Europe Surge Arrester Market Size - By Voltage (Low, Medium, High), By Class (Distribution, Intermediate, Station), By Material (Polymer, Porcelain), By Application (Residential & Commercial, Industrial, Utility), & Forecast, 2023- 2032

Europe Surge Arrester Market Size - By Voltage (Low, Medium, High), By Class (Distribution, Intermediate, Station), By Material (Polymer, Porcelain), By Application (Residential & Commercial, Industrial, Utility), & Forecast, 2023- 2032

Europe Surge Arrester Market size is projected to expand at over 5.5% CAGR from 2023-2032 propelled by the higher integration of renewable energy sources.

The increasing adoption of solar and wind power installations is leading to the vulnerability of electrical systems to transient voltage events. Surge arresters protect these renewable energy installations by preventing damages from voltage surges whilst ensuring uninterrupted power generation. The shifting inclination towards sustainable energy solutions will further boost the demand for surge arresters in the region. To cite an instance, in November 2023, CIP, in collaboration with Lhyfe, Copenhagen Energy Islands, and Flexens established the Åland Energy Island project to integrate large-scale offshore wind power and hydrogen production for supporting the energy security and de-carbonization objectives of Åland and the EU.

The Europe surge arrester industry is segmented into voltage, class, material, application, and region.

Based on voltage, the market share from the high segment gained significant traction in 2022 and is expected to record substantial growth through 2032. High-voltage surge arresters help safeguard transformers, substations, and critical electrical assets from transient voltage events. The increasing focus on grid reliability coupled with the rollout of stringent safety standards is propelling the adoption of high-voltage surge arresters across Europe. Additionally, the extensive power infrastructure in the continent, including high-voltage transmission and distribution networks is contributing to the increasing demand for effective surge protection.

Europe surge arrester market from the industrial application segment is projected to attain momentum from 2023-2032. This can be attributed to the increasing deployment of surge arresters to protect sensitive electronic equipment, machinery, and automation systems from voltage spikes and transients. With the growing reliance on sophisticated industrial processes and automation technologies, the demand for robust surge protection solutions is escalating. Furthermore, the rapid industrial automation across Europe will fuel the segment expansion.

Germany surge arrester market is estimated to expand at a notable CAGR between 2023 and 2032 driven by the ongoing grid modernization projects and renewable energy integration in the country. The strong presence of industrial powerhouse is also boosting the adoption of surge arresters for electrical infrastructure for reliable surge protection. Moreover, government initiatives and stringent safety standards coupled with rising technological advancements will contribute to regional market growth.