Surge Arrester Market: Global Industry Trends and COVID-19 Impact Analysis
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.
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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