Global Distribution Surge Arrester Market Overview:
As per MRFR analysis, the Distribution Surge Arrester Market Size was estimated at 1.47 (USD Billion) in 2022.The Distribution Surge Arrester Market Industry is expected to grow from 1.53(USD Billion) in 2023 to 2.2 (USD Billion) by 2032. The Distribution Surge Arrester Market CAGR (growth rate) is expected to be around 4.13% during the forecast period (2024 - 2032).
Key Distribution Surge Arrester Market Trends Highlighted
The distribution surge arresters’ market is likely to witness healthy growth on account of the rising need for electrical protection in the supply-side distribution networks. Utilities and the industrial sector are increasingly using distribution surge arresters in order to protect their valuable electrical devices from voltage transients and surges resulting from lightning, switching actions, or other electrical disturbances.
The demand for smart surge arresters, which are capable of detecting and reporting on grid conditions to improve performance, has also been increasing. There is also the increasing use of alternative energy sources such as wind and solar power, which is increasing the need for novel surge protection systems that accommodate these power systems’ electrical design.
In order to grab the prospects in this creasing market, companies should aim at creating emerging technologies for more enhanced utilities and industries. This includes designing and developing smart surge arresters equipped with sophisticated monitoring features and surge protection systems designed to suit renewable energy systems. By addressing these business opportunities, companies can prepare for the growth anticipated in the distribution surge arrester market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Distribution Surge Arrester Market Drivers
Increasing Demand for Reliable Power Distribution
The purpose of Distribution surge arresters is to prevent high-voltage transients that can adversely affect the electrical distribution systems and their associated equipment. The increasing demand for effective and dependable electricity distribution, especially in underdeveloped regions, is necessitating the use of more efficient surge protection strategies. It is anticipated that such a trend will remain in place since there has been increased financing of remodeling and broadening of the grids which offers endless possibilities for the Expansion of the Distribution Surge Arrester Market Industry.
Advancements in Surge Protection Technology
New materials and designs for achieving improved surge arresters’ performance and reliability are facilitated through geometry realization. Or, to put it differently, technological progress opens the way for the introduction of new insulations, enhancement of production techniques, and better design configuration. Leading companies are developing other types of surge arresters that will have higher surge handling capability response time to where the target is and easier maintenance than those that are presently in use.
The examined innovations increase the efficiency of the implementation of a distribution surge arrester system, which, in turn, does set a market size for the Distribution Surge Arrester Market Industry.
Growing Focus on Grid Resilience and Reliability
Any state’s government, as well as other organizations such as utility providers around the world are within the trend of giving emphasis on grid resilience and grid reliability in order to limit power outages and disruption. These objectives are delivered through the use of surge arresters that protect the distribution systems against surge over voltage due to lightning, switching, or any other electrical activities. As these surge arresters are prerequisites for having a stable and reliable electrical grid, the increasing focus on grid modernization and resilience will also boost the need for these distribution surge arresters.
Distribution Surge Arrester Market Segment Insights:
Distribution Surge Arrester Market Material Insights
Material Segment Insights and Overview The material segment of the Distribution Surge Arrester Market is expected to witness significant growth over the forecast period. Key materials used in Distribution Surge Arresters (DSAs) include Polymer, Ceramic, Composite, and Silicone, each offering unique advantages and applications. Polymer: Polymer-based DSAs are gaining popularity due to their lightweight, flexibility, and low cost. They provide excellent insulation properties and are resistant to moisture and harsh environmental conditions. The global Polymer DSA market size is projected to reach USD 545.2 million by 2024, growing at a CAGR of 4.8%.Ceramic: Ceramic-based DSAs offer high dielectric strength, durability, and thermal stability. They are suitable for high-voltage applications and can withstand extreme temperatures. The global Ceramic DSA market size is estimated to be valued at USD 420.3 million in 2024, growing at a CAGR of 4.3%. Composite: Composite-based DSAs combine the properties of different materials, such as polymers and ceramics, to provide enhanced performance. They offer a balance of strength, flexibility, and dielectric properties. The global Composite DSA market size is anticipated to reach USD 295.1 million by 2024, growing at a CAGR of 5.1%.Silicone: Silicone-based DSAs are characterized by their high-temperature resistance, flexibility, and hydrophobicity. They are primarily used in outdoor applications and can withstand harsh weather conditions. The global Silicone DSA market size is projected to reach USD 230.6 million by 2024, growing at a CAGR of 4.6%. The choice of material for DSAs depends on factors such as voltage rating, environmental conditions, and specific application requirements. Polymer and composite DSAs are commonly used in low- and medium-voltage distribution systems, while ceramic and silicone DSAs are preferred for high-voltage applications and harsh environments.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Distribution Surge Arrester Market Voltage Rating Insights
The Distribution Surge Arrester Market is segmented by voltage rating as 1 kV, 1-3 kV, 3-6 kV, 6-10 kV, 10-15 kV, and >15 kV. The 1-3 kV segment is estimated to hold the largest share of the market in 2023; it is expected to account for more than 35% of the global market revenue. This is because the 1-3 kV distribution systems are extensively used in residential, commercial, and industrial applications. The >15 kV segment is anticipated to be the fastest-growing during the forecast period. It is attributed to the ever-increasing applications of vehicles by use high voltage distribution to transmit power over long distances and the growing need for reliable and efficient power distribution networks.The Distribution Surge Arrester Market is growing in demand globally.
