Asia Pacific Surge Arrester Market Size - By Voltage (Low, Medium, High), By Class (Distribution, Intermediate, Station), By Material (Polymer, Porcelain), By Application (Residential & Commercial, Industrial, Utility), 2024 – 2032

Asia Pacific Surge Arrester Market Size

Asia Pacific Surge Arrester Market was valued at around USD USD 624.7 million in 2023 and is estimated to register more than 4.5% CAGR from 2024 to 2032. The surge arrester market in the Asia Pacific region is experiencing robust growth, propelled by several key drivers.
 

The rapid urbanization and industrialization in emerging economies are leading to increased investments in critical infrastructure, including power distribution and telecommunications networks. As these networks expand, the need for effective surge protection to safeguard equipment and ensure uninterrupted service becomes paramount. Additionally, the growing awareness of the economic and operational losses caused by voltage surges and lightning strikes is driving the adoption of surge arresters across various sectors, from manufacturing to telecommunications and data centers.
 

Furthermore, the surge in renewable energy installations, such as solar and wind farms, is creating a heightened demand for surge protection to safeguard these investments. The Asia Pacific region's vulnerability to lightning strikes and extreme weather events further underscores the importance of surge protection, fueling market growth. With governments emphasizing grid resilience and reliability, surge arresters are poised to play a crucial role in ensuring uninterrupted power supply and protecting valuable assets across the Asia Pacific region.
 

COVID-19 Impact

The Asia Pacific surge arrester market felt the reverberations of the COVID-19 pandemic in several ways. The initial disruptions were seen in supply chain delays and logistic challenges, affecting the manufacturing and distribution of surge protection devices. With lockdowns and social distancing measures in place, on-site installations and maintenance services faced interruptions, impacting the market's short-term growth. Economic uncertainties led to deferred capital expenditures by some industries, temporarily dampening the demand for surge arresters.
 

However, the pandemic also underscored the critical importance of uninterrupted electrical and data transmission systems, especially with the surge in remote work and digital connectivity. This renewed focus on resilience and the growing recognition of the vulnerabilities of critical infrastructure have spurred the adoption of surge protection solutions across various sectors. As economies recover and digital transformation accelerates, the market is expected to regain momentum, driven by a heightened emphasis on safeguarding critical assets and ensuring uninterrupted services.
 

Asia Pacific Surge Arrester Market trends

The market is experiencing notable trends driven by factors such as rapid urbanization, industrialization, and increasing investments in power infrastructure. As the demand for electricity surges, so does the need for reliable surge protection, boosting the market for surge arresters. Moreover, the region's focus on renewable energy sources and the development of smart grids has heightened the importance of surge protection, further propelling market trends.
 

Manufacturers are responding with innovative technologies, offering high-performance and reliable surge arrester solutions. Additionally, growing awareness among end-users regarding the significance of surge protection is fueling market expansion. With sustained infrastructure development and ongoing technological advancements, the market is poised for continued growth in the foreseeable future.
 

Asia Pacific Surge Arrester Market Analysis

The Asia Pacific surge arrester market is segmented in medium, low, and high based on voltage rating. The medium voltage surge arresters segment held the major business share of over 42% in 2022 and is anticipated to grow at a CAGR of over 4.5% by 2032. The market is poised for significant growth, driven by a confluence of factors. One of the key drivers is the region's ongoing urbanization, industrialization, and extensive infrastructure development projects, particularly in emerging economies. These initiatives are expanding the electrical grid, necessitating robust surge protection solutions within voltage ranges of 1kV to 36kV.
 

Moreover, the increasing adoption of renewable energy sources like solar and wind power is reshaping the energy landscape. As these sources integrate into existing grids, medium voltage surge arresters become essential in safeguarding renewable energy systems from transient overvoltages, ensuring their reliable and safe operation. Additionally, the rising proliferation of residential and commercial establishments is fueling the demand for effective and dependable distribution networks, further bolstering the adoption of medium voltage surge arresters across the Asia Pacific region in the coming years.
 

On the basis of class, the Asia Pacific surge arrester market is segmented in distribution, intermediate and station. The distribution segment was assessed at over USD 160 million in 2022 and is anticipated to reach over USD 270 million by 2032. The distribution class surge arresters are meticulously designed to provide protection for electrical systems with voltage ratings ranging from 1 kV to 33 kV. These arresters are distinguished by their exceptional capability to discharge high voltage, effectively manage Temporary Over-Voltages (TOV), and offer cost-effective advantages compared to alternative options in the market. They exhibit impressive operational efficiency within a broad ambient temperature range spanning from -50°C to +60°C and boast a commendable pressure relief capacity of 20 kA, making them highly adaptable across a wide spectrum of industries.
 

