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Surge Arrester is device that protects electrical power system from damage caused by lightning and switching effects Market Analysis  The global surge arrester market is predicted to develop at a 5.5% CAGR between 2018- 2023, states the recent Market Research Future (MRFR) analysis. Surge arresters, simply put, are used for protecting machineries and appliances from damages resulting from sudden voltage surges. It is also popularly known as a surge protection device and transient voltage surge suppressor.  Various factors are propelling the global  surge arrester market share . According to the recent MRFR report, such factors include growing demand for electrical appliances, boost in power generation, deployment of electrical equipment, replacement of existing infrastructure of power with that of new, and growing demand for power generation. Additional factors adding market growth include expanding smart grid network, growing investments in transmission & distributio...