Pre-order Enquiry
Request Free Sample
Healthcare
Aerospace & Defence
Agriculture
Automations
Chemicals & Advanced Materials
Food & Beverages
Information & Communication Technology
Oil & Gas
Power & Energy
According to Stratistics MRC, the Global Surge Protection Devices Market is valued at $2.51 billion in 2016 and is expected to reach $4.08 billion by 2023 growing at a CAGR of 7.1% from 2016 to 2023. Surge protection devices permit several elements to plug into a single power socket. The market is anticipated to observe reasonable development during the forecast period due to the improving demand for Surge Protection Devices over various application sectors including residential, industrial, and commercial sectors. Demand for better quality power, recent technological developments in surge protection devices, and favorable government regulations are driving the market growth. On the other hand, high cost for devices is hindering the market growth.
By end user, industry segment is dominating the market with higher revenue during the forecast period. Massive usage of heavy machineries, and need for better operational efficiency are the factors boosting the industry segment growth. By region, North America is expected to dominate the global surge protection devices market during the forecast period due to fast development in industries. However, Asia Pacific is estimated to have fastest growth rate in the global market, followed by Europe. Improving demands for microwaves, computers, and other electrical products is expected to sustain market growth during the forecast period. Emerging economies such as India and China are anticipated to exhibit significant growth in the surge protection devices market over the next six years.
Some of the key players in the market include ABB Ltd., Advanced Protection Technologies Inc., Belkin International, Crompton Greaves, Eaton, Emerson Electric Co., ERICO International Corporation, General Electric, Leviton, Littlefuse, Phoenix Contact GmbH, Raycap Corporation S.A., Schneider Electric SE, Siemens AG and Tripp Lite.
Device Types Covered:
• Plug-In Devices
• Power Control Center
• Hard Wired Devices
• Line Cord Devices
Components Covered:
• Gas Discharge Tube
• Silicon Avalanche Diode
• Metal Oxide Varistor
• Other Components
Protection Types Covered:
• Neutral to Ground
• Line to Ground
• Line to Neutral
Power Rating Modes covered:
• 200.1 kA and Above
• 100.1 - 200 kA
• 50.1 - 100 kA
• 0-50 kA
End Users Covered:
• Commercial
• Residential
• Industrial
• Medical
• Data Center
• Telecommunication
• Transportation
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
By end user, industry segment is dominating the market with higher revenue during the forecast period. Massive usage of heavy machineries, and need for better operational efficiency are the factors boosting the industry segment growth. By region, North America is expected to dominate the global surge protection devices market during the forecast period due to fast development in industries. However, Asia Pacific is estimated to have fastest growth rate in the global market, followed by Europe. Improving demands for microwaves, computers, and other electrical products is expected to sustain market growth during the forecast period. Emerging economies such as India and China are anticipated to exhibit significant growth in the surge protection devices market over the next six years.
Some of the key players in the market include ABB Ltd., Advanced Protection Technologies Inc., Belkin International, Crompton Greaves, Eaton, Emerson Electric Co., ERICO International Corporation, General Electric, Leviton, Littlefuse, Phoenix Contact GmbH, Raycap Corporation S.A., Schneider Electric SE, Siemens AG and Tripp Lite.
Device Types Covered:
• Plug-In Devices
• Power Control Center
• Hard Wired Devices
• Line Cord Devices
Components Covered:
• Gas Discharge Tube
• Silicon Avalanche Diode
• Metal Oxide Varistor
• Other Components
Protection Types Covered:
• Neutral to Ground
• Line to Ground
• Line to Neutral
Power Rating Modes covered:
• 200.1 kA and Above
• 100.1 - 200 kA
• 50.1 - 100 kA
• 0-50 kA
End Users Covered:
• Commercial
• Residential
• Industrial
• Medical
• Data Center
• Telecommunication
• Transportation
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
