The market research report, entitled Surge Arrester Market shows good possibilities in the Surge Arrester Market during the next five-year period and ensures more information regarding market trends. The following summary will give an overview of the drivers, challenges, and key players in the market.

Global Surge Arrester Market Forecast:

The surge arrester market was estimated at USD 1.6 billion in 2021 and is likely to grow at a CAGR of 5.5% during 2022-2028 to reach USD 2.33 billion in 2028.

What is a surge arrester?

A surge arrester is basically a device that is used to provide protection to electrical equipment in power transmission and distribution systems, from over-voltage transients caused by external lightning or internal switching events.

Market Dynamics

The growth of the surge arrester market is primarily driven by-

  • Growing electricity demand,
  • Large-scale renewable integration,
  • Refurbishment of existing grid networks,
  • Increasing electric infrastructure spending.

Some linchpins in the market are:

  • ABB Limited
  • CG Power and Industrial Solutions Limited
  • DEHN
  • Eaton Corporation
  • General Electric
  • Hakel
  • Hubbell Power Systems
  • INAEL Electrical Systems
  • Siemens AG
  • TE Connectivity.

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Ritesh Gandecha

Stratview Research

E-mail: sales@stratviewresearch.com

Direct: +1-313-307-4176

About Stratview Research
Stratview Research is a global market intelligence firm helping its clients track the ever-evolving market scenarios through customized and syndicated reports. The reports offered here are gathered with the help of our wide-ranging and reliable secondary sources and in-depth interviews with the linchpins within the market. Extrapolated through primary and secondary research, Stratview Research’s reports help you remain ahead of the curve by enabling you to understand the current market trends and challenges coming on your way. Our strong team of industry veterans and researchers assure high quality research and strategic insights that help companies worldwide in effective decision making.