Surge Arresters Market By Type(Polymeric, Porcelain), By Voltage Range(Medium Voltage, High Voltage), By Application(AIS, GIS), By End-Use(Industrial, Commercial, Others), By Region And Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, And Forecast 2023-2032

Report Overview

Surge Arresters Market size is expected to be worth around USD 2.7 Bn by 2032 from USD 1.7 Bn in 2022, growing at a CAGR of 4.9% during the forecast period from 2023 to 2032.

Surge arresters, also known as lightning arresters or surge protectors, are developed, manufactured, and distributed by the Surge Arresters Market. These devices are critical in preventing voltage spikes generated by lightning strikes, switching activities, and other circumstances.

Surge arresters are meant to send transient overvoltages to the ground, reducing electrical device damage and assuring the dependability and safety of power distribution networks. The Surge Arresters Market's primary goal is to provide high-quality and effective surge protection solutions to various sectors such as residential, commercial, industrial, and utility.

The Surge Arresters Market is extremely important due to the increasing reliance on complex electrical equipment and the vulnerability of these systems to voltage surges. Individuals and organizations can protect their assets by installing surge arresters, which reduce the chances of electrical failures and equipment damage.

Surge arresters offer several benefits. For starters, they provide a trustworthy and cost-effective option for protecting electrical systems from transient overvoltages. They help to extend the life of equipment, reduce downtime, and improve overall operating efficiency. Surge arresters also help firms comply with safety laws and improve their risk management methods.

The Surge Arresters Market has seen tremendous innovation in recent years. Metal-oxide surge arresters, often known as MOV arresters, are one major innovation. When compared to standard silicon carbide surge arresters, these arresters offer improved energy absorption capacities and faster response times.

The incorporation of intelligent monitoring systems is another important innovation in the Surge Arresters Market. These systems use modern sensors and communication technology to monitor surge arrester operation in real-time. These intelligent systems enable proactive maintenance by analyzing data and detecting anomalies, lowering the chance of failure and improving overall system reliability.

Both established firms and start-ups have made major investments in the Surge Arresters Market. Companies are always investing in R&D to improve the efficiency and effectiveness of surge arresters. Furthermore, surge arresters are increasingly being integrated into a variety of products and services.

Surge arresters are integrated into electrical appliances such as refrigerators, air conditioners, and televisions to protect them from voltage surges. Furthermore, surge arresters are integrated into network infrastructure by service providers in the telecommunications and information technology sectors to protect against disruptions caused by Lightning Protection System strikes or power outages.

Driving factors

Rising Electricity and Power Infrastructure Demand

Electricity is a crucial prerequisite for modern society to function. With rising worldwide industrialization and urbanization, the demand for electricity has increased at an unprecedented rate. The increased demand for electricity necessitates the creation and expansion of power infrastructure to suit the population's expanding needs. The Surge Arresters Market is critical to guaranteeing the safety and reliability of power transmission and distribution systems, which helps to fulfill the rising demand for electricity. Surge arresters, also known as lightning arresters, are protective devices that protect electronics and infrastructure against voltage surges induced by lightning strikes or electrical failures.

Renewable Energy Installations: A Market Growth Catalyst

Another reason fueling the Surge Arresters Market is the significant increase in renewable energy installations. There has been a considerable change over the last decade toward cleaner and more sustainable energy sources, such as solar and wind power. Environmental concerns, the diminishing availability of fossil fuels, and the desire to minimize greenhouse gas emissions are driving this trend.

Renewable energy projects, such as solar and wind farms, necessitate powerful power transmission and distribution systems in order to transfer generated electricity to the grid efficiently. Surge arresters are critical in preserving the sensitive and costly equipment utilized in these installations. Their ability to protect against voltage surges enables an uninterrupted power supply and increases the reliability of renewable energy sources.

Power Distribution and Transmission System Advancements

The Surge Arresters Market has grown as a result of advancements in power distribution and transmission systems. Traditional power systems are being changed into smarter, more efficient grids capable of handling rising electricity demand. These modern power systems use cutting-edge technologies and digital solutions to improve reliability, optimize energy distribution, and monitor system health.

Surge arresters are an important aspect of this transformation because they protect the modern technology and delicate electronics utilized in smart grids. They aid to maintain an uninterrupted power supply to consumers by protecting against voltage spikes that might disrupt the operation of power transmission and distribution systems.

Increasing Demand for Electrical Surge Protection

The Surge Arresters Market has seen an increase in demand for surge protection devices to limit the risks associated with electrical surges. Surge Arresters Market are meant to deflect excess electrical energy away from connected equipment, reducing the impact of surges. Their ability to protect against voltage spikes guarantees that key infrastructure remains operational, decreases downtime, and extends the lifespan of electronic products, eventually saving money for businesses and consumers alike.

