Porcelain Surge Arrester Market Size - By Voltage (Low, Medium, High), By Class (Distribution, Intermediate, Station), By Application (Residential & Commercial, Industrial, Utility), & Forecast, 2024 - 2032

Porcelain Surge Arrester Market Size - By Voltage (Low, Medium, High), By Class (Distribution, Intermediate, Station), By Application (Residential & Commercial, Industrial, Utility), & Forecast, 2024 - 2032

The global porcelain surge arrester market is expected to grow at a CAGR of 4.5% during 2024-2032, driven by smart grid investments, IoT integration, increasing industrialization & automation, and technological investments.

According to a report by Carbon Brief in 2023, 71% of 504 extreme weather events intensified due to human-caused climate change, 9% lessened, showing 80% were influenced. 20% had no discernible human impact or inconclusive findings. The climate change has heightened the vulnerability to extreme weather events, exposing critical infrastructure to increased risks, including power surges. With the rise in frequency and intensity of storms, floods, and climatic disruptions, there's a pressing need for robust surge protection measures. Climate change events, like lightning strikes and power fluctuations, pose significant threats to electrical systems. Porcelain surge arresters provide advanced solutions to mitigate climate change's impact on electrical systems, enhancing the resilience of power networks, thereby enhancing overall market appeal.

The global porcelain surge arrester industry is classified based on voltage, class, application, and region.

The low voltage segment is expected to grow rapidly during the forecast period, owing to its utility in residential, commercial, and industrial applications. Low voltage surge arresters are designed to protect sensitive electronic equipment from voltage spikes in electrical systems operating at lower voltage levels. The increasing adoption of electronic devices and the proliferation of smart homes and offices are driving the demand for low voltage surge arrester solutions.

The industrial application segment is set to witness an upward growth trajectory till 2032, driven by heavy reliance on uninterrupted power supply to maintain smooth operations. Surge arresters play an important role in safeguarding industrial equipment and machinery from voltage surges that can lead to downtime and equipment damage. Moreover, the robustness and reliability of porcelain surge arresters make them well-suited for industrial applications.

North America porcelain surge arrester market is poised to grow rapidly through 2032 driven by infrastructure development, technological advancements, and the increasing emphasis on renewable energy sources. The United States and Canada are at the forefront of adopting advanced surge protection solutions to enhance the reliability of their power infrastructure. Moreover, the growing number of smart cities and the integration of renewable energy sources into the grid are contributing to the industry growth.