Polymer Surge Arrester Market Size - By Voltage, By Class, By Application, Analysis, Share, & Forecast, 2025 - 2034

Polymer Surge Arrester Market Size

The global polymer surge arrester market size was valued at USD 904.8 million in 2024 and is expected to reach USD 1.5 billion by 2034, growing at a CAGR 5.4% from 2025 to 2034. The market is growing due to the increase in need for dependable and affordable protection services for electrical systems across different sectors.
 

The proliferation of electrical infrastructure including data centers, renewable energy systems, and EV charging stations bolsters the need for advanced surge protection. In April 2023, the U.S. Department of Energy pledged USD 8.25 billion toward additions to grid surge protection infrastructure and surge protection investments.
 

Polymer surge arresters deliver reliable performance through their lightweight, durable, and corrosion-resistant properties, making them suitable for challenging environmental conditions. The successive development in polymer material and design has improved their operational efficiency which resulted in an expansion of the market. In January 2022, the European Commission updated the EN 60099-4:2014/A1:2021 standard, which brought with it new testing requirements for polymer housed surge arresters.
 

The increasing risks from lightning strike electrics surges alongside power grid fluctuations have raised the demand for surge arresters. As for the surge electric protection requirements, U.S. has made it compulsory in all new housing constructions under the National Electric Code (NEC) Section 230.67, 2023 Edition.
 

The transition towards green energy and sustainability increases the polymer surge arrester industry, as polymer ultrahigh voltage surge protectors are eco-friendly and sustainable. China's National Energy Administration reported 50% growth in construction of renewable energy infrastructure in 2022, which complements the deployment of the product throughout the year.
 

Polymer Surge Arrester Market Trends

• The industry is growing as there is a rising demand for protection for electrical equipment increasing. The use of renewable forms of energy such as solar and wind into the power grid adds to the requirement for surge arresters in order to safeguard system components against overvoltage. According to the U.S. Department of Energy's Grid Modernization Initiative in 2024, over USD 1.5 billion has been allocated for grid infrastructure upgrades.
   
• The expansion of electric vehicle (EV) charging infrastructure necessitates enhanced surge protection systems. Improvements in material technology, specifically in polymer compounds, have enhanced the durability and service life of surge arresters. The European Commission's 2023 guideline introduces new EV charging stations with a requirement for surge protection devices to guarantee their safety and reliability.
   
• The polymer surge arrester market shows growing interest in smart surge protection systems that facilitate maintenance through real-time monitoring and diagnostics. In February of 2023, Phoenix Contact released the FLASHTRAB-MB lightning and surge protectors that incorporate carbon spark gap technology which offers very quick and dependable response times reducing equipment damage and downtime.
   
• Furthermore, the regulations pertaining to electrical safety and infrastructure dependability compel the use of polymer surge arresters in many industries. In January 2025, the State Grid Corporation of China disclosed a plan to invest USD 74.03 billion for the modernization of their power infrastructure, which includes, as one of the main elements, systems for surge protection.
   

Polymer Surge Arrester Market Analysis

• The polymer surge arrester industry across voltage segment is categorized into low, medium, and high voltage. The market size was valued at USD 783 million, USD 843.6 million and USD 904.8 million in 2022, 2023 and 2024 respectively. The medium voltage segment is projected to exceed USD 640 million by 2034.
   
• Due to the rise in industrial automation as well as installations of smart grids and renewable sources of energy, the medium voltage segment is expanding rapidly. As an example, in November 2022, the Biden-Harris Administration through the U.S. Department of Energy announced new funding opportunities in the amount of more than USD 13 billion to enhance and construct the electric grid of the nation.
   
• The low voltage segment, on the other hand, continues to showcase steady growth owing to increasing protection requirements for residential, commercial, and industrial buildings. These surge arresters shield delicate electric devices and systems against voltage spikes. Major electric utilities annual spending on purchasing and selling electricity rose from USD 287 billion in 2003 to USD 320 billion in 2023, which is an increase of 12% in annual spending, according to their reports to the FERC.
   
• The high voltage segment has a growing appeal due to the developments in major infrastructure undertakings including the construction of modern power transmission lines and developing renewable energy systems. In 2023, China’s clean energy investment surpassed that of the 10 most significant investors put together, while more than 60% of expenditures were devoted to renewables and transport electrification.
   
