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| Data Timeline | Historical Data: 2022–2025 | Base Year: 2025 | Forecast Period: 2026–2034 |
|---|---|
| Material Segment | Polymeric, Porcelain |
| Voltage Range Segment | Low, Medium, High |
| Class Segment | Distribution Class, Intermediate Class, Station Class |
|---|---|
| End-use Segment | Utilities, Industrial, Transportation |
| Application Segment | AIS, GIS |
| Regions & Countries |
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Rapid urban growth and industrial expansion Rising global energy consumption Rising Innovations in surge arrester materials
High Costs of Specialty Chemicals Lack of awareness about the benefits and importance of surge protection
Growing Technological Advancements Stringent regulations for power quality and safety push utilities
Country-level data · Company profiles · Editable dataset · Analyst consultation included.
| Region / Country | 2021 (A) | 2025 (A) | 2033 (P) | CAGR |
|---|
A = Actual · E = Estimated · P = Projected · 🔒 Locked values require full access. Click headers to sort.
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The surge arrester market is competitive, featuring major players like Schneider Electric, Siemens, and ABB, who drive innovation in surge protection technology. Companies compete on factors such as product performance, durability, and compliance with industry standards. Strategic initiatives like technological advancements, partnerships, and expansions are common. The market is also influenced by regional regulatory requirements and the growing demand for reliable power protection across industrial, commercial, and residential sectors, spurring continuous development and competition.
September 2021: Toshiba Energy Systems & Solutions Corporation announced plans to increase its production capacity for polymer-housed surge arresters threefold by April 2022. (Source: https://www.global.toshiba/ww/news/energy/2021/09/news-20210906-01.html#:~:text=Toshiba%20to%20Increase%20Production%20of%20Polymer%20Housed%20Surge%20Arresters,-%2DContribution%20to%20Robust&text=KAWASAKI%2C%20Japan%E2%80%94Toshiba%20Energy%20Systems,nearly%20tripled%20by%20April%202022.) May 2021: The market recently introduced DEHN DIN-rail mounted surge protection devices, which are certified to UL 1449 4th Edition standards. This certification makes them suitable for use with standard power systems and electrical panels across the United States and Canada. (Source: https://cdn.automationdirect.com/static/specs/dehndinrailsurgeprotection.pdf) March 2022: Enel Green Power North America began building a 300-MW wind farm in Oklahoma, featuring 107 wind turbines. The facility is anticipated to be operational by the end of 2022. (Source: https://www.enelgreenpower.com/media/press/2022/03/enel-green-power-starts-construction-new-oklahoma-wind-farm-announces-new-training-center)| Company | 2022 (A) | 2023 (A) | 2024 (A) | 2025 (A) |
|---|---|---|---|---|
| Schneider Electric | ••• | ••• | ••• | ••• |
| Siemens AG | ••• | ••• | ••• | ••• |
| Eaton Corporation | ••• | ••• | ••• | ••• |
| ABB Ltd. | ••• | ••• | ••• | ••• |
| General Electric (GE) | ••• | ••• | ••• | ••• |
| Hitachi Ltd. | ••• | ••• | ••• | ••• |
| Legrand | ••• | ••• | ••• | ••• |
| Obermann | ••• | ••• | ••• | ••• |
| Harger Lightning & Grounding | ••• | ••• | ••• | ••• |
Revenue data requires full access. *2nd & 3rd tier companies available on enquiry.
Request company profile for validation →According to Cognitive Market Research, the global Surge Arrester market size was USD 2215.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.20% from 2024 to 2031.
The surge arrester market is growing due to increasing demand for reliable power protection in both industrial and residential settings. Surge arresters are essential for safeguarding electrical systems from transient voltage spikes caused by lightning strikes or switching operations. Key drivers include rapid urbanization and industrial expansion, which necessitate robust power infrastructure, and rising global energy consumption, requiring advanced surge protection. Additionally, the integration of renewable energy sources and the modernization of power grids boost demand for surge arresters. Trends influencing the market include advancements in surge arrester technologies, such as improved materials and designs for enhanced performance and durability. Growing awareness of the importance of electrical protection and regulatory standards for power quality also contribute to market growth. The market is expanding as industries and utilities invest in surge protection solutions to ensure system reliability and equipment longevity.
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| Material | Polymeric, Porcelain |
| Voltage Range | Low, Medium, High |
| Class | Distribution Class, Intermediate Class, Station Class |
| End-use | Utilities, Industrial, Transportation |
| Application | AIS, GIS |
| List of Competitors | Schneider Electric, Siemens AG, Eaton Corporation, ABB Ltd., General Electric (GE), Hitachi Ltd., Legrand, Obermann, Harger Lightning & Grounding |
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
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