Surge Protection Devices Market - Global Industry Analysis

Surge Protection Devices Market (Plug-In Devices, Hard Wired Devices, Line Cord Devices And Power Control Center) For Commercial, Residential, And Industrial Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends, And Forecast, 2020 – 2028

Published Date: 18-Aug-2021 Category: Technology & Media Report Format : PDF Pages: 160 Report Code: ZMR-180 Status : Published

The Global Surge Protection Devices 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.

Description

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.

Global Surge Protection Devices Market Size

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:  

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

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.

Global Surge Protection Devices Market Share

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.

Global Surge Protection Devices Market Regional Analysis

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

Table Of Content

  • 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)   


 

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Surge Protection Devices market. Zion Research has collected and analyzed key data belong to the global Surge Protection Devices market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Surge Protection Devices across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Surge Protection Devices industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Surge Protection Devices market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

The power surge is a spike in electric current and takes place due to a sudden interruption in the flow of electricity. Protection of electronic devices from power surges or spikes is called as surge protection. Surge protection devices allow various components to plug into a single power outlet. If power voltage increased more than the standard voltage or above the capacity of that device, it is likely to damage the electronic equipment. For residential and commercial application the standard voltage is marked around 120 volts and 230 volts respectively. The increasing demand for advanced technological and sophisticated equipment such as LED televisions, personal computers, printers, and industrial control equipment such as microwaves, washing machines, and alarms are rising rapidly. Due to the high sensitivity of these devices, it is important to protect these devices from getting damaged and this, in turn, increases the demand for surge protection devices.

Increasing usage of electronic devices is the major driving factor for the demand of surge protection devices market. Continuous technological development and high demand for electronic equipment in the residential and commercial application are expected to propel market growth over the forecast period. The global surge protection devices market is expected to witness moderate growth over the forecast period due to intense competition in electronic equipment manufacturers.

Global Surge Protection Devices Market

Additionally, ongoing power quality problems have driven the demand for surge protection devices which in turn support the growth of this market.

Some of the key applications of the surge protection devices include commercial, residential and industrial. Industrial application segment held the largest market share for the surge protection devices in 2015 and accounted for significant share of the total market. It is followed by commercial application segments.

Based on the type, the surge protection devices market is segmented as plug-in devices, hard-wired devices, line cord devices and power control center. Line cord devices segment is one of the leading segments of surge protection devices market. Hard-wired devices segment is another key outlet of the market and expected to exhibit significant growth within the forecast period.

North America was one of the largest markets for surge protection devices in 2015. Asia-Pacific is expected to grow at a significant rate due to the rising disposable income and growing industrialization in the region. Asia-Pacific is expected to emerge as the fastest growing region within forecast period due to the rapid growth of emerging economies like India and China.

The key players for global surge protection devices market 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.

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FrequentlyAsked Questions

The Global Surge Protection Devices was valued at USD 2.74 billion in 2020.

The Global Surge Protection Devices is expected to reach USD 3.77 billion by 2028, growing at a CAGR of 4% between 2021 to 2028.

Burgeoning power quality issues experienced by the electronic equipment owing to the massive electricity flow is anticipated to uplift the product demand over the coming years.

The North America is projected to account for the largest share in the surge protection devices during the forecast period.

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.

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