Surge Arresters Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Type (Porcelain and Polymeric), By Voltage Level (Station Class, Intermediate Class and Distribution Class), By Application (High, Medium and Low), By Application (Utility and Industrial), By Region, By Competition Forecast & Opportunities, 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 2.21 Billion
CAGR (2026-2031)	4.45%
Fastest Growing Segment	Distribution Class
Largest Market	Asia Pacific
Market Size (2031)	USD 2.87 Billion

Market Overview

The Global Surge Arresters Market will grow from USD 2.21 Billion in 2025 to USD 2.87 Billion by 2031 at a 4.45% CAGR. Surge arresters are specialized protective devices designed to preserve the integrity of electrical equipment by limiting transient overvoltages and diverting surge currents to the ground. The market is primarily propelled by the heightening global demand for reliable electricity and the modernization of distribution networks to support renewable energy integration. According to the Global Wind Energy Council, in 2024, the wind industry installed a record 117 GW of new capacity globally, underscoring the rapid infrastructure expansion that necessitates advanced surge protection systems to ensure grid stability and safeguard critical renewable assets.

Despite these favorable growth factors, the market faces a significant impediment regarding the intense competition from the unorganized sector, which offers low-cost, substandard alternatives. This proliferation of inferior quality products forces established manufacturers to contend with severe price sensitivity, effectively eroding profit margins. Consequently, the presence of these non-compliant substitutes complicates the competitive landscape for premium manufacturers aiming to uphold strict safety standards across cost-sensitive markets.

Key Market Drivers

Surging investments in high-voltage transmission and distribution networks act as a primary catalyst for market expansion. As utilities strive to integrate decentralized renewable energy sources, the physical infrastructure requires significant upgrades to manage voltage fluctuations and maintain stability. This modernization necessitates the installation of high-capacity surge protection devices to shield capital-intensive assets from electrical transients. According to the International Energy Agency, June 2024, in the 'World Energy Investment 2024' report, global spending on electricity grids is projected to reach USD 400 billion in 2024, driven by the need to upgrade aging infrastructure and support energy transitions. This substantial capital allocation directly correlates with increased procurement of transmission-class arresters.

Rising global electricity consumption and the consequent peak load demand further accelerate the adoption of protective components. The push towards electrification in sectors such as transportation and data processing increases the vulnerability of networks to overvoltage events, mandating robust surge mitigation strategies. According to the International Energy Agency, July 2024, in the 'Electricity Mid-Year Update', global electricity demand is forecast to grow by around 4% in 2024, representing the fastest annual growth rate since 2007, excluding the post-pandemic rebound. To meet these escalating requirements, manufacturers are scaling operations; for instance, according to Hitachi Energy, in 2024, the company announced a planned investment of USD 4.5 billion to expand manufacturing capacity for grid solutions. These trends collectively reinforce the necessity for reliable surge protection in critical power systems.

Download Free Sample Report

Key Market Challenges

The intense competition from the unorganized sector presents a severe obstacle to market growth by introducing low-cost, substandard alternatives that compromise safety and distort pricing. This influx of inferior products forces legitimate manufacturers to engage in aggressive price reductions to remain competitive, which directly erodes profit margins and limits their ability to invest in quality assurance and innovation. When these non-compliant devices fail to perform during voltage spikes, they cause significant equipment damage, thereby diminishing end-user trust in the reliability of surge protection technology and stalling broader market adoption.

The prevalence of these non-compliant components within the global supply chain is escalating rapidly, further complicating the landscape for compliant manufacturers. According to ERAI, in 2024, the number of reported suspect counterfeit and nonconforming parts increased by 25% compared to the previous year. This substantial rise in verified non-compliant goods highlights the magnitude of the threat facing premium manufacturers. As the unorganized sector expands its reach, established players face increasing difficulty in upholding strict safety standards in cost-sensitive markets, effectively hampering the overall value growth of the global industry.

Key Market Trends

The transition toward polymer-housed surge arresters is fundamentally reshaping the market, driven by the material's superior safety profile, lightweight properties, and resistance to environmental contaminants compared to traditional porcelain. Utilities are increasingly prioritizing these components to mitigate the risks of explosive fragmentation and to simplify installation logistics in difficult terrains. This widespread industry shift is evidenced by major infrastructure developments securing supply chains for modern polymeric solutions. For instance, according to Invenergy, May 2025, the Grain Belt Express project announced nearly USD 1.7 billion in combined U.S. contractor awards, which included an equipment supply agreement with Hubbell Power Systems, a leader in polymer technology, to provide insulators and transmission assemblies for the line.

