The global market for surge arresters is rapidly expanding, expected to reach 2.16 billion dollars by 2031.
The global surge arrester market is on a high-voltage track, generating approximately $1.46 billion in revenue in 2022. Due to a rapid increase in demand and technological innovations in this field, industry experts predict a stable compound annual growth rate (CAGR) of 4.5% during the forecast period from 2023 to 2031, with an estimated surge to $2.16 billion by 2031. Surge arresters, also known as surge protection devices, play a crucial role in protecting electrical and electronic systems from voltage spikes and transient overvoltages. These devices are essential for ensuring the reliability and uninterrupted operation of a wide range of equipment, from household electronics to critical industrial infrastructure. You can check the application method by clicking the [PDF Download] button or apply directly through the related links.
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Overview of Segmentation The global surge arrester market is classified based on material, voltage range, end-user, and region. By Material Polymer Porcelain By Voltage Range Low Medium High By End User Industrial Commercial Residential Key Companies: ABB Limited Siemens AG CG Power and Industrial Solutions Limited Hakel Hubbell Power Systems Izoelektro d.o.o. Eaton Corporation TE Connectivity Ltd General Electric INAEL Electrical Systems
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