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Porcelain Surge Arrester Market Size
- Report ID: GMI7597
- Published Date: Dec 2023
- Report Format: PDF
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Porcelain Surge Arrester Market Size in 2023: | USD 885 Million |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 4.7% |
| 2032 Value Projection: | USD 1.3 Billion |
| Historical Data for: | 2019 to 2023 |
| No. of Pages: | 485 |
| Tables, Charts & Figures: | 643 |
| Segments covered: | Voltage, Class, Application |
| Growth Drivers: |
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Frequently Asked Questions (FAQ) :
Porcelain Surge Arrester Market Scope
