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Low Voltage Surge Arrester Market Trends

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

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Low Voltage Surge Arrester Market Trends

The low voltage surge arrester industry is experiencing a shift towards innovation-driven growth, with companies investing heavily in R&D to develop compact, efficient, and sustainable solutions. Rising urbanization and industrialization, particularly in Asia-Pacific and Latin America, are spurring demand as these regions focus on infrastructure development. For instance, in October 2021, U.S. Energy Information Administration reports that global electricity consumption will grow to 50% by 2050, primarily in non-OECD countries, indicating a rising need for surge protection.

Furthermore, digital surge arresters with monitoring capabilities are gaining traction in advanced markets, catering to the growing need for real-time diagnostics and predictive maintenance. Additionally, compliance with stringent safety and performance standards drives product innovation, while sustainability efforts, including using eco-friendly materials, align with global environmental goals, shaping the competitive landscape.

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.