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Residential Surge Arrester Market Share

Report ID: GMI7937
Published Date: Jan 2024
Report Format: PDF

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Residential Surge Arrester Market Share

ABB stands out as a key leader in the residential surge arrester market. Renowned for its global presence and innovative solutions, ABB consistently demonstrates a commitment to advancing surge protection technology. With a comprehensive product portfolio and a reputation for reliability, ABB plays a pivotal role in meeting the evolving surge protection needs of residential applications worldwide, contributing significantly to the overall growth and development of the market.

Residential Surge Arrester Market Companies

Some of the key players operating across the residential surge arrester industry are:

ABB
CHINT Group
DEHN SE
DITEK, Inc.
Eaton
Elpro
Ensto
General Electric
Hager Group
Littelfuse, Inc.
Raycap
Schneider Electric
Siemens
Surgetek
TDK Electronics AG

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of residential surge arrester was surpassed USD 136 million in 2023 and is set to expand at over 5% CAGR from 2024 to 2032, driven by the increasing reliance on electronic devices and appliances in households coupled with the growing adoption of smart home technologies.

The <120V surge arresters segment was worth over USD 80 million in 2023 and is poised to surpass USD 120 million by 2032, owing to the expanding array of low-voltage electronic devices and appliances integrated into modern homes.

Asia Pacific residential surge arrester industry is set to reach USD 70 million by 2032, attributed to the rapid urbanization and the increasing population density leading to the rise in residential construction and infrastructure development.

Some of the leading firms are CHINT Group, ABB, DEHN SE, DITEK, Inc., Hager Group, Eaton, Ensto, General Electric, Littelfuse, Inc., Raycap, Schneider Electric, Siemens, Surgetek, and TDK Electronics AG.