Market Size for Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V in Chile - 2022
Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V Consumption in Chile - 2022
For the fifth consecutive year, Chile recorded decline in consumption of lightning arresters, voltage limiters and surge suppressors for over 1000 v, which decreased by -35.2% to 324K units in 2022. In general, consumption faced a deep downturn. The most prominent rate of growth was recorded in 2018 when the consumption volume decreased by -3.2%. Consumption of peaked at 750K units in 2017; however, from 2018 to 2022, consumption failed to regain momentum.
The revenue of the market for lightning arresters, voltage limiters and surge suppressors for over 1000 v in Chile dropped rapidly to $3.6M in 2022, falling by -23% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers margins, which will be included in the final consumer price). Over the period under review, consumption showed a abrupt curtailment. As a result, consumption attained the peak level of $6.8M. From 2019 to 2022, the growth of the market failed to regain momentum.
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