Surge Arrester Market Share

ID: MRFR/E&P/2930-HCR

111 Pages

Anshula Mandaokar

October 2025

Surge Arrester Market Research Report Information By Type (Polymeric, Porcelain), By Voltage (Low, Medium, High), By Class (Distribution, Intermediate, Station), By Application (Industrial, Commercial, Residential), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2035

Summary Table of Contents Segmentation Download PDF

Market Share

Introduction: Navigating the Surge Arrester Market Landscape

The surge arrestor market is going through a period of transformation. It is being transformed by the rapid penetration of technology, the stricter regulations, and the ever-increasing demand for electrical safety and reliability. In the battle for market leadership, original equipment manufacturers (OEMs), network operators, and IT service innovators are using new technology such as IoT-enabled remote monitoring and machine learning for forecasting. These new features not only enhance product performance but also allow for a more proactive maintenance strategy. These technological advances are also reshaping the industry’s competitive landscape and are opening up new growth opportunities. In 2024 and 2025, the surge arrestor market will continue to grow, especially in Asia-Pacific and North America, where strategic deployments are increasingly focused on integrating sustainable practices and strengthening the resilience of the grid. The surge arrestor market is a complex business, and the best way for companies to stay ahead of the game is to embrace the new opportunities.

Competitive Positioning

Full-Suite Integrators

These vendors offer comprehensive solutions that integrate various technologies for surge protection.

Vendor	Competitive Edge	Solution Focus	Regional Focus
Siemens	Strong global presence and innovation	Electrical protection solutions	Global
Schneider Electric	Sustainability-focused technology solutions	Energy management and automation	Global
ABB	Advanced digital technologies and automation	Power and automation technologies	Global
Eaton	Diverse product portfolio and expertise	Power management solutions	Global

Specialized Technology Vendors

These vendors focus on niche technologies and solutions specifically for surge arresters.

Vendor	Competitive Edge	Solution Focus	Regional Focus
NGK Insulators	Expertise in ceramic insulators	Surge arresters and insulators	Asia, Europe, North America
Raycap Corporation S.A.	Innovative surge protection solutions	Surge protection devices	Global
HAKEL spol. S r.	Customizable surge protection solutions	Surge protection technology	Europe

Infrastructure & Equipment Providers

These vendors supply essential infrastructure and equipment for surge protection applications.

Vendor	Competitive Edge	Solution Focus	Regional Focus
GE Oil & Gas	Industry-specific solutions for oil and gas	Electrical equipment for energy sector	Global
Hubbell	Broad range of electrical products	Electrical and lighting products	North America
Mitsubishi Electric	High-quality electrical equipment	Electrical and electronic equipment	Asia, North America
C.G. Power	Strong focus on power solutions	Power generation and distribution	Asia, Africa
Legrand S.A	Innovative electrical and digital infrastructure	Electrical and digital building infrastructures	Global
Emerson Electric	Automation and control solutions	Automation technologies	Global
Vertiv	Critical digital infrastructure solutions	Data center and IT infrastructure	Global
T.E. Connectivity	Connectivity and sensor solutions	Connectivity and sensor technologies	Global
Lamco	Specialized in electrical components	Electrical components and systems	North America
Leviton Manufacturing	Wide range of electrical devices	Electrical wiring devices	North America

Emerging Players & Regional Champions

The company, which manufactures a wide range of surge arresters and other products for power distribution and management, has just been awarded a contract by a major electricity supplier for the installation of surge arresters in its renewable energy projects. This company is able to compete with the established suppliers because of its innovative technology and its focus on sustainable development.
Schneider Electric (France): Provides a range of surge protection solutions adapted to industrial applications, has recently completed a large-scale smart grid project in Europe, and is challenging traditional players by integrating IoT into its surge protection systems.
Tripp Lite (US): Concentrates on compact surge suppressors for home and small business use, and has recently extended its range to include smart suppressors. It complements the larger suppliers by addressing niche markets with simple, convenient solutions.
Phoenix Contact, Germany: Provides special surge protection for automation and control systems, and has just teamed up with a leading car manufacturer to help it improve the electrical safety of its production lines. The company is now competing with the established players in the industrial sector.