Restraining Factors

Technical requirements and installation difficulties

It is critical to ensure that the arrester is correctly linked to the electrical system since any installation errors can jeopardize its functionality. The Surge Arresters Market is diverse, with varied installation challenges and technical needs. Choosing the appropriate arrester for a given application can be difficult for installers and maintenance workers alike.

To overcome this challenge, it is strongly advised to seek the advice of qualified specialists or manufacturers who can provide help with the selection and installation of surge arresters. Thorough investigation and comprehension of the electrical system's specific requirements will allow for a smooth installation process and excellent operation.

Maintenance and monitoring

The effectiveness of the surge arresters is determined by the amount of time and effort they put into the process. Regular inspections and maintenance are required to discover potential problems and address them as soon as possible. The intricacy of surge arrester maintenance, on the other hand, might provide a challenge for organizations. Many surge arresters are situated in difficult-to-reach places, such as substation equipment or above power cables.

Organizations should adopt thorough maintenance programs that involve routine inspections, cleaning, and testing of surge arresters in order to overcome this challenge. Remote monitoring systems can also give real-time data on arrester performance, assisting in the identification of any anomalies or degradation that need to be addressed. The cost of a surge arrester is a concern, but it's not the only one.

Considerations on pricing and costs

The Surge Arresters Market provides a variety of choices, with prices changing depending on their capabilities and features. It can be a challenge for decision-makers to balance the need for high-quality surge protection with financial limits.

The best way to avoid this is to have a good time. Consider not only the original expenditure but also the potential cost savings associated with decreased equipment downtime and improved system reliability. Furthermore, investigating other procurement methods, such as working with suppliers or conducting competitive bidding, can assist in securing the most cost-effective solution without sacrificing quality.

Type Analysis

The Surge Arresters Market is experiencing a significant increase in the number of people who are using it. Surge arresters are essential to the protection of electrical systems from voltage increases. In recent years, the Polymeric Segment, which consists of surge arresters made of polymeric materials, has gained tremendous popularity.

The economic growth of emerging societies has a substantial impact on the Surge Arresters Market. The electricity sectors of these nations, such as India, China, and Brazil, are expanding rapidly. The adoption of the Polymeric Segment in surge arresters has been influenced by the increasing investments in infrastructure development and the rising energy demand.

Consumers have a preference for surge arresters manufactured from polymeric materials due to their superior performance and affordability. The Polymeric Segment has a number of advantages over conventional surge arresters, including superior protection against electrical stress and remarkable thermal stability. These features have piqued consumer interest, resulting in an increase in demand for Polymeric Segment surge arresters.

Voltage Range Analysis

The Medium Voltage Segment has dominated the Surge Arresters Market for a long time. In electrical systems with voltage levels ranging from 1 kV to 36 kV, surge arresters for medium voltage are commonly employed. These surge arresters play an essential role in protecting electrical infrastructure from voltage disturbances.

The economic development of emerging societies has a substantial impact on the adoption of the Medium Voltage Segment. As these economies continue to expand, the need for a reliable and stable power supply increases. The Medium Voltage Segment surge arresters are essential for maintaining the integrity of electrical systems, thus playing a crucial role in the economic growth of these nations.

Medium Voltage Segment surge arresters are increasingly preferred by consumers due to their capacity to withstand higher voltage levels. These surge arresters provide a robust solution for protecting electrical infrastructure from voltage disruptions, ensuring the uninterrupted operation of industries, commercial establishments, and residential structures.

Application Analysis

The GIS Segment currently dominates the Surge Arresters Market. Gas Insulated Switchgear (GIS) refers to a form of switchgear in which the electrical components are enclosed in a gas-filled compartment. Surge arresters are essential for safeguarding GIS systems against voltage fluctuations.

The economic growth of emerging economies has contributed significantly to the growth of the GIS Segment in the Surge Arresters Market. The expansion of these economies' electrical infrastructure is a result of the growing demand for dependable power supply. The widespread use of GIS systems in power transmission and distribution networks makes them an integral component of the electrical grid.

The ability of surge arresters designed specifically for GIS systems to provide effective protection against voltage surges in these advanced electrical systems has led to a growing preference among consumers. The GIS Segment surge arresters provide superior performance and dependability, making them the consumer's first choice.

Key Market Segments

By Type

• Polymeric
• Porcelain

By Voltage Range

• Medium Voltage
• High Voltage
• Low Voltage

By Application

• AIS
• GIS

By End-Use

• Industrial
• Commercial
• Residential

Growth Opportunity

Technological Innovations

The Surge Arresters Market has witnessed a wave of technological advancements intended at enhancing the performance and reliability of surge protection devices. Manufacturers are investing heavily in research and development to create cutting-edge technologies that can withstand high-energy transients and defend against lightning strikes, switching surges and other electrical disturbances. These advanced surge arrester technologies have enhanced energy absorption capacities, speedier response times, and longer operational lifetimes, ensuring that electrical systems are optimally protected.

