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Commercial Surge Arrester Market Size
- Report ID: GMI7961
- Published Date: Jan 2024
- Report Format: PDF
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Commercial Surge Arrester Market Size in 2023: | USD 391.9 Million |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 5.9% |
| 2032 Value Projection: | USD 667.4 Million |
| Historical Data for: | 2019 to 2023 |
| No. of Pages: | 320 |
| Tables, Charts & Figures: | 418 |
| Segments covered: | Voltage, Material |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Commercial Surge Arrester Market Scope
