Surge Arrester Market

Market Overview:

The global surge arrester market size reached USD 1.80 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 2.52 Billion by 2033, exhibiting a growth rate (CAGR) of 3.93% during 2025-2033. The increasing use of electronic equipment, growing demand for reliable power supply, and rising occurrence of lightning strikes represent some of the key factors driving the market.

A surge arrester is a device used to protect electrical and electronic equipment from transient overvoltage events, such as lightning strikes or switching surges. These overvoltage events can cause significant damage to sensitive equipment and can even result in complete failure. A surge arrester works by diverting excess voltage from the equipment and dissipating it harmlessly into the ground. It typically consists of a metal oxide varistor (MOV) or a gas discharge tube (GDT) connected in parallel with the equipment being protected. When an overvoltage event occurs, the surge arrester provides a low-impedance path to the ground for excess voltage, thereby protecting the equipment from damage. In recent years, surge arresters have gained traction as they are commonly used in power distribution systems, telecommunications networks, and other applications with sensitive equipment.

Surge Arrester Market Trends:

One of the primary factors driving the market is the increasing need to safeguard electronic devices used in households and various industries from transient overvoltage events. Surge arresters provide a cost-effective solution for protecting sensitive equipment from such events. Additionally, the growing demand for reliable power supply, power utilities and other power generation and distribution companies are increasingly using surge arresters to protect their equipment from switching surges and other overvoltage events. Other than this, the increasing occurrence of lightning strikes due to climate change has escalated the demand for surge arresters as they provide protection against lightning strikes and minimize the damage caused by these events. Besides this, surge arresters are becoming increasingly crucial for sensitive electronic components in renewable energy sources as these energy sources are often located in remote and exposed areas, making them more vulnerable to lightning strikes and other overvoltage events. In line with this, the increasing adoption of industrial automation and control systems has resulted in a greater need for surge protection. Furthermore, the cost-effectiveness of surge arresters compared to other forms of overvoltage protection, such as isolation transformers and UPS systems, has made them a popular choice for protecting electronic equipment from overvoltage events. Apart from these factors, technological advancements in surge arrester design and materials have led to the development of more advanced and effective surge protection solutions. For instance, the use of metal oxide varistors (MOVs) and gas discharge tubes (GDTs) in surge arresters has significantly improved their performance and reliability. Moreover, stringent safety regulations and guidelines imposed by regulatory bodies, such as Occupational Safety and Health Administration (OSHA), National Fire Protection Association (NFPA), and International Electrotechnical Commission (IEC), have made the use of surge arresters mandatory in the healthcare facilities, data centers, and other critical infrastructure.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global surge arrester market, along with forecasts at the global, regional, and country levels from 2025-2033. Our report has categorized the market based on the material, class, voltage range, and end user.

Material Insights:

• Polymeric
• Porcelain
   

The report has provided a detailed breakup and analysis of the surge arrester market based on the material. This includes polymeric and porcelain. According to the report, polymeric represented the largest segment.

Class Insights:

• Distribution Class
• Intermediate Class
• Station Class
   

A detailed breakup and analysis of the surge arrester market based on the class has also been provided in the report. This includes distribution class, intermediate class, and station class. According to the report, station class accounted for the largest market share.

Voltage Range Insights:

• Low Voltage
• Medium Voltage
• High Voltage
   

The report has provided a detailed breakup and analysis of the surge arrester market based on the voltage range. This includes low voltage, medium voltage, and high voltage. According to the report, medium voltage represented the largest segment.

End User Insights:

• Industrial
• Commercial
• Residential
   

A detailed breakup and analysis of the surge arrester market based on the end user has also been provided in the report. This includes industrial, commercial, and residential. According to the report, industrial accounted for the largest market share.

Regional Insights:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for surge arrester. Some of the factors driving the Asia Pacific surge arrester market included rapid urbanization and industrialization, growing awareness about the importance of reliable and safe electrical systems, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global surge arrester market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include ABB Ltd., CG Power and Industrial Solutions Limited, Eaton Corporation plc, General Electric Company, Hubbell Incorporated, Izoelektro d.o.o., Siemens Energy (Siemens AG), TE Connectivity Ltd, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Key Questions Answered in This Report:

• How has the global surge arresters market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global surge arrester market?
• What is the impact of each driver, restraint, and opportunity on the global surge arrester market?
• What are the key regional markets?
• Which countries represent the most attractive surge arrester market?
• What is the breakup of the market based on the material?
• Which is the most attractive material in the surge arrester market?
• What is the breakup of the market based on the class?
• Which is the most attractive class in the surge arrester market?
• What is the breakup of the market based on voltage range?
• Which is the most attractive voltage range in the surge arrester market?
• What is the breakup of the market based on end user?
• Which is the most attractive end user in the surge arrester market?
• What is the competitive structure of the global surge arrester market?
• Who are the key players/companies in the global surge arrester market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the surge arrester market from 2019-2033.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global surge arrester market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the surge arrester industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.