Surge Arrester Market - Forecast(2025 - 2031)

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The surge arrester market size was valued at $1.4 billion in 2021, and is projected to reach $2.2 billion by 2031, growing at a CAGR of 4.5% from 2022 to 2031.

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A surge arrester, also known as a surge #suppressor or surge protector, is a device designed to protect electrical equipment from #voltage spikes or surges in a power system. These surges can occur due to lightning strikes, switching operations, or other disturbances in the #electrical #grid.

The surge arrester works by diverting excess voltage safely to the ground, thus preventing it from reaching and damaging sensitive #equipment connected to the power supply. It typically consists of a metal oxide varistor (#MOV) or other semiconductor component connected between the power line and ground.

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#Surge #arresters are commonly used in various applications, including residential, commercial, and industrial settings, to #safeguard #electronic devices, appliances, and electrical systems from damage caused by #power surges.

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