As per Intent Market Research, the Surge Arrester Market was valued at USD 1.8 Billion in 2024-e and will surpass USD 2.5 Billion by 2030; growing at a CAGR of 6.0% during 2025 - 2030.
The surge arrester market is witnessing significant growth driven by the increasing demand for electrical protection solutions across various industries. Surge arresters play a critical role in protecting electrical systems and equipment from voltage surges caused by lightning strikes or switching operations. As industries and residential sectors become more reliant on electricity for their operations and daily functions, the demand for surge arresters to safeguard electrical infrastructures is rising. This market is further driven by the expansion of renewable energy systems, the need for reliable power distribution, and ongoing investments in transmission and distribution networks.
Polymer Surge Arresters Lead the Market in Terms of Type
Polymer surge arresters are the largest segment in the surge arrester market due to their superior performance, lightweight design, and ease of installation compared to porcelain-based alternatives. These arresters offer enhanced resistance to environmental factors such as corrosion, humidity, and pollution, making them highly suitable for outdoor applications and regions with harsh weather conditions. Their growing adoption in transmission and distribution networks, as well as industrial machinery, is contributing to their dominance in the market. The shift towards polymer surge arresters is also driven by their cost-effectiveness and long lifespan, making them an attractive option for utilities and industrial sectors.
.JPG)
Medium Voltage Surge Arresters Drive Market Growth
Medium voltage surge arresters are witnessing the fastest growth in the market due to the increasing need for electrical protection in medium voltage grids, substations, and industrial machinery. As industries and utilities expand their infrastructure to meet growing power demand, medium voltage surge arresters are crucial for safeguarding equipment and preventing damage from transient voltage surges. These arresters are particularly valuable in protecting critical systems, such as electrical control panels, motors, and transformers, which are essential for maintaining operational efficiency. Their ability to handle medium voltage levels while providing reliable protection is making them the preferred choice for both utilities and industrial sectors.
Transmission and Distribution Drives Surge Arrester Application Growth
The transmission and distribution segment represents the largest application for surge arresters, owing to the extensive use of surge protection in power grids and infrastructure. With the expansion of electrical grids and the increasing integration of renewable energy systems, surge arresters play an essential role in maintaining grid stability and preventing equipment damage. The transmission and distribution networks are highly susceptible to surges caused by lightning strikes, switching operations, and other disturbances, which makes surge arresters indispensable in ensuring the safety and reliability of electrical systems. As the demand for electricity continues to rise globally, the transmission and distribution sector will remain the key driver for surge arrester adoption.
Utilities Segment Leads End-User Demand
The utilities sector is the largest end-user of surge arresters due to the critical need for voltage surge protection in power generation, transmission, and distribution systems. Utilities require high-quality surge protection solutions to safeguard infrastructure, including transformers, power lines, and substations, from damage caused by transient voltage events. The increasing investments in grid modernization, smart grids, and the integration of renewable energy sources are driving the need for reliable surge arresters. As utilities continue to expand their networks and enhance operational efficiency, surge arresters will remain a vital component in their infrastructure protection strategies.
Asia Pacific Emerges as the Fastest-Growing Region
The Asia Pacific region is the fastest-growing market for surge arresters, driven by rapid industrialization, urbanization, and infrastructure development. Countries like China and India are experiencing substantial growth in their power transmission and distribution networks, fueled by rising electricity demand and the push for renewable energy integration. Additionally, the region's growing manufacturing and industrial sectors require surge protection solutions for machinery and electrical systems. With ongoing investments in grid modernization and an increasing focus on energy efficiency, the Asia Pacific market is expected to experience significant growth in the coming years.
.JPG)
Competitive Landscape and Leading Players
The surge arrester market is highly competitive, with several global and regional players offering a wide range of products tailored to specific applications and voltage ratings. Leading companies include ABB, Siemens, Schneider Electric, General Electric, and Eaton, which are at the forefront of innovation in surge protection technologies. These companies are focused on developing advanced surge arresters that meet the evolving needs of the power, industrial, and residential sectors. Additionally, strategic partnerships, acquisitions, and the development of smart surge arresters are shaping the competitive landscape. The market is also witnessing the emergence of regional players that cater to local demand with customized solutions.
List of Leading Companies:
- ABB Ltd.
- Siemens AG
- General Electric
- Schneider Electric
- Eaton Corporation plc
- Hubbell Incorporated
- TE Connectivity Ltd.
- Hitachi Energy
- Mitsubishi Electric Corporation
- CG Power and Industrial Solutions Limited
- Lamco Industries Pvt. Ltd.
- Toshiba Corporation
- Meidensha Corporation
- Elpro International Ltd.
- DEHN SE
Recent Developments:
- ABB Ltd. launched a new polymer surge arrester designed for renewable energy systems in December 2024.
