Surge Protection Devices Market - Global Industry Analysis

Surge Protection Devices Market: Overview     

The Global Surge Protection Devices Market accounted for USD 2.74 Billion in 2020 and is expected to reach USD 3.77 Billion by 2028, growing at a CAGR of around 4% between 2021 and 2028.      

Increasing power quality issues experienced by the equipment due to the huge electricity flow is anticipated to uplift the merchandise demand over the approaching years. Besides this, surge protection devices help in minimizing the upkeep costs of electronic devices. Furthermore, the swelling purchasing power of consumers in developing countries is anticipated to favorably affect surge protection devices market size. Seemingly, the product is proved effective in voltage spikes & surges, which may adversely impact the surge protection devices market growth within the years ahead. However, an increase in funding of research and development activities happening across the renewable energy sector is predicted to open new growth vistas for the surge protection devices industry within the near future, normalizing the impact of hindrances on the surge protection devices market, reports the surge protection devices market study.

COVID-19 Impact Analysis  

The COVID 19 has affected almost 220 countries and therefore the surge protection devices also. To combat the negative effects, nations opted for lockdowns that have unfavorably affected the surge protection devices. The pandemic results in several challenges to the sector; it's affected everywhere on the planet. Factors just like the supply chain, risk of uninterrupted production, distribution, lack of workforce employees, and much-decreased development activities have primarily affected the continued demand and supply. People aren't as active as earlier owing to the government's new guidelines. Considering future opportunities, MNC’s are investing more in surge protection devices due to the increasing demand from consumer electronics across the world.

Surge Protection Devices Market: Growth Factors

The global market is about to witness significant growth owing to the growing demand for cover systems for electronic devices, power quality issues, an increase in energy programs, and price escalation owing to frequent equipment failures. The devices allow a decrease in electrical equipment downtime and losses incurred owing to downtime. The rising need to safeguard expensive electrical equipment from unexpected electrical surges is predicted to boost the market growth. Acceptance of the latest trends and technology development are propelling the long-term future development of the Surge Protection Devices. Also, increasing efforts by market players to sustain within the market is another reason for the event of the worldwide surge protection devices. 

Report Scope:  

Type Segment Analysis Preview  

Based on types, the main types available in this market are plug-in devices, power control centers, line cord devices, and hardwired devices. Among them, the demand for line cord devices is relatively higher and the trend is anticipated to remain so over the next few years, notes the surge protection devices market research report.

Application Segment Analysis Preview  

The industrial application segment held the largest market size in 2019 and is expected to grow at a CAGR of 5% during the forecast period. Technological advancements have meaningly enhanced the prevailing manufacturing techniques. The industrial sector has widely supported the automation systems, use of heavy machinery, and high-end electronics to gain better operational efficiencies. Thus, the demand for surge protection devices has increased and is predicted to continue to grow over the forecast period.

Surge Protection Devices Market: Regional Analysis Preview  

Regionally, North America has been leading the worldwide Surge Protection Devices and is anticipated to continue on the dominant position within the years to return. This is due to the large-scale use of electrical & electronic devices, including washing machines, microwave ovens, and LED televisions is the key factor behind the dominance of the North America surge protection devices market. For the record, the North America surge protection devices market garnered revenue of nearly US$ 850 million in 2019. Apart from this, the Asia Pacific is estimated to be the fastest-growing region from 2021 to 2028.

Surge Protection Devices Market: Key Players & Competitive Landscape

Key players profiled in the report include Schneider Electric, ABB Limited, Eaton Corp., Siemens AG, Emerson Electric Co., GE Industrial Solutions, Crompton Greaves Ltd., Advanced Protection Technologies, Raycap Corporation S.A, Belkin International and Phoenix Contact GmbH.

