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PUBLISHER: Grand View Research | PRODUCT CODE: 1701557
PUBLISHER: Grand View Research | PRODUCT CODE: 1701557
Surge Arrester Market Size, Share & Trend Analysis Report, By Voltage Rating (Low & Medium, High), By Application (Industrial, Utility, Commercial, Residential), By Region (North America, Europe, APAC), And Segment Forecasts, 2025 - 2030
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PAGES: 110 Pages
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Surge Arrester Market Growth & Trends:
The global surge arrester market size is anticipated to reach USD 2,573.50 million by 2030 and is anticipated to grow at a CAGR of 5.79% during the forecast period, according to a new report by Grand View Research, Inc. The surge arrester market is driven by the increasing need for power factor correction, voltage stabilization, and energy efficiency in industrial, commercial, and utility applications. The rapid expansion of power transmission and distribution (T&D) networks, coupled with the integration of renewable energy sources such as wind and solar, has heightened demand for reactive power compensation. In addition, government initiatives for grid modernization, smart grids, and electrification of transport systems further accelerate market growth. Technological advancements, such as IoT-enabled capacitor monitoring and high-performance dielectric materials, are enhancing product efficiency and reliability, making surge arresters essential for modern power infrastructure.
The surge arrester market is driven by the increasing need for a stable and reliable power supply across residential, commercial, and industrial sectors. With the growing integration of renewable energy sources such as solar and wind power, grid networks are becoming more complex, requiring advanced protection solutions to safeguard against voltage surges and transients. In addition, global investments in smart grids, high-voltage transmission lines, and grid modernization initiatives are further fueling the demand for surge arresters to enhance power quality and prevent costly equipment failures.
The rise of industrialization, particularly in developing economies, has led to a surge in power consumption, necessitating efficient electrical protection systems. Industries such as manufacturing, oil & gas, mining, and telecommunications rely on sophisticated machinery and automation, which are highly sensitive to voltage fluctuations. As a result, the demand for surge arresters in industrial applications is increasing to ensure equipment longevity and operational efficiency. Furthermore, the expansion of transmission and distribution networks to meet rising electricity demand is a key driver for the market.
Surge Arrester Market Report Highlights:
- Based on voltage rating, low & medium voltage surge arresters held a revenue share of around 70% of the global market in 2024.
- Based on application, the industrial segment holds the largest revenue share in the surge arrester market with a revenue share of about 41% in 2024. The demand for industrial surge arresters is driven by the increasing need for power factor correction, voltage stabilization, and energy efficiency in industrial applications.
- Asia Pacific is the dominant region for the surge arrester market with a revenue share of over 40.0% in 2024 due to rapid industrialization, expanding power transmission and distribution infrastructure, and growing investments in renewable energy projects.
Product Code: GVR-4-68040-532-4
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Market Formulation & Data Visualization
- 1.3.3. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Global Surge Arrester Market Outlook
- 3.2. Value Chain Analysis
- 3.2.1. Raw Material Trends
- 3.3. Commercial & Technology Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Opportunities
- 3.5.4. Industry Challenges
- 3.6. Porter's Five Forces Analysis
- 3.6.1. Bargaining Power of Suppliers
- 3.6.2. Bargaining Power of Buyers
- 3.6.3. Threat of Substitution
- 3.6.4. Threat of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTLE Analysis
- 3.7.1. Political
- 3.7.2. Economic
- 3.7.3. Social Landscape
- 3.7.4. Technology
- 3.7.5. Environmental
- 3.7.6. Legal
Chapter 4. Surge Arrester Market: Voltage Rating Estimates & Trend Analysis
- 4.1. Surge Arrester Market: Voltage Rating Movement Analysis, 2024 & 2030
- 4.2. Low & Medium
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.3. High
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 5. Surge Arrester Market: Application Estimates & Trend Analysis
- 5.1. Surge Arrester Market: Application Movement Analysis, 2024 & 2030
- 5.2. Industrial
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3. Utility
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.4. Commercial
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.5. Residential
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 6. Surge Arrester Market: Regional Estimates & Trend Analysis
- 6.1. Regional Analysis, 2024 & 2030
- 6.2. North America
- 6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.2. Market estimates and forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- 6.2.3. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 6.2.4. U.S.
