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Low Voltage Surge Arrester Market Share

Report ID: GMI5871
Published Date: Dec 2024
Report Format: PDF

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Low Voltage Surge Arrester Market Share

Low Voltage Surge Arrester Market Company Market Share Analysis, 2024

Siemens Energy holds a substantial share in the low voltage surge arrester industry due to its advanced technology, extensive product portfolio, and global presence. The company invests heavily in R&D to develop innovative, reliable, and efficient surge protection solutions that cater to diverse industries. Siemens Energy's strong distribution network and strategic partnerships also enhance its market reach, enabling it to maintain a competitive edge and capture significant market share globally.

Low Voltage Surge Arrester Market Companies

Major players operating in the low voltage surge arrester industry are:

ABB
CG Power
CHINT Group
DEHN
Eaton
Elpro
Ensto
General Electric
Hubbell
INAEL
Izoelektro
Siemens Energy
Surgetek
TDK Electronics
TE Connectivity

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The global market for low voltage surge arrester was reached USD 485.7 million in 2024 and is estimated to grow at a 5.7% CAGR from 2025 to 2034, driven by rising demand for reliable electrical protection amid urbanization, renewable energy integration, and smart grid advancements.

The low voltage surge arrester market is projected to reach USD 858.2 million by 2034, led by the increasing demand for compact, lightweight, and high-performance surge arresters.

The residential & commercial segment is expected to grow at a rate of 5.5% from 2025 to 2034, propelled by the expansion of electrical infrastructure and the proliferation of electronic devices.

The U.S. low voltage surge arrester market is likely to exceed USD 148 million by 2034, led by increasing investments in smart grid infrastructure, renewable energy projects, and industrial automation.

Major players in the industry include ABB, CG Power, CHINT Group, DEHN, Eaton, Elpro, Ensto, General Electric, Hubbell, INAEL, Izoelektro, Siemens Energy, Surgetek, TDK Electronics, and TE Connectivity.