Market Size for Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V in the Dominican Republic - 2022
Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V Consumption in the Dominican Republic - 2022
Consumption of lightning arresters, voltage limiters and surge suppressors for over 1000 v in the Dominican Republic contracted significantly to 98K units in 2022, reducing by -30.8% on 2021 figures. Overall, consumption saw a significant decline. The most prominent rate of growth was recorded in 2019 when the consumption volume increased by 7% against the previous year. Consumption of peaked at 383K units in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.
The size of the market for lightning arresters, voltage limiters and surge suppressors for over 1000 v in the Dominican Republic reduced sharply to $896K in 2022, falling by -20% 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 recorded a precipitous setback. The pace of growth was the most pronounced in 2019 with an increase of 3.7% against the previous year. Consumption of peaked at $2.8M in 2017; however, from 2018 to 2022, consumption remained at a lower figure.
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