Home > Energy & Power > Electrical Equipment > Surge Arrester > Commercial Surge Arrester Market

Commercial Surge Arrester Market Share

Report ID: GMI7961
Published Date: Jan 2024
Report Format: PDF

Download Free Sample

Commercial Surge Arrester Market Share

Global Company Market Share Analysis, 2023, (%)

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

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market valuation of commercial surge arrester was reached USD 391 million in 2023 and is estimated to record over 5.9% CAGR from 2024 to 2032, owing to the growing awareness of the financial implications associated with equipment damage and downtime due to power surges.

The low voltage surge arresters segment exceeded USD 80 million in 2023 and is anticipated to surpass USD 125 million by 2032, owing to the increasing reliance on electronic devices in commercial spaces, coupled with a rising awareness of the importance of power quality.

Asia Pacific market for commercial surge arrester will exceed USD 225 million by 2032, attributed to the rapid urbanization and industrialization in the region, that have led to an increased demand for reliable power infrastructure.

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