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Europe Surge Arrester Market Trends

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

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Europe Surge Arrester Market Trends

The European market for surge arrester is witnessing several prominent trends. The growing emphasis on renewable energy sources and grid modernization. As Europe strives to transition to cleaner energy generation, surge arresters play a crucial role in protecting sensitive renewable energy installations and the electrical grid from voltage surges. Another trend is the development of eco-friendly surge arresters. Manufacturers are focusing on more environmentally friendly materials and designs, aligning with Europe's sustainability goals. Additionally, there is a rising demand for smart surge arresters equipped with monitoring and diagnostic capabilities.

Another noteworthy trend in the European surge arrester market is the shift towards compact and modular surge protection solutions. Manufacturers are developing smaller, more space-efficient surge arresters that are easier to install and maintain. These compact designs are particularly useful in urban areas with limited space for electrical infrastructure. Furthermore, modular surge protection solutions allow for scalability and flexibility, making it easier to adapt to evolving grid requirements and accommodate growing renewable energy installations.

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.