Surge Arrester Market Forecast
Regional Forecast:
Asia Pacific: In Asia Pacific, countries such as China, Japan, and South Korea are expected to lead the surge arrester market growth. The rapid industrialization, urbanization, and infrastructural development in these countries are driving the demand for surge protection devices to safeguard critical electrical equipment from voltage fluctuations and transient surges.
Europe: The surge arrester market in Europe, particularly in the United Kingdom, Germany, and France, is witnessing significant growth owing to the stringent regulations regarding electrical safety and the increasing focus on renewable energy sources. The deployment of smart grids and the expansion of power infrastructure are further boosting the demand for surge protection devices in these countries.
Largest Region
Asia Pacific
34% Market Share in 2024
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