The surge arrester market is projected to be valued at USD 2,625.8 million in 2023, with a steady CAGR of 5.0% from 2023 to 2033. This growth is expected to bring the market to an estimated valuation of USD 4,277.3 million by 2033. Several key drivers are fueling the surge arrester industry’s expansion. The increasing …
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Surge Arrester Market Overview by Application, Voltage & Region And Forecast 2021 – 2032
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 …
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 …