Surge Arrester Market Expected to Experience Attractive Growth Through 2028
Matt Easterlin18 Sep, 2023Business
The surge arrester market was estimated at USD 1.6 billion in 2021 and is likely to grow at a CAGR of 5.5% during 2022-2028 to reach USD 2.33 billion in 2028. What is a surge arrester? A surge arrester is basically a device that is used to provide protection to electrical equipment in power transmission and distribution systems, from over-voltage transients caused by external lightning or internal switching events.
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