The latest research report on Surge Protection Devices Market delivers a comprehensive study on current market trends. The outcome also includes revenue forecasts, statistics, market valuations which illustrate its growth trends and competitive landscape as well as the key players in the business.
Global Surge Protection Devices Market is Valued at USD 2.33 Billion in 2018 and Expected to Reach USD 3.46 Billion by 2025 with the CAGR of 5.86% Over the Forecast Period.
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Scope of Global Surge Protection Devices Market
The surge protector act as a gatekeeper and protect the electronic appliance by blocking the voltage spike. The surge protector allows limited access of electric voltage to electric devices at which devices can operate safely. High voltage is responsible for failure of electric devices. Smaller surge such transient over-voltage surges are seen many time because of electrical accidents, direct/indirect effects of lightning strikes, turning on/off of nearby heavy load machines, switching of utility grid or capacitor banks, AC chillers, motors, pumps, and circuit-breaker tripping among others that steadily erodesthe electrical parts of devices.Also, there are significant changes in climatic condition across the globe as the result of global warming. These changes are responsible forincreased lighting incidences that cause surges. Surges can cause destruction of electronic circuitry components may led to loss of operation, loss of service, loss of data, and loss of production which can be huge than the cost of damaged equipment.Thus, demand of surge protectorsis increasing to safeguard electrical equipment from uncertain consequences.
Global Surge Devices MarketReport is segmented based upon by type, discharge current, end users & by regional and country level.Based upon type market is segmented into hard-wired, plug-in and line cord among others. Based upon discharge current the market is segmented into below 10 kA, 10 kA–25 kA and above 25 kA. By end usersthe market is segmented into industrials, commercials, and residential.
The Regions covered in this Global Surge Devices MarketReport are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, Global Surge Protection Devices Market is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players in Global Surge Protection Devices MarketReport-
Global Surge Protection Devices Market Report covers prominent players like ABB, Ltd., Siemens AG,Littelfuse, Schneider Electric SE, Emerson Electric Company, and Eaton Corporation, Plc.among others.
Littelfuse Introduced New SPD2 Type 2 Surge Protection Device
News: On June 2019, the key player inGlobal Surge Protection Devices Market, Littelfuse introduced the new SPD2 series of Type 2 surge protection devices.Littelfuse is the global manufacturer of leading technologies in power control, circuit protection, and sensing. It’s DPD2 series uses power distribution or branch circuits to safeguards electrical devices from surges by limiting the fault current, transient overvoltage, or power surges. SPD2 series is available in wide range of operating voltages including DC power for solar applications, electrical loads, power distribution, industrial controls, computers and communications as well as HVAC or medical equipment.
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Global Surge Protection Market Dynamics –
Globally rising demand for protection system in electronic products and the adoption of alternative energy programs are the major factors driving the growth of the market.Upsurge in usage of electrical devices and increasing demand for end customers for stability of the power supplycatalyzing the importance of improving the reliability and power quality levels of electric systems. As Surge protection can save expensive electronic devices and dependent services and data which may cost more than device itself. As per the Consumer Electronics Association (CEA) the total industry revenues across the globe was USD 211.3 billion in 2015.Rises in per capita GDP and growing economies results in upsurge in demand for technological and sophisticated electronic appliances such as personal computers, LED televisions, printers, and industrial control equipment such as PLCs, washing machines, microwaves, and alarms across the world, these are some prime parameters that are driving the global surge protection devices market. However, common surge protection devices will stop voltage spikes and surges, but it is not capable to protect from violent, catastrophic burst of current from a close lightning strike which may affect the growth of market.
Rise of population in Asia Pacific region and increasing economic developments as well as growing industrialization results in increase in disposable income, the standard of living has improved may providelucrative opportunities in the forecast period.
Global Surge Protection Device MarketRegional Analysis –
North America is dominating the Global Surge Protection DevicesMarket followed by Europe.There aregreat awareness of the benefits of surge protection device and good per capita income in the U. S. states such as Florida, Louisiana, Mississippi, and Alabama. Also, The U.S. is the 2nd largest exporter in Surge Protection Devices in the world with an 8% share of total exports. The surge protection device market is expected to grow at significant pace faster in Asia-Pacific region which is mainly due to rapidly developing countries such as China and India. China and India are the potential growing market in power and utilities sector and attracts directs foreign investment about 45% in the region. Also, rises in demand of smart grid technologies and smart cities that include distribution grid automation, demand response smart meters and systems in countrieslike India, China, Japan, Australia and South Korea creating opportunities for the surge protection devices market.
Key Benefits for Global Surge Protection DevicesMarket Reports –
Global Market report covers in depth historical and forecast analysis.
Global Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global Market report helps to identify opportunities in marketplace.
Global Market report covers extensive analysis of emerging trends and competitive landscape.
Global Surge Protection Devices Market Segmentation –By Type:
By Discharge Current:
Below 10 kA
10 kA–25 kA
Above 25 kA
By End Users:
By Regional & Country Analysis:
The Middle East and Africa
Rest of Middle East and Africa
Table of Content
1 Study Coverage
1.1 Surge Protection Devices Product
1.2 Key Market Segments in This Study
1.3 Key Manufacturers Covered
1.4 Market by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Executive Summary
1 Global Surge Protection Devices Market Size
2.2 Surge Protection Devices Growth Rate (CAGR) 2020-2025
2.3 Analysis of Competitive Landscape
2.4 Key Trends for Surge Protection Devices Markets & Products
3 Market Size by Manufacturers
3.1 Surge Protection Devices Production by Manufacturers
3.2 Surge Protection Devices Revenue by Manufacturers
3.4 Mergers & Acquisitions, Expansion Plans
4 Surge Protection Devices Production by Regions
4.1 Global Surge Protection Devices Production by Regions
4.2 North America
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