Surge arresters are protective devices designed to safeguard electrical equipment from voltage surges and lightning strikes in power distribution systems. These devices are crucial components in maintaining the reliability and longevity of electrical infrastructure by limiting transient overvoltages and diverting surge currents to the ground.

Surge Arrester Market play a vital role in protecting expensive electrical equipment, preventing system downtime, and ensuring continuous power supply across various sectors including utilities, industries, and residential applications. The increasing deployment of smart grid technologies, growing investments in renewable energy infrastructure, and the need for reliable power distribution systems have significantly elevated the importance of surge protection devices. These devices offer benefits such as enhanced equipment protection, reduced maintenance costs, and improved system reliability.

The surge arrester market is estimated to be valued at USD 1.85 Bn in 2024 and is expected to reach USD 2.73 Bn by 2031, growing at a compound annual growth rate (CAGR) of 5.72% from 2024 to 2031.

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