- Siemens AG expanded its product line with high-performance surge arresters for industrial applications in November 2024.
- Eaton Corporation plc announced a partnership with utility providers to deploy advanced surge protection solutions in October 2024.
- Hitachi Energy introduced a compact surge arrester model for urban substations in September 2024.
- Toshiba Corporation unveiled a high-voltage surge arrester optimized for grid stability in August 2024.
Report Scope:
|
Report Features |
Description |
|
Market Size (2024-e) |
USD 1.8 Billion |
|
Forecasted Value (2030) |
USD 2.5 Billion |
|
CAGR (2025 – 2030) |
6.0% |
|
Base Year for Estimation |
2024-e |
|
Historic Year |
2023 |
|
Forecast Period |
2025 – 2030 |
|
Report Coverage |
Market Forecast, Market Dynamics, Competitive Landscape, Recent Developments |
|
Segments Covered |
Surge Arrester Market By Type (Polymer Surge Arresters, Porcelain Surge Arresters), By Voltage Rating (Low Voltage Surge Arresters, Medium Voltage Surge Arresters, High Voltage Surge Arresters), By Application (Transmission and Distribution, Substations, Industrial Machinery, Residential Applications, Renewable Energy Systems), By End-User (Utilities, Industrial, Residential, Commercial Buildings) |
|
Regional Analysis |
North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Australia, India, and Rest of Asia-Pacific), Latin America (Brazil, Argentina, and Rest of Latin America), Middle East & Africa (Saudi Arabia, UAE, Rest of Middle East & Africa) |
|
Major Companies |
ABB Ltd., Siemens AG, General Electric, Schneider Electric, Eaton Corporation plc, Hubbell Incorporated, Hitachi Energy, Mitsubishi Electric Corporation, CG Power and Industrial Solutions Limited, Lamco Industries Pvt. Ltd., Toshiba Corporation, Meidensha Corporation, DEHN SE |
|
Customization Scope |
Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements |
Frequently Asked Questions
The Surge Arrester Market was valued at USD 1.8 Billion in 2024-e and is expected to grow at a CAGR of 6.0% from 2025 to 2030.
The surge arrester market focuses on devices designed to protect electrical equipment from voltage spikes caused by lightning or switching surges.
Surge arresters are broadly categorized into polymer and porcelain types, each catering to specific applications and environmental conditions.
Surge arresters are classified into low voltage, medium voltage, and high voltage categories, depending on their application requirements.
Utilities, industrial facilities, residential buildings, and renewable energy systems are the primary users of surge arresters.
|
1. Introduction |
|
1.1. Market Definition |
|
1.2. Scope of the Study |
|
1.3. Research Assumptions |
|
1.4. Study Limitations |
|
2. Research Methodology |
|
2.1. Research Approach |
|
2.1.1. Top-Down Method |
|
2.1.2. Bottom-Up Method |
|
2.1.3. Factor Impact Analysis |
|
2.2. Insights & Data Collection Process |
|
2.2.1. Secondary Research |
|
2.2.2. Primary Research |
|
2.3. Data Mining Process |
|
2.3.1. Data Analysis |
|
2.3.2. Data Validation and Revalidation |
|
2.3.3. Data Triangulation |
|
3. Executive Summary |
|
3.1. Major Markets & Segments |
|
3.2. Highest Growing Regions and Respective Countries |
|
3.3. Impact of Growth Drivers & Inhibitors |
|
3.4. Regulatory Overview by Country |
|
4. Surge Arrester Market, by Type (Market Size & Forecast: USD Million, 2023 – 2030) |
|
4.1. Polymer Surge Arresters |
|
4.2. Porcelain Surge Arresters |
|
5. Surge Arrester Market, by Voltage Rating (Market Size & Forecast: USD Million, 2023 – 2030) |
|
5.1. Low Voltage Surge Arresters |
|
5.2. Medium Voltage Surge Arresters |
|
5.3. High Voltage Surge Arresters |
|
6. Surge Arrester Market, by Application (Market Size & Forecast: USD Million, 2023 – 2030) |
|
6.1. Transmission and Distribution |
|
6.2. Substations |
|
6.3. Industrial Machinery |
|
6.4. Residential Applications |
|
6.5. Renewable Energy Systems |
|
7. Surge Arrester Market, by End-User (Market Size & Forecast: USD Million, 2023 – 2030) |
|
7.1. Utilities |
|
7.2. Industrial |
|
7.3. Residential |
|
7.4. Commercial Buildings |
|
8. Regional Analysis (Market Size & Forecast: USD Million, 2023 – 2030) |
|
8.1. Regional Overview |
|
8.2. North America |
|
8.2.1. Regional Trends & Growth Drivers |
|
8.2.2. Barriers & Challenges |
|
8.2.3. Opportunities |
|
8.2.4. Factor Impact Analysis |
|
8.2.5. Technology Trends |
|
8.2.6. North America Surge Arrester Market, by Type |
|
