The Worldwide Surge Arrester Industry is Estimated to Grow at a CAGR of 4.9% Between 2020 to 2025
Share this article Share this article ResearchAndMarkets.com's offering. The global surge arrester market is projected to reach USD 1.9 billion by 2025 from an estimated USD 1.5 billion in 2020, at a CAGR of 4.9% during the forecast period. The rising demand for electricity in APAC and the growing focus on increasing renewable energy installed capacity are encouraging utilities to invest in the electricity transmission and distribution networks, as well as in electrification projects. These investments, along with investments to replace aging electric infrastructure in North America and Euro...