Regional Trends: In 2024, there will be a significant increase in the use of surge arresters in emerging markets, particularly in Asia-Pacific and Latin America, driven by the rapid industrialization and the construction of the new power grids. The surge protection industry is increasingly integrating smart technology and IoT into its solutions, reflecting the trend towards more complex and smarter electrical systems.

Collaborations & M&A Movements

Schneider Electric and Siemens entered into a partnership to develop next-generation surge protection solutions aimed at enhancing grid resilience and reducing downtime for industrial applications.
Eaton acquired the surge protection division of a smaller competitor in early 2024 to strengthen its product portfolio and increase market share in the North American surge arrester market.
ABB and General Electric announced a collaboration to integrate advanced surge protection technologies into their existing electrical infrastructure solutions, aiming to improve reliability and safety for utility customers.

Competitive Summary Table

Capability	Leading Players	Remarks
High Energy Absorption	ABB, Siemens	The high energy absorption of ABB surge arresters has been proven by their use in the last few years in a number of renewable energy projects, where they protect against lightning strikes. Also, the use of advanced materials in Siemens surge arresters increases their energy absorption and service life.
Compact Design	Eaton, Schneider Electric	The Eaton compact arresters are suitable for use in confined spaces and are therefore ideal for urban applications. Schneider Electric has tended to reduce size without sacrificing performance, as shown by its recent product range aimed at the residential market.
Smart Monitoring	General Electric, Phoenix Contact	In a project involving a large utility, GE surge arresters have been fitted with IoT technology that enables remote monitoring and the use of predictive maintenance. For optimum system management, Phoenix Contact offers smart surge protection solutions that are based on data analytics.
Environmental Sustainability	Nexans, TE Connectivity	For the arresters, which are made of reclaimed materials, the aim is to meet the requirements of the global goals for the environment. In addition, the reduction of the carbon footprint of the manufacturing process has been well received in the markets that are particularly concerned about the environment.
Versatile Application Range	Mersen, Littelfuse	Mersen surge arresters are suited to all industrial and commercial applications. This is shown by their use in a wide range of sectors. They are used for both low and high-voltage applications.

Conclusion: Navigating Surge Arrester Market Dynamics

The Surge Arrester Market in 2024 will be characterized by an intensely competitive and highly fragmented scenario, with the presence of both established and new players. Besides, the Surge Arrester Market will be driven by increasing safety regulations and increasing investments in the construction sector. Strategically, vendors are focusing on deploying advanced capabilities such as AI for predictive maintenance, automation for operational efficiency, and green initiatives to meet regulatory standards. The vendor’s ability to remain flexible and responsive to the changing needs of the market will be crucial to establishing a leadership position. The vendors that can effectively deploy these capabilities will not only gain a competitive edge, but will also lead innovation in the surge arrester landscape.

Market Highlights

Author

Anshula Mandaokar

Team Lead - Research

Anshula Mandaokar holds an academic degree in Chemical Engineering and has been contributing to the field for more than 5 years. She has expertise in Market Research and Business Consulting and serves as a Team Lead for a reputed Market Research firm under the Chemicals and Materials domain spectrum. She has worked on multiple projects, generating explicit results in a quick turnaround time. Her understanding of data interpretation justifies her role as a leader.

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FAQs

What is the current valuation of the Surge Arrester Market as of 2024?

The Surge Arrester Market was valued at 2.72 USD Billion in 2024.

What is the projected market valuation for the Surge Arrester Market in 2035?

The market is projected to reach 4.031 USD Billion by 2035.

What is the expected CAGR for the Surge Arrester Market during the forecast period 2025 - 2035?

The expected CAGR for the Surge Arrester Market during 2025 - 2035 is 3.64%.

Which companies are considered key players in the Surge Arrester Market?

Key players in the market include Siemens, Schneider Electric, General Electric, Eaton, ABB, Mitsubishi Electric, Emerson Electric, TE Connectivity, and Nexans.

How does the valuation of polymeric surge arresters compare to porcelain surge arresters?

In 2024, polymeric surge arresters were valued at 1.36 USD Billion, while porcelain surge arresters were valued at 1.36 USD Billion.

What are the market valuations for different voltage segments in the Surge Arrester Market?

