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Polymer Surge Arrester Market Trends

Report ID: GMI7587
Published Date: Dec 2023
Report Format: PDF

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Polymer Surge Arrester Market Trends

The increasing adoption of eco-friendly and high-performance polymer materials in surge arrester manufacturing, aligning with sustainability initiatives and stricter environmental regulations will drive the demand for polymer surge arrester. Additionally, the market has experienced a rise in R&D investments focused on developing surge arresters with higher energy handling capacities and improved reliability, catering to the evolving needs of modern power distribution networks. Despite these the market has witnessed a growing preference for surge arrester installations in renewable energy generation facilities, reflecting the industry's response to bolstering the protection of renewable energy infrastructure against electrical surges and voltage fluctuations.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of polymer surge arrester reached USD 800 million in 2022 and is set to register over 5.5% CAGR from 2023 to 2032, due to the increasing demand for reliable and efficient power transmission and distribution systems worldwide.

Medium voltage polymer surge arrester segment is poised to witness 5.5% CAGR through 2032, owing to the heightened demand for resilient distribution networks, driven by the proliferation of residential and commercial establishments.

Asia Pacific market is projected to grow at 4.5% CAGR from 2023 to 2032, attributed to the rapid urbanization, infrastructural development, and expanding industrialization in the region.

TE Connectivity, ABB, General Electric, CG Power & Industrial Solutions Ltd., Eaton, Siemens Energy, Hubbell, Izoelektro, and INAEL, S.A. are some of the major polymer surge arrester companies worldwide.