Surge Arrester Market Size, Share, and Trends 2024 to 2034

The global surge arrester market size is calculated at USD 1.94 billion in 2025 and is forecasted to reach around USD 3.05 billion by 2034, accelerating at a CAGR of 5.18% from 2025 to 2034. The Asia Pacific surge arrester market size surpassed USD 660 million in 2025 and is expanding at a CAGR of 5.34% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : February 2025
  • Report Code : 4223
  • Category : Energy and Power

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Surge Arrester Market 

5.1. COVID-19 Landscape: Surge Arrester Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Surge Arrester Market, By Voltage

8.1. Surge Arrester Market Revenue and Volume Forecast, by Voltage

8.1.1. Low

8.1.1.1. Market Revenue and Volume Forecast

8.1.2. Medium

8.1.2.1. Market Revenue and Volume Forecast

8.1.3. High

8.1.3.1. Market Revenue and Volume Forecast

Chapter 9. Global Surge Arrester Market, By Class

9.1. Surge Arrester Market Revenue and Volume Forecast, by Class

9.1.1. Distribution

9.1.1.1. Market Revenue and Volume Forecast

9.1.2. Intermediate

9.1.2.1. Market Revenue and Volume Forecast

9.1.3. Station

9.1.3.1. Market Revenue and Volume Forecast

Chapter 10. Global Surge Arrester Market, By Material 

10.1. Surge Arrester Market Revenue and Volume Forecast, by Material

10.1.1. Polymer

10.1.1.1. Market Revenue and Volume Forecast

10.1.2. Porcelain

10.1.2.1. Market Revenue and Volume Forecast

Chapter 11. Global Surge Arrester Market, By Application 

11.1. Surge Arrester Market Revenue and Volume Forecast, by Application

11.1.1. Residential & Commercial

11.1.1.1. Market Revenue and Volume Forecast

11.1.2. Industrial

11.1.2.1. Market Revenue and Volume Forecast

11.1.3. Utility

11.1.3.1. Market Revenue and Volume Forecast

Chapter 12. Global Surge Arrester Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Volume Forecast, by Voltage