- 6.2.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.4.2. Market estimates and forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- 6.2.4.3. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 6.2.5. Canada
- 6.2.5.1. Market estimates and forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- 6.2.5.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 6.2.6. Mexico
- 6.2.6.1. Market estimates and forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- 6.2.6.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 6.3. Europe
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.2. Market estimates and forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- 6.3.3. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 6.3.4. Germany
- 6.3.4.1. Market estimates and forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- 6.3.4.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 6.3.5. UK
- 6.3.5.1. Market estimates and forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- 6.3.5.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 6.3.6. Spain
- 6.3.6.1. Market estimates and forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- 6.3.6.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 6.3.7. Italy
- 6.3.7.1. Market estimates and forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- 6.3.7.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 6.3.8. France
- 6.3.8.1. Market estimates and forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- 6.3.8.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.2. Market estimates and forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- 6.4.3. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 6.4.4. China
- 6.4.4.1. Market estimates and forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- 6.4.4.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 6.4.5. India
- 6.4.5.1. Market estimates and forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- 6.4.5.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 6.4.6. Japan
- 6.4.6.1. Market estimates and forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- 6.4.6.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 6.4.7. South Korea
- 6.4.7.1. Market estimates and forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- 6.4.7.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 6.5. Central & South America
- 6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.5.2. Market estimates and forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- 6.5.3. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 6.5.4. Brazil
- 6.5.4.1. Market estimates and forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- 6.5.4.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 6.5.5. Argentina
- 6.5.5.1. Market estimates and forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- 6.5.5.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 6.6. Middle East & Africa
- 6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.6.2. Market estimates and forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- 6.6.3. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company Categorization
- 7.3. Heat Map Analysis
- 7.4. Vendor Landscape
- 7.4.1. List of Raw Material Suppliers
- 7.4.2. List of Distributors
- 7.5. Strategy Mapping
- 7.6. Company Profiles/Listing
- 7.6.1. ABB Ltd.
- 7.6.1.1. Company Overview
- 7.6.1.2. Financial Performance
- 7.6.1.3. Voltage Rating Benchmarking
- 7.6.2. Schneider Electric
- 7.6.2.1. Company Overview
- 7.6.2.2. Financial Performance
- 7.6.2.3. Voltage Rating Benchmarking
- 7.6.3. General Electric Company
- 7.6.3.1. Company Overview
- 7.6.3.2. Financial Performance
- 7.6.3.3. Voltage Rating Benchmarking
- 7.6.4. Siemens AG
- 7.6.4.1. Company Overview
- 7.6.4.2. Financial Performance
- 7.6.4.3. Voltage Rating Benchmarking
- 7.6.5. Hubbell Incorporated
- 7.6.5.1. Company Overview
- 7.6.5.2. Financial Performance
- 7.6.5.3. Voltage Rating Benchmarking
- 7.6.6. Eaton Corporation Plc
- 7.6.6.1. Company Overview
- 7.6.6.2. Financial Performance
- 7.6.6.3. Voltage Rating Benchmarking
- 7.6.7. Megger Group Limited
- 7.6.7.1. Company Overview
- 7.6.7.2. Financial Performance
- 7.6.7.3. Voltage Rating Benchmarking
- 7.6.8. Furse Surge Protection
- 7.6.8.1. Company Overview
- 7.6.8.2. Financial Performance
- 7.6.8.3. Voltage Rating Benchmarking
- 7.6.9. CIRCUTOR, SA
- 7.6.9.1. Company Overview
- 7.6.9.2. Financial Performance
- 7.6.9.3. Voltage Rating Benchmarking
- 7.6.10. Ingeteam
- 7.6.10.1. Company Overview
- 7.6.10.2. Financial Performance
- 7.6.10.3. Voltage Rating Benchmarking
- 7.6.1. ABB Ltd.
