Surge Arrester Market Report 2025 (Global Edition)

Global Surge Arrester Market Report 2025 Market Size Split by Material (Polymeric, Porcelain), by Voltage Range (Low, Medium, High), by Class (Distribution Class, Intermediate Class, Station Class), b...

Surge Arrester Market Report Description

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Surge Arrester Market Insights Video

Competitive Landscape of the Surge Arrester Market

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)

Top Companies Market Share in Surge Arrester Industry: (In no particular order of Rank)

• Schneider Electric
• Siemens AG
• Eaton Corporation
• ABB Ltd.
• General Electric (GE)
• Hitachi Ltd.
• Legrand
• Obermann
• Harger Lightning & Grounding
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Regional Analysis of the Surge Arrester Market

Which Region Dominates the Surge Arrester Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue due to the region's advanced infrastructure and significant investments in power grid modernization and renewable energy projects. The region's emphasis on enhancing grid reliability and compliance with stringent regulatory standards drives high demand for surge protection solutions. Additionally, the presence of key market players and ongoing technological innovations further contribute to North America's leading position in the surge arrester market.

Which Region is Expanding at the Fastest CAGR?

The Asia-Pacific region is growing at the fastest CAGR in the surge arrester market due to rapid urbanization, industrialization, and expanding energy infrastructure. Major economies like China and India are investing heavily in upgrading power grids and integrating renewable energy sources, driving demand for surge protection. Additionally, increasing energy consumption and frequent voltage fluctuations in emerging markets contribute to the rising need for reliable surge protection solutions, accelerating market growth in the region.

The current report Scope analyzes Surge Arrester Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Surge Arrester Market

According to Cognitive Market Research, the global Surge Arrester market size was estimated at USD 2215.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 886.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Surge Arrester market with a market size of USD 699.12 million in 2024 and is projected to grow at a CAGR of 3.2% during the forecast period. The nation's strong focus on upgrading aging power infrastructure and increasing investments in renewable energy projects is driving the Surge Arrester market.
• The Canada Surge Arrester market had a market share of USD 106.33 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. Canada's adoption of surge arresters is driving the Surge Arrester market.
• The Mexico Surge Arrester market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 80.63 million in 2024.

Europe Surge Arrester Market

According to Cognitive Market Research, the global Surge Arrester market size was estimated at USD 2215.2 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 664.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.

• The United Kingdom Surge Arrester market had a market share of USD 111.65 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. In the UK, Surge Arrester sales witness an upswing due to the nation's significant investments in renewable energy integration and the modernization of power grids.
• The France Surge Arrester market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD 61.14 million in 2024.
• According to Cognitive Market Research, the German Surge Arrester market size was valued at USD 131.58 million in 2024 and is projected to grow at a CAGR of 3.9% during the forecast period. In Germany, Surge Arrester surged due to the presence of major market players.
• The Italy Surge Arrester market is projected to witness growth at a CAGR of 3.1% during the forecast period, with a market size of USD 57.15 million in 2024.
• The Russia Surge Arrester market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 103.01 million in 2024.
• The Spain Surge Arrester market is projected to witness growth at a CAGR of 2.8% during the forecast period with a market size of USD 54.49 million in 2024
• The Luxembourg Surge Arrester market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 20.60 million in 2024.
• The Portugal Surge Arrester market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 13.96 million in 2024.
• The Greece Surge Arrester market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 7.97 million in 2024.
• Rest of Europe's Surge Arrester market is projected to witness growth at a CAGR of 2.4% during the forecast period, with a market size of USD 103.01 million in 2024.

Asia Pacific Surge Arrester Market

According to Cognitive Market Research, the global Surge Arrester market size was estimated at USD 2215.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 509.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Surge Arrester market size was valued at USD 229.27 million in 2024 and is projected to grow at a CAGR of 6.7% during the forecast period. Surge Arrester surged in China due to rapid urbanization, industrialization, and expanding energy infrastructure.
• The Japan Surge Arrester market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 70.31 million in 2024.
• The India Surge Arrester market had a market share of USD 61.14 million in 2024 and is projected to grow at a CAGR of 9.0% during the forecast period. India's growing focus on renewable energy projects is driving the Surge Arrester market.
• The South Korean Surge Arrester market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 50.95 million in 2024.
• The Australian Surge Arrester market is projected to witness growth at a CAGR of 6.9% during the forecast period, with a market size of USD 26.49 million in 2024.
• The South East Asia Surge Arrester market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD 35.16 million in 2024.
• The Rest of Asia Pacific Surge Arrester market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 36.17 million in 2024.

South America Surge Arrester Market

According to Cognitive Market Research, the global Surge Arrester market size was estimated at USD 2215.2 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 110.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Surge Arrester market size was valued at USD 47.41 million in 2024 and is projected to grow at a CAGR of 5.2% during the forecast period. Surge Arresters flourished in Brazil due to increasing investments in power infrastructure and renewable energy projects.
• Argentina's Surge Arrester market had a market share of USD 18.61 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Argentina's expanding industrial activities augment the demand.
• Colombia Surge Arrester market is projected to witness growth at a CAGR of 4.4% during the forecast period, with a market size of USD 9.86 million in 2024.
• Peru Surge Arrester market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 9.08 million in 2024.
• Chile Surge Arrester market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 7.97 million in 2024.
• The Rest of Latin America's Surge Arrester market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 17.83 million in 2024.

Middle East Surge Arrester Market

According to Cognitive Market Research, the global Surge Arrester market size was estimated at USD 2215.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 44.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031..

