Global Surge Protection Device Market Report By Product (Plug-in devices, Hardwired devices, Line