• High-voltage electrical systems polymer surge arresters protect against lightning strikes and grid instability while providing better performance and durability. As electrical systems become more sophisticated and interconnected, market growth is increasingly covering all voltage segments.
   

• Based on application, the utility sector dominated 36.4% share of the polymer surge arrester market in 2024 and is projected to witness more than 4.5% CAGR through 2034.
   
• The expansion of renewable energy facilities and updates to the power grid are creating market growth. In October of 2023, the Department of Energy made an announcement detailing an investment of USD 13 billion towards modernizing and strengthening the grid, particularly focusing on measures for surge protection.
   
• Further, surge protection demand is increasing in residential and commercial areas as a result of usage of sensitive electronics and requirements for safeguarding domestic and office equipment from power surges. GreenSwitch, for example, is presently upgrading the grids of Austria, Slovenia, and Croatia with the help of CEF Energy, which arranged USD 76.43 million funding for the company. GreenSwitch enhances reliability, digitalization, and renewable integration which was launched in 2023.
   
• In the industrial sector, surge arresters are used to safeguard the heavy equipment, automated systems, and control cabinets from voltage surges. The growth is driven due to the industrial automation and development of smart factories. All segments have positive growth as companies focus on upgrading and protecting their electrical systems. In 2023, The International Electrotechnical Commission (IEC) modified IEC 61643-11 standard, which set forth new industrial application testing protocols for surge protective devices.
   

• The U.S. polymer surge arrester market was estimated at USD 133.4 million, USD 144 million and USD 154.6 million in 2022, 2023 and 2024 respectively. The market is further projected to exceed USD 260 million by 2034, driven by expansion of renewable energy installations, including wind and solar power, as well as the modernization of the electrical grid.
   
• The Europe polymer surge arrester market is expected to reach USD 380 million by 2034, due to an increasing need for surge protective devices in industrial automation, smart grids, and renewable energy systems. Under the European Commission initiative REPowerEU, the region intends to boost the renewable energy target to 1,236 GW by 2030 which will inevitably boost the need for surge protection in renewable installations.
   
• Europe’s increasing focus on sustainability and the green energy transition drives the growth of demand for surge protection devices within the wind and solar renewable energy installations. Germany is the largest market in Europe on account of its sophisticated industrial applications and leadership in the adoption of renewable energy.
   
• The growth in the Asia Pacific region’s polymer surge arrester market is sustained by industrial growth and urbanization. Within the market infrastructure, and renewable energy sectors are leading to growing need for electricity, which makes reliable surge protection systems vital. The National Energy Administration of China noted the installation of renewable energy power capacity amounting to 1.45 billion kW during the first half of 2023. This indicates that an improvement in the surge protection infrastructure is required.
   
• The Middle East and Africa polymer surge arrester market is predicted to hit USD 220 million by 2034. This growth stems from energy infrastructure expansion across oil and gas sectors, power generation plants, and renewable energy installations. The region's extreme environmental conditions increase the requirement for durable surge protection solutions.
   
• Saudi Arabia leads the regional market due to its advanced diversified energy projects and other initiatives across the kingdom. Saudi Arabia plans to implement the installation of 10 million smart meters by 2025 to further extend the modernization of its electricity grid to increase reliability and efficiency while also improving the integration of renewables. This program improves energy tracking, minimizes energy losses, and helps achieve sustainability objectives set in Vision 2030.
   

Polymer Surge Arrester Market Share

The top 7 companies operating in the polymer surge arrester industry include ABB, Siemens Energy, Eaton, General Electric, Toshiba Corporation, Mitsubishi Electric, and Schneider Electric. These industry leaders are recognized for their extensive experience, innovative technologies, and comprehensive product portfolios, which have solidified their market share of more than 40% in 2024.
 

ABB maintains a significant presence in the polymer surge arrester segment, attributable to its technological innovations, global presence, and consistent fulfillment of high-quality electrical protection products. In 2022, ABB launched its latest product, the POLIM-H.ND series surge arresters that are supposedly designed for 1,100 kV HVDC applications.
 

As a result of ongoing research and development, the company can develop sophisticated surge arrester products that meet different market needs. Its strategic alliances, direct solution selling, and developed distribution channels reinforce their competitive edge. In February 2021, Hitachi ABB Power Grids boosts China’s energy transition with cutting-edge transmission technology, enhancing grid efficiency and reliability.
 

