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However, the market's growth has been significantly hindered by product forgeries by local firms.

The surge arrester market is expected to grow in response to the rising electricity demand from the commercial, industrial, and residential sectors. Significant expenditures in energy systems and smart grids, equipment protection against sudden voltage fluctuations, and aging power infrastructure in developed countries are among the factors that are predicted to boost the market. The surge arrester market is estimated to grow at a CAGR of more than 4.6% from 2023 to 2030. For an effectual business growth, companies must adopt market research report service which has become quite vital in this rapidly changing marketplace. Market research reports like this Surge Arrester Market surely helps to reduce business risk and failure. This market research report helps the clients understand the various drivers and restraints impacting the market during the forecast period. The market study of this report takes into consideration market attractiveness analysis, where each segment is benchmarked based on its market size, growth rate, and general attractiveness. Surge Arrester Market analysis provides an examination of various segments that are supposed to witness the quickest development amid the estimated forecast frame. The Global Surge Arrester Market is dominated by major players such as Hitachi ABB Power Grids, Siemens Energy, General Electric (GE), Eaton, Hubbell, Schneider Electric, CG Power, and Industrial Solutions. In 2022, registering impressive expansion at a compound annual growth rate (CAGR) of

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