The Global Surge Protection Devices is segmented as follows:

By Type

• Plug-in devices
• Hard-wired devices
• Line cord devices
• Power control center

By Application

• Commercial
• Residential
• Industrial

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

• Chapter No. 1 Introduction
  • 1.1. Report Description
    • 1.1.1. Purpose of the Report
    • 1.1.2. USP & Key Offerings
  • 1.2. Key Benefits for Stakehulders
  • 1.3. Target Audience
  • 1.4. Report Scope
• Chapter No. 2 Executive Summary
  • 2.1. Key Findings
    • 2.1.1. Top Investment Pockets
      • 2.1.1.1. Market Attractiveness Analysis, By Type
      • 2.1.1.2. Market Attractiveness Analysis, By Application
      • 2.1.1.3. Market Attractiveness Analysis, By Region
  • 2.2. Market Snapshot
  • 2.3. Global Surge Protection Devices, 2016 – 2028 (USD Billion)
  • 2.4. Insights from Primary Respondents
• Chapter No. 3 COVID 19 Impact Analysis
  • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
    • 3.1.1. North America
    • 3.1.2. Europe
    • 3.1.3. Asia Pacific
    • 3.1.4. Latin America
    • 3.1.5. The Middle-East and Africa
  • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
  • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
  • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
  • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
    • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
  • 3.6. Short Term Dynamics
  • 3.7. Long Term Dynamics
• Chapter No. 4 Surge Protection Devices – Services Segment Analysis
  • 4.1. Overview
    • 4.1.1. Market Revenue Share, By Type, 2020 & 2028
  • 4.2. Plug-in devices
    • 4.2.1. Market Size and Forecast, By Region (USD Billion)
    • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
  • 4.3. Hard-wired devices
    • 4.3.1. Market Size and Forecast, By Region (USD Billion)
    • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
  • 4.4. Line cord devices
    • 4.4.1. Market Size and Forecast, By Region (USD Billion)
    • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
  • 4.5. Power contrul center
    • 4.5.1. Market Size and Forecast, By Region (USD Billion)
    • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
• Chapter No. 5 Surge Protection Devices – Application Segment Analysis
  • 5.1. Overview
    • 5.1.1. Market Revenue Share, By Application, 2020 & 2028
  • 5.2. Commercial
    • 5.2.1. Market Size and Forecast, By Region (USD Billion)
    • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
  • 5.3. Residential
    • 5.3.1. Market Size and Forecast, By Region (USD Billion)
    • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
  • 5.4. Industrial
    • 5.4.1. Market Size and Forecast, By Region (USD Billion)
    • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
• Chapter No. 5 Surge Protection Devices – Regional Segment Analysis
  • 6.1. Overview
    • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
    • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
  • 6.2. North America
    • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
    • 6.2.2. North America Market Revenue, By Type, 2016 – 2028
    • 6.2.3. North America Market Revenue, By Application, 2016 – 2028
    • 6.2.5. U.S.
      • 6.2.5.1. U.S. Market Revenue, By Type, 2016 – 2028
