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Residential Surge Arrester Market Size
- Report ID: GMI7937
- Published Date: Jan 2024
- Report Format: PDF
Residential Surge Arrester Market Size
Residential Surge Arrester Market was valued at USD 136 million in 2023 and is projected to register over 5% CAGR between 2024 and 2032. The increasing reliance on electronic devices and appliances in households, coupled with the growing adoption of smart home technologies, has heightened the susceptibility of residential electrical systems to voltage spikes and surges. As consumers invest in expensive and sensitive electronic equipment, the demand for surge protection solutions has surged to safeguard these assets.
The rising frequency and intensity of extreme weather events, such as lightning storms, contribute to the need for robust surge protection in residential areas. Moreover, the ongoing urbanization and infrastructure development globally have led to the expansion of residential complexes and communities, creating a larger market for surge arrester installations.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Residential Surge Arrester Market Size in 2023: | USD 136.9 Million |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 5% |
| 2032 Value Projection: | USD 215.8 Million |
| Historical Data for: | 2019 to 2023 |
| No. of Pages: | 350 |
| Tables, Charts & Figures: | 451 |
| Segments covered: | Voltage, Material |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Residential Surge Arrester Market Scope
