Home > Energy & Power > Electrical Equipment > Surge Arrester > Low Voltage Surge Arrester Market

Low Voltage Surge Arrester Market Size

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

Download Free Sample

Low Voltage Surge Arrester Market Size

The global low voltage surge arrester market was valued at USD 485.7 million in 2024 and is estimated to grow at a CAGR 5.7% from 2025 to 2034, driven by rising demand for reliable electrical protection amid urbanization, renewable energy integration, and smart grid advancements. The U.S. Department of Energy reported that in 2022, smart grid investments reached USD 13.8 billion, highlighting the growing demand for advance surge arresters. Additionally, there is a rising demand for compact, lightweight, and high-performance surge arresters to address space constraints and efficiency needs in modern electrical systems.

To get key market trends

Download Free Sample

Moreover, digital monitoring solutions that enable real-time condition tracking are gaining traction, enhancing operational reliability. The adoption of eco-friendly materials and sustainable manufacturing practices reflects the industry's focus on environmental responsibility. Also, companies are prioritizing R&D investments to develop innovative products, leveraging partnerships and acquisitions to strengthen their market position in this competitive landscape.

Low Voltage Surge Arrester Market Report Attributes
Report Attribute	Details
Base Year:	2024
Low Voltage Surge Arrester Market Size in 2024:	USD 485.7 Million
Forecast Period:	2025 to 2034
Forecast Period 2025 to 2034 CAGR:	5.7%
2034 Value Projection:	USD 858.2 Million
Historical Data for:	2021 - 2023
No. of Pages:	100
Tables, Charts & Figures:	20
Segments covered:	Material, Application
Growth Drivers:	Increasing demand for electricity Large scale renewable integration Rising residential and commercial infrastructure spending
Pitfalls & Challenges:	Fluctuating raw material cost

Learn more about the key segments shaping this market

Download Free Sample

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.