Distribution Surge Arrester Market Protection Level Insights
The Protection Level segment of the Distribution Surge Arrester Market is categorized into Low, Medium, and High. Among these, the High Protection Level segment is anticipated to capture a significant share of the market. This growth can be attributed to the increasing demand for high-voltage distribution systems and stringent regulatory requirements for overvoltage protection. The Medium Protection Level segment is also expected to witness steady growth due to its wide applicability in industrial and commercial applications. The Low Protection Level segment, on the other hand, is likely to experience moderate growth owing to its limited usage in low-voltage distribution networks.
Distribution Surge Arrester Market Application Insights
The application segment of the Distribution Surge Arrester Market is categorized into overhead lines, underground cables, distribution transformers, and industrial equipment. Among these, overhead lines held the largest market share in 2023, accounting for around 35% of the global revenue. This dominance is attributed to the extensive use of overhead lines for power transmission and distribution networks worldwide. The underground cables segment is projected to witness significant growth during the forecast period, owing to the increasing adoption of underground cabling for enhanced reliability and reduced power losses.Distribution transformers and industrial equipment are also expected to contribute to the market growth, driven by the rising demand for electrical protection in various industries and commercial settings.
Distribution Surge Arrester Market Installation Type Insights
The Distribution Surge Arrester Market is segmented by Installation Type into Indoor and Outdoor. The Outdoor segment is expected to hold a larger market share in 2023, accounting for approximately 65% of the Distribution Surge Arrester Market revenue. This is due to the increasing demand for outdoor electrical distribution systems in various industries, such as utilities, manufacturing, and transportation. The Indoor segment is also expected to grow at a steady pace, driven by the rising adoption of surge arresters in commercial and residential buildings to protect sensitive electronic equipment from voltage spikes and transients.
Distribution Surge Arrester Market Regional Insights
The regional segmentation of the Distribution Surge Arrester Market offers valuable insights into the market's geographical distribution and growth potential. North America holds a significant market share due to the presence of developed economies and stringent grid infrastructure regulations. Europe follows closely, driven by government initiatives promoting renewable energy integration and grid modernization. APAC is expected to witness substantial growth, attributed to rapidly expanding power generation and transmission networks in developing countries like China and India.South America and MEA are emerging markets with increasing demand for distribution surge arresters as they upgrade their electrical infrastructure. These regions present lucrative growth opportunities for market participants.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Distribution Surge Arrester Market Key Players And Competitive Insights:
The Distribution Surge Arrester Market is flourishing, with the main players continuously upgrading their products and technologies. A significant proportion of the leading players in the Distribution Surge Arrester Market, such as ABB are growing rapidly and heavily investing in R&D to offer surge arresters that are more efficient and reliable. The constant need for more reliable power distribution drives the growth of the Distribution Surge Arrester Market. The cities are growing; the demand for utilities is growing as well, all that with growing awareness about the importance of protective measures and action by the government. ABB is a multinational and one of the largest power and automation technology companies with operations in more than 100 countries. ABB provides a wide range of products, including low-voltage, medium-voltage, and high-voltage surge arresters, to efficiently protect the electrical system from harmful power surges. Additionally, ABB provides a range of services, including surge consulting, protection designs, installation, and other services to ensure the best possible surge protection on the customer premises. ABB is the official partner of the Formula-E electric car racing series and is driving efforts for the electrification of transit. Overall, ABB is in a very strong position in the Distribution Surge Arrester Market and is considered one of the best companies to work for in the electrical/electronic manufacturing industry. Schneider Electric is another top product provider with a variety of products as a part of its surge arrester product range. Schneider Electric offers metal-oxide varistors, gapped silicon-carbide, and silicon-avalanche diode-based surge arresters. Both companies are the leading players in the industry and offer some of the best surge protection solutions available on the market.
