The global surge protection devices market is expected to grow from USD 2.23 billion in 2019 to USD 3.48 billion by 2027, at a CAGR of 5.7% during the forecast period 2020-2027.
A surge protector is a device or appliance designed to prevent electrical devices from voltage spikes. Surge protection devices are used for telephone networks, electric power supply networks, and communication and automatic control buses.
The global surge protection devices market is anticipated to witness significant growth due to rising demand for protection systems for electronic devices, a rise in alternative energy programs, power quality issues, and cost escalation due to frequent equipment failures. While some cost bearing constraints in the installation of surge protection devices are being observed, it is expected that emerging economies will create better opportunities for the surge protection devices market.
This study delivers a comprehensive analysis of type, discharge current, end-user and regions. The research includes growth drivers as well as challenges prevalent in the global surge protection devices market along with the impact they will have on the overall demand during the forecast period. Additionally, the study also includes various opportunities & threats that are present in the surge protection devices market. Based on type, the market has been divided into hard wired surge protection devices, plug in surge protection devices, line cord surge protectors and power control devices surge protection devices. The plug-in SPD segment is anticipated to constitute the largest market over the forecast period. Because its application at various end-user points, demand for plug-in SPDs is the highest among all types of SPDs and the segment is anticipated to dominate the market during the forecast period. On the basis of discharge current, the global market has been segmented into above 25 Ka, 10ka–25 Ka and below 10 Ka. On the basis of end-user, the global market has been segmented into industrial, commercial, and residential. The industrial segment is anticipated to grow at the fastest rate over the forecast period. In order to facilitate remote diagnostics, remote maintenance, and remote data capture, the Industry 4.0 initiative is being applied to vehicles and electrical machinery. Such initiatives have increased the need for servers, data-centres, and communication systems. With the growing use of electronic equipment, the need for protection systems for such critical equipment has been increasing. This is boosting the market for surge protection devices in the industrial segment.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Increased investments in modernizing infrastructure and urbanizing populations, mainly in developing economies such as India and China, is expected to drive the Asia-Pacific surge protection device market. It is expected to grow at the highest CAGR during the forecast period.
Some of the notable players in the surge protection devices market are ABB, Ltd., Advanced Protection Technologies, Inc., Belkin International, Citel, Inc., Eaton Corporation, Plc., Emersen Electric Co., General Electric Company, Hubbell Incorporated, Isg Global, JMV, Koninklijke Philips N.V., Legrand Sa, Leviton Manufacturing Company, Inc., Littelfuse, Inc., Maxivolt, Mcg Surge Protection, Mersen Electrical Power, Panamax, Phoenix Contact Gmbh, Raycap Corporation S.A., Rev Ritter Gmbh, Schneider Electric Se, Siemens Ag and Tripp Lite among others. The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint ventures, alliances, and partnerships to improve their market position in the global surge protection devices industry.
This study predicts revenue growth at global, national, and country levels from 2020 to 2027. Fior Markets has segmented the market based on below-mentioned segments:
Global Surge Protection Devices Market Analysis and Forecast, By Type