8.2.7. North America Surge Arrester Market, by Voltage Rating |
|
8.2.8. North America Surge Arrester Market, by Application |
|
8.2.9. North America Surge Arrester Market, by End-User |
|
8.2.10. By Country |
|
8.2.10.1. US |
|
8.2.10.1.1. US Surge Arrester Market, by Type |
|
8.2.10.1.2. US Surge Arrester Market, by Voltage Rating |
|
8.2.10.1.3. US Surge Arrester Market, by Application |
|
8.2.10.1.4. US Surge Arrester Market, by End-User |
|
8.2.10.2. Canada |
|
8.2.10.3. Mexico |
|
*Similar segmentation will be provided for each region and country |
|
8.3. Europe |
|
8.4. Asia-Pacific |
|
8.5. Latin America |
|
8.6. Middle East & Africa |
|
9. Competitive Landscape |
|
9.1. Overview of the Key Players |
|
9.2. Competitive Ecosystem |
|
9.2.1. Level of Fragmentation |
|
9.2.2. Market Consolidation |
|
9.2.3. Product Innovation |
|
9.3. Company Share Analysis |
|
9.4. Company Benchmarking Matrix |
|
9.4.1. Strategic Overview |
|
9.4.2. Product Innovations |
|
9.5. Start-up Ecosystem |
|
9.6. Strategic Competitive Insights/ Customer Imperatives |
|
9.7. ESG Matrix/ Sustainability Matrix |
|
9.8. Manufacturing Network |
|
9.8.1. Locations |
|
9.8.2. Supply Chain and Logistics |
|
9.8.3. Product Flexibility/Customization |
|
9.8.4. Digital Transformation and Connectivity |
|
9.8.5. Environmental and Regulatory Compliance |
|
9.9. Technology Readiness Level Matrix |
|
9.10. Technology Maturity Curve |
|
9.11. Buying Criteria |
|
10. Company Profiles |
|
10.1. ABB Ltd. |
|
10.1.1. Company Overview |
|
10.1.2. Company Financials |
|
10.1.3. Product/Service Portfolio |
|
10.1.4. Recent Developments |
|
10.1.5. IMR Analysis |
|
*Similar information will be provided for other companies |
|
10.2. Siemens AG |
|
10.3. General Electric |
|
10.4. Schneider Electric |
|
10.5. Eaton Corporation plc |
|
10.6. Hubbell Incorporated |
|
10.7. TE Connectivity Ltd. |
|
10.8. Hitachi Energy |
|
10.9. Mitsubishi Electric Corporation |
|
10.10. CG Power and Industrial Solutions Limited |
|
10.11. Lamco Industries Pvt. Ltd. |
|
10.12. Toshiba Corporation |
|
10.13. Meidensha Corporation |
|
10.14. Elpro International Ltd. |
|
10.15. DEHN SE |
|
11. Appendix |
A comprehensive market research approach was employed to gather and analyze data on the Surge Arrester Market . In the process, the analysis was also done to analyze the parent market and relevant adjacencies to measure the impact of them on the Surge Arrester Market . The research methodology encompassed both secondary and primary research techniques, ensuring the accuracy and credibility of the findings.
.jpg)
Secondary Research
Secondary research involved a thorough review of pertinent industry reports, journals, articles, and publications. Additionally, annual reports, press releases, and investor presentations of industry players were scrutinized to gain insights into their market positioning and strategies.
Primary Research
Primary research involved conducting in-depth interviews with industry experts, stakeholders, and market participants across the E-Waste Management ecosystem. The primary research objectives included:
- Validating findings and assumptions derived from secondary research
- Gathering qualitative and quantitative data on market trends, drivers, and challenges
- Understanding the demand-side dynamics, encompassing end-users, component manufacturers, facility providers, and service providers
- Assessing the supply-side landscape, including technological advancements and recent developments
Market Size Assessment
A combination of top-down and bottom-up approaches was utilized to analyze the overall size of the Surge Arrester Market . These methods were also employed to assess the size of various subsegments within the market. The market size assessment methodology encompassed the following steps:
- Identification of key industry players and relevant revenues through extensive secondary research
- Determination of the industry's supply chain and market size, in terms of value, through primary and secondary research processes
- Calculation of percentage shares, splits, and breakdowns using secondary sources and verification through primary sources
.jpg)
Data Triangulation
To ensure the accuracy and reliability of the market size, data triangulation was implemented. This involved cross-referencing data from various sources, including demand and supply side factors, market trends, and expert opinions. Additionally, top-down and bottom-up approaches were employed to validate the market size assessment.