Concurrently, the rise of specialized DC surge arresters for renewable energy integration is gaining momentum as high-voltage direct current (HVDC) systems become the standard for transporting remote renewable power over long distances. Unlike AC systems, these corridors require distinct protection technologies to manage the unique overvoltage characteristics of DC transmission, necessitating significant manufacturing scalability. Leading manufacturers are aggressively expanding capacity to meet this specialized technical demand. According to Hitachi Energy, September 2025, the company announced a historic investment of more than USD 1 billion to expand the production of critical electrical grid infrastructure in the United States, directly supporting the deployment of advanced high-voltage technologies required for such energy transition projects.

Segmental Insights

The Distribution Class segment is currently emerging as the fastest-growing category within the global surge arresters market. This expansion is primarily driven by the extensive modernization of aging electrical infrastructure and the increasing development of smart grid networks. Power utility companies are prioritizing the installation of these devices to protect essential distribution transformers and lines from voltage spikes, thereby ensuring grid reliability. Additionally, ongoing rural electrification initiatives require robust protection systems to maintain network stability. Consequently, the focus on minimizing operational downtime and preventing equipment damage continues to accelerate the adoption of distribution class arresters globally.

Regional Insights

Asia Pacific commands the leading position in the Global Surge Arresters Market, driven by extensive infrastructure development in major economies like China and India. Rapid urbanization and industrial expansion have compelled utilities to upgrade power transmission and distribution networks to maintain grid stability. Additionally, the increasing integration of renewable energy sources, particularly solar and wind projects, creates a critical need for protection against voltage fluctuations. These factors, combined with substantial investments in smart grid technologies and high-voltage transmission systems, sustain the region's dominance in the global demand for surge protection components.

Recent Developments

• In October 2024, Bourns expanded its high-energy gas discharge tube (GDT) family by adding two new very high current models designed for AC and DC power line designs. The company engineered these components to meet stringent reliability and durability standards, providing robust surge protection for demanding applications. This product expansion aimed to support the increasing requirements for circuit protection in high-voltage infrastructure and industrial systems. The new models were developed to handle significant surge energy, ensuring the safety and longevity of critical equipment in sectors such as renewable energy, telecommunications, and other power management environments where reliable overvoltage protection is essential.
• In July 2024, DEHN announced a strategic agreement to acquire the surge protection business of ABB in the United States, specifically the Current Technology and Joslyn brands. The company stated that this acquisition was intended to strengthen its position in the North American market and expand its portfolio of power quality, grounding, and lightning protection solutions. The transaction included the transfer of the associated product intellectual property and a network of sales partners. DEHN emphasized that this move would allow it to better address the opportunities arising from rapid electrification and the expansion of renewable energy infrastructure in the region.
• In April 2024, Phoenix Contact introduced the Valvetrab Safe Protection Plus (VAL-SPP) series, a new family of surge protective devices designed for easy installation and enhanced safety. The company highlighted that these devices feature protection against miswiring and accidental contact, along with a robust design suitable for harsh environments and high altitudes. The product line covers applications for AC power and photovoltaic systems, offering reliable protection against voltage spikes. The launch focused on improving system availability and operational safety, with features like rapid disconnection and reinforced insulation to safeguard backup fuses and installations.
• In January 2024, Littelfuse announced the launch of the SM10 Varistor Series, a surface-mounted metal oxide varistor designed for surge protection in automotive electronics, electric vehicles, and other demanding applications. The company described the product as a significant development due to its high operating temperature capabilities and compliance with the AEC-Q200 automotive standard. The component was engineered to provide superior transient surge protection in a compact package, offering ultra-high surge current handling. This release addressed the industry's need for miniaturization and reliability in harsh environments, enabling fully automated printed circuit board assembly processes for primary side circuit protection.

Key Market Players

• ABB Ltd.
• CG Power and Industrial Solutions Ltd
• Eaton Corporation PLC
• Emerson Electric Co.
• Legrand SA
• Siemens AG
• Mitsubishi Electric Corporation
• Raycap Corporation SA
• Schneider electric SE
• General Electric Company

By Type	By Voltage Level	By Application	By Region
Porcelain and Polymeric	Station Class Intermediate Class and Distribution Class	Utility and Industrial	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Surge Arresters Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Surge Arresters Market, By Type:

• Porcelain and Polymeric

• Surge Arresters Market, By Voltage Level:

• Station Class
• Intermediate Class and Distribution Class

• Surge Arresters Market, By Application:

• Utility and Industrial

• Surge Arresters Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE