Surge Arrester Market is segmented By Product (Solar Street Lights, Solar Garden Lights, Solar Flood...
Market Size in USD Bn
CAGR5.9%
Study Period | 2025-2032 |
Base Year of Estimation | 2024 |
CAGR | 5.9% |
Market Concentration | Medium |
Major Players | Siemens AG, ABB AG, General Electric (GE), Schneider Electric SE, Eaton Corporation and Among Others |
The surge arrester market is estimated to be valued at USD 1.96 Bn in 2025 and is expected to reach USD 2.93 Bn by 2032, growing at a compound annual growth rate (CAGR) of 5.9% from 2025 to 2032. Growing grid infrastructure projects and stringent regulations regarding grid reliability & safety are fueling growth of the surge arrester market.