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Distribution Surge Arrester Market Trends

Report ID: GMI8075
Published Date: Feb 2024
Report Format: PDF

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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.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of distribution surge arrester was reached USD 506.7 million in 2023 and is anticipated to grow at a CAGR of over 5.7% through 2032, driven by the increasing demand for reliable electricity distribution networks.

Medium voltage distribution surge arresters market is anticipated to grow rapidly through 2032, driven by increasing industrialization, urbanization, and infrastructural developments

Asia Pacific market for distribution surge arrester will account for over USD 285 million by 2032, driven by rapid industrialization and urbanization across emerging economies in the region, that are fueling the demand for reliable electricity distribution networks.

ABB, AK Power Solutions Pty Ltd., CHINT Group, CG Power & Industrial Solutions Ltd., DEHN SE, Eaton, Elektrolites, Elpro, Ensto, General Electric are some of the major industry contenders.