The global market for surge protection devices is expected to witness significant growth through the forecast period with steady growth in construction and rising demand for expensive electronic devices. In addition, growing industrialization and growth in commercial sector is also expected to support the demand for surge protection devices. All these factors represent a positive outlook for trade partners across the value chain of surge protection devices industry.
The report includes exhaustive analysis of market fueling and limiting factors related to surge protection. The report also includes global as well as regional technology, demand-supply, pricing and consumption trends. The study also includes high level analysis such as attractive analysis, market competitive analysis, value chain analysis and PESTEL. High level analysis would help market players and trade partners to formulate their strategies in competitive environment.
In addition, the report provides market estimates and forecast of different type of surge protection devices and its market size in application segment in terms revenue (US$ Bn). This market is segmented on the basis of type, application, voltage capacity and region. The study also includes cross sectional analysis on the regional basis i.e. regional market size by product, application and voltage capacity. This study includes market historical market size (2019 & 2020), market estimate (2021) and forecast for the period 2016 - 2029 in terms of revenue. The report also includes market estimates and forecast of surge protection devices market for major countries.
The study includes company profiles of major players in the global surge protection industry. Company profiles provide exhaustive information of product portfolio, business strategies, new production developments, mergers and acquisitions and regional positioning of key surge protection suppliers in the global market. The report also includes in-depth analysis about degree of competition and positioning of key surge protection devices suppliers along with their market winning strategies.
Line chord is the most attractive segment in the global surge protection devices market. Standard line chord surge protector has 6 or 8 outlet which allows protecting multiple equipment from surge voltage using single device. Growing demand for high technology appliances such as home entertainment systems and personal computers is growing rapidly with rising income level across the world. These high technology devices are highly sensitive to even smaller voltage fluctuation. This is increasing the demand for line chord surge protection devices to protect these devices from transient voltage. In addition, growing digitization in commercial sector and increasing importance of power management is driving the demand for line chord surge protectors.
Hard wired surge protection devices segment is the next attractive segment for surge protection devices suppliers. These devices are commonly used in circuit breaker panel and protect all the devices connected in the electric system. Growing residential and commercial construction projects are expected spur the demand for hard wired surge protection devices throughout the forecast period. The global urban population is expected to grow approximately 1.65% per year between 2016 and 2023 which is expected to increase number residential projects. New houses will require power management and surge protection devices to protect electrical equipment in house. This represents a huge potential market for hard wired surge protection devices.
Industrial end use segment accounted for the largest revenue share in 2020 and expected to maintain its dominating position with growing industrialization in emerging economies across the world. Due to large untapped market and less number of domestic manufacturers several multinational automobile manufacturers, pharmaceutical companies and others have expanded their operations in emerging economies such as India, China, Brazil and Russia. Increasing automation in both manufacturing and processing industry has increased the demand for electrical industrial machineries and equipments in these countries. Increasing need to protect electric equipment from surge and provide consistent service to their customers is expected to spur the demand for surge protection devices. This is increasing the demand for surge protection devices in commercial sectors including IT, Telecommunication and others. The market for high technology home appliance and electronic equipment is growing rapidly cross the world with increasing number of middle class families and their income level. To protect these expensive equipment from surge damages consumers are investing in surge protection devices. With growing demand for high technology electronics equipment such as LED and LCD TVs, HVAC equipment and personal computer among others the market for surge protection devices is also expected to see a considerable growth through the forecast period.
The global Surge Protection Devices market is classified into four major regions i.e. North America, Europe, Asia Pacific and Rest of the World (RoW). The Rest of the surge protection devices market is further classified into South America, Africa and Middle East.
Asia Pacific is the largest as well as the most lucrative regional market for Surge Protection Devices. Rising demand for sophisticated electronic devices in India, China and Southeast Asia is the primary factor attributed to the growth of surge protection devices in Asia Pacific. North America and Europe are also expected to see a significant demand for surge protection devices with recovering construction industry and steadily increasing sale of high end electronic devices. Middle and Latin America are also predicted to witness considerable growth with increasing income level and rising demand for electronic devices in this region.
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The report includes exhaustive analysis of market fueling and limiting factors related to surge protection. The report also includes global as well as regional technology, demand-supply, pricing and consumption trends. The study also includes high level analysis such as attractive analysis, market competitive analysis, value chain analysis and PESTEL. High level analysis would help market players and trade partners to formulate their strategies in competitive environment.
In addition, the report provides market estimates and forecast of different type of surge protection devices and its market size in application segment in terms revenue (US$ Bn). This market is segmented on the basis of type, application, voltage capacity and region. The study also includes cross sectional analysis on the regional basis i.e. regional market size by product, application and voltage capacity. This study includes market historical market size (2019 & 2020), market estimate (2021) and forecast for the period 2016 - 2029 in terms of revenue. The report also includes market estimates and forecast of surge protection devices market for major countries.
