Medium Voltage Surge Arrester Market Analysis

Medium Voltage Surge Arrester Market Analysis

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Medium voltage surge arrester market share from the polymer-based segment is predicted to expand at 5.5% CAGR through 2032. Polymer-based surge arresters offer several advantages that drive their widespread adoption in medium voltage electrical systems. Firstly, they are significantly lighter and more compact than traditional porcelain or ceramic arresters, making them easier to handle and install. This lightweight design also reduces the mechanical stress on supporting structures. Secondly, polymer-based surge arresters provide excellent pollution performance, maintaining their insulating properties even in heavily polluted environments. Thirdly, they have a self-cleaning capability, shedding contaminants and ensuring long-term reliability.
 

The utility sector was worth over USD 300 million in 2022 and is estimated to cross USD 550 million in 2032. Utilities, responsible for the generation, transmission, and distribution of electricity, play a pivotal role in ensuring the reliability and stability of electrical networks. With the increasing demand for electricity, utilities are continually expanding and upgrading their infrastructure, including medium voltage systems. Surge arresters are a critical component of this infrastructure, safeguarding utility assets from transient overvoltages and voltage surges. As utilities strive to deliver uninterrupted and high-quality power supply to consumers, they are increasingly investing in advanced surge protection solutions.
 

Asia Pacific medium voltage surge arrester market is anticipated to grow at a CAGR of 4% between 2023 and 2032, on account of the rapid urbanization and industrialization across the region that have led to increased electricity consumption, creating a heightened need for reliable power distribution networks. As a result, utilities and industries are expanding and upgrading their medium voltage electrical systems, necessitating effective surge protection. The integration of renewable energy sources, such as solar and wind, into the power grid has introduced complexities that require advanced surge protection solutions to ensure grid stability.