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Europe Surge Arrester Market Share

Report ID: GMI7016
Published Date: Oct 2023
Report Format: PDF

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Europe Surge Arrester Market Share

ABB has established itself as a dominant player in the surge arrester market across Europe, holding a substantial market share. The company's strong market presence can be attributed to its unwavering commitment to innovation and the delivery of high-quality surge protection solutions. ABB's surge arresters are renowned for their advanced technology and reliability, offering superior protection against voltage surges in electrical systems. With a deep understanding of the European market's diverse needs, ABB has tailored its surge arrester offerings to effectively safeguard a wide range of applications, from residential and commercial sectors to critical industrial installations. This strategic alignment with the regional market demands has allowed ABB to build trust among customers and maintain its market leadership by delivering sustainable and efficient surge protection solutions.

Some of the key market players operating across the Europe surge arrester industry are:

TE Connectivity
ABB
General Electric
CG Power & Industrial Solutions Ltd.
Eaton
Siemens Energy
Hubbell
INAEL, S.A.
CHINT Group
DEHN SE
Ensto
Elpro
TDK Electronics AG
L&T Electrical & Automation
Phoenix Contact
INDELEC
Raycap
ETI Elektroelement d.o.o
Hitachi Energy Ltd.
TOSHIBA

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market valuation of surge arrester in Europe was exceeded USD 412.9 million in 2023 and is projected to grow at a CAGR of over 5.8% through 2032.

Polymer based surge arresters held a market value of over USD 190 million in 2022 and will register a CAGR of over 6.5% through 2032, owing to the increasing emphasis on environmental sustainability.

The UK surge arrester industry is anticipated to grow at a CAGR of over 5% through 2032, on account of the increasing need for grid stability and the protection of critical infrastructure across the nation.

TE Connectivity, ABB, General Electric, CG Power & Industrial Solutions Ltd., Eaton, Siemens Energy, Hubbell, INAEL, S.A., CHINT Group, DEHN SE, and Ensto among others.