The low voltage segment was valued at 0.816 USD Billion, medium voltage at 1.088 USD Billion, and high voltage at 0.816 USD Billion in 2024.

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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Market Summary

As per MRFR analysis, the Surge Arrester Market Size was estimated at 2.72 USD Billion in 2024. The Surge Arrester industry is projected to grow from 2.819 USD Billion in 2025 to 4.031 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 3.64 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Surge Arrester Market is poised for substantial growth driven by technological advancements and increasing demand for electrical infrastructure.

Technological advancements are enhancing the efficiency and reliability of surge arresters across various applications.
The integration of renewable energy sources is driving the need for advanced surge protection solutions, particularly in North America.
Polymeric surge arresters dominate the market, while porcelain variants are experiencing rapid growth in demand.
Key market drivers include the increasing demand for electrical infrastructure and the rising awareness of power quality, particularly in the Asia-Pacific region.

Market Size & Forecast

2024 Market Size	2.72 (USD Billion)
2035 Market Size	4.031 (USD Billion)
CAGR (2025 - 2035)	3.64%
Largest Regional Market Share in 2024	North America

Major Players

Siemens (DE), Schneider Electric (FR), General Electric (US), Eaton (US), ABB (CH), Mitsubishi Electric (JP), Emerson Electric (US), TE Connectivity (CH), Nexans (FR)

Market Trends

The Surge Arrester Market is currently experiencing a notable evolution, driven by the increasing demand for reliable electrical infrastructure and the growing awareness of the need for protection against voltage spikes. This market appears to be influenced by various factors, including advancements in technology and the rising adoption of renewable energy sources. As industries and consumers alike seek to safeguard their electrical systems, the role of surge arresters becomes increasingly critical. Furthermore, the integration of smart grid technologies is likely to enhance the functionality and efficiency of surge protection devices, thereby expanding their application across diverse sectors. In addition, the Surge Arrester Market seems to be shaped by regulatory frameworks and standards that emphasize safety and reliability in electrical installations. Manufacturers are likely to focus on innovation, developing products that not only meet but exceed these standards. The growing trend towards urbanization and the expansion of smart cities may further propel the demand for advanced surge protection solutions. As the market continues to evolve, stakeholders must remain vigilant to emerging trends and technological advancements that could redefine the landscape of surge protection.

Technological Advancements

The Surge Arrester Market is witnessing a shift towards innovative technologies that enhance the performance and reliability of surge protection devices. Manufacturers are increasingly investing in research and development to create products that can withstand higher voltage levels and offer improved response times.

Integration with Renewable Energy

As the world moves towards sustainable energy solutions, the Surge Arrester Market is adapting to the integration of renewable energy sources. This trend indicates a growing need for surge protection in solar and wind energy systems, ensuring the stability and safety of these installations.

Regulatory Compliance and Standards

The Surge Arrester Market is influenced by stringent regulatory requirements aimed at ensuring electrical safety. Compliance with these standards is becoming essential for manufacturers, driving them to innovate and produce devices that not only meet but also exceed safety expectations.

The increasing reliance on renewable energy sources and the modernization of electrical grids are driving a notable demand for surge arresters, which are essential for protecting infrastructure from transient overvoltages.

U.S. Department of Energy

Surge Arrester Market Market Drivers

Rising Awareness of Power Quality

In the Surge Arrester Market, there is a growing awareness regarding the importance of power quality among consumers and industries alike. Fluctuations in voltage can lead to significant operational disruptions and equipment damage, prompting organizations to invest in protective measures. The increasing reliance on sensitive electronic equipment across various sectors, including manufacturing and telecommunications, has heightened the focus on maintaining stable power supply. Market data indicates that the power quality equipment market is expected to grow at a compound annual growth rate of 6.5% through 2027. This trend suggests that as industries prioritize power quality, the demand for surge arresters will likely increase, positioning them as essential components in safeguarding electrical systems.

Growth in Renewable Energy Sources

The Surge Arrester Market is poised for growth due to the increasing adoption of renewable energy sources. As countries strive to meet sustainability targets, investments in solar, wind, and other renewable energy technologies are on the rise. These energy sources often require specialized surge protection to safeguard against voltage fluctuations that can occur during energy generation and distribution. The renewable energy market is projected to grow at a compound annual growth rate of 8% through 2030, which suggests a corresponding increase in the demand for surge arresters. This trend indicates that as the energy landscape evolves, the Surge Arrester Market will likely benefit from the need for enhanced protection mechanisms in renewable energy systems.