The study includes company profiles of major players in the global surge protection industry. Company profiles provide exhaustive information of product portfolio, business strategies, new production developments, mergers and acquisitions and regional positioning of key surge protection suppliers in the global market. The report also includes in-depth analysis about degree of competition and positioning of key surge protection devices suppliers along with their market winning strategies.
The global surge protection devices market is classified into following categories:
- By Type
- Low Voltage
- High Voltage
- Application
- Residential
- Commercial
- Industrial
- Type
- Plug-in Surge Protection Device
- Hard Wired Surge Protection Device
- Line Chord Surge Protection Device
- Power Control Device
- By Region
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australasia
- Rest of Asia Pacific
- Rest of the World
- Latin America
- Middle East and Africa
On the basis of type we have classified surge protection devices market into following categories:
- Plug-in Surge Protection Device
- Hard Wired Surge Protection Device
- Line Chord Surge Protection Device
- Power Control Device
Line chord is the most attractive segment in the global surge protection devices market. Standard line chord surge protector has 6 or 8 outlet which allows protecting multiple equipment from surge voltage using single device. Growing demand for high technology appliances such as home entertainment systems and personal computers is growing rapidly with rising income level across the world. These high technology devices are highly sensitive to even smaller voltage fluctuation. This is increasing the demand for line chord surge protection devices to protect these devices from transient voltage. In addition, growing digitization in commercial sector and increasing importance of power management is driving the demand for line chord surge protectors.
Hard wired surge protection devices segment is the next attractive segment for surge protection devices suppliers. These devices are commonly used in circuit breaker panel and protect all the devices connected in the electric system. Growing residential and commercial construction projects are expected spur the demand for hard wired surge protection devices throughout the forecast period. The global urban population is expected to grow approximately 1.65% per year between 2016 and 2023 which is expected to increase number residential projects. New houses will require power management and surge protection devices to protect electrical equipment in house. This represents a huge potential market for hard wired surge protection devices.
We have considered following surge protection devices to estimate overall market size:
- Residential
- Commercial
- Industrial
Industrial end use segment accounted for the largest revenue share in 2020 and expected to maintain its dominating position with growing industrialization in emerging economies across the world. Due to large untapped market and less number of domestic manufacturers several multinational automobile manufacturers, pharmaceutical companies and others have expanded their operations in emerging economies such as India, China, Brazil and Russia. Increasing automation in both manufacturing and processing industry has increased the demand for electrical industrial machineries and equipments in these countries. Increasing need to protect electric equipment from surge and provide consistent service to their customers is expected to spur the demand for surge protection devices. This is increasing the demand for surge protection devices in commercial sectors including IT, Telecommunication and others. The market for high technology home appliance and electronic equipment is growing rapidly cross the world with increasing number of middle class families and their income level. To protect these expensive equipment from surge damages consumers are investing in surge protection devices. With growing demand for high technology electronics equipment such as LED and LCD TVs, HVAC equipment and personal computer among others the market for surge protection devices is also expected to see a considerable growth through the forecast period.
The global Surge Protection Devices market is classified into four major regions i.e. North America, Europe, Asia Pacific and Rest of the World (RoW). The Rest of the surge protection devices market is further classified into South America, Africa and Middle East.
In addition, we have covered following major countries in each regional market:
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australasia
- Rest of Asia Pacific
- Rest of the World
- Latin America
- Middle East and Africa
Asia Pacific is the largest as well as the most lucrative regional market for Surge Protection Devices. Rising demand for sophisticated electronic devices in India, China and Southeast Asia is the primary factor attributed to the growth of surge protection devices in Asia Pacific. North America and Europe are also expected to see a significant demand for surge protection devices with recovering construction industry and steadily increasing sale of high end electronic devices. Middle and Latin America are also predicted to witness considerable growth with increasing income level and rising demand for electronic devices in this region.
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Table of Contents
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Market Dynamics
Chapter 4 Surge Protection Devices Market by Product Type
Chapter 5 Surge Protection Devices Market by Application
Chapter 6 Global Surge Protection Devices Market by Voltage Capacity
Chapter 7 North America Surge Protection Devices Market Analysis
Chapter 8 Europe Surge Protection Devices Market Analysis
Chapter 9 Asia Pacific Surge Protection Devices Market Analysis
Chapter 10 Rest of the World (RoW)Surge Protection Devices Market Analysis
Chapter 11 Company Profiles
Companies Mentioned
- ABB Ltd
- Advanced Protection Technologies Inc.
- Belkin International
- Crompton Greaves
- Eaton
- Emerson Electric Co.
- General Electric
- Leviton.
- Sandvik AB
- Littlefuse
- Tripp Lite
- Schneider Electric SE
- Siemens AG.