Expanding into Emerging Markets

Emerging markets are experiencing accelerated urbanization and industrialization, which is resulting in a significant increase in electricity consumption. As these nations endeavor to provide electricity access to remote areas and unconnected populations, the Surge Arresters Market has enormous expansion potential. By entering these emerging markets, surge arrester manufacturers can not only meet the growing demand but also contribute to the development of a dependable electrical infrastructure.

Building Synergistic Partnerships with Energy Providers and Equipment Manufacturers

In a power ecosystem that is becoming increasingly interconnected, collaboration has become essential to unleashing opportunities and addressing complex challenges. Manufacturers of surge arresters can form strategic alliances with power utilities and equipment manufacturers to generate synergies that benefit all parties. Surge arrester manufacturers can gain insights into emerging requirements, develop customized solutions, and establish a strong presence in the market by collaborating closely with power utilities. Conversely, collaborative efforts with equipment manufacturers can facilitate the integration of surge arrester technologies into electrical equipment, thereby providing end users with a comprehensive solution.

Adoption of Condition Monitoring and Predictive Maintenance

In numerous industries, condition monitoring and predictive maintenance have emerged as game-changers, and the Surge Arresters Market is no exception. Utilizing advanced sensors, data analytics, and artificial intelligence, surge arrester manufacturers can monitor the health of their products in real-time, predict potential failures, and schedule proactive maintenance. This strategy aids in preventing costly downtime, reduces repair and replacement expenses, and ensures the overall reliability and effectiveness of surge arrester systems.

Latest Trends

Composite and Polymer Surge Arresters

As industries continue to increase their reliance on electrical systems, surge protection has become an absolute necessity. Polymer and composite surge arresters have become the standard protection for these complex networks. These surge arresters offer a number of advantages over conventional alternatives such as porcelain or silicone-coated models. The polymer refers to a material that is used to describe a substance.

Demand for Renewable Energy Systems for Surge Protection

The exponential expansion of renewable energy sources, such as solar and wind power, has revolutionized surge protection in the industry. With the global expansion of renewable energy installations, the risk of surges causing equipment damage and outages has increased. Designed specifically for these systems, surge arresters play a crucial role in ensuring uninterrupted performance and endurance. Not only do these surge protection devices defend sensitive equipment, but they also improve the overall reliability and efficiency of renewable energy installations, propelling the industry forward.

Application of GIS and Smart Grid Technologies

Geographic Information Systems (GIS) and smart grid applications have become indispensable for administering electrical networks in the era of smart cities and advanced electrical infrastructures. Integrated surge arresters with GIS technology permit precise mapping and planning of surge protection devices, thereby optimizing their efficacy. In addition, smart grid applications use real-time data and sophisticated analytics to monitor the performance and health of surge arresters, thereby reducing downtime and promoting efficient maintenance procedures.

IoT-Enabled Surge Arrester Monitoring Gaining Momentum

Internet of Things (IoT) integration into surge arrester monitoring has revolutionized the management and protection of electrical systems. IoT-enabled surge arrester monitoring systems provide real-time insights into the health and performance of these essential devices, enabling prompt proactive action. IoT-enabled solutions substantially enhance the reliability, efficiency, and cost-effectiveness of surge protection systems, thereby revolutionizing the electrical industry.

Regional Analysis

The Asia-Pacific region dominates the surge arresters market

Several factors predominantly drive the Surge Arresters Market in the Asia-Pacific region. Initially, the region's accelerated industrialization and urbanization caused a significant increase in electricity consumption. This, in turn, has necessitated the development of robust power infrastructure and support systems to cater to the increasing energy requirements of industries, businesses, and households.

In addition, Asia-Pacific nations frequently experience extreme weather and are vulnerable to natural disasters such as typhoons, earthquakes, and lightning strikes. These occurrences pose a serious risk to electrical systems, highlighting the need for effective surge protection mechanisms. In order to prevent damage to sensitive equipment, appliances, and infrastructure, surge arresters divert excessive voltage surges to the earth, thereby protecting electrical networks.

In addition, the Asia-Pacific region is experiencing an increase in demand for renewable energy sources. As nations endeavor to reduce their carbon footprints and transition to renewable energy generation, surge arresters become essential to the operation and longevity of renewable energy systems. These systems, including solar and wind power facilities, are susceptible to voltage fluctuations resulting from lightning strikes or grid disturbances. The installation of surge arresters provides a reliable barrier against such electrical surges, thereby improving the overall reliability and stability of renewable energy networks.

The Surge Arresters Market in Asia-Pacific is growing significantly due to a number of factors. The region's economic expansion has led to increased infrastructure investments, such as power generation and transmission initiatives. This increase in infrastructure development has a direct impact on the demand for surge arresters, which are necessary components of electrical systems.