Regulatory Frameworks and Standards

The Surge Arrester Market is significantly influenced by the establishment of regulatory frameworks and standards aimed at ensuring electrical safety and reliability. Governments and regulatory bodies are increasingly mandating the use of surge protection devices in various applications, including residential, commercial, and industrial sectors. Compliance with these regulations not only enhances safety but also promotes the adoption of surge arresters as essential components in electrical systems. Recent data indicates that the global market for electrical safety equipment is expected to reach USD 15 billion by 2025, driven in part by stringent regulatory requirements. This regulatory landscape is likely to bolster the Surge Arrester Market, as manufacturers and consumers alike prioritize compliance and safety in their electrical installations.

Integration of Smart Grid Technologies

The integration of smart grid technologies is emerging as a pivotal driver in the Surge Arrester Market. Smart grids enhance the efficiency and reliability of electricity distribution, necessitating advanced protective devices such as surge arresters. These technologies facilitate real-time monitoring and management of electrical systems, which can mitigate the risks associated with voltage surges. As smart grid initiatives gain traction, the demand for surge arresters is expected to rise correspondingly. Recent estimates suggest that investments in smart grid technologies could exceed USD 100 billion by 2025, indicating a robust market potential for surge arresters. This integration not only improves operational efficiency but also aligns with sustainability goals, further propelling the Surge Arrester Market.

Increasing Demand for Electrical Infrastructure

The Surge Arrester Market is experiencing a notable surge in demand due to the ongoing expansion of electrical infrastructure. As urbanization accelerates, the need for reliable power distribution systems becomes paramount. This trend is particularly evident in developing regions, where investments in electrical grids are on the rise. According to recent data, The Surge Arrester is projected to reach USD 3 trillion by 2026, which directly correlates with the increasing adoption of surge arresters. These devices play a critical role in protecting electrical systems from voltage spikes, thereby ensuring the longevity and reliability of power distribution networks. Consequently, the growth of electrical infrastructure is likely to drive the Surge Arrester Market forward, as stakeholders seek to enhance system resilience and minimize downtime.

Market Segment Insights

By Type: Polymeric (Largest) vs. Porcelain (Fastest-Growing)

The Surge Arrester Market is currently dominated by the polymeric segment, which has established itself as the largest contributor to market share. This is primarily due to the increasing demand for lightweight and high-performance materials that polymeric surge arresters offer. Their ability to provide superior electrical insulation and reliability in various harsh conditions makes polymeric types preferable among users, enhancing their share in the market significantly. On the other hand, porcelain surge arresters, which are witnessing rapid adoption in recent years, are catching up due to their robust and durable nature, further fueling interest in their application across various industries.

Surge Arresters: Polymeric (Dominant) vs. Porcelain (Emerging)

Polymeric surge arresters have become the dominant choice in the market, offering distinct advantages such as lightweight design, excellent thermal stability, and enhanced electrical properties, making them suitable for various applications, especially in renewable energy sectors. Their growing usage can be attributed to technological advancements and an expanding market for efficient surge protection solutions. Conversely, porcelain surge arresters are emerging as a viable alternative, valued for their enduring strength and resilience against environmental factors. While they may not hold the same market share as polymeric variants, their durable nature is gaining recognition, leading to increased investments and deployment in traditional and niche sectors seeking reliable protection against electrical surges.

By Voltage: Low (Largest) vs. High (Fastest-Growing)

In the Surge Arrester Market, the voltage segment is primarily divided into low, medium, and high voltage categories. The low voltage segment holds the largest share, driven by its extensive applications in residential and commercial infrastructures. As industries increasingly adopt automation and rely on electrical systems, the demand for low voltage surge arresters remains robust and tackles key requirements for safety and equipment protection. Conversely, the high voltage segment is witnessing rapid growth due to the expansion of renewable energy sources and the demand for long-distance electrical transmission, prompting utilities to invest in high voltage protection technologies.

