According to our latest research, the Global Surge Arrester market size was valued at $2.2 billion in 2024 and is projected to reach $3.7 billion by 2033, expanding at a CAGR of 5.6% during 2024–2033. The primary factor fueling this robust growth is the increasing demand for reliable power transmission and distribution infrastructure, driven by ongoing urbanization, industrialization, and the integration of renewable energy sources worldwide.

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