Residential Surge Arrester Market Size - By Voltage (<120 V, 120 V to 240 V, >240 V), By Material (Polymer, Porcelain), Global Forecast, 2024 - 2032

The Residential Surge Arrester Market is expected to grow at a CAGR of over 5% during 2024-2032, driven by increasing adoption of electronic devices and appliances, rising awareness of electronic safety, and technological advancements.

According to Today's Homeowner magazine, with an estimated 300 million smart homes worldwide, the surge in connected living spaces underscores a growing trend towards modernized residential environments. With the emergence of smart homes and the Internet of Things (IoT), the reliance on sensitive electronic equipment has increased, thereby elevating the risk of electrical surges. Consequently, consumers are investing in surge protection devices to safeguard their valuable assets from potential damage caused by voltage fluctuations and transient surges.

The residential surge arrester industry is classified based on material, voltage, and region.

The >240 V voltage segment is anticipated to witness robust growth during the study period, owing to its ability to provide enhanced protection against high-voltage surges. Residential areas prone to frequent lightning strikes or voltage fluctuations often require surge arrester systems capable of handling higher voltage levels effectively. As a result, consumers are opting for surge arrester solutions designed for voltages exceeding 240 V to ensure comprehensive protection for their electrical infrastructure and appliances.

The porcelain material segment is set to gain traction by 2032, due to its superior mechanical and thermal properties, making it an ideal choice for surge arrester construction. Porcelain surge arresters offer excellent resistance to environmental factors such as moisture, UV radiation, and temperature variations, ensuring long-term reliability and durability. They exhibit high energy absorption capacity, thereby providing efficient protection against transient over voltages and lightning strikes.

Europe residential surge arrester market is poised to showcase a decent growth trend through 2032, driven by stringent regulatory frameworks and a heightened focus on electrical safety measures. Countries such as Germany, the UK, France, and Italy are witnessing substantial demand, fueled by increasing investments in infrastructure development and the adoption of advanced technologies. Moreover, the growing awareness among consumers regarding the importance of surge protection in mitigating the risks associated with electrical surges is further contributing to industry growth in the region.