Low Voltage (Dominant) vs. High Voltage (Emerging)

The low voltage surge arrester segment stands out as the dominant force in the market, primarily due to its essential role in protecting electrical installations from transient voltages, which are common in both residential and commercial applications. This segment benefits from a well-established manufacturing base and a wide acceptance among consumers seeking reliable surge protection solutions. On the other hand, the high voltage segment is emerging strongly, fueled by the rising investments in renewable energy infrastructure and advanced grid technologies. As power generation shifts towards wind and solar energy, the necessity for high voltage surge arresters is accelerating, catering to the need for safeguarding critical electrical infrastructure from transient disturbances in high voltage applications.

By Class: Distribution (Largest) vs. Intermediate (Fastest-Growing)

The Surge Arrester Market is witnessing a diverse distribution among its class segments. The Distribution class holds the largest market share, benefitting from the increasing need for reliable surge protection in residential and commercial applications. This segment is crucial in preventing voltage spikes and ensuring the longevity of electrical equipment. In contrast, the Intermediate segment is emerging rapidly, driven by the demand for surge arresters in industrial applications, which is expected to accelerate over the coming years. This shift highlights the growing awareness of electrical safety in various sectors.

Distribution (Dominant) vs. Intermediate (Emerging)

In the Surge Arrester Market, the Distribution segment stands out as the dominant force due to its established presence in both residential and commercial sectors. Its primary role in safeguarding electrical installations against voltage surges makes it indispensable, and it benefits from a broad range of product availability. Meanwhile, the Intermediate segment is emerging as a key player, with increasing applications in industrial environments, thanks to technological advancements and heightened safety regulations. This segment appeals to industries seeking efficient surge protection solutions, thereby enhancing operational reliability and minimizing downtime. As safety regulations tighten, the demand for Intermediate surge arresters is expected to soar, signifying a transformative phase in the market.

By Application: Industrial (Largest) vs. Residential (Fastest-Growing)

In the Surge Arrester Market, the application segment is led by the industrial sector, which commands the largest market share due to its extensive use in protecting sensitive electrical equipment against surge voltages. This dominance is fueled by the growing industrial activities and the increasing installation of advanced power systems. The commercial segment follows closely, with applications in offices and commercial buildings, while the residential sector is gaining traction due to rising awareness of surge protection among homeowners.

Commercial (Dominant) vs. Residential (Emerging)

The commercial segment in the Surge Arrester Market remains dominant, attributed to the increasing reliance on uninterrupted power supply in business operations. Commercial establishments, including retail and office buildings, require robust surge protection to safeguard equipment and maintain operational efficiency. On the other hand, the residential segment is emerging rapidly as homeowners seek to protect electronic devices from power fluctuations. This growth is driven by increased consumer awareness and the proliferation of smart home technologies, making residential areas an important focus for surge arrester manufacturers.

Get more detailed insights about Surge Arrester Market Research Report-Forecast to 2035

Regional Insights

North America : Technological Innovation Leader

North America is the largest market for surge arresters, holding approximately 40% of the global share, driven by increasing investments in infrastructure and renewable energy projects. The demand for surge protection devices is further fueled by stringent regulations aimed at enhancing electrical safety and reliability. The U.S. and Canada are the primary contributors to this growth, with a focus on modernizing aging electrical grids and integrating smart technologies. The competitive landscape in North America is characterized by the presence of major players such as General Electric, Eaton, and Siemens. These companies are actively involved in research and development to innovate surge protection solutions. The market is also witnessing collaborations and partnerships aimed at enhancing product offerings and expanding market reach. The emphasis on sustainability and energy efficiency is shaping the future of the surge arrester market in this region.

Europe : Regulatory Compliance Focus

Europe is the second-largest market for surge arresters, accounting for approximately 30% of the global market share. The region's growth is driven by stringent regulatory frameworks aimed at improving electrical safety and reliability. The European Union's directives on electrical equipment safety and energy efficiency are significant catalysts for market expansion. Countries like Germany and France are leading the charge, with increasing investments in renewable energy and smart grid technologies. The competitive landscape in Europe features key players such as Schneider Electric, ABB, and Nexans, who are focusing on innovation and compliance with regulatory standards. The market is characterized by a strong emphasis on sustainability, with companies investing in eco-friendly surge protection solutions. The presence of advanced manufacturing facilities and a skilled workforce further enhances the region's competitive edge in the surge arrester market.

