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Surge Protection Devices Market By Type (Plug-in, Hard Wired, Line Chord and Power Control Device), By Application (Residential, Commercial and Industrial), By Voltage Capacity (Low and High) - Growth, Share, Opportunities & Competitive Analysis, 2015 - 2022

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 the commercial sector are 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 the surge protection devices industry.

The report includes an exhaustive analysis of market fueling and limiting factors related to surge protection. The report also includes global and regional technology, demand-supply, pricing, and consumption trends. The study also includes high-level analysis such as attractiveness, competitive market, value chain, and PESTEL. The high level analysis would help market players and trade partners formulate their strategies in a competitive environment

In addition, the report provides market estimates and forecasts for different types of surge protection devices and their market sizes by application segment in terms of 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 a regional basis, i.e., the regional market size by product, application, and voltage capacity. This study includes historic market size (2013 and 2014), a market estimate (2015), and a revenue forecast for the period 2016–2022. The report also includes market estimates and forecasts for surge protection devices in major countries.

The study includes company profiles of major players in the global surge protection industry. Company profiles provide exhaustive information on the product portfolio, business strategies, new product developments, mergers and acquisitions, and regional positioning of key surge protection suppliers in the global market. The report also includes an in-depth analysis of the degree of competition and positioning of key surge protection device suppliers, along with their market-winning strategies.

The global market for surge protection devices is classified into the 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

Based on type, we have classified the surge protection devices market into the following categories:

  • Plug-in Surge Protection Device
  • Hard-wired Surge Protection Device
  • Line Chord Surge Protection Device
  • power control device

Line-cable surge protection is the most attractive segment in the global surge protection devices market. Standard line chord surge protectors have six or eight outlets, which allows them to protect multiple pieces of equipment from surge voltage using a single device. Growing demand for high-tech appliances such as home entertainment systems and personal computers is growing rapidly with rising income levels across the world. These high-tech devices are highly sensitive to even smaller voltage fluctuations. This is increasing the demand for line cord surge protection devices to protect these devices from transient voltage. In addition, growing digitization in the commercial sector and the increasing importance of power management drive the demand for line chord surge protectors.

Hard-wired surge protection devices are the next attractive segment for surge protection device suppliers. These devices are commonly used in circuit breaker panels and protect all the devices connected to the electric system. Growing residential and commercial construction projects are expected to 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 the number of residential projects. New houses will require power management and surge protection devices to protect electrical equipment in the house. This represents a huge potential market for hard-wired surge protection devices.

We have considered the following surge protection devices to estimate the overall market size:

  • Residential
  • Commercial
  • Industrial

The industrial end-use segment accounted for the largest revenue share in 2014 and is expected to maintain its dominating position with growing industrialization in emerging economies across the world. Due to the largely untapped market and the low 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 the manufacturing and processing industries has increased the demand for electrical, industrial machinery, and equipment in these countries. A growing need to protect electric equipment from surges and provide consistent service to their customers is expected to spur demand for surge protection devices. This is increasing the demand for surge protection devices in commercial sectors, including IT, telecommunications, and others.

The market for high-tech home appliances and electronic equipment is growing rapidly across the world with the increasing number of middle-class families and their income levels. To protect this expensive equipment from surge damage, consumers are investing in surge protection devices. With the growing demand for high-technology electronics equipment such as LED and LCD TVs, HVAC equipment, and personal computers, among others, the market for surge protection devices is also expected to see 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 the Rest of the World (RoW). The rest of the surge protection devices market is further classified into South America, Africa, and the 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 the Asia Pacific. North America and Europe are also expected to see a significant demand for surge protection devices with a recovering construction industry and steadily increasing sales of high-end electronic devices. Middle and Latin America are also predicted to witness considerable growth with increasing income levels and rising demand for electronic devices in these regions.

Frequently Asked Questions:

The market for Surge Protection Devices Market is expected to reach US$ XX Bn in 2022.

The Surge Protection Devices Market is expected to see significant CAGR growth over the coming years, at XX%.

The report is forecasted from 2015-2022.

The base year of this report is 2014.

ABB Ltd, Advanced Protection Technologies Inc.,Belkin International,Crompton Greaves,are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Jul 2016
Category:  Semiconductor & Electronics
Report ID:   57971
Report Format:   PDF
Pages:   120
Rating:    4.2 (50)
Delivery Time: 24 Hours to 48 Hours   
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