Market Size for Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V in Colombia - 2022
Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V Consumption in Colombia - 2022
In 2022, the amount of lightning arresters, voltage limiters and surge suppressors for over 1000 v consumed in Colombia reduced sharply to 994K units, which is down by -38.7% compared with the year before. Overall, consumption recorded a slight shrinkage. As a result, consumption reached the peak volume of 1.6M units, and then reduced notably in the following year.
The size of the market for lightning arresters, voltage limiters and surge suppressors for over 1000 v in Colombia reduced sharply to $6.2M in 2022, shrinking by -30.9% 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, the total consumption indicated a slight expansion from 2017 to 2022: its value increased at an average annual rate of +1.3% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $8.9M, and then contracted dramatically in the following year.
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