Surge Arrester Market Analysis: Key Players and Competitive Landscape
The surge arrester market was estimated at USD 1.69 billion in 2022 and is likely to grow at a CAGR of 5.41% during 2023-2028 to reach USD 2.33 billion in 2028.
A surge arrester is basically a device that is used to provide protection to electrical equipment in power transmission and distribution systems, from over-voltage transients caused by external lightning or internal switching events.