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Surge Arrester Market Share

Report ID: GMI2544
Published Date: Nov 2024
Report Format: PDF

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Surge Arrester Market Share

Surge Arrester Company Market Share Analysis, 2024

ABB holds a significant share in the global surge arrester industry, leveraging its expertise in advanced electrical solutions and strong presence across key regions. Known for its high-quality metal oxide and hybrid surge arresters, ABB caters to diverse sectors, including utilities, industrial, and renewable energy, supporting reliable power systems and protection from voltage spikes. Its innovation-driven approach further strengthens its market position.

Surge Arrester Market Companies

Major players operating in the surge arrester industry are:

ABB
CHINT Group
CG Power & Industrial Solutions
DEHN
Eaton
Elpro
Ensto
General Electric
Hubbell
INAEL
Izoelektro
Siemens Energy
Surgetek
TDK Electronics
TE Connectivity

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of surge arrester surpassed USD 1.7 billion in 2023 and is estimated to expand at 5.2% CAGR from 2024 to 2032, attributed to rising electricity demand from power and heavy industries, as well as commercial facilities.

The residential & commercial application segment witnessed an annual installation of over 6.5 million units in 2022 and will note installations over 15 million units in 2032, on account of growing focus on integrating extensive frequency distribution networks, coupled with escalating concerns regarding over-voltages.

Asia Pacific surge arrester industry is poised to attain 4.5% gains during 2023-2032, owing to soaring population resulting in growing reliable electricity demand, in consort with strong government support for T&D refurbishment projects.

TE Connectivity, ABB, General Electric, CG Power & Industrial Solutions Ltd., Eaton, Siemens Energy, Hubbell, Izoelektro, INAEL, S.A., CHINT Group, DEHN SE, Ensto, Elpro, Surgetek, and TDK Electronics AG.