Europe Type 2 Surge Arrester Market, Emerging Trends, Technological Advancements, and Business Strategies 2024-2030

Europe Type 2 Surge Arrester Market size was valued at US$ 156.4 million in 2024 and is projected to reach US$ 218.7 million by 2030, at a CAGR of 5.7% during the forecast period 2024-2030.

Type 2 surge arresters are protective devices used in electrical installations to limit transient overvoltages and divert surge currents.

Market growth is driven by increasing investments in smart grid infrastructure and renewable energy systems across Europe. Rising awareness of electrical safety in commercial and industrial sectors boosts demand. Ongoing developments in surge protection technology, focusing on enhanced safety features and longer service life, are contributing to market expansion.

Report Includes

This report is an essential reference for who looks for detailed information on Europe Type 2 Surge Arrester. The report covers data on Europe markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Europe major vendors¡¯ information. In addition to the data part, the report also provides overview of Type 2 Surge Arrester, including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user’s requirements is also available.

This report aims to provide a comprehensive presentation of the Europe Type 2 Surge Arrester, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Type 2 Surge Arrester. This report contains market size and forecasts of Type 2 Surge Arrester in Europe, including the following market information:
We surveyed the Type 2 Surge Arrester manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

by Country

•    Germany
•    United Kingdom
•    France
•    Italy
•    Spain
•    Netherlands
•    Belgium

by Products type:

•    Single Phase
•    Three Phase

by Application:

•    Electronic Equipment
•    Instrumentation
•    Communication Line
•    Others

key players include: (At least 8-10 companies included)

•    ABB Ltd (Switzerland)
•    Siemens AG (Germany)
•    Schneider Electric SE (France)
•    Eaton Corporation plc (Ireland)
•    Legrand SA (France)
•    Phoenix Contact (Germany)
•    Citel (France)
•    DEHN SE + Co KG (Germany)
•    OBO Bettermann Group (Germany)
•    Hager Group (Germany)

Including or excluding key companies relevant to your analysis.

Competitor Analysis

The report also provides analysis of leading market participants including:
•    Key companies Type 2 Surge Arrester revenues in Europe market, 2019-2024 (Estimated), ($ millions)
•    Key companies Type 2 Surge Arrester revenues share in Europe market, 2023 (%)
•    Key companies Type 2 Surge Arrester sales in Europe market, 2019-2024 (Estimated),
•    Key companies Type 2 Surge Arrester sales share in Europe market, 2023 (%)

Drivers:

1. Rising Awareness of Power Quality Issues: Across Europe, there is increasing awareness regarding power quality issues such as voltage spikes, transients, and surges that can damage sensitive electrical equipment. Type 2 surge arresters, which provide protection against these surges at the distribution level, are becoming essential in both residential and industrial settings. This growing awareness is a major driver for the market.
2. Expansion of Renewable Energy Projects: Europe’s aggressive push towards renewable energy sources like solar and wind power has created a demand for surge protection devices, including Type 2 surge arresters. These renewable installations, often located in remote or exposed areas, are prone to lightning strikes and grid fluctuations, making surge arresters critical to ensuring the longevity of equipment and smooth operation of power systems.
3. Stringent Regulatory Standards for Electrical Safety: European regulations around electrical safety, such as the Low Voltage Directive (LVD) and harmonized EN standards, emphasize the need for surge protection to ensure the safety of electrical systems in buildings, infrastructure, and industrial plants. Type 2 surge arresters, designed to protect electrical installations from indirect lightning strikes and switching surges, are increasingly mandated, driving the market forward.
4. Urbanization and Infrastructure Modernization: Many European countries are modernizing their aging electrical infrastructure as part of broader urbanization and infrastructure development programs. The need for more resilient electrical systems, particularly in smart cities and new construction projects, is contributing to the rising demand for surge protection devices like Type 2 surge arresters, which ensure system reliability and safety.
5. Growth in Industrial Automation: The increasing automation in European manufacturing and industrial sectors requires reliable electrical systems to minimize downtime and protect sensitive equipment. Type 2 surge arresters are vital in protecting industrial machinery and automated systems from voltage surges, which can cause costly equipment damage and interruptions to operations.

