Porcelain Surge Arrester Market Size - By Voltage (Low, Medium, High), By Class (Distribution, Intermediate, Station), By Application (Residential & Commercial, Industrial, Utility), & Forecast, 2024 – 2032

Porcelain Surge Arrester Market Size

Porcelain Surge Arrester Market was valued at USD 880 million in 2023 and is estimated to record over 4.5% CAGR from 2024 to 2032. The increasing demand for reliable power transmission and distribution systems in both developed and emerging economies has been a significant factor propelling market expansion. Additionally, the surge in investments in infrastructure projects, particularly in the energy sector, has fueled the need for advanced surge protection technologies like porcelain surge arresters. Governments across the different countries are introducing new legislations to augment the influx of investments across energy infrastructure to substantially improve the power management of the nation.
 

Moreover, the escalating emphasis on enhancing grid resilience against voltage fluctuations and lightning strikes has amplified the adoption of porcelain surge arresters in electrical networks. Furthermore, technological advancements leading to the development of more efficient and durable porcelain surge arrester solutions have also contributed substantially to the market's growth trajectory.
 

COVID-19 Impact

The COVID-19 pandemic initially disrupted the porcelain surge arrester market due to supply chain interruptions and project delays. However, as industries recovered and infrastructure investments resumed, the market regained momentum. The increased focus on reliable power transmission and grid resilience, coupled with technological advancements, accelerated the demand for porcelain surge arresters in electrical networks, driving sustained growth despite the initial setback.
 

Porcelain Surge Arrester Market Trends

The porcelain surge arrester industry is witnessing several notable trends shaping its trajectory. One significant trend involves the growing emphasis on sustainable and eco-friendly solutions, driving manufacturers to develop porcelain surge arresters with improved environmental performance and durability. The integration of advanced materials and technologies, such as the utilization of nano-coatings and composite materials, is enhancing the efficiency and longevity of these arrester systems. Moreover, the surge in smart grid initiatives worldwide is fostering the incorporation of intelligent monitoring and diagnostic capabilities within porcelain surge arresters, enabling proactive maintenance and enhancing overall grid reliability.
 

Porcelain Surge Arrester Market Analysis

The medium voltage surge arresters segment held around 42% of the market share in 2023 and is projected to witness 4.5% CAGR through 2032. This anticipated surge in medium voltage surge arresters, ranging from 1kV to 36kV, is primarily linked to global trends in industrialization, urbanization, and soaring projects related to infrastructural development, notably prominent in developing nations. The increasing integration of renewable energy sources like solar and wind power into existing electrical grids emphasizes the crucial role these surge arresters play in safeguarding such systems against voltage fluctuations.
 

The distribution market valuation crossed USD 255 million in 2023 and is anticipated to surpass USD 410 million by 2032. With the increasing demand for electricity in residential and commercial spaces, there's a heightened need to safeguard distribution networks against voltage spikes and power surges. Porcelain surge arresters have gained traction in this sector due to their reliability, durability, and ability to provide effective protection to electrical systems. Additionally, stringent regulations emphasizing the need for enhanced safety measures in electrical infrastructure have propelled the market growth of porcelain surge arresters in the distribution sector.
 

The porcelain surge arrester market has witnessed substantial growth attributed to increased demand from both residential and commercial sectors. In the residential sphere, the escalating use of sensitive electronic devices and appliances has necessitated effective surge protection to safeguard against voltage fluctuations. This surge in demand is fueled by the rising awareness among homeowners about the potential damage caused by electrical surges. Additionally, in the commercial sector, the integration of sophisticated equipment and machinery susceptible to voltage spikes has elevated the need for robust surge protection solutions. Industries ranging from healthcare to IT infrastructure are increasingly investing in porcelain surge arresters to ensure uninterrupted operations and prevent costly damage to equipment.
 

Asia Pacific porcelain surge arrester market is likely to observe 3.5% CAGR between 2024 and 2032. Driven by the expanding industrial landscape and the continuous modernization of utility infrastructure are creating a heightened need for enhanced electrical protection systems. Additionally, increasing awareness among residential and commercial consumers about safeguarding sensitive electronic equipment against voltage fluctuations is contributing significantly to market growth. Furthermore, government initiatives aimed at improving power infrastructure reliability are further fueling the demand for porcelain surge arresters in the Asia-Pacific region.
 

Porcelain Surge Arrester Market Share

Toshiba Energy Systems & Solutions Corporation stands as a major player in the porcelain surge arrester industry, commanding a substantial market share owing to its extensive expertise, innovative technologies, and robust product offerings. Renowned for high-quality porcelain surge arresters designed to safeguard electrical systems against voltage surges, Toshiba's dominance stems from a combination of rigorous research, advanced manufacturing processes, and a strong global presence. Their commitment to reliability and efficiency has cemented their position, earning trust among industries seeking top-tier surge protection solutions, thereby solidifying Toshiba's significant influence and market leadership in porcelain surge arresters.
 

Porcelain Surge Arrester Market Companies

Major companies operating in the porcelain surge arrester industry include: - 

• TE Connectivity
• ABB
• General Electric
• CG Power & Industrial Solutions Ltd.
• Eaton
• Siemens Energy
• Hubbell
• Izoelektro
• Orient Electric International Group Limited.
• CHINT Group
• DEHN SE
• Ensto
• Elpro
• Surgetek
• Hangzhou Yongde Electric Appliances Co.,Ltd
• Hitachi Energy Ltd.
• Zhejiang Volcano Electrical Technology Co.,Ltd
• Rashtriya Electrical And Engineering Corporation
• Electric Powertek
• Zhejiang Ruili ELectric Co.,Ltd
• Toshiba Energy Systems & Solutions Corporation
   

Porcelain Surge Arrester Industry News

• In July 2021, General Electric disclosed securing a supply agreement from GSI Helmholtzzentrum für Schwerionenforschung, a research center operating an Darmstadt’s ion accelerator facility in Germany. The contract entails providing its LV8 platform to the research facility, incorporating multiple components like surge arresters, medium voltage switchgear, power transformers, among others. This new agreement positions GE to expand its customer reach in Germany, facilitating a larger market presence across Europe and strengthening its foothold within the region.
   

This porcelain surge arrester market research report includes an in-depth coverage of the industry with estimates & forecast in terms of units and revenue in ‘000 Units and USD Million from 2019 to 2032, 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