12.1.2. Market Revenue and Volume Forecast, by Class

12.1.3. Market Revenue and Volume Forecast, by Material

12.1.4. Market Revenue and Volume Forecast, by Application

12.1.5. U.S.

12.1.5.1. Market Revenue and Volume Forecast, by Voltage

12.1.5.2. Market Revenue and Volume Forecast, by Class

12.1.5.3. Market Revenue and Volume Forecast, by Material

12.1.5.4. Market Revenue and Volume Forecast, by Application

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Volume Forecast, by Voltage

12.1.6.2. Market Revenue and Volume Forecast, by Class

12.1.6.3. Market Revenue and Volume Forecast, by Material

12.1.6.4. Market Revenue and Volume Forecast, by Application

12.2. Europe

12.2.1. Market Revenue and Volume Forecast, by Voltage

12.2.2. Market Revenue and Volume Forecast, by Class

12.2.3. Market Revenue and Volume Forecast, by Material

12.2.4. Market Revenue and Volume Forecast, by Application

12.2.5. UK

12.2.5.1. Market Revenue and Volume Forecast, by Voltage

12.2.5.2. Market Revenue and Volume Forecast, by Class

12.2.5.3. Market Revenue and Volume Forecast, by Material

12.2.5.4. Market Revenue and Volume Forecast, by Application

12.2.6. Germany

12.2.6.1. Market Revenue and Volume Forecast, by Voltage

12.2.6.2. Market Revenue and Volume Forecast, by Class

12.2.6.3. Market Revenue and Volume Forecast, by Material

12.2.6.4. Market Revenue and Volume Forecast, by Application

12.2.7. France

12.2.7.1. Market Revenue and Volume Forecast, by Voltage

12.2.7.2. Market Revenue and Volume Forecast, by Class

12.2.7.3. Market Revenue and Volume Forecast, by Material

12.2.7.4. Market Revenue and Volume Forecast, by Application

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Volume Forecast, by Voltage

12.2.8.2. Market Revenue and Volume Forecast, by Class

12.2.8.3. Market Revenue and Volume Forecast, by Material

12.2.8.4. Market Revenue and Volume Forecast, by Application

12.3. APAC

12.3.1. Market Revenue and Volume Forecast, by Voltage

12.3.2. Market Revenue and Volume Forecast, by Class

12.3.3. Market Revenue and Volume Forecast, by Material

12.3.4. Market Revenue and Volume Forecast, by Application

12.3.5. India

12.3.5.1. Market Revenue and Volume Forecast, by Voltage

12.3.5.2. Market Revenue and Volume Forecast, by Class

12.3.5.3. Market Revenue and Volume Forecast, by Material

12.3.5.4. Market Revenue and Volume Forecast, by Application

12.3.6. China

12.3.6.1. Market Revenue and Volume Forecast, by Voltage

12.3.6.2. Market Revenue and Volume Forecast, by Class

12.3.6.3. Market Revenue and Volume Forecast, by Material

12.3.6.4. Market Revenue and Volume Forecast, by Application

12.3.7. Japan

12.3.7.1. Market Revenue and Volume Forecast, by Voltage

12.3.7.2. Market Revenue and Volume Forecast, by Class

12.3.7.3. Market Revenue and Volume Forecast, by Material

12.3.7.4. Market Revenue and Volume Forecast, by Application

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Volume Forecast, by Voltage

12.3.8.2. Market Revenue and Volume Forecast, by Class

12.3.8.3. Market Revenue and Volume Forecast, by Material

12.3.8.4. Market Revenue and Volume Forecast, by Application

12.4. MEA

12.4.1. Market Revenue and Volume Forecast, by Voltage

12.4.2. Market Revenue and Volume Forecast, by Class

12.4.3. Market Revenue and Volume Forecast, by Material

12.4.4. Market Revenue and Volume Forecast, by Application

12.4.5. GCC

12.4.5.1. Market Revenue and Volume Forecast, by Voltage

12.4.5.2. Market Revenue and Volume Forecast, by Class

12.4.5.3. Market Revenue and Volume Forecast, by Material

12.4.5.4. Market Revenue and Volume Forecast, by Application

12.4.6. North Africa

12.4.6.1. Market Revenue and Volume Forecast, by Voltage

12.4.6.2. Market Revenue and Volume Forecast, by Class

12.4.6.3. Market Revenue and Volume Forecast, by Material

12.4.6.4. Market Revenue and Volume Forecast, by Application

12.4.7. South Africa

12.4.7.1. Market Revenue and Volume Forecast, by Voltage

12.4.7.2. Market Revenue and Volume Forecast, by Class

12.4.7.3. Market Revenue and Volume Forecast, by Material

12.4.7.4. Market Revenue and Volume Forecast, by Application

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Volume Forecast, by Voltage

12.4.8.2. Market Revenue and Volume Forecast, by Class

12.4.8.3. Market Revenue and Volume Forecast, by Material

12.4.8.4. Market Revenue and Volume Forecast, by Application

12.5. Latin America

12.5.1. Market Revenue and Volume Forecast, by Voltage

12.5.2. Market Revenue and Volume Forecast, by Class

12.5.3. Market Revenue and Volume Forecast, by Material

12.5.4. Market Revenue and Volume Forecast, by Application

12.5.5. Brazil

12.5.5.1. Market Revenue and Volume Forecast, by Voltage

12.5.5.2. Market Revenue and Volume Forecast, by Class

12.5.5.3. Market Revenue and Volume Forecast, by Material

12.5.5.4. Market Revenue and Volume Forecast, by Application

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Volume Forecast, by Voltage

12.5.6.2. Market Revenue and Volume Forecast, by Class

12.5.6.3. Market Revenue and Volume Forecast, by Material

12.5.6.4. Market Revenue and Volume Forecast, by Application

Chapter 13. Company Profiles

13.1. ASiemens AGbbott

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. ABB AG

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. GE

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. Schneider Electric SE

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. Eaton Corporation

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. Hubbell Incorporated

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. Megger Group Limited

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. Furse Surge Protection

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. Ingeteam

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

13.10. CIRCTOR

13.10.1. Company Overview

13.10.2. Product Offerings

13.10.3. Financial Performance

13.10.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

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Frequently Asked Questions

The global surge arrester market size is expected to increase around USD 3.05 billion by 2034 from USD 1.84 billion in 2024.

The global surge arrester market will register growth rate of 5.18% between 2025 and 2034.

The major players operating in the surge arrester market are Siemens AG, ABB AG, GE, Schneider Electric SE, Eaton Corporation, Hubbell Incorporated, Megger Group Limited, Furse Surge Protection, Ingeteam, CIRCUTOR and Others.

The driving factors of the surge arrester market are the rising demand for electronic applications and smart home adoption.

Asia Pacific region will lead the global surge arrester market during the forecast period 2025 to 2034.

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