North America Surge Arresters Market

North America Surge Arresters Market Overview:

The North America surge arresters market size reached USD 480.46 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 683.84 Million by 2033, exhibiting a growth rate (CAGR) of 4.00% during 2025-2033. The market is expanding due to rising infrastructure investments, growing renewable energy adoption and increasing demand for grid reliability. Advancements in smart grids, industrial automation and EV charging infrastructure are contributing positively to the market growth.

North America Surge Arresters Market Trends:

Growing Investment in Renewable Energy

The increasing trend towards renewable sources of energy including wind and solar power is significantly driving the North America surge arresters market growth. These arresters are essential to protect renewable energy installations from electrical surges which may be generated by lightning discharges, grid faults or switching operations. Wind and solar energy systems typically situated in exposed or remote locations are most susceptible to voltage spikes that can destroy sensitive equipment resulting in expensive downtime and repairs. Surge arresters avoid such damage by safely routing excess voltage to the ground preserving the longevity and efficiency of renewable energy equipment. With the ongoing increase in renewable energy capacity surge arresters have been incorporated into the protection strategy to some extent especially in the expanding solar and wind power industries. According to the report published by IEA, the United States accounts for 15% of global clean energy investment totaling USD 280 billion in 2023 surpassing fossil fuel investments (USD 1.4 to USD 1). Key legislative efforts include USD 550 billion from the Bipartisan Infrastructure Act and USD 370 billion from the IRA targeting net-zero emissions by 2050. As renewable energy investments grow the North America surge arresters market share is expected to expand driven by the increasing demand for protective solutions in wind and solar power installations.

Rising Investments in Infrastructure

Growing infrastructure spending especially on power grids and industrial facilities is fueling the rising demand for surge arresters. Upgrading equipment as part of modernizing power grids and increasing industrial infrastructure tends to make systems more susceptible to electrical surges. Electrical surges can be triggered by lightning, faults or switching operations and can destroy sensitive equipment, interrupt operations or result in expensive repairs. Surge arresters play a vital role in such situations as they channel excess voltage to the ground and safeguard infrastructure and equipment. Private sectors and governments in North America are heavily investing in power grid resilience and industrialization thus further highlighting the importance of surge protection. For instance, in August 2024, the Biden-Harris Administration announced a $2.2 billion investment in the nation's power grid funding eight projects across 18 states. This initiative aims to add nearly 13 GW of capacity catalyze nearly $10 billion in public-private investment create at least 5,000 jobs and bolster resilience against extreme weather events. Such increased investment in infrastructure is creating a positive North America surge arresters market outlook.

North America Surge Arresters Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on material, class, voltage and end user.

Material Insights:

• Polymeric
• Porcelain

The report has provided a detailed breakup and analysis of the market based on the material. This includes polymeric and porcelain.

Class Insights:

• Distribution Class
• Intermediate Class
• Station Class

A detailed breakup and analysis of the market based on the class have also been provided in the report. This includes distribution class, intermediate class and station class.

Voltage Insights:

• Low Voltage
• Medium Voltage
• High Voltage

A detailed breakup and analysis of the market based on the voltage have also been provided in the report. This includes low voltage, medium voltage and high voltage.

End User Insights:

• Industrial
• Commercial
• Residential

A detailed breakup and analysis of the market based on the end user have also been provided in the report. This includes industrial, commercial and residential.

Country Insights:

• United States
• Canada

The report has also provided a comprehensive analysis of all the major regional markets, which include United States and Canada.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

North America Surge Arresters Market News:

• In June 2024, Belkin, an American consumer electronics company launched a new range of surge protectors in Australia, designed to meet local consumer needs. The lineup features options with 1 to 8 outlets, offering up to 1800 joules of protection and generous Connected Equipment Warranties, ensuring enhanced safety for home and office electronics.
• In June 2023, Raycap announced its plans to showcase its latest surge protection solutions for PV systems and EV charging stations at the Intersolar trade fair in Munich from. Highlights include the new ProTec PV Box 7y and ProBloc EV T2 V, designed to enhance protection and simplify installation.

North America Surge Arresters Market Report Coverage:

Key Questions Answered in This Report:

• How has the North America surge arresters market performed so far and how will it perform in the coming years?
• What is the breakup of the North America surge arresters market on the basis of material?
• What is the breakup of the North America surge arresters market on the basis of class?
• What are the various stages in the value chain of the North America surge arresters market? 
• What are the key driving factors and challenges in the North America surge arresters market?
• What is the structure of the North America surge arresters market and who are the key players?
• What is the degree of competition in the North America surge arresters market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the North America surge arresters market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the North America surge arresters market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the North America surge arresters industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.