Surge Arrester Market Report 2026

Surge Arrester Market Overview

• Surge Arrester market size has reached to $2.43 billion in 2025 • Expected to grow to $3.51 billion in 2030 at a compound annual growth rate (CAGR) of 7.6% • Growth Driver: Rising Global Electricity Demand Fuels Growth In The Surge Arrester Market • Market Trend: Innovative Technologies Drive Surge Arrester Market Growth with Focus on Connected Equipment Warranty • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Surge Arrester Market?

A surge arrester refers to a protective device for limiting voltage on equipment by discharging or bypassing surge current in substations, such as transformers, circuit breakers, and bushings, against the effects of lightning and switching surges. It prevents continued to flow to follow current to ground and it is capable of repeating these functions as specified per ANSI standard C62. The main types of surge arresters are polymeric and porcelain. The polymeric surge arresters are lightweight and hydrophobic which helps in the protection of electrical equipment, in both indoor and outdoor systems. It is a gapless zinc oxide surge arrester that is designed to protect your overhead distribution network. Due to its optimal mechanical strength, it can be also used in harsh environmental conditions. The classes included in surge arresters are distribution class, intermediate class, and station class with voltage types such as low voltage surge arresters, medium voltage surge arresters, and high voltage surge arresters. They have applications in AIS (air-insulated substation) and GIS (gas-insulated substation). The end-user includes utilities, industries, transportation, and others.

What Is The Surge Arrester Market Growth Forecast?

The surge arrester market size is expected to see strong growth in the next few years. It will grow to $3.51 billion in 2030 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to increasing investments in smart grids, rising renewable energy integration, expansion of electric mobility infrastructure, growing focus on grid resilience, modernization of aging power assets. Major trends in the forecast period include increasing adoption of polymer-based surge arresters, rising demand for high-voltage protection devices, growing integration with smart grid infrastructure, expansion of gis and ais installations, enhanced focus on grid reliability.

What Is The Driver Of The Surge Arrester Market?

The growing electricity demand supports the growth of the market. The increasing electricity demand can be attributed to growing populations and increasing use of electrical and electronic appliances, especially in developing countries such as China, India, Brazil and some African countries.For instance, in August 2024, according to the World Economic Forum, a Switzerland-based non-governmental organization, Electricity demand is expected to rise by approximately 4% in 2024, a notable increase from 2.5% in 2023. Renewable electricity sources are expected to expand rapidly, from 30% in 2023 to 35% in 2025. Therefore, growing electricity demand is driving growth in the surge arrester industry.

Key Players In The Global Surge Arrester Market

Major companies operating in the surge arrester market are Siemens AG, ABB Ltd, Eaton Corporation plc, General Electric Company, Schneider Electric SE, Hitachi Energy, Mitsubishi Electric Corporation, CG Power & Industrial Solutions Ltd, DEHN SE, Raycap Corporation SA, TE Connectivity Ltd, Phoenix Contact GmbH & Co. KG, Tridelta Meidensha GmbH, Littelfuse Inc, Hubbell Power Systems Inc, Toshiba Corporation, Elpro International Ltd, Lamco Industries Pvt Ltd, CHINT Group, NGK Insulators Ltd.

Global Surge Arrester Market Trends and Insights

Major companies operating in the surge arrester market focused on developing innovative surge protectorsto improve electrical protection systems, thereby ensuring electrical networks' safety and reliability for residential and commercial applications. A surge protector is a device designed to safeguard electrical appliances and electronics from voltage spikes or surges in an electrical power supply. For instance, in June 2024, Belkin International, Inc., a US-based Consumer electronics company, launched a new Surge Protection lineup designed to safeguard home and office electronics from power surges and spikes. This range features multiple outlet options, fast charging capabilities, and a robust Connected Equipment Warranty covering damages up to $70,000 for devices connected to their surge protectors.

What Are Latest Mergers And Acquisitions In The Surge Arrester Market?

In August 2024, CSW Industrials, a US-basedcompany that offers pre-engineered materials, acquired PSP Products for an undisclosed amount. With this acquisition, CSW Industrials aims to enhance its market presence and offerings by integrating PSP Products' innovative surge protection and load management technologies into its Contractor Solutions segment. PSP Products Inc. is a US-based company thatmanufactures surge arresters.

What Defines the Surge Arrester Market?

The surge arrester market consists of sales of Silicon Carbide (SiC) Valve-type surge arresters, and metal-oxide surge arresters (MOSA) including gapless, series-gapped, and shunt-gapped. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Surge Arrester Market Report 2026?

The surge arrester market research report is one of a series of new reports from The Business Research Company that provides market statistics, including Market Report 2026?global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the surge arrester Market Report 2026? The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the Market Report 2026?