Furthermore, the Distribution class encompasses a range of classifications, including heavy-duty and normal-duty riser poles, along with specialized application arresters like dead front elbow and riser pole variants. These systems have garnered significant popularity across various industries due to their proven reliability in safeguarding diverse equipment, thus fostering their widespread adoption across the Asia Pacific region.
 

In terms of application, the Asia Pacific surge arrester market is divided into three segments: residential & commercial, industrial, and utility sectors. In 2022, the residential and commercial sectors saw the installation of more than 2 million units, and this figure is expected to surpass 5 million units by 2032. The increasing emphasis on the integration of extensive frequency distribution networks, along with growing concerns related to overvoltages, is poised to boost the demand for surge arresters in both residential and commercial settings. As rural populations continue to migrate to urban areas, and the commercial sector undergoes expansion, there is a rising rate of surge arrester installations in these sectors.
 

Governments worldwide are taking proactive measures to upgrade existing power grids to address the frequent disruptions caused by lightning impulses, voltage surges, and internal system faults. For instance, in Australia, nearly 97% of blackouts are attributed to network faults and incidents, leading to disruptions in commercial operations and thereby driving increased demand for surge arresters throughout the country.
 

China surge arrester market is anticipated to grow at a CAGR of over 3.4% by 2032 owing to soaring population growth resulting in growing reliable electricity demand. The surge arrester market in China is experiencing robust growth driven by the country's rapid urbanization and industrialization which have led to the expansion of power distribution networks, resulting in an increased demand for surge protection solutions. China's ambitious investments in renewable energy, particularly solar and wind power, require advanced surge arresters to protect these valuable assets from voltage surges and transient events, thus driving market growth.
 

Additionally, the nation's increasing focus on upgrading its existing power infrastructure to enhance grid reliability and reduce downtime has spurred the adoption of surge arrester technology. Furthermore, as China's population continues to migrate to urban areas, there is a growing need to protect residential and commercial establishments from electrical disturbances, further fueling the surge arrester market's expansion.
 

Asia Pacific Surge Arrester Market Share

Key players in the Asia Pacific surge arrester market are placing strong emphasis on expanding their manufacturing capabilities and making substantial investments in research and development. Their main goal is to advance protection and control technologies. Additionally, these firms are giving high priority to producing premium tailored products to meet specific client needs. To meet the growing demand for seamless product integration, these market leaders are also expanding their manufacturing facilities. These strategic moves have become essential in shaping the industry's competitive landscape.
 

Notable companies operating in the Asia Pacific surge arrester industry include:

• DEHN SE
• TDK Electronics AG
• CG Power & Industrial Solutions Ltd
• Siemens Energy
• Hubbell
• Phoenix Contact
• TE Connectivity
• L&T Electrical & Automation
• ABB
• General Electric
• INDELEC
• Ensto
• Hitachi Energy Ltd
• CHINT Group
• Toshiba
• Elpro
• Axis Electrical Components (India) Pvt. Ltd.
• Eaton
• INAEL S.A.
• Raycap
   

Asia Pacific Surge Arrester Market News:

• In September 2021, Toshiba ESS, which is a subsidiary of Toshiba, announced to triple the production of polymer housed surge arresters owing to their growing demand for safety of power distribution & transmission facilities and equipment. The increase in production will aid the firm in fulfilling the growing demand for the technology, which in turn will drive the market share growth of the company across the globe.
   
• In November 2020, Hitachi Energy Ltd. announced the inauguration of a new surge arrester factory in Xiamen, China. The new factory is build in order to cater to the growing demand for reliable and safe energy across the country. Furthermore, the new factory incorporates automated production lines, which in turn will boost Hitachi Energy’s productivity across the country. The new infrastructure will aid the firm in offering efficient solutions to the customers across Asia Pacific, thereby boosting the company’s presence in the region.
   

Asia Pacific Surge Arrester market research report includes an in-depth coverage of the industry with estimates & forecast in terms of ‘000 Units & USD Million from 2019 to 2032, for the following segments:

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By Voltage (‘000 Units, USD million)

• Low
• Medium
• High

By Class (‘000 Units, USD million)

• Distribution
• Intermediate
• Station

By Material (‘000 Units, USD million)

• Polymer
• Porcelain

By Application (‘000 Units, USD million)

• Residential & Commercial
• Industrial
• Utility

The above information has been provided for the following countries:

• China
• Japan
• India
• South Korea
• Australia