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Low Voltage Surge Arrester Market Trends

Report ID: GMI5871
Published Date: May 2023
Report Format: PDF

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Low Voltage Surge Arrester Market Trends

The growing application of these devices in distribution transformers, low voltage switchgears, electricity service entrance locations, and various residential and commercial establishments is expected to drive the demand for such products. Furthermore, the adoption of low voltage surge arresters in primary and secondary distribution channels, coupled with significant investments in distribution infrastructure, will fuel the low voltage surge arrester market demand.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of low voltage surge arrester crossed a valuation of USD 451.3 million in 2023 and will register 6.1% CAGR during 2024 to 2032 led by the rising demand for electricity across various sectors, backed by population growth, urbanization, and industrialization.

The low voltage surge arrester industry size from residential & commercial application is expected to surpass USD 680 million by 2032, owing to the increasing emphasis on incorporating comprehensive frequency distribution networks, along with rising concerns related to overvoltage.

Asia Pacific low voltage surge arrester sector will observe 5% growth through 2032, on account of gradual rise in electricity demand with population boom, along with growing emphasis on improving the quality & reliability of power systems.

TE Connectivity, ABB, Surgetek, General Electric, Eaton, Hubbell, Izoelektro, INAEL, S.A., CHINT Group, Siemens Energy, DEHN SE, Ensto, CG Power & Industrial Solutions Ltd., Elpro, TDK Electronics AG.