Global Surge Protection Devices Market Analysis and Forecast, By Discharge Current
Global Surge Protection Devices Market Analysis and Forecast, By End-User
Global Surge Protection Devices Market Analysis and Forecast, By Regional Analysis
TABLE OF CONTENTS
1.1. OBJECTIVES OF THE STUDY
1.2. MARKET DEFINITION
1.3. RESEARCH SCOPE
1.5. RESEARCH METHODOLOGY AND ASSUMPTIONS
1.6. EXECUTIVE SUMMARY
2. PREMIUM INSIGHTS
2.1. IMPACT OF COVID-19 ON THE MARKET
2.2. TOP INVESTMENT POCKETS
2.2.1. GLOBAL SURGE PROTECTION DEVICES MARKET ATTRACTIVENESS ANALYSIS BY TYPE
2.2.2. GLOBAL SURGE PROTECTION DEVICES MARKET ATTRACTIVENESS ANALYSIS BY DISCHARGE CURRENT
2.2.3. GLOBAL SURGE PROTECTION DEVICES MARKET ATTRACTIVENESS ANALYSIS BY END-USER
2.2.4. GLOBAL SURGE PROTECTION DEVICES MARKET ATTRACTIVENESS ANALYSIS BY REGION
2.3. PORTER’S FIVE FORCES ANALYSIS
2.3.1. THREAT OF NEW ENTRANTS
2.3.2. THREAT OF SUBSTITUTES
2.3.3. BARGAINING POWER OF SUPPLIERS
2.3.4. BARGAINING POWER OF BUYERS
2.3.5. INTENSITY OF COMPETITIVE RIVALRY
2.4. PESTEL ANALYSIS
2.5. INDUSTRY SWOT ANALYSIS
2.6. INDUSTRY TRENDS
2.7. PENETRATION & GROWTH PROSPECT MAPPING
2.8. MACRO & MICRO ECONOMIC FACTORS
2.9. CUSTOMERS/BUYERS ANALYSIS
3. MARKET DYNAMICS
3.1. MARKET EVALUATION
3.2.1. GROWING DEMAND FOR PROTECTION SYSTEMS FOR ELECTRONIC DEVICES
3.2.2. ONGOING POWER QUALITY ISSUES
3.2.3. RISE IN ALTERNATIVE ENERGY PROGRAMS
3.2.4. FREQUENT EQUIPMENT FAILURES DUE TO VOLTAGE SPIKES LEAD TO COST ESCALATIONS
3.3.1. SURGE PROTECTION DEVICES ONLY PROVIDE PROTECTION FROM VOLTAGE SPIKES AND SURGES
3.3.2. ADDITIONAL COST FOR INSTALLATION
3.4.1. PROTECTION SYSTEM FOR HIGH TECHNOLOGICAL EQUIPMENT ADOPTED IN EMERGING ECONOMIES
3.5.1. POOR DESIGN PARAMETERS AND MISLEADING ASSUMPTIONS
3.5.2. INAPPROPRIATE TESTING
3.5.3. FIRE AND SAFETY ISSUES
4. GLOBAL SURGE PROTECTION DEVICES MARKET ANALYSISAND FORECAST, BY TYPE
4.1. SEGMENT OVERVIEW
4.2. HARD WIRED SURGE PROTECTION DEVICES
4.3. PLUG IN SURGE PROTECTION DEVICES
4.4. LINE CORD SURGE PROTECTORS
4.5. POWER CONTROL DEVICES SURGE PROTECTION DEVICES
5. GLOBAL SURGE PROTECTION DEVICES MARKET ANALYSISAND FORECAST, BY DISCHARGE CURRENT
5.1. SEGMENT OVERVIEW
5.2. BELOW 10 KA
5.3. 10 KA–25 KA
5.4. ABOVE 25 KA
6. GLOBAL SURGE PROTECTION DEVICES MARKET ANALYSISAND FORECAST, BY END-USER
6.1. SEGMENT OVERVIEW
7. GLOBAL SURGE PROTECTION DEVICES MARKET ANALYSISAND FORECAST, BY REGIONAL ANALYSIS
7.1. SEGMENT OVERVIEW
7.2. NORTH AMERICA
7.3.11. REST OF EUROPE
7.4.4. SOUTH KOREA
7.4.11. REST OF ASIA PACIFIC
7.5. SOUTH AMERICA
7.5.5. REST OF SOUTH AMERICA
7.6. MIDDLE EAST AND AFRICA
7.6.1. SAUDI ARABIA
7.6.5. SOUTH AFRICA
7.6.6. REST OF MIDDLE EAST AND AFRICA
8. GLOBAL SURGE PROTECTION DEVICES MARKET-COMPETITIVE LANDSCAPE
8.2. MARKET SHARE OF KEY PLAYERS IN GLOBAL SURGE PROTECTION DEVICES MARKET
8.2.1. GLOBAL COMPANY MARKET SHARE
8.2.2. NORTH AMERICA COMPANY MARKET SHARE
8.2.3. EUROPE COMPANY MARKET SHARE
8.2.4. APAC COMPANY MARKET SHARE
8.3. COMPETITIVE SITUATIONS AND TRENDS
8.3.1. PRODUCT LAUNCHES AND DEVELOPMENTS
8.3.2. PARTNERSHIPS, COLLABORATIONS, AND AGREEMENTS
8.3.3. MERGERS & ACQUISITIONS
9. COMPANY PROFILES
9.1. ABB, LTD.
9.1.1. BUSINESS OVERVIEW
9.1.2. COMPANY SNAPSHOT
9.1.3. KEY FINANCIAL ANALYSIS
18.104.22.168. REVENUE ANALYSIS
22.214.171.124. MARGIN ANALYSIS
126.96.36.199. COMPANY SEGMENT ANALYSIS
9.1.4. COMPANY PRODUCT PORTFOLIO
9.1.5. RECENT DEVELOPMENTS
9.1.6. SWOT ANALYSIS
9.2. EATON CORPORATION, PLC.
9.3. EMERSEN ELECTRIC CO.
9.4. SIEMENS AG
9.5. SCHNEIDER ELECTRIC SE
9.6. GENERAL ELECTRIC COMPANY
9.7. LITTELFUSE, INC.
9.8. ADVANCED PROTECTION TECHNOLOGIES, INC.
9.9. BELKIN INTERNATIONAL
9.10. LEVITON MANUFACTURING COMPANY, INC.
9.11. TRIPP LITE
9.13. REV RITTER GMBH
9.14. RAYCAP CORPORATION S.A.
9.15. PHOENIX CONTACT GMBH
9.16. HUBBELL INCORPORATED
9.17. LEGRAND SA
9.18. MERSEN ELECTRICAL POWER
9.19. CITEL, INC.
9.21. KONINKLIJKE PHILIPS N.V.
9.22. MCG SURGE PROTECTION
9.24. ISG GLOBAL
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