      • 6.2.5.2. U.S. Market Revenue, By Application, 2016 – 2028
    • 6.2.6. Canada
      • 6.2.6.1. Canada Market Revenue, By Type, 2016 – 2028
      • 6.2.6.2. Canada Market Revenue, By Application, 2016 – 2028
    • 6.2.7. Mexico
      • 6.2.7.1. Mexico Market Revenue, By Type, 2016 – 2028
      • 6.2.7.2. Mexico Market Revenue, By Application, 2016 – 2028
  • 6.3. Europe
    • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
    • 6.3.2. Europe Market Revenue, By Type, 2016 – 2028
    • 6.3.3. Europe Market Revenue, By Application, 2016 – 2028
    • 6.3.5. Germany
      • 6.3.5.1. Germany Market Revenue, By Type, 2016 – 2028
      • 6.3.5.2. Germany Market Revenue, By Application, 2016 – 2028
    • 6.3.6. France
      • 6.3.6.1. France Market Revenue, By Type, 2016 – 2028
      • 6.3.6.2. France Market Revenue, By Application, 2016 – 2028
    • 6.3.7. U.K.
      • 6.3.7.1. U.K. Market Revenue, By Type, 2016 – 2028
      • 6.3.7.2. U.K. Market Revenue, By Application, 2016 – 2028
    • 6.3.8. Italy
      • 6.3.8.1. Italy Market Revenue, By Type, 2016 – 2028
      • 6.3.8.2. Italy Market Revenue, By Application, 2016 – 2028
    • 6.3.9. Spain
      • 6.3.9.1. Spain Market Revenue, By Type, 2016 – 2028
      • 6.3.9.2. Spain Market Revenue, By Application, 2016 – 2028
    • 6.3.10. Rest of Europe
      • 6.3.10.1. Rest of Europe Market Revenue, By Type, 2016 – 2028
      • 6.3.10.2. Rest of Europe Market Revenue, By Application, 2016 – 2028
  • 6.4. Asia Pacific
    • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
    • 6.4.2. Asia Pacific Market Revenue, By Type, 2016 – 2028
    • 6.4.3. Asia Pacific Market Revenue, By Application, 2016 – 2028
    • 6.4.5. China
      • 6.4.5.1. China Market Revenue, By Type, 2016 – 2028
      • 6.4.5.2. China Market Revenue, By Application, 2016 – 2028
    • 6.4.6. Japan
      • 6.4.6.1. Japan Market Revenue, By Type, 2016 – 2028
      • 6.4.6.2. Japan Market Revenue, By Application, 2016 – 2028
    • 6.4.7. India
      • 6.4.7.1. India Market Revenue, By Type, 2016 – 2028
      • 6.4.7.2. India Market Revenue, By Application, 2016 – 2028
    • 6.4.8. South Korea
      • 6.4.8.1. South Korea Market Revenue, By Type, 2016 – 2028
      • 6.4.8.2. South Korea Market Revenue, By Application, 2016 – 2028
    • 6.4.9. South-East Asia
      • 6.4.9.1. South-East Asia Market Revenue, By Type, 2016 – 2028
      • 6.4.9.2. South-East Asia Market Revenue, By Application, 2016 – 2028
    • 6.4.10. Rest of Asia Pacific
      • 6.4.10.1. Rest of Asia Pacific Market Revenue, By Type, 2016 – 2028
      • 6.4.10.2. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
  • 6.5. Latin America
    • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
    • 6.5.2. Latin America Market Revenue, By Type, 2016 – 2028
    • 6.5.3. Latin America Market Revenue, By Application, 2016 – 2028
    • 6.5.5. Brazil
      • 6.5.5.1. Brazil Market Revenue, By Type, 2016 – 2028
      • 6.5.5.2. Brazil Market Revenue, By Application, 2016 – 2028
    • 6.5.6. Argentina
      • 6.5.6.1. Argentina Market Revenue, By Type, 2016 – 2028
      • 6.5.6.2. Argentina Market Revenue, By Application, 2016 – 2028
    • 6.5.7. Rest of Latin America
      • 6.5.7.1. Rest of Latin America Market Revenue, By Type, 2016 – 2028