Restraints:

1. High Installation and Maintenance Costs: Although Type 2 surge arresters are essential for protecting electrical systems, the initial cost of installation, especially in large-scale industrial and commercial settings, can be a deterrent. Furthermore, regular maintenance is required to ensure that these devices function properly, adding to the total cost of ownership, which can limit their adoption in cost-sensitive markets.
2. Limited Awareness in Developing Regions of Europe: While Western European countries are well aware of the importance of surge protection, there is still a lack of awareness in certain developing regions of Eastern and Southern Europe. This slower adoption, coupled with lower infrastructure investments, restrains market growth in these areas.
3. Slow Replacement Cycle: Surge arresters, once installed, typically have long operational lifespans. This leads to a relatively slow replacement cycle, limiting recurring revenue for manufacturers and slowing market growth in regions where surge protection systems are already widely deployed, such as Germany and the UK.
4. Competition from Alternative Surge Protection Technologies: The market faces competition from other surge protection technologies, such as Type 1 surge arresters for lightning strikes and Type 3 devices for protecting sensitive equipment. In some applications, alternative solutions are preferred over Type 2 arresters, reducing the market’s potential in specific use cases.

Opportunities:

1. Smart Grid Implementation: As European countries invest in smart grid technologies to improve power distribution efficiency and reduce outages, the demand for surge protection solutions, including Type 2 surge arresters, is expected to rise. These smart grids integrate advanced sensors, renewable energy sources, and digital technologies, all of which require robust surge protection to maintain system stability and performance.
2. Rising Adoption of Electric Vehicles (EVs): The growing adoption of electric vehicles across Europe presents new opportunities for the Type 2 surge arrester market. EV charging stations, which are prone to voltage fluctuations and lightning surges, require surge protection to ensure their reliability and prevent damage to both charging infrastructure and connected vehicles. This rising EV trend, driven by government initiatives and consumer demand, will boost the demand for surge protection devices.
3. Growth in Data Centers and Telecom Infrastructure: Europe is witnessing a rapid expansion of data centers and telecommunications infrastructure, particularly in countries like the Netherlands, Ireland, and Germany. The critical nature of data transmission and storage in these facilities makes them highly sensitive to electrical surges, providing an opportunity for Type 2 surge arrester manufacturers to supply high-reliability solutions to safeguard vital equipment.
4. Infrastructure Upgrades in Eastern Europe: Many Eastern European countries are now prioritizing infrastructure upgrades, including the modernization of their electrical grids and installation of new power distribution systems. This presents a significant opportunity for the deployment of Type 2 surge arresters, particularly in markets like Poland, Romania, and Hungary, where investments in industrial and urban infrastructure are ramping up.
5. Innovation in Surge Protection Technology: Advancements in surge protection technology, such as the development of smart surge arresters with remote monitoring capabilities, offer significant opportunities for market growth. These innovative products enable real-time monitoring of electrical systems, allowing for preventive maintenance and reducing the risk of failure, which can appeal to industrial and commercial users looking for more advanced protection solutions.

Challenges:

1. Inconsistent Standards Across Europe: Although there are EU-wide regulations for surge protection, different countries have varying levels of enforcement and different interpretations of these standards. This inconsistency can create challenges for manufacturers trying to cater to the entire European market, as they may need to customize their products or certifications to meet specific national requirements.
2. Disruption in Supply Chains: The global supply chain for electrical components, including Type 2 surge arresters, has been disrupted by factors such as the COVID-19 pandemic, semiconductor shortages, and geopolitical tensions. These disruptions can lead to delays in manufacturing and delivery, increasing costs and limiting the availability of surge protection devices in the European market.
3. Competition from Low-Cost Manufacturers: The presence of low-cost surge arrester manufacturers from regions outside Europe, particularly Asia, poses a challenge for local European companies. These manufacturers offer competitive pricing, which can undercut the pricing power of European firms, particularly in price-sensitive markets. Maintaining quality while competing on price remains a significant challenge for European manufacturers.
4. Technological Obsolescence: As electrical systems become more complex and integrated with digital technologies, there is a need for surge arresters that are compatible with these advanced systems. Manufacturers must continuously innovate and upgrade their products to keep pace with evolving electrical infrastructure, which can be costly and technologically challenging.

Key Points of this Report:
•    The depth industry chain includes analysis value chain analysis, porter five forces model analysis and cost structure analysis
•    The report covers Europe and country-wise market of Type 2 Surge Arrester
•    It describes present situation, historical background and future forecast
•    Comprehensive data showing Type 2 Surge Arrester capacities, production, consumption, trade statistics, and prices in the recent years are provided
•    The report indicates a wealth of information on Type 2 Surge Arrester manufacturers
•    Type 2 Surge Arrester forecast for next five years, including market volumes and prices is also provided
•    Raw Material Supply and Downstream Consumer Information is also included
•    Any other user’s requirements which is feasible for us

Reasons to Purchase this Report:
•    Analyzing the outlook of the market with the recent trends and SWOT analysis
•    Market dynamics scenario, along with growth opportunities of the market in the years to come
•    Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
•    Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
•    Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
•    Distribution Channel sales Analysis by Value
•    Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
•    Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
•    1-year analyst support, along with the data support in excel format.