According to IMARC Group’s latest report, titled “Surge Protection Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’ the global surge protection devices market reached a value of US$ XX Billion in 2021. Surge protection devices (SPDs) are electric power supply networks designed to protect electrical appliances from voltage spikes. They function by materializing transient voltage on a protected circuit which prohibits the voltage by diverting the current back to its source. SPDs help apply a limited electric voltage that the appliance can handle. As a result, they are increasingly employed in automatic control buses, electric power supply networks, telephone networks, and various communication systems.
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The market is primarily driven by the increasing demand for electrical and electronic appliances in commercial and residential sectors. SPDs work as a gatekeeper for electric appliances by blocking and shortening any unwanted voltages above a safe threshold limit to the ground. In addition to this, the high costs incurred during electrical equipment downtime encourage the adoption of SPDs for the entire infrastructure. Moreover, various manufacturing units deploy high-voltage machinery and equipment that emphasizes on workplace safety, which is positively influencing the market growth. Furthermore, factors, such as climate changes and the increasing instances of lightning incidents, are also propelling the demand for SPDs across the globe. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2022-2027.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global surge protection devices market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, type, power rating and end user.
- ABB Ltd.
- Belkin International Inc.
- Hon Hai Precision Industry Co. Ltd.
- Eaton Corporation PLC
- Emerson Electric Co.
- General Electric Company
- Havells India Ltd.
- Hubbell Incorporated
- Koninklijke Philips N.V.
- Littelfuse Inc.
- Schneider Electric SE
- Siemens AG.
Breakup by Product:
- Line Cord
- Power Control Devices
Breakup by Type:
- Type 1
- Type 2
- Type 3
- Type 4
Breakup by Power Rating:
- 0-50 kA
- 1-100 kA
- 1-200 kA
- 1 kA and Above
Breakup by End User:
- Commercial Complexes
- Data Centre
- Industries and Manufacturing Units
- Residential Buildings and Spaces
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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