Surge Arrester Market to Exceed $2.01 Billion by 2023
The global surge arrester market is projected to grow from an estimated USD 1.56 Billion in 2018 to USD 2.01 Billion by 2023, at a CAGR of 5.11% from 2018 to 2023. The positive growth rate of this market can be attributed to investments in smart grids and energy systems, the need to reduce equipment failure caused by frequent voltage spikes, and aging power infrastructure.
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