Surge Arresters - Global Strategic Business Report

The global market for Surge Arresters was estimated at US$1.9 Billion in 2024 and is projected to reach US$2.6 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Surge Arresters market.

Global Surge Arresters Market - Key Trends and Drivers Summarized

How Are Surge Arresters Protecting Electrical Systems?

Surge arresters are essential devices that protect electrical equipment and systems from voltage spikes and transient overvoltages caused by lightning strikes, switching operations, or electrical faults. By diverting excess voltage to the ground, surge arresters prevent damage to transformers, substations, transmission lines, and industrial equipment, ensuring operational safety and reliability. These devices are critical in power distribution networks, industrial facilities, and commercial buildings, where electrical systems are exposed to potential overvoltage events. As the demand for reliable power infrastructure grows, surge arresters have become a fundamental component in safeguarding electrical assets and minimizing downtime.

What Are the Key Segments in the Surge Arresters Market?

Key types include polymeric and porcelain surge arresters, with polymeric surge arresters holding the largest market share due to their lightweight, durability, and resistance to environmental factors. Voltage levels cover low, medium, and high voltage, with high-voltage surge arresters representing a significant segment driven by their use in power transmission and substations. End-users include power utilities, industrial facilities, commercial buildings, and transportation infrastructure, with power utilities leading the market as they implement surge protection across transmission lines and substations to ensure reliable electricity supply.

How Are Surge Arresters Integrated Across Power Systems?

In power utilities, surge arresters are installed in substations, transmission lines, and transformers to protect equipment from lightning-induced overvoltages, reducing the risk of outages and equipment failure. In industrial facilities, surge arresters safeguard machinery, control panels, and automation systems from electrical surges, ensuring operational continuity and safety. Commercial buildings also rely on surge arresters to protect electrical systems, HVAC units, and sensitive equipment from transient voltage spikes. Additionally, transportation infrastructure, including railways and airports, uses surge arresters to protect communication systems, signaling equipment, and electrical circuits from potential overvoltage damage.

What Factors Are Driving the Growth in the Surge Arresters Market?

The growth in the Surge Arresters market is driven by several factors, including increasing investments in power infrastructure, industrial automation, and renewable energy projects. Advancements in surge arrester technology, such as improved energy absorption capacity, enhanced material durability, and smart monitoring features, have supported broader applications across power systems and industrial facilities. The focus on grid reliability and operational safety has further fueled demand, as surge arresters provide effective protection against lightning strikes, switching surges, and other transient overvoltages. Additionally, rising energy consumption, expanding transmission networks, and growing awareness of electrical safety standards have contributed to market growth, encouraging the adoption of surge arresters in diverse settings.

SCOPE OF STUDY:

The report analyzes the Surge Arresters market in terms of units by the following Segments, and Geographic Regions/Countries:

• Segments: Type (Polymeric, Porcelain); Class (Distribution, Intermediate, Station); End-Use (Utilities, Industries, Transportation)
• Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Polymeric segment, which is expected to reach US$1.7 Billion by 2030 with a CAGR of a 5.9%. The Porcelain segment is also set to grow at 4.7% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $495.7 Million in 2024, and China, forecasted to grow at an impressive 8.6% CAGR to reach $606.2 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Surge Arresters Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Surge Arresters Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Surge Arresters Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as ABB Ltd., Advanced Protection Technologies Inc, CG Power and Industrial Solutions Ltd, Eaton Corporation PLC, Emerson Electric Co. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 37 companies featured in this Surge Arresters market report include:

• ABB Ltd.
• Advanced Protection Technologies Inc
• CG Power and Industrial Solutions Ltd
• Eaton Corporation PLC
• Emerson Electric Co.
• General Electric Company
• Legrand SA
• Leviton Manufacturing Company, Inc.,
• Littlefuse, Inc.
• Mitsubishi Electric Corporation
• Raycap Corporation SA
• Schneider electric SE
• Siemens AG

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.