The surge arrester market comprises devices that protect electrical equipment from voltage surges and transients. Surge arresters operate by limiting transient overvoltage on equipment and infrastructure, which safeguards electronic devices and systems from short-term power surges or spikes. Typically, they divert excess energy during events such as lightning strikes or switching operations to the ground before equipment damages. Surge arresters find applications across several electrical equipment, including motors, solenoids, contactors, household appliances, electronic devices and systems, medium-voltage equipment, and high-voltage transmission lines.
The surge arrester market is estimated to be valued at USD 1.85 Bn in 2024 and is expected to reach USD 2.73 Bn by 2031, growing at a compound annual growth rate (CAGR) of 5.72% from 2024 to 2031.
Growing investments in the transmission and distribution of electricity have boosted the Surge Arrester Market Demand significantly. Surge arresters find increased usage in transmission lines, distribution networks, transformers, motors, grid infrastructure, and rotating machines to prevent damages from transients.
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