Surge Arrester Market 2023 : Analysis, Size, In Depth Insights, Growth And Forecast To 2032

Surge Arrester Market Segments

The Business Research Company segments it’s Surge Arrester market report as:

By Type

Polymeric, Porcelain

Distribution Class, Intermediate Class, Station Class By Class

AIS, GIS By Application

By End User

Utilities, Industries, Transportation

Market Statistics

The global surge arrester market size will grow from $1.97 billion in 2022 to $2.1 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The surge arrester market size is expected to grow to $2.83 billion in 2027 at a CAGR of 7.7%.

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Global Surge Arrester Market Size Forecast To 2032

Key Market Drivers And Trends

Drivers

The increasing demand for continuous and reliable power supply is expected to significantly contribute to the growth of the surge arrester market.

Trends

Technological advancements are a key trend gaining popularity surge arrester market

Region

North America was the largest region in the surge arrester market in 2022. Asia-Pacific is expected to be the fastest-growing region in the surge arrester market share during the forecast period. The regions covered in the surge arresters market analysis report are AsiaPacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Key Market Players

Major players in the Surge Arrester market are:

§ Hitachi ABB

§ Siemens Energy

§ General Electric

§ Eaton

§ Hubbell

§ And more.

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