Market Size for Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V in Nepal - 2022
Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V Consumption in Nepal - 2022
For the fourth consecutive year, Nepal recorded growth in consumption of lightning arresters, voltage limiters and surge suppressors for over 1000 v, which increased by 129% to 121K units in 2022. In general, consumption, however, recorded a pronounced slump. Over the period under review, consumption of reached the maximum volume at 145K units in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.
The value of the market for lightning arresters, voltage limiters and surge suppressors for over 1000 v in Nepal skyrocketed to $2.2M in 2022, with an increase of 125% 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, however, showed a pronounced descent. Consumption of peaked at $2.5M in 2017; however, from 2018 to 2022, consumption failed to regain momentum.
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