Asia-Pacific : Emerging Market Potential

Asia-Pacific is witnessing rapid growth in the surge arrester market, holding approximately 25% of the global share. The region's expansion is driven by increasing urbanization, industrialization, and the rising demand for reliable power supply. Countries like China and India are at the forefront, with significant investments in infrastructure development and renewable energy projects. Government initiatives aimed at enhancing electrical safety standards are also contributing to market growth. The competitive landscape in Asia-Pacific is evolving, with both local and international players vying for market share. Key companies such as Mitsubishi Electric and Emerson Electric are focusing on innovation and expanding their product portfolios. The region's diverse market dynamics, coupled with a growing emphasis on energy efficiency, are shaping the future of the surge arrester market, making it a key area for investment and development.

Middle East and Africa : Resource-Rich Opportunities

The Middle East and Africa region is gradually emerging in the surge arrester market, holding about 5% of the global share. The growth is primarily driven by increasing investments in infrastructure and energy projects, particularly in countries like the UAE and South Africa. The region's focus on enhancing electrical safety and reliability is supported by government initiatives and regulations aimed at modernizing electrical grids and integrating renewable energy sources. The competitive landscape in this region is characterized by a mix of local and international players. Companies are increasingly focusing on establishing partnerships and collaborations to enhance their market presence. The demand for surge protection devices is expected to rise as the region continues to invest in smart grid technologies and sustainable energy solutions, making it a promising market for future growth.

Key Players and Competitive Insights

The Surge Arrester Market is currently characterized by a dynamic competitive landscape, driven by increasing demand for electrical safety and reliability across various sectors. Key players such as Siemens (Germany), Schneider Electric (France), and General Electric (United States) are strategically positioned to leverage their technological expertise and extensive product portfolios. Siemens (Germany) focuses on innovation in surge protection technologies, while Schneider Electric (France) emphasizes digital transformation and sustainability in its offerings. General Electric (United States) is enhancing its market presence through strategic partnerships and regional expansions, collectively shaping a competitive environment that prioritizes advanced solutions and customer-centric approaches.

The market structure appears moderately fragmented, with several players vying for market share through localized manufacturing and supply chain optimization. Companies are increasingly investing in regional production facilities to mitigate supply chain disruptions and enhance responsiveness to local market demands. This strategy not only reduces lead times but also aligns with the growing emphasis on sustainability and reducing carbon footprints, thereby influencing the competitive dynamics within the Surge Arrester Market.

In August 2025, Siemens (Germany) announced the launch of its latest surge protection device, which integrates IoT capabilities for real-time monitoring and predictive maintenance. This strategic move underscores Siemens' commitment to innovation and positions the company to meet the evolving needs of customers seeking enhanced operational efficiency and reliability. The integration of IoT technology is likely to set a new standard in the industry, potentially reshaping customer expectations and competitive benchmarks.

In September 2025, Schneider Electric (France) unveiled a new initiative aimed at promoting sustainable energy solutions, which includes advanced surge arresters designed for renewable energy applications. This initiative not only reinforces Schneider Electric's dedication to sustainability but also aligns with global trends towards greener energy solutions. By focusing on renewable energy markets, Schneider Electric is likely to capture a growing segment of environmentally conscious consumers, thereby enhancing its competitive edge.

In July 2025, General Electric (United States) entered into a strategic partnership with a leading technology firm to develop next-generation surge protection systems utilizing artificial intelligence. This collaboration aims to enhance predictive analytics capabilities, allowing for more effective risk management in electrical systems. The strategic importance of this partnership lies in its potential to revolutionize surge protection, making it more proactive rather than reactive, which could significantly alter the competitive landscape.

As of October 2025, the Surge Arrester Market is witnessing a shift towards digitalization, sustainability, and AI integration, which are defining current competitive trends. Strategic alliances are increasingly shaping the landscape, enabling companies to pool resources and expertise to innovate more effectively. Looking ahead, competitive differentiation is expected to evolve from traditional price-based competition to a focus on innovation, technological advancements, and supply chain reliability. This transition suggests that companies that prioritize these aspects will likely emerge as leaders in the Surge Arrester Market.

