North America Surge Arrester Market 2034 - Key Facts

North America Surge Arrester Market 2034 – Key Market Insights
Key Market Question	Answer
What is the market size in 2025?	Revenue (USD Million)
What is the projected market size by 2035?	$510 Million
What is the market CAGR from 2025 to 2035?	-12.6%
Which region dominates the market?	United States (73%)
Which product/service type dominates the market?	Polymer (46%)
Which application leads the market?	Utilities (43%)
Who are the major buyers?	Utilities (41%), Industrial (26%)
What are the key market growth drivers?	Rapid modernization of electrical grids across North America is a primary growth driver; Increasing frequency of voltage transients due to extreme weather events and grid instability is compelling industries to deploy advanced surge protection systems
What are the major market challenges?	Technical challenges in integrating smart surge arresters with legacy grid systems can slow adoption; Price sensitivity in smaller utility and residential projects limits widespread adoption of advanced arrester types
What is the forecast period?