Commercial Surge Arrester Market Size - By Voltage Low Voltage, Medium Voltage), By Material (Polymer, Porcelain), & Forecast, 2024 – 2032

Commercial Surge Arrester Market Size

Commercial Surge Arrester Market was valued at over USD 391 million in 2023 and is projected to witness more than 5.9% CAGR between 2024 and 2032. The increasing reliance on electronic devices and sensitive equipment in commercial spaces, such as offices, data centers, and industrial facilities, has heightened the need for effective surge protection to safeguard against voltage spikes. Additionally, the growing awareness of the financial implications associated with equipment damage and downtime due to power surges has prompted businesses to invest in advanced surge protection solutions.
 

Moreover, the continuous expansion of the commercial sector, coupled with the rising trend of smart buildings and infrastructure, has further fueled the demand for reliable surge arrester technologies. As businesses embrace digital transformation and connectivity, the surge arrester market is poised for sustained growth, driven by the imperative to ensure the uninterrupted operation of critical systems and protect valuable assets from the damaging effects of electrical surges.
 

COVID-19 Impact

The COVID-19 pandemic has impacted the commercial surge arrester market by causing disruptions in supply chains, delaying infrastructure projects, and leading to economic uncertainties. As businesses faced challenges and financial constraints during lockdowns, the demand for surge protection solutions may have experienced fluctuations. However, the increased reliance on digital infrastructure and the growing awareness of the importance of surge protection in critical systems may drive recovery and future growth in the commercial surge arrester as businesses adapt to evolving operational needs.
 

Commercial Surge Arrester Market Trends

The commercial surge arrester industry is witnessing notable trends driven by advancements in technology, increased demand for reliable power supply, and a growing emphasis on the protection of electronic equipment. Surge arresters play a crucial role in safeguarding electrical systems by diverting excessive voltage and preventing damage caused by transient overvoltages. The market is experiencing a shift towards smart surge arresters that offer real-time monitoring and remote diagnostics. Additionally, there is a rising focus on sustainable and eco-friendly solutions, leading to the development of surge arresters with reduced environmental impact.
 

The need for advanced surge protection solutions becomes paramount in urban environments, where the concentration of electronic equipment, critical infrastructure, and interconnected systems is higher, thereby fueling the demand for surge arresters and contributing to the overall market growth.
 

Commercial Surge Arrester Market Analysis

The low voltage surge arresters market size surpass USD 80 million in 2023 and is predicted to hit USD 125 million by 2032. The increasing reliance on electronic devices in commercial spaces, coupled with a rising awareness of the importance of power quality, has heightened the demand for surge protection. Ongoing technological advancements in surge arrester design and manufacturing processes contribute to the development of more effective and reliable solutions, further encouraging adoption in commercial applications. Stringent safety regulations, expansion of renewable energy systems, the growth of data centers, and the overall increase in construction and infrastructure projects also play pivotal roles in driving the market.
 

The polymer surge arrester market valuation crossed USD 190 million in 2023, with an anticipated growth rate of over 6% through 2032. These arresters offer superior performance characteristics, including high energy absorption capacity and quick response time, enhancing their effectiveness in protecting electrical equipment from transient overvoltage. Moreover, the durability and resistance to environmental factors such as UV radiation and pollution make polymer-based surge arresters a reliable choice, contributing to an extended service life. As industries continue to prioritize efficient and reliable electrical systems, the advantages offered by polymer-based surge arresters are likely to fuel their increasing demand and market growth.
 

Asia Pacific commercial surge arrester market is likely to reach USD 225 million by 2032. The rapid urbanization and industrialization in the region have led to an increased demand for reliable power infrastructure, creating a substantial market for surge protection devices. Despite these the growing awareness about the detrimental effects of power surges on electronic equipment and the need for safeguarding against these risks is encouraging the adoption of surge arresters in commercial establishments. Additionally, the escalating investments in smart grid technology and the expanding telecommunications sector are further propelling the demand for surge protection solutions.
 

Commercial Surge Arrester Market Share

Distinguished as a prominent leader in the commercial surge arrester industry, ABB stands out for its global reach and cutting-edge solutions. ABB consistently showcases a dedication to the progression of surge protection technology, solidifying its reputation as an industry pioneer. With a wide-ranging product portfolio and a track record of dependability, ABB holds a crucial position in addressing the changing surge protection requirements of commercial applications on a global scale. The company significantly contributes to the overall advancement and growth of the market.
 

Commercial Surge Arrester Market Companies

Some of the prominent players operating across the commercial surge arrester industry are:

• ABB
• CHINT Group
• DEHN SE
• DITEK, Inc.
• Eaton
• Elpro
• Ensto
• General Electric
• Hager Group
• Littelfuse, Inc.
• Raycap
• Schneider Electric
• Siemens
• Surgetek
• TDK Electronics AG
   

Commercial Surge Arrester Industry News

• In June 2023, Raycap unveiled cutting-edge surge protection solutions ProTec PV Box 7y for PV systems and charging stations. The showcased innovations underscore Raycap's commitment to advancing the safety and resilience of photovoltaic installations and charging infrastructure. By offering state-of-the-art surge protection, Raycap addresses critical electrical challenges, enhancing overall system reliability and durability.
   

This commercial surge arrester market research report includes an in-depth coverage of the industry with estimates & forecast in terms of units and revenue in ‘000 Units and USD Million from 2019 to 2032, for the following segments:

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Market, By Voltage

• Low voltage
• Medium voltage

Market, By Material

• Polymer
• Porcelain

The above information has been provided for the following regions and countries:

• North America
• U.S.
• Canada
• Mexico 
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
• Latin America
  • Brazil
  • Argentina