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Medium Voltage Surge Arrester Market Trends

Report ID: GMI6730
Published Date: Sep 2023
Report Format: PDF

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Medium Voltage Surge Arrester Market Trends

The medium voltage surge arrester market is witnessing several notable trends. One prominent trend is the increasing integration of smart and IoT-based surge protection solutions. These advanced surge arresters are equipped with monitoring and diagnostic capabilities, allowing real-time data collection and analysis to assess the health of electrical systems. The growing emphasis on environmentally friendly surge arrester designs, including the use of eco-friendly materials and recyclable components to align with sustainability goals also plays a major role in driving the product adoption.

Furthermore, the adoption of surge protection in data centers and critical infrastructure is growing due to the increasing reliance on digital technologies. Lastly, there is a shift toward surge protection solutions that offer easy installation and maintenance, reducing downtime and operational costs for end-users. These trends reflect the evolving needs of industries and utilities for reliable and technologically advanced medium voltage surge protection solutions.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of medium voltage surge arrester was worth USD 731.6 million in 2023 and will reach over USD 1.15 billion by 2032, due to the increasing awareness of the importance of protecting medium voltage electrical systems from transient over voltages worldwide.

Polymer-based medium voltage surge arrester industry will register more than 5.5% CAGR from 2023 to 2032, on account of the growing reliance on lighter and more compact ceramic arresters, that are easier to handle and install.

Asia Pacific medium voltage surge arrester market is expected to depict over 4% CAGR through 2032, owing to the rapid urbanization and industrialization along with the increasing need for reliable power distribution networks in the region.

ABB, Siemens Energy, Eaton, Schneider Electric, CG Power & Industrial Solutions Ltd., General Electric, Hitachi Energy Ltd., Hubbell, Izoelektro, CHINT Group, DEHN SE, Ensto, Elpro, Surgetek, and TDK Electronics AG are some of the major medium voltage surge arrester companies worldwide.