Key Companies in the Surge Arrester Market market include

Industry Developments

Q2 2024: Siemens launches new 3EL2 surge arrester for digital substations Siemens announced the launch of its new 3EL2 surge arrester, designed specifically for digital substations, featuring enhanced monitoring and IoT connectivity to improve grid reliability and asset management.
Q1 2024: ABB unveils new generation of polymer-housed surge arresters for renewable energy applications ABB introduced a new line of polymer-housed surge arresters aimed at protecting wind and solar installations, with improved performance in harsh environments and compliance with the latest IEC standards.
Q2 2024: Eaton opens new surge protection device manufacturing facility in India Eaton inaugurated a new manufacturing facility in Pune, India, dedicated to producing surge protection devices, including surge arresters, to meet growing demand in the Asia-Pacific region.
Q1 2024: Schneider Electric partners with Tata Power to supply surge arresters for Mumbai grid upgrade Schneider Electric announced a partnership with Tata Power to supply advanced surge arresters as part of a major grid modernization project in Mumbai, India.
Q2 2024: GE secures contract to supply surge arresters for Saudi Arabia’s NEOM project General Electric was awarded a contract to provide high-voltage surge arresters for the NEOM smart city project in Saudi Arabia, supporting the development of resilient energy infrastructure.
Q3 2024: Hitachi Energy launches new high-performance surge arrester for HVDC transmission lines Hitachi Energy introduced a new surge arrester designed for high-voltage direct current (HVDC) transmission lines, offering improved protection for long-distance power transmission.
Q2 2024: Siemens Energy signs agreement with Enel to supply surge arresters for Italian grid expansion Siemens Energy signed an agreement with Enel to deliver surge arresters for the expansion of Italy’s national grid, supporting increased renewable integration.
Q1 2024: Mitsubishi Electric develops compact surge arrester for urban substations Mitsubishi Electric announced the development of a new compact surge arrester designed for space-constrained urban substations, with enhanced thermal performance.
Q2 2024: ABB to supply surge arresters for Brazil’s Belo Monte transmission project ABB secured a contract to supply surge arresters for the Belo Monte transmission project in Brazil, one of the largest power infrastructure projects in South America.
Q3 2024: Eaton launches next-generation surge protection devices for data centers Eaton launched a new series of surge protection devices, including advanced surge arresters, targeting the growing data center market with improved monitoring and remote diagnostics.
Q2 2024: Schneider Electric expands surge arrester production capacity in France Schneider Electric announced the expansion of its surge arrester production facility in Grenoble, France, to meet increasing European demand.
Q1 2024: GE appoints new head of surge protection business unit General Electric announced the appointment of Dr. Maria Lopez as the new head of its surge protection business unit, overseeing global strategy and product development.

Future Outlook

Surge Arrester Market Future Outlook

The Surge Arrester Market is projected to grow at a 3.64% CAGR from 2024 to 2035, driven by increasing demand for electrical safety and infrastructure modernization.

New opportunities lie in:

Expansion into renewable energy sectors with tailored surge protection solutions.
Development of smart surge arresters integrated with IoT for real-time monitoring.
Partnerships with utility companies for enhanced grid resilience initiatives.

By 2035, the Surge Arrester Market is expected to solidify its position as a critical component in electrical safety.

Market Segmentation

Surge Arrester Market Type Outlook

Polymeric
Porcelain

Surge Arrester Market Class Outlook

Distribution
Intermediate
Station

Surge Arrester Market Voltage Outlook

Low
Medium
High

Surge Arrester Market Application Outlook

Industrial
Commercial
Residential

Report Scope

MARKET SIZE 2024	2.72(USD Billion)
MARKET SIZE 2025	2.819(USD Billion)
MARKET SIZE 2035	4.031(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)	3.64% (2024 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
Market Forecast Period	2025 - 2035
Historical Data	2019 - 2024
Market Forecast Units	USD Billion
Key Companies Profiled	Market analysis in progress
Segments Covered	Market segmentation analysis in progress
Key Market Opportunities	Integration of advanced materials enhances performance and reliability in the Surge Arrester Market.
Key Market Dynamics	Rising demand for renewable energy sources drives innovation and competition in the surge arrester market.
Countries Covered	North America, Europe, APAC, South America, MEA