Surge Arrester Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Surge Arrester Market is segmented By Voltage (Medium Voltage, Low Voltage, High Voltage), By Class ...

Surge Arrester Market Size

Market Size in USD Bn

CAGR5.72%

Study Period2024 - 2031
Base Year of Estimation2023
CAGR5.72%
Market ConcentrationMedium
Major PlayersSiemens AG, ABB AG, General Electric (GE), Schneider Electric SE, Eaton Corporation and Among Others
*Disclaimer: Major players are listed in no particular order.
*Source: Coherent Market Insights
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Surge Arrester Market Analysis

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 grid infrastructure projects and stringent regulations regarding grid reliability & safety are fueling growth of the surge arrester market.

Surge Arrester Market Report Snapshots

Surge Arrester Market Size