Surge Arrester Global Market Report 2026

A surge arrester is a protective device designed to limit voltage on equipment by discharging or bypassing surge current in substations, including transformers, circuit breakers, and bushings. Its purpose is to safeguard against the effects of lightning and switching surges, preventing the continued flow of current to ground. Surge arresters are capable of repeating these protective functions in accordance with ANSI standard C62.

The primary types of surge arresters are polymeric and porcelain. Polymeric surge arresters are characterized by being lightweight and hydrophobic, making them suitable for the protection of electrical equipment in both indoor and outdoor systems. These are gapless zinc oxide surge arresters designed for the overhead distribution network. Their optimal mechanical strength allows for use in harsh environmental conditions. Surge arresters are classified into distribution class, intermediate class, and station class, with voltage types including low voltage surge arresters, medium voltage surge arresters, and high voltage surge arresters. They find applications in both AIS (air-insulated substation) and GIS (gas-insulated substation). End-users of surge arresters include utilities, industries, transportation, and other sectors.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are influencing the surge arrester market by increasing costs of imported ceramic materials, polymer housings, metal oxide varistors, and electronic monitoring components. Utilities and transportation infrastructure projects in North America and Europe are most affected due to reliance on imported electrical equipment, while Asia-Pacific faces export cost pressures. These tariffs are increasing procurement costs and delaying grid upgrades. However, they are also encouraging domestic production, localized sourcing of insulation materials, and regional manufacturing of surge protection devices.

The surge arrester market research report is one of a series of new reports from The Business Research Company that provides surge arrester market statistics, including surge arrester industry global market size, regional shares, competitors with a surge arrester market share, detailed surge arrester market segments, market trends and opportunities, and any further data you may need to thrive in the surge arrester industry. This surge arrester market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The surge arrester market size has grown strongly in recent years. It will grow from $2.43 billion in 2025 to $2.62 billion in 2026 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to expansion of power transmission networks, increased electrification of industries, rising incidence of grid disturbances, adoption of lightning protection standards, growth of substation infrastructure.

The surge arrester market size is expected to see strong growth in the next few years. It will grow to $3.51 billion in 2030 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to increasing investments in smart grids, rising renewable energy integration, expansion of electric mobility infrastructure, growing focus on grid resilience, modernization of aging power assets. Major trends in the forecast period include increasing adoption of polymer-based surge arresters, rising demand for high-voltage protection devices, growing integration with smart grid infrastructure, expansion of gis and ais installations, enhanced focus on grid reliability.

The increasing demand for electricity is fueling growth in the market. This rise can be attributed to growing populations and a higher usage of electrical and electronic appliances, particularly in developing countries like China, India, Brazil, and certain African nations. For example, in August 2024, the World Economic Forum, a Switzerland-based non-governmental organization, reported that electricity demand is projected to rise by approximately 4% in 2024, up from 2.5% in 2023. Additionally, the share of renewable electricity sources is expected to grow significantly, from 30% in 2023 to 35% in 2025. Consequently, the increasing demand for electricity is driving growth in the surge arrester market.

Major companies in the surge arrester market are concentrating on developing innovative surge protectors to enhance electrical protection systems, ensuring the safety and reliability of electrical networks for both residential and commercial applications. For example, in June 2024, Belkin International, Inc., a US-based consumer electronics company, launched a new surge protection lineup designed to protect home and office electronics from power surges and spikes. This range includes multiple outlet options, fast charging capabilities, and a comprehensive Connected Equipment Warranty that covers damages up to $70,000 for devices connected to their surge protectors.

In August 2024, CSW Industrials, a US-based company specializing in pre-engineered materials, acquired PSP Products for an undisclosed amount. This acquisition allows CSW Industrials to enhance its market presence and product offerings by incorporating PSP Products' innovative surge protection and load management technologies into its Contractor Solutions segment. PSP Products, Inc. is a US-based manufacturer of surge arresters.

Major companies operating in the surge arrester market are Siemens AG, ABB Ltd, Eaton Corporation plc, General Electric Company, Schneider Electric SE, Hitachi Energy, Mitsubishi Electric Corporation, CG Power & Industrial Solutions Ltd, DEHN SE, Raycap Corporation SA, TE Connectivity Ltd, Phoenix Contact GmbH & Co. KG, Tridelta Meidensha GmbH, Littelfuse Inc, Hubbell Power Systems Inc, Toshiba Corporation, Elpro International Ltd, Lamco Industries Pvt Ltd, CHINT Group, NGK Insulators Ltd.

North America was the largest region in the surge arresters market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the surge arrester market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the surge arrester market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The surge arrester market consists of sales of Silicon Carbide (SiC) Valve-type surge arresters, and metal-oxide surge arresters (MOSA) including gapless, series-gapped, and shunt-gapped. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Surge Arrester Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses surge arrester market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for surge arrester ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The surge arrester market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: Polymeric; Porcelain
• 2) By Voltage Type: Low Voltage Surge Arresters; Medium Voltage Surge Arresters; High Voltage Surge Arresters
• 3) By Class: Distribution Class; Intermediate Class; Station Class
• 4) By Application: AIS (Air Insulated Switchgear); GIS (Gas Insulated Switchgear)
• 5) By End-User: Utilities; Industries; Transportation; Other End-Users
• Subsegments:
• 1) By Polymeric: Silicone Rubber Surge Arresters; Ethylene Propylene Diene Monomer (EPDM) Surge Arresters
• 2) By Porcelain: Station Class Porcelain Surge Arresters; Distribution Class Porcelain Surge Arresters
• Companies Mentioned: Siemens AG; ABB Ltd; Eaton Corporation plc; General Electric Company; Schneider Electric SE; Hitachi Energy; Mitsubishi Electric Corporation; CG Power & Industrial Solutions Ltd; DEHN SE; Raycap Corporation SA; TE Connectivity Ltd; Phoenix Contact GmbH & Co. KG; Tridelta Meidensha GmbH; Littelfuse Inc; Hubbell Power Systems Inc; Toshiba Corporation; Elpro International Ltd; Lamco Industries Pvt Ltd; CHINT Group; NGK Insulators Ltd.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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