Market Size for Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V in New Zealand - 2022
Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V Consumption in New Zealand - 2022
For the third year in a row, New Zealand recorded decline in consumption of lightning arresters, voltage limiters and surge suppressors for over 1000 v, which decreased by -9.6% to 76K units in 2022. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak volume of 91K units. From 2020 to 2022, the growth of the consumption of failed to regain momentum.
The value of the market for lightning arresters, voltage limiters and surge suppressors for over 1000 v in New Zealand declined to $1.4M in 2022, with a decrease of -8.9% 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). The market value increased at an average annual rate of +3.5% from 2017 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $1.5M in 2021, and then contracted in the following year.
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