, By Voltage

• Global Surge Arresters Market Share Analysis, By Voltage

• Global Surge Arresters Market Growth Analysis, By Voltage

• Global Surge Arresters Market Trends, By Voltage

o Low Voltage

o Medium Voltage

o High Voltage

6. Global Surge Arresters Market Segmentation, By Application

• Global Surge Arresters Market Share Analysis, By Application

• Global Surge Arresters Market Growth Analysis, By Application

• Global Surge Arresters Market Trends, By Application

o Industrial

o Commercial

o Residential

7. Global Surge Arresters Market Segmentation, By Region

• Global Surge Arresters Market Share Analysis, By Region

• Global Surge Arresters Market Growth Analysis, By Region

• Global Surge Arresters Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• ABB Ltd.*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• CG Power and Industrial Solutions Ltd

• Eaton Corporation PLC

• Emerson Electric Co.

• Legrand SA

• Siemens AG

• Mitsubishi Electric Corporation

• Raycap Corporation SA

• Schneider electric SE

• General Electric Company

• Advanced Protection Technologies Inc

 *Similar analysis will be provided for each company listed above.