According to a market report by Lucintel, the future of the global surge arrester market looks promising with opportunities in the utility, industry, and transportation markets. The global surge arrester market is expected to reach an estimated $2.4 billion by 2030 with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are escalating demand for reliable and continuous power supply, rapid expansion of smart cities, and increasing focus on replacing aging equipment in power infrastructure.

In this market, polymeric and porcelain are the two major segments of surge arrester market by type.
Lucintel forecast that polymeric is expected to witness higher growth over the forecast period due to their light weight, ease of maintenance, improved performance in contaminated settings, and high energy handling capacity.
Within this market, utility is expected to witness higher growth over the forecast period.

APAC is expected to witness highest growth over the forecast period due to rising demand for advanced renewable power generation capacity and continual growth of industrial, residential and commercial sectors in the region.

Hitachi, ABB, Siemens Energy, General Electric, Eaton, Hubbell, CG Power, Schneider Electric, Meidensha, Mitsubishi Electric, and Toshiba are the major suppliers in the surge arrester market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]