forecast period due to the increasing demand for electronic appliances
in households across the globe.
The market of surge arresters in primarily being driven due to the
changing lifestyle of the working population, and the increasing
disposable income, which is creating a need for automated electronic
products to reduce their household works. This in return is creating a
demand for protecting these devices from voltage fluctuations. This
need is fueling the growth for surge arresters market. Furthermore, the
growing awareness for need of renewable energy sources is also
acting as a driver for the market. Emerging nations such as India and
China is witnessing the development of power plants which will be
generating energy by using renewable sources of energy such as sun,
water and wind. This factor is creating the need for surge arresters in