Product Code: GVR-4-68040-532-4
List of Tables
- Table 1 Surge Arrester market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 2 Low & Medium voltage rating circuit breakers market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 3 High voltage rating circuit breakers market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 4 Surge Arrester market estimates and forecasts, by industrial, 2018 - 2030 (USD Million)
- Table 5 Surge Arrester market estimates and forecasts, by utility, 2018 - 2030 (USD Million)
- Table 6 Surge Arrester market estimates and forecasts, by Commercial, 2018 - 2030 (USD Million)
- Table 7 Surge Arrester market estimates and forecasts, by Residential, 2018 - 2030 (USD Million)
- Table 8 North America Surge Arrester market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 9 North America Surge Arrester market estimates & forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- Table 10 North America Surge Arrester market estimates & forecasts, by Application, 2018 - 2030 (Kilotons)
- Table 11 U.S. Surge Arrester market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 12 U.S. Surge Arrester market estimates & forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- Table 13 U.S. Surge Arrester market estimates & forecasts, by Application, 2018 - 2030 (Kilotons)
- Table 14 Canada Surge Arrester market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 15 Canada Surge Arrester market estimates & forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- Table 16 Canada Surge Arrester market estimates & forecasts, by Application, 2018 - 2030 (Kilotons)
- Table 17 Mexico Surge Arrester market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 18 Mexico Surge Arrester market estimates & forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- Table 19 Mexico Surge Arrester market estimates & forecasts, by Application, 2018 - 2030 (Kilotons)
- Table 20 Europe Surge Arrester market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 21 Europe Surge Arrester market estimates & forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- Table 22 Europe Surge Arrester market estimates & forecasts, by Application, 2018 - 2030 (Kilotons)
- Table 23 Germany Surge Arrester market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 24 Germany Surge Arrester market estimates & forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- Table 25 Germany Surge Arrester market estimates & forecasts, by Application, 2018 - 2030 (Kilotons)
- Table 26 UK Surge Arrester market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 27 UK Surge Arrester market estimates & forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- Table 28 UK Surge Arrester market estimates & forecasts, by Application, 2018 - 2030 (Kilotons)
- Table 29 France Surge Arrester market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 30 France Surge Arrester market estimates & forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- Table 31 France Surge Arrester market estimates & forecasts, by Application, 2018 - 2030 (Kilotons)
- Table 32 Spain Surge Arrester market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 33 Spain Surge Arrester market estimates & forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- Table 34 Spain Surge Arrester market estimates & forecasts, by Application, 2018 - 2030 (Kilotons)
- Table 35 Italy Surge Arrester market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 36 Italy Surge Arrester market estimates & forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- Table 37 Italy Surge Arrester market estimates & forecasts, by Application, 2018 - 2030 (Kilotons)
- Table 38 Asia Pacific Surge Arrester market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 39 Asia Pacific Surge Arrester market estimates & forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- Table 40 Asia Pacific Surge Arrester market estimates & forecasts, by Application, 2018 - 2030 (Kilotons)
- Table 41 China Surge Arrester market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 42 China Surge Arrester market estimates & forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- Table 43 China Surge Arrester market estimates & forecasts, by Application, 2018 - 2030 (Kilotons)
- Table 44 India Surge Arrester market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 45 India Surge Arrester market estimates & forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- Table 46 India Surge Arrester market estimates & forecasts, by Application, 2018 - 2030 (Kilotons)
- Table 47 Japan Surge Arrester market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 48 Japan Surge Arrester market estimates & forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- Table 49 Japan Surge Arrester market estimates & forecasts, by Application, 2018 - 2030 (Kilotons)
- Table 50 South Korea Surge Arrester market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 51 South Korea Surge Arrester market estimates & forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- Table 52 South Korea Surge Arrester market estimates & forecasts, by Application, 2018 - 2030 (Kilotons)
- Table 53 Australia Surge Arrester market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 54 Australia Surge Arrester market estimates & forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- Table 55 Australia Surge Arrester market estimates & forecasts, by Application, 2018 - 2030 (Kilotons)
- Table 56 Central & South America Surge Arrester market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 57 Central & South America Surge Arrester market estimates & forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- Table 58 Central & South America Surge Arrester market estimates & forecasts, by Application, 2018 - 2030 (Kilotons)
- Table 59 Brazil Surge Arrester market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 60 Brazil Surge Arrester market estimates & forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- Table 61 Brazil Surge Arrester market estimates & forecasts, by Application, 2018 - 2030 (Kilotons)
- Table 62 Argentina Surge Arrester market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 63 Argentina Surge Arrester market estimates & forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- Table 64 Argentina Surge Arrester market estimates & forecasts, by Application, 2018 - 2030 (Kilotons)
- Table 65 Middle East & Africa Surge Arrester market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 66 Middle East & Africa Surge Arrester market estimates & forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- Table 67 Middle East & Africa Surge Arrester market estimates & forecasts, by Application, 2018 - 2030 (Kilotons)
List of Figures
- Fig. 1 Market Segmentation
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation and Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Market Snapshot
- Fig. 7 Segmental Outlook
- Fig. 8 Competitive Outlook
- Fig. 9 Surge Arrester Market Outlook, 2018 - 2030 (USD Million)
- Fig. 10 Value Chain Analysis
- Fig. 11 Market Dynamics
- Fig. 12 Porter's Analysis
- Fig. 13 PESTEL Analysis
- Fig. 14 Surge Arrester Market, By Voltage Rating: Key Takeaways
- Fig. 15 Surge Arrester Market, By Voltage Rating: Market Share, 2024 & 2030
- Fig. 16 Case Circuit Breakers Market, By Application: Key Takeaways
- Fig. 17 Surge Arrester Market, By Application: Market Share, 2024 & 2030
- Fig. 18 Surge Arrester Market: Regional Analysis, 2024
- Fig. 19 Surge Arrester Market, By Region: Key Takeaways
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