Polymer Surge Arrester Market Companies

• Siemens Energy, located in Germany, produces polymer surge arresters that can protect electric systems against overvoltage. The offering of the company helps to protect electrical assets from transients. The latest from Siemens Energy is the release of 3EL5 series silicone rubber surge arresters which were made for better grid protection and were released in March 2023.
   
• Eaton, headquartered in Ireland, offers polymer surge arresters for the protection of electricity systems against overvoltage. The company also designs new solutions that ensure the safety and robustness of power networks. In August 2023, Eaton allocated USD 500 million towards the expansion of manufacturing in North America and to increase capacity to produce transformers and modernize the electrical grids.
   
• GE is an American company that develops polymer surge arresters for overvoltage applications. The company’s products promote stability and reliability of electrical grids all over the world. In July 2021, by winning tender from PGCIL for supply of thirteen 765kV transformers and thirty-two 765kV reactors, GE Renewable Energy’s Grid Solutions, strengthened India's transmission grid.
   
• Toshiba Corporation is located in Japan and manufactures polymers which are surge arresters with voltage ratings ranging from 69kV to 765kV. The company’s zinc oxide elements are compact and light weight, making it possible to minimize shipping and installation costs. In September 2021, Toshiba Energy announced that polymer housed surge arresters will nearly triple in range by April 2022.
   
• Mitsubishi Electric, a company based in Japan, manufactures high voltage polymer surge arresters, and 500kV insulator-type devices for transformer protection. These products serve to shield the power distribution networks from transient overvoltage. Mitsubishi Electric and Siemens Energy plan to jointly develop Multi-terminal HVDC systems for DC Switching Stations and DC Circuit Breaker specifications due in August 2024.
   

Major players operating in the polymer surge arrester market are:

• ABB
• CG Power & Industrial Solutions
• CHINT Group
• Compaq International
• DEHN SE
• Eaton
• Electric Powertek
• Elpro
• Ensto
• General Electric
• Hangzhou Yongde Electric Appliances
• Hubbell
• INAEL
• Izoelektro
• Rashtriya Electrical and Engineering Corporation
• Siemens Energy
• Surgetek
• TE Connectivity
• Toshiba Energy Systems & Solutions
• Zhejiang Ruili Electric
• Zhejiang Volcano Electrical Technology
   

Polymer Surge Arrester Industry News

• In November 2024, Hitachi Energy's high-voltage direct current (HVDC) technology has been selected by Power Grid Corporation of India (POWERGRID) to connect renewable energy from Khavda to Nagpur. The ±800 kV Raigarh-Pugalur HVDC will strengthen the ambient grid and improve transmission in India. This initiative will facilitate maximum integration of renewable energy sources into the national grid.
   
• In October 2024, DEHN introduced the DEHNguard EZ50-S at the InnoTrans 20224 Event. This new device is a NEMA rated Type 1 surge protector 4X which has enhanced functionality due to increased maintenance ease and service ability. It is fit for use in industrial sectors, commercial buildings, data centers, power plants, and even EV charging stations. It enhances system reliability which minimizes system downtime. This affordable approach strengthens critical systems’ AC power sources, shielding them from outages and disturbances.
   
• In October 2022, at InnoTrans 2024, Hitachi Energy released the Transformers With Integrated Surge Arresters intended to increase the range of reliable voltage values and protect against damaging overvoltage. In these systems, the windings are protected by reduction of resistance to the surging currents, thereby increasing the power factor. They can be used in both dry type and oil filled transformers, thus, the technology can be used in India and European metros which have to perform for extended periods in harsh environments.
   
• In July 2024, Toshiba spent USD 10 million to increase the production capabilities of power transmission and distribution equipment in India. This does not only enhance their capabilities to supply energy to India but also strengthen their foothold in the region. This development is also a step towards the Make in India campaign initiated by the Indian government.
   

This polymer surge arrester market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million & ‘000 Units” from 2021 to 2034, for the following segments:

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Market, By Voltage

• Low
• Medium
• High

Market, By Class

• Distribution
• Intermediate
• Station

Market, By Application

• Residential & commercial
• Industrial
• Utility

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
• Latin America
  • Brazil
  • Argentina