Global Surge Protection Devices Market, By Type (Hard Wired Surge Protection Devices, Plug in Surge Protection Devices, Line Cord Surge Protectors, Power Control Devices Surge Protection Devices), End- User (Industrial, Commercial, Residential), Discharge Current (Below 10 kA, 10 kA–25 kA, Above 25 kA), Component (Metal Oxide Varisto, Gas Discharge Tube, Silicon Avalanche Diode, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa)- Industry Trends and Forecast to 2029
Market Analysis and Insights of Surge Protection Devices Market
Surge protection devices market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the surge protection devices market to exhibit a CAGR of 5.50% for the forecast period of 2022 to 2029.
A power surge is basically a significant increase in voltage above the normal designated level and when power voltage rises above the standard voltage, it can damage the electronic equipment. The surge protection devices are basically the devices that allow multiple components to plug into a single power socket. These devices protect the electronic equipment from any damage.
The increasing demand for protection system for electronic devices, rising power quality issues and growing demand for safety of people at workplace will emerge as the major factor driving market growth. Furthermore, the increasing energy alternatives programs, increase in demand for advanced surge protected goods and increasing usage of electrical and electronics appliances industrial and residential sector will further aggravate the market value. However, requirement of additional costs for installation act as a restraint for the market.
In addition to this, rapid industrialization and power supply in developing areas and protection system for high technological equipment adopted in emerging economies are estimated to create new opportunities for growing the market within the forecast period. The implementation of partial or complete lockdown across various countries result as a challenge for the market.
This surge protection devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on surge protection devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Surge Protection Devices Market Scope and Market Size
The surge protection devices market is segmented on the basis of type, end- user, discharge current and component. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the surge protection devices market is segmented into hard wired surge protection devices, plug in surge protection devices, line cord surge protectors and power control devices surge protection devices.
- On the basis of end- users, the surge protection devices market is segmented into industrial, commercial and residential.
- On the basis of discharge current, the surge protection devices market is divided into below 10 kA, 10 kA–25 kA and above 25 kA.
- The surge protection devices market is also segmented on the basis of component as metal oxide varisto, gas discharge tube, silicon avalanche diode and others.
Surge Protection Devices Market Country Level Analysis
The surge protection devices market is analyzed and market size, volume information is provided by type, end- user, discharge current and component as referenced above.
The countries covered in the surge protection devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific region dominates the surge protection devices market due to increasing number of smart cities and increasing investment in the smart grid technologies is expected to enhance the market growth in the region. North America region is projected to undergo substantial during the forecast period as U.S. is the second largest worldwide exporter of these products and growing usage of electrical equipment.
The country section of the surge protection devices the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Surge Protection Devices Market Share Analysis
The surge protection devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to surge protection devices market.
Some of the major players operating in the surge protection devices market report are Zhejiang Yuelong Electric Co., Ltd, True Power Earthings Private Limited., Havells India Ltd., ABB, Schneider Electric, Cirprotec, S.L., Eaton, Littelfuse, Inc., MERSEN, Bourns, Inc., Infineon Technologies AG, JEF Techno, City of PHOENIX, Emerson Electric Co., Siemens, Belkin International, Inc., Leviton Manufacturing Co., Inc., Nortek Control, Raycap, Hubbell, LegrandGroup, Koninklijke Philips N.V., JMV LPS Limited, and ISG Globals among others.
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