      • 6.5.7.2. Rest of Latin America Market Revenue, By Application, 2016 – 2028
  • 6.6. The Middle-East and Africa
    • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
    • 6.6.2. The Middle-East and Africa Market Revenue, By Type, 2016 – 2028
    • 6.6.3. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
    • 6.6.5. GCC Countries
      • 6.6.5.1. GCC Countries Market Revenue, By Type, 2016 – 2028
      • 6.6.5.2. GCC Countries Market Revenue, By Application, 2016 – 2028
    • 6.6.6. South Africa
      • 6.6.6.1. South Africa Market Revenue, By Type, 2016 – 2028
      • 6.6.6.2. South Africa Market Revenue, By Application, 2016 – 2028
    • 6.6.7. Rest of Middle-East Africa
      • 6.6.7.1. Rest of Middle-East Africa Market Revenue, By Type, 2016 – 2028
      • 6.6.7.2. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
• Chapter No. 7: Surge Protection Devices – Industry Analysis
  • 7.1. Introduction
  • 7.2. Market Drivers
    • 7.2.1. Driving Factor 1 Analysis
    • 7.2.2. Driving Factor 2 Analysis
  • 7.3. Market Restraints
    • 7.3.1. Restraining Factor Analysis
  • 7.4. Market Opportunities
    • 7.4.1. Market Opportunity Analysis
  • 7.5. Porter’s Five Forces Analysis
  • 7.6. PEST Analysis
  • 7.7. Regulatory Landscape
  • 7.8. Technology Landscape
  • 7.9. Regional Market Trends
    • 7.9.1. North America
    • 7.9.2. Europe
    • 7.9.3. Asia Pacific
    • 7.9.4. Latin America
    • 7.9.5. The Middle-East and Africa
  • 7.10. Pricing Analysis
  • 7.11. Value Chain Analysis
  • 7.12. Downstream Buyers
  • 7.13. Distributors/Traders List
• Chapter No. 8: Competitive Landscape
  • 8.1. Company Market Share Analysis – 2019
    • 8.1.1. Global Surge Protection Devices: Company Market Share, 2019
    • 8.1.2. Global Surge Protection Devices, Company Market Revenue, 2016 – 2019 (USD Billion)
    • 8.1.3. Global Surge Protection Devices, Company Y-o-Y Growth, 2017 – 2019 (%)
    • 8.1.4. Global Surge Protection Devices: Radar Determinant Chart, 2019
  • 8.2. Strategic Developments
    • 8.2.1. Acquisitions & Mergers
    • 8.2.2. New Product Launch
    • 8.2.3. Regional Expansion
  • 8.3. Company Strategic Developments – Heat Map Analysis
• Chapter No. 9: Company Profiles
  • 9.1. Schneider Electric
    • 9.1.1. Company Overview
    • 9.1.2. Key Executives
    • 9.1.3. Product Portfolio
    • 9.1.4. Financial Overview
    • 9.1.5. Operating Business Segments
    • 9.1.6. Business Performance
    • 9.1.7. Recent Developments
  • 9.2. ABB Limited
  • 9.3. Eaton Corp.
  • 9.4. Siemens AG
  • 9.5. Emerson Electric Co.
  • 9.6. GE Industrial Sulutions
  • 9.7. Crompton Greaves Ltd.
  • 9.8. Advanced Protection Technulogies
  • 9.9. Raycap Corporation S.A
  • 9.10. Belkin International
• Chapter No. 10: Marketing Strategy Analysis
  • 10.1. Marketing Channel
  • 10.2. Direct Marketing
  • 10.3. Indirect Marketing
  • 10.4. Marketing Channel Development Trends
  • 10.5. Economic/Pulitical Environmental Change
• Chapter No. 11: Research Methodology
  • 11.1. Research Methodology
  • 11.2. Phase I - Secondary Research
  • 11.3. Phase II - Data Modeling
    • 11.3.1. Company Share Analysis Model
    • 11.3.2. Revenue Based Modeling
  • 11.4. Phase III - Primary Research
  • 11.5. Research Limitations
    • 11.5.1. Assumptions

