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

Distribution Surge Arrester Market Size

Distribution Surge Arrester Market was valued at USD 506.7 million in 2023 and is anticipated to grow at a CAGR of 5.7% by 2032. The increasing demand for reliable electricity distribution networks, particularly in emerging economies are among the key factors augmenting the industry landscape.
 

The growing investments in infrastructure development, including urbanization projects and the expansion of industrial facilities, are driving the adoption of distribution class surge arresters to safeguard electrical equipment and systems from transient over-voltages. Moreover, stringent regulatory standards and safety regulations mandating the use of surge protection devices in distribution networks are further augmenting market growth.
 

COVID–19 Impact

The COVID-19 pandemic exerted varied impacts on the distribution surge arrester market. Initially, disruptions in supply chains and construction projects led to temporary slowdowns in installations and demand. As remote working surged, reliance on stable electricity distribution increased, driving demand for surge protection solutions. However, increased emphasis on reliable power distribution systems, stimulating the adoption of distribution surge arresters to safeguard against voltage surges and ensure uninterrupted electricity supply amidst changing work and lifestyle patterns will cater to the industry expansion.

Distribution Surge Arrester Market Trends

The distribution class surge arrester industry is set to observe substantial expansion driven by the increasing focus on smart grid infrastructure, spurred by renewable energy integration and the need for resilient power distribution systems. Global investment in smart grid technologies is evident, such as Japan's USD 155 billion fund unveiled in 2022 to encourage investments in emerging grid technologies and energy-efficient initiatives. This emphasizes improving smart grids and interconnections between regional networks. Urbanization and industrialization, especially in emerging economies, escalate the demand for surge arresters to protect critical infrastructure and ensure uninterrupted power supply amidst rising energy consumption and grid complexities.
 

Distribution Surge Arrester Market Analysis

Based on the voltage, the market is predominantly bifurcated into low and medium. Medium voltage surge arresters have held a dominating revenue share owing to its significant adoption across large commercial, industrial, and utility sectors. This surge can be attributed to several factors, including increasing industrialization, urbanization, and infrastructural developments. As urban populations expand and industries grow, the demand for reliable electricity distribution systems rises, driving the need for robust surge protection solutions. Additionally, stringent regulatory requirements and safety standards further bolster the adoption of medium voltage surge arresters across various applications, ensuring uninterrupted power supply and safeguarding critical electrical infrastructure against transient voltage surges.
 

The distribution surge arrester market from the polymer material segment is experiencing about 6% CAGR from 2024 to 2032. This surge can be attributed to several factors, including the superior performance characteristics of polymer-based surge arresters compared to traditional porcelain counterparts. Polymer surge arresters offer advantages such as lighter weight, enhanced mechanical strength, and greater resistance to environmental factors like pollution and moisture. Additionally, advancements in polymer technology have led to the development of surge arresters with improved electrical insulation properties and higher energy absorption capacities, making them well-suited for modern distribution networks.
 

The distribution class surge arrester market is growing due to increased demand from the industrial sector. Industries invest in upgrading electrical infrastructure for reliability and safety, crucial for uninterrupted production. Surge arresters protect equipment from voltage spikes, vital for sensitive machinery, which in turn drives its adoption. Industrial operations' complexity necessitates robust surge protection capable of handling load variations, propelling the technology demand. Stringent regulations mandating surge protection in industrial settings further boost market growth. As industries prioritize efficiency and reliability, demand for distribution class surge arresters tailored to industrial needs rises, driving sustained market expansion.
 

Asia Pacific distribution surge arrester market will account for over USD 285 million by 2032. Rapid industrialization and urbanization across emerging economies in the region are fueling the demand for reliable electricity distribution networks, stimulating the adoption of surge protection solutions. As countries in Asia Pacific strive to modernize their infrastructure and enhance energy efficiency, there is a growing need to safeguard critical electrical equipment from voltage surges and transient events.
 

The increasing deployment of renewable energy sources, such as solar and wind power, necessitates the integration of advanced surge protection technologies to maintain grid stability and reliability. As per REN 21 report, in 2022, China experienced a substantial surge in its investment in renewables, marking a 56.2% increase to reach USD 274.4 billion, constituting 55% of the total global investment in the sector. Furthermore, stringent regulatory standards and safety mandates aimed at improving power quality and ensuring equipment protection are accelerating the uptake of distribution surge arresters across various applications.
 

Distribution Surge Arrester Market Share

Siemens Energy stands out as a dominant force in the market due to its comprehensive range of surge protection solutions and extensive global presence. With a proven track record of innovation and reliability, Siemens Energy consistently delivers cutting-edge technology and tailored solutions to meet the evolving needs of the distribution class surge arrester market. Its robust research and development capabilities, coupled with a commitment to quality and customer satisfaction, reinforce Siemens Energy's position as a leader in the industry.
 

Distribution Surge Arrester Market Companies

Some of the major key players operating across the distribution surge arrester industry are:

• ABB
• AK Power Solutions Pty Ltd.
• CHINT Group
• CG Power & Industrial Solutions Ltd.
• DEHN SE
• Eaton
• Elektrolites
• Elpro
• Ensto
• General Electric
• Hubbell
• Izoelektro
• MacLean Power Systems
• Nanyang Jinniu Electric Co., Ltd.
• Orient Electric International Group Limited
• Rex Power Magnetics
• Siemens Energy
• Surgetek
• TDk Electronics AG
• TE Connectivity
   

Distribution Surge Arrester Industry News

• In June 2023, Raycap introduced the ProTec PV Box 7y surge protection solutions designed for charging stations and PV system. These innovations highlight Raycap's dedication to improving the safety and resilience of photovoltaic installations and charging infrastructure. Through advanced surge protection, Raycap tackles key electrical issues, ultimately boosting system reliability and longevity.
   
• In July 2021, General Electric revealed that it had secured a supply agreement from GSI Helmholtzzentrum für Schwerionenforschung, which is a research institution that operates an ion accelerator facility across Germany. Under the terms of the contract, the company will supply its LV8 platform to the research facility, comprising a range of components such as medium voltage switchgear, power transformers, surge arresters, among others. This new agreement positions GE to expand its customer reach in Germany and strengthen its market presence throughout Europe.
   

This distribution 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
• Medium

Market, By Material

• Polymer
• Porcelain

Market, By Application

• Residential & commercial
• Industrial
• Utility

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