Surge Arrester Market to Hit USD 2.57 Billion by 2030, Driven by Grid Modernization, Renewable Integration, and Smart Infrastructure Expansion

The global surge arrester market is on a strong growth trajectory, expected to reach USD 1,844.46 million by 2024 and projected to expand at a CAGR of 5.79% from 2025 to 2030, reaching approximately USD 2,573.50 million by 2030. This growth is fueled by the rising need for stable and uninterrupted electricity, growing complexity of modern power grids, and rapid investments in grid modernization and renewable energy integration.

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Market Drivers, Opportunities & Challenges

Key Growth Drivers

  • Rising demand for reliable electricity in industrialized and emerging economies

  • Government initiatives to modernize energy infrastructure and enhance grid resilience

  • Growth in renewable energy projects (solar, wind, offshore wind, and HVDC systems)

  • Adoption of smart grids and IoT-enabled systems that require advanced surge protection

  • Rapid industrialization and expansion of electric vehicle (EV) infrastructure

  • Voltage Rating Insights

    The market is seeing robust growth across low and medium voltage segments, driven by increased deployment in:

    • Industrial automation

    • Power factor correction systems

    • Renewable energy grid integration

    Governments are offering incentives for reducing reactive power losses, while investments in smart capacitor banks and eco-friendly dielectric materials are promoting efficient and sustainable surge protection technologies. In parallel, high voltage surge arresters are gaining prominence in transmission lines, offshore installations, and smart substations.

    Application Insights

    Industrial Sector

    • Rapid integration of automation, robotics, and heavy equipment in industries like oil & gas, mining, steel, and chemicals requires efficient surge protection

    • Industry 4.0 transformation increases reliance on IoT-enabled voltage management systems

    • Surge arresters play a crucial role in protecting electrical systems from voltage spikes and power disturbances. The increased focus on power quality, grid reliability, and equipment safety—especially in industrial and utility-scale environments—is significantly accelerating market adoption.

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