Surge Protection Devices Market by Type (Hard Wired Surge Protection Devices, Plug In Surge Protection Devices, Line Cord Surge Protectors and Power Control Devices Surge Protection Devices), Discharge Current (Above 25 Ka, 10ka–25 Ka and Below 10 Ka), End-User, Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2020 to 2027

  • Publish Date: Sep, 2020
  • Report ID: 418939
  • Category: Energy & Power
  • Pages: 160
$4700

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

  • Hard Wired Surge Protection Devices
  • Plug In Surge Protection Devices
  • Line Cord Surge Protectors 
  • Power Control Devices Surge Protection Devices

Global Surge Protection Devices Market Analysis and Forecast, By Discharge Current

  • Above 25 Ka
  • 10ka–25 Ka 
  • Below 10 Ka

Global Surge Protection Devices Market Analysis and Forecast, By End-User

  • Industrial
  • Commercial
  • Residential

Global Surge Protection Devices Market Analysis and Forecast, By Regional Analysis 

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Sweden
    • Netherland
    • U.K.
    • Italy
    • Spain
    • Turkey
    • Switzerland
    • Belgium
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest of APAC
  • South America
    • Brazil
    • Argentina
    • Peru
    • Colombia
    • Rest of South America
  • Middle East and Africa
    • UAE
    • Saudi Arabia
    • Egypt
    • Nigeria
    • South Africa
    • Rest of MEA

Report Description:

  • The base year for the study has been considered 2019, historic year 2017 and 2018 and, the forecast period considered is from 2020 to 2027. 
  • The study delivers a comprehensive analysis of the global surge protection devices market by type, component, and regions. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2020 to 2027.
  • Porter’s Five Forces model is used in order to recognize the competitive scenario in the global surge protection devices market. This report incorporates the industry analysis which is focused on providing an extensive view of the surge protection devices market.
  • The study also includes attractiveness analysis of type, component, and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
  • The report provides company profile of the key players operating in the surge protection devices market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
  • The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.

TABLE OF CONTENTS
1.    INTRODUCTION 
1.1.    OBJECTIVES OF THE STUDY 
1.2.    MARKET DEFINITION 
1.3.    RESEARCH SCOPE 
1.4.    CURRENCY 
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.    DRIVERS
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.    RESTRAINTS
3.3.1.    SURGE PROTECTION DEVICES ONLY PROVIDE PROTECTION FROM VOLTAGE SPIKES AND SURGES
3.3.2.    ADDITIONAL COST FOR INSTALLATION
3.4.    OPPORTUNITIES
3.4.1.    PROTECTION SYSTEM FOR HIGH TECHNOLOGICAL EQUIPMENT ADOPTED IN EMERGING ECONOMIES
3.5.    CHALLENGES
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
6.2.    INDUSTRIAL
6.3.    COMMERCIAL
6.4.    RESIDENTIAL
7.    GLOBAL SURGE PROTECTION DEVICES MARKET ANALYSISAND FORECAST, BY REGIONAL ANALYSIS
7.1.    SEGMENT OVERVIEW
7.2.    NORTH AMERICA
7.2.1.    U.S.
7.2.2.    CANADA
7.2.3.    MEXICO
7.3.    EUROPE
7.3.1.    GERMANY
7.3.2.    FRANCE
7.3.3.    SWEDEN
7.3.4.    NETHERLANDS
7.3.5.    U.K.
7.3.6.    ITALY
7.3.7.    SPAIN
7.3.8.    TURKEY
7.3.9.    SWITZERLAND
7.3.10.    BELGIUM
7.3.11.    REST OF EUROPE
7.4.    ASIA-PACIFIC
7.4.1.    JAPAN
7.4.2.    CHINA
7.4.3.    INDIA
7.4.4.    SOUTH KOREA
7.4.5.    AUSTRALIA
7.4.6.    SINGAPORE
7.4.7.    MALAYSIA
7.4.8.    THAILAND
7.4.9.    INDONESIA
7.4.10.    PHILIPPINES
7.4.11.    REST OF ASIA PACIFIC
7.5.    SOUTH AMERICA
7.5.1.    BRAZIL
7.5.2.    ARGENTINA
7.5.3.    PERU
7.5.4.    COLOMBIA
7.5.5.    REST OF SOUTH AMERICA
7.6.    MIDDLE EAST AND AFRICA
7.6.1.    SAUDI ARABIA
7.6.2.    UAE
7.6.3.    EGYPT
7.6.4.    NIGERIA
7.6.5.    SOUTH AFRICA
7.6.6.    REST OF  MIDDLE EAST AND AFRICA
8.    GLOBAL SURGE PROTECTION DEVICES MARKET-COMPETITIVE LANDSCAPE 
8.1.    OVERVIEW 
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
8.3.4.    EXPANSIONS
9.    COMPANY PROFILES
9.1.    ABB, LTD.
9.1.1.    BUSINESS OVERVIEW
9.1.2.    COMPANY SNAPSHOT
9.1.3.    KEY FINANCIAL ANALYSIS
9.1.3.1.    REVENUE ANALYSIS
9.1.3.2.    MARGIN ANALYSIS
9.1.3.3.    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
9.12.    PANAMAX
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.
9.20.    MAXIVOLT
9.21.    KONINKLIJKE PHILIPS N.V.
9.22.    MCG SURGE PROTECTION
9.23.    JMV
9.24.    ISG GLOBAL
 

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

Please fill the form below, to recieve the report sample


+1

Our Clients

Some Facts about Fior Markets

1%

Free Customization

1+

Countries can be added on demand

1

Free yearly update on purchase of Multi/Corporate User License

1+

Companies served till date

Customized Research Programme
Premium Customer Service

We serve our customers 24x7 for 365 days through calls, emails and live chat options.

Syndicated market research
Exceptional Market Report

Huge database of exceptional market reports bringing market intelligence to your fingertips.

Domain Specific Analytics
Secured Payment Options

SSL enabled, we offer you various secured payment options for risk free purchase.