South Korea Surge Arrester Market Size & Outlook, 2025-2030
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South Korea surge arrester market highlights
- The South Korea surge arrester market generated a revenue of USD 58.5 million in 2024 and is expected to reach USD 84.8 million by 2030.
- The South Korea market is expected to grow at a CAGR of 6.5% from 2025 to 2030.
- In terms of segment, industrial was the largest revenue generating application in 2024.
- Industrial is the most lucrative application segment registering the fastest growth during the forecast period.
Surge arrester market data book summary
| Market revenue in 2024 | USD 58.5 million |
| Market revenue in 2030 | USD 84.8 million |
| Growth rate | 6.5% (CAGR from 2025 to 2030) |
| Largest segment | Industrial |
| Fastest growing segment | Industrial |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Industrial, Utility, Commercial, Residential |
Other key industry trends
- In terms of revenue, South Korea accounted for 3.2% of the global surge arrester market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China surge arrester market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 367.2 million by 2030.
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Surge Arrester Market Scope
Surge Arrester Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Megger | View profile | 5001-10000 | Kent, Kent, United Kingdom, Europe | http://www.megger.com/ |
| Circutor | View profile | - | Barcelona, Catalonia, Spain, Europe | http://www.circutor.com/ |
| Ingeteam | View profile | 1001-5000 | Zamudio, Pais Vasco, Spain, Europe | https://www.ingeteam.com/ |
| Hubbell Incorporated | View profile | 10001+ | Shelton, Connecticut, United States, North America | https://www.hubbell.com/ |
| Eaton Corp PLC | View profile | 94000 | 30 Pembroke Road, Eaton House, Dublin, Ireland, D04 Y0C2 | https://www.eaton.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
| GE HealthCare Technologies Inc Common Stock | View profile | 51000 | 500 West Monroe Street, Chicago, IL, United States, 60661 | https://www.gehealthcare.com |
South Korea surge arrester market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to surge arrester market will help companies and investors design strategic landscapes.
Industrial was the largest segment with a revenue share of 48.03% in 2024. Horizon Databook has segmented the South Korea surge arrester market based on industrial, utility, commercial, residential covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of surge arrester market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea surge arrester market , including forecasts for subscribers. This country databook contains high-level insights into South Korea surge arrester market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea Application - Surge Arrester Market size, 2024 - 2030 (US$M)
South Korea Surge Arrester Market Outlook Share, 2024 & 2030 (US$M)
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