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Asia Pacific Surge Arrester Market Trends

Report ID: GMI6628
Published Date: Sep 2023
Report Format: PDF

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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.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

APAC surge arrester industry size was USD 624.7 million in 2023 and will reach over USD 939.5 million by 2032 due to rapid urbanization and industrialization in emerging economies.

Asia Pacific medium voltage surge arrester segment is poised to depict over 4.5% CAGR from 2023-2032 due to the ongoing urbanization, industrialization, and extensive infrastructure development projects, particularly in emerging economies.

China surge arrester industry size is anticipated to observe over 3.4% CAGR from 2023-2032 owing to soaring population growth and the surging reliable electricity demand.

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, and Elpro are some of the major surge arrester companies in APAC.