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Premium Report Details
Base Year: 2024
Companies covered: 15
Tables & Figures: 26
Countries covered: 19
Pages: 134
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Commercial Surge Arrester Market
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Commercial Surge Arrester Market Size
The global commercial surge arrester market size was at USD 421.1 million in 2024 and is projected to reach USD 731.6 million in 2034, growing at a CAGR 5.5% from 2025 to 2034. Businesses are introducing wiser, more effective surge arresters to suit contemporary demands. ABB's 2024 introduction of smart surge arresters provide real-time monitoring and resilience. Such a breakthrough lures businesses willing to safeguard assets with innovative solutions, fueling market growth as technology transforms electrical safety.
Companies nowadays rely significantly on uninterrupted electricity to maintain smooth operations. The August 2024 report by the U.S. Department of Energy mentions a USD 2.2 billion investment in grid reliability, highlighting the increasing demand for surge arresters. These products protect commercial systems from power outages, so productivity doesn't suffer when power surges hit unexpectedly.
Commercial facilities are adopting solar and wind power at a fast rate. Renewable energy sources currently contribute 30% of the world's electricity production, as per the 2023 report of the International Energy Agency. Surge arresters are crucial to stabilize such systems, safeguarding investments and ensuring that clean energy seamlessly feeds into everyday life.
As urban areas grow, so do their power needs, particularly in business centers. The U.S. Census Bureau's 2024 figures show a 5% increase in construction outlays on commercial developments. This surge drives the demand for surge arresters to protect new structures and infrastructure from voltage spikes, ensuring urban expansion stays on track.
Governments globally are strengthening regulations to safeguard work equipment and workers. OSHA's 2024 revised standards now mandate commercial settings to provide surge protection against electrical hazards. The regulatory thrust obliges businesses to install surge arresters to become compliant and enable safer, stronger work environments against unforeseen power surges.
Commercial Surge Arrester Market Trends
Commercial Surge Arrester Market Analysis
Commercial Surge Arrester Market Share
The top five companies in the commercial surge arrester industry are ABB, Eaton, General Electric, Schneider Electric, and Siemens which held more than 40% market share in 2024. These firms lead on account of their extensive global marketing and distribution networks, sophisticated insulation system technologies, and adherence to global safety norms. Their focus on innovation, reliability, and sustainable solutions ensures competitive positioning in the surge protection industry.
Siemens possesses the most significant market share in the commercial surge arrester market because of its comprehensive product range, strong global presence, and sophisticated technology. The company generated revenues above USD 80 billion in 2024 with more than USD 6.53 billion set aside for research and development expenditures.
The company provides reliable and internationally compliant high-grade surge protection devices for commercial use. Their continuous R&D spending, strategic mergers and acquisitions, as well as smart grid focus further boosts their market position, making them the preferred vendor for commercial surge protection devices.
Commercial Surge Arrester Market Companies
Major prominent players operating across the commercial surge arrester industry are:
Commercial Surge Arrester Industry News
The commercial surge arrester market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million & “000 Units” from 2021 to 2034, for the following segments:
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Market, By Voltage
Market, By Material
The above information has been provided for the following regions and countries: