The surge arrester market size was valued at $1.4 billion in 2021, and is estimated to reach $2.2 billion by 2031, growing at a CAGR of 4.5% from 2022 to 2031. A surge arrester is a protective device used in electrical power systems to protect equipment and personnel from overvoltage surges caused by lightning strikes, …
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Rise in number of customers for electrical houseware and appliances, increase in use of modern smart electronic appliances such as LED TV, washing machines, and others are the factors that drive the growth of the global surge arrester market. As above devices need protection from lightening strokes and switching surges that can damage appliances, there is …
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