Market Size for Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V in the Philippines - 2022
Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V Consumption in the Philippines - 2022
In 2022, consumption of lightning arresters, voltage limiters and surge suppressors for over 1000 v was finally on the rise to reach 439K units for the first time since 2017, thus ending a four-year declining trend. Overall, consumption, however, saw a deep setback. Over the period under review, consumption of attained the maximum volume at 1.1M units in 2017; however, from 2018 to 2022, consumption remained at a lower figure.
The size of the market for lightning arresters, voltage limiters and surge suppressors for over 1000 v in the Philippines contracted to $6.1M in 2022, with a decrease of -5.2% 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). In general, consumption, however, continues to indicate a deep contraction. Consumption of peaked at $9.3M in 2017; however, from 2018 to 2022, consumption remained at a lower figure.
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