Table Of Figures

List of Figures

FIG NO. 1. Market Attractiveness Analysis, By Type
FIG NO. 2. Market Attractiveness Analysis, By Application
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Surge Protection Devices Revenue, 2016 – 2028 (USD Billion)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Type, 2020 & 2028 
FIG NO. 7. Global Surge Protection Devices for plug-in devices, Revenue (USD Billion) 2016 – 2028
FIG NO. 8. Comparative Revenue Analysis of surge protection devices for plug-in devices, By Country, 2020 & 2028
FIG NO. 9. Global Surge Protection Devices for Hard-wired devices, Revenue (USD Billion) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Surge Protection Devices for Hard-wired devices, By Country, 2020 & 2028
FIG NO. 11. Global Surge Protection Devices for Line cord devices, Revenue (USD Billion) 2016 – 2028
FIG NO. 12. Comparative Revenue Analysis of Surge Protection Devices for Line cord devices, By Country, 2020 & 2028
FIG NO. 13. Global Surge Protection Devices for Power control center, Revenue (USD Billion) 2016 – 2028
FIG NO. 14. Comparative Revenue Analysis of Surge Protection Devices for Power control center, By Country, 2020 & 2028
FIG NO. 15. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 16. Global Surge Protection Devices for Commercial, Revenue (USD Billion) 2016 – 2028
FIG NO. 17. Comparative Revenue Analysis of Surge Protection Devices for Commercial, By Country, 2020 & 2028 
FIG NO. 18. Global Surge Protection Devices for Residential, Revenue (USD Billion) 2016 – 2028
FIG NO. 19. Comparative Revenue Analysis of Surge Protection Devices for Residential, By Country, 2020 & 2028
FIG NO. 20. Global Surge Protection Devices for Industrial, Revenue (USD Billion) 2016 – 2028 
FIG NO. 21. Comparative Revenue Analysis of Surge Protection Devices for Industrial, By Country, 2020 & 2028
FIG NO. 22. Global Surge Protection Devices Revenue Share, By Region, 2020 & 2028
FIG NO. 23. North America Surge Protection Devices Revenue, 2016 - 2028 (USD Billion)
FIG NO. 24. Porter’s Five Forces Analysis for Global Surge Protection Devices
FIG NO. 25. PEST Analysis for Global Surge Protection Devices
FIG NO. 26. Pricing Analysis for Global Surge Protection Devices
FIG NO. 27. Value Chain Analysis for Global Surge Protection Devices
FIG NO. 28. Company Share Analysis, 2019
FIG NO. 29. Radar Determinant Chart, 2019
FIG NO. 30. Company Strategic Developments – Heat Map Analysis
FIG NO. 31. Business Segment Revenue Share, 2020 (%)
FIG NO. 32. Geographical Segment Revenue Share, 2020 (%)
FIG NO. 33. Market Channels
FIG NO. 34. Marketing Channel Development Trend
FIG NO. 35. Growth in World Gross Product, 2008-2018
FIG NO. 36. Research Methodology – Detailed View
FIG NO. 37. Research Methodology

Table Of Tables

List of Tables 

TABLE NO. 1. Global Surge Protection Devices: Snapshot
TABLE NO. 2. Quarterly Surge Protection Devices Revenue by Region, 2020
TABLE NO. 3. Quarterly Surge Protection Devices Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion) 
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion) 
TABLE NO. 6. Global Surge Protection Devices for plug-in devices , by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Surge Protection Devices for Hard-wired devices, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global Surge Protection Devices for Line cord devices, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global Surge Protection Devices for Power control center  , by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Global Surge Protection Devices for Commercial, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11 Global Surge Protection Devices for Residential, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 12. Global Surge Protection Devices for Industrial, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 13. Global Surge Protection Devices Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 14. North America Surge Protection Devices Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 15. North America Surge Protection Devices Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 16. North America Surge Protection Devices Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 17. U.S. Surge Protection Devices Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 18. U.S. Surge Protection Devices Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 19. Canada Surge Protection Devices Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 20. Canada Surge Protection Devices Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 21. Mexico Surge Protection Devices Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 22. Mexico Surge Protection Devices Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 23. Drivers for the Surge Protection Devices: Impact Analysis
TABLE NO. 24. Restraints for the Surge Protection Devices: Impact Analysis
TABLE NO. 25. Major Buyers of Surge Protection Devices  
TABLE NO. 26. Distributors/Traders List of Surge Protection Devices
TABLE NO. 27. Global Surge Protection Devices, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 28: Global Surge Protection Devices, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)