The global surge arrester market is expected to reach US$ 1.5 billion in 2021, representing a 4.1 percent year-on-year increase. Surge arrester sales are predicted to grow at a CAGR of 5.0 percent, reaching a valuation of US$ 2.6 billion by 2032. Growth can be ascribed to rising global energy demand, growing industrialization, and improved …
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Surge Arrester Market is expected to top a valuation of US$ 2.6 Bn by 2032, at a CAGR of 5.0% from 2022-2032 – Future Market Insights, Inc.
The surge arrester market saw Y-o-Y growth of 4.1% to reach US$ 1.5 Bn in 2021. Sales of surge arresters are anticipated to grow at a CAGR of 5.0% and surpass US$ 2.6 Bn by 2032. Globally rising energy demand, rapid industrialization, and improved urban infrastructure are all factors that contribute to growth. The demand …