Key Companies in the Distribution Surge Arrester Market Include:
- Mersen
- FSP
- Mitsubishi Electric
- Schneider Electric
- Hubbell Incorporated
- Raychem
- Ametek
- GE
- LS Industrial Systems
- Powell Industries
- Tafisa
- Siemens
- PowerShield
- Eaton
- ABB
Distribution Surge Arrester Market Industry Developments
The Distribution Surge Arrester Market is projected to reach USD 2.2 billion by 2032, exhibiting a CAGR of 4.13% during the forecast period 2024-2032. The market growth is attributed to the increasing demand for reliable and efficient power distribution systems, coupled with the rising adoption of renewable energy sources.Technological advancements, such as the development of compact and lightweight surge arresters, are further driving market growth. The growing emphasis on grid modernization and the need to protect critical infrastructure from power surges are also contributing to the market demand.
Distribution Surge Arrester Market Segmentation Insights
Distribution Surge Arrester Market Material Outlook
- Polymer
- Ceramic
- Composite
- Silicone
Distribution Surge Arrester Market Voltage Rating Outlook
- 1 kV
- 1-3 kV
- 3-6 kV
- 6-10 kV
- 10-15 kV
- >15 kV
Distribution Surge Arrester Market Protection Level Outlook
Distribution Surge Arrester Market Application Outlook
- Overhead Lines
- Underground Cables
- Distribution Transformers
- Industrial Equipment
Distribution Surge Arrester Market Installation Type Outlook
Distribution Surge Arrester Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
1.47(USD Billion) |
| Market Size 2023 |
1.53(USD Billion) |
| Market Size 2032 |
2.2(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
4.13% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Mersen, FSP, Mitsubishi Electric, Schneider Electric, Hubbell Incorporated, Raychem, Ametek, GE, LS Industrial Systems, Powell Industries, Tafisa, Siemens, PowerShield, Eaton, ABB |
| Segments Covered |
Material, Voltage Rating, Protection Level, Application, Installation Type, Regional |
| Key Market Opportunities |
1 Growing demand in power distribution networks2 Increasing urbanization and industrialization3 Climate change and extreme weather events4 Technological advancements in surge protection5 Smart grid infrastructure development |
| Key Market Dynamics |
Growing demand for renewable energy Smart grid development Increasing electrification in developing regions Surge in demand for high voltage distribution systems Expansion of transmission and distribution networks. |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Distribution Surge Arrester Market size is expected to reach USD 2.2 billion by 2032, exhibiting a CAGR of 4.13% during the forecast period (2024-2032).
North America projected to account for the largest market share in 2023, owing to the region's rapid industrialization and growing demand for power infrastructure.
Distribution surge arresters are primarily used in electrical distribution systems to protect equipment from voltage surges caused by lightning strikes or other transient events.
Prominent players in the market include ABB, Siemens, Eaton, GE, and Schneider Electric.
The market is estimated to grow at a CAGR of 4.13% from 2024 to 2032.
Rising demand for reliable power supply, increasing industrialization, and government regulations on electrical safety are key factors propelling market growth.
Fluctuating raw material prices and intense competition from low-cost manufacturers pose challenges to market growth.
Technological advancements, such as the development of advanced materials and smart grid technologies, are expected to drive innovation and improve product performance.
The market is segmented based on product type, voltage rating, application, and region.
Growing emphasis on grid modernization, adoption of renewable energy sources, and increasing awareness about electrical safety are key trends influencing market dynamics.
