The global export market for lightning arresters and voltage or surge limiters of 1 kV and more is primarily led by Germany, China, and the United States, making up the majority of the export share. In 2023, Germany maintained moderate growth at 0.5%, while China showed robust growth of 3.25%. The United States experienced a slight decline of 0.12%. Other noteworthy performers include Switzerland with a strong 4.11% increase and Bulgaria with significant growth of 5.6%. Meanwhile, Italy faced a substantial downturn of approximately 40%.
Factors such as technological advancements and the emphasis on energy infrastructure upgrades are expected to drive future market dynamics. Countries like Germany and China are likely to continue dominating exports, while emerging economies may increase their market share through strategic investments and collaborations in smart grid initiatives.
Top countries in Export of Lightning Arresters & Voltage or Surge Limiters of 1 kV and More Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 19.57 | 2023 | +1.24% | +0.5% | View data |
| 2 | 2 China | 17.85 | 2023 | +3.13% | +3.25% | View data |
| 3 | 3 United States | 14.25 | 2023 | -0.37% | -0.12% | View data |
| 4 | 4 Switzerland | 8.72 | 2023 | +3.38% | +4.11% | View data |
| 5 | 5 France | 5.73 | 2023 | -2.26% | -3.17% | View data |
| 6 | 6 Sweden | 5.5 | 2023 | -1.89% | -0.94% | View data |
| 7 | 7 Mexico | 4.07 | 2023 | +4.99% | +4.81% | View data |
| 8 | 8 Singapore | 3.1 | 2023 | +4.19% | +3.05% | View data |
| 9 | 9 United Kingdom | 2.96 | 2023 | +1.71% | +0.82% | View data |
| 10 | 10 Spain | 2.25 | 2023 | +1.62% | +1.66% | View data |
