Surge Arrester Market Set for Rapid Growth to Reach $2.01 Billion by 2023
The surge arrester market is expected to grow from an estimated USD 1.56 Billion in 2018 to USD 2.01 Billion by 2023, at a CAGR of 5.11%, during the forecast period. Investments in smart grids and energy systems, protection of equipment from failure caused by frequent voltage spikes, and aging power infrastructure are some of the factors driving the growth of surge arrester market. The market has been...