The global surge arrester market is projected to reach USD 1.9 billion by 2025 from an estimated USD 1.5 billion in 2020, at a CAGR of 4.9%

New York, Jan. 18, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Surge Arrester Market by Type, Voltage, Class, End-User, Application and Region – Global Forecast to 2025” – https://www.reportlinker.com/p05373322/?utm_source=GNW
These investments, along with investments to replace aging electric infrastructure in North America and Europe are expected to create the demand for surge arrester market. However, Due to the COVID-19 pandemic, local currencies of many countries have depreciated. There is a misalignment of supply and demand, leading to financial losses for components/parts manufacturers. Key components used in manufacturing surge arresters are procured typically in US dollars, which results in increased component cost, which is likely to hamper the growth of the surge arrester market.
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(GlobeNewsWire)

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