• The GCC Countries Surge Arrester market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 18.96 million in 2024. Surge Arrester sales flourish due to the presence of major market players.
• The Egypt Surge Arrester market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 4.65 million in 2024.
• The South Africa Surge Arrester market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 7.00 million in 2024. Surge Arrester sales flourish in South Africa due to significant investments in power infrastructure development and expansion, particularly in emerging economies.
• The Turkey Surge Arrester market is projected to witness growth at a CAGR of 4.4% during the forecast period, with a market size of USD 3.81 million in 2024.
• The Nigeria Surge Arrester market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 4.65 million in 2024.
• The Rest of MEA Surge Arrester market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 5.23 million in 2024.

Surge Arrester Market Analysis

Surge Arrester Market Material Segment Analysis

According to Cognitive Market Research, Polymeric stands out as the dominant category. Polymeric materials captured the largest market share in the surge arrester market due to their superior performance and versatility. They offer excellent electrical insulation, high energy absorption, and resistance to environmental factors, making them ideal for various applications. Their lightweight nature and durability reduce maintenance costs and enhance reliability in power systems. Additionally, advancements in polymer technology have improved their efficiency and cost-effectiveness, contributing to their dominant position in the market.

Porcelain material is growing at the highest CAGR in the surge arrester market due to its superior mechanical strength, high thermal stability, and excellent insulating properties. Porcelain surge arresters are valued for their durability and resistance to environmental conditions, making them ideal for harsh and high-voltage applications. Their reliability in extreme weather and long service life contribute to their increasing adoption, particularly in regions with demanding operational environments, driving their rapid market growth.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Surge Arrester Industry. Request a Free Sample PDF!

Surge Arrester Market Voltage Range Segment Analysis

According to Cognitive Market Research, the dominant category is Low. The low voltage range captured the largest market share in the surge arrester market due to its widespread use in residential and commercial electrical systems. These systems require surge protection to safeguard sensitive electronics and appliances from voltage spikes. The prevalence of low voltage installations and the increasing need for protecting household and office equipment from power surges contribute to the high demand for low voltage surge arresters, making them the dominant segment in the market.

The medium voltage range is growing at the highest CAGR in the surge arrester market due to increased investments in infrastructure and industrial applications. As industries expand and power grids modernize, there is a rising demand for surge protection in medium voltage systems to ensure reliability and prevent damage from voltage spikes. Additionally, the growing focus on renewable energy integration and smart grid technologies drives the need for effective surge protection at medium voltage levels, fueling rapid market growth.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Surge Arrester Class Segment Analysis

Surge Arrester Market Class Segment Analysis

According to Cognitive Market Research, the dominant category is Distribution Class. The distribution class captured the largest market share in the surge arrester market due to its critical role in protecting electrical distribution systems from voltage surges. These arresters are essential for safeguarding equipment and maintaining grid reliability in power distribution networks. The widespread use of distribution class surge arresters in residential, commercial, and industrial applications, combined with the growing need for reliable power supply and infrastructure upgrades, contributes to their dominant market position.

The intermediate class is growing at the highest CAGR in the surge arrester market due to its increasing application in industrial and commercial settings where medium to high levels of surge protection are required. These arresters offer a balance between performance and cost, making them ideal for environments with moderate surge risks. The expansion of industrial facilities and infrastructure upgrades, coupled with the need for reliable surge protection, drives the rising demand for intermediate class surge arresters.

• Distribution Class
• Intermediate Class
• Station Class

Surge Arrester End-use Segment Analysis

Surge Arrester Market End-use Segment Analysis

According to Cognitive Market Research, the dominant category is Utilities. The utilities end-use sector captured the largest market share in the surge arrester market due to the critical need for surge protection in power generation, transmission, and distribution systems. Utilities require robust surge arresters to protect their infrastructure from voltage spikes, ensuring reliable and uninterrupted power supply. The extensive deployment of surge arresters across utility networks, combined with ongoing infrastructure investments and grid modernization efforts, drives the dominant market share for this sector.

The industrial end-use sector is growing at the highest CAGR in the surge arrester market due to increasing investments in industrial automation and infrastructure upgrades. Industries require surge protection to safeguard sensitive equipment and ensure operational continuity, particularly as they adopt advanced technologies and expand facilities. The growing need to protect against electrical disturbances and maintain system reliability drives high demand for surge arresters in industrial applications, fueling rapid market growth in this segment.

• Utilities
• Industrial
• Transportation

Surge Arrester Application Segment Analysis

Surge Arrester Market Application Segment Analysis

According to Cognitive Market Research, the dominant category is AIS. The industrial end-use sector is growing at the highest CAGR in the surge arrester market due to increasing investments in industrial automation and infrastructure upgrades. Industries require surge protection to safeguard sensitive equipment and ensure operational continuity, particularly as they adopt advanced technologies and expand facilities. The growing need to protect against electrical disturbances and maintain system reliability drives high demand for surge arresters in industrial applications, fueling rapid market growth in this segment.

The GIS (Gas-Insulated Switchgear) application is growing at the highest CAGR in the surge arrester market due to the increasing adoption of compact, efficient, and reliable power systems in urban and industrial settings. GIS technology is favored for its space-saving design and enhanced safety features, making it ideal for densely populated areas and harsh environments. The rising demand for advanced power infrastructure, coupled with ongoing grid modernization projects, drives the need for surge arresters in GIS applications, fueling rapid market growth.

• AIS
• GIS

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Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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