In addition, governments and regulatory bodies have imposed stringent regulations and safety standards, compelling industries to adopt robust surge protection measures. The Asia-Pacific region has witnessed a growing awareness of the harmful effects of electrical surges and the resulting need for surge arresters, which has facilitated their widespread adoption.

The prevalence of the Internet of Things (IoT) has led to a rise in the number of companies offering their services to the public. Smart grid systems are extremely sensitive to voltage surges, necessitating the use of innovative surge protection solutions for optimal performance. This has created new opportunities for surge arrester manufacturers and suppliers in the Asia-Pacific region to cater to the market's evolving requirements.

Key Regions and Countries

North America

• US
• Canada
• Mexico

Western Europe

• Germany
• France
• The UK
• Spain
• Italy
• Portugal
• Ireland
• Austria
• Switzerland
• Benelux
• Nordic
• Rest of Western Europe

Eastern Europe

• Russia
• Poland
• The Czech Republic
• Greece
• Rest of Eastern Europe

APAC

• China
• Japan
• South Korea
• India
• Australia & New Zealand
• Indonesia
• Malaysia
• Philippines
• Singapore
• Thailand
• Vietnam
• Rest of APAC

Latin America

• Brazil
• Colombia
• Chile
• Argentina
• Costa Rica
• Rest of Latin America

Middle East & Africa

• Algeria
• Egypt
• Israel
• Kuwait
• Nigeria
• Saudi Arabia
• South Africa
• Turkey
• United Arab Emirates
• Rest of MEA

Key Players Analysis

Renowned German conglomerate Siemens AG has dominated the Surge Arresters Market with technologically sophisticated products. The company offers an extensive selection of products, including surge arresters with housings made of porcelain, polymer, and silicone rubber. Utilizing a surge protector is the best way to protect yourself from the effects of a power outage. The continuous emphasis on research and development, commitment to innovation, and customer-centric approach of Siemens AG distinguishes it from its competitors.

The United Kingdom-based company GE Digital has risen to the top of the Surge Arresters Market with its intelligent solutions. The company provides intelligent surge arresters with enhanced performance and monitoring capabilities by leveraging digital technologies and advanced analytics. Typically, the best way to solve a problem is to implement a solution. The company's extensive product line includes gapless metal-oxide surge arresters, distribution arresters, and station-class surge arresters.

Hubbell, a well-known American manufacturer, is renowned for its high-quality surge arresters, which provide dependable protection against transient overvoltages. The company offers an extensive selection of surge arresters, including, among others, distribution surge arresters, station class surge arresters, and polymer-encased surge arresters. Having fun is the only way to get a good night's sleep. There are residential, commercial, and industrial applications for the company's surge arresters, which safeguard sensitive electrical equipment and provide uninterrupted power supply.

The French company Schneider Electric has a reputation for providing products and services of the highest quality. The company offers environmentally favorable surge arresters that adhere to stringent regulations. Schneider Electric has devised a surge arrester in order to reduce carbon footprint and increase energy efficiency. The company's selection of surge arresters includes porcelain, metal oxide, and composite models. The pervasive adoption of surge arresters by utilities, industries, and infrastructure projects demonstrates Schneider Electric's commitment to sustainability and drives the energy transition.

Top Key Players in Surge Arresters Market

• Siemens AG (Germany)
• GE DIGITAL (U.K.)
• Hubbell (U.S.)
• Schneider Electric (France)
• CG Power & Industrial Solutions Ltd (India)
• NGK INSULATORS Ltd. (Japan)
• ABB (Switzerland)
• Legrand S.A (France)
• Emerson Electric Co. (U.S.)
• CS Technologies s.r.o (Czech Republic)
• Vertiv Group Corp. (U.S.)
• TE Connectivity (Switzerland)
• Lamco Industries Pvt Ltd (India)
• Leviton Manufacturing Co. Inc. (U.S.)
• Raycap (U.S.)
• General Electric (U.S.)
• MEIDENSHA CORPORATION (Japan)
• Toshiba Corporation (Japan)

Recent Development

• In 2023, Eaton revealed plans for a revolutionary surge arrester with improved reliability and durability. Taking into consideration emerging technologies, this new product aims to meet the rising demand for effective power surge protection.
• In 2022, ABB, one of the industry's frontrunners, announced the acquisition of Cooper Bussmann which was a significant development for the Surge Arresters Market. Recognized as a top-tier provider of surge arresters, this strategic move demonstrated ABB's commitment to expanding its product offerings and enhancing its market position.
• In 2021, Siemens, a global leader in energy technology, made ripples when it announced plans to expand its surge arrester portfolio. Siemens emphasized its commitment to innovation, promising new products and services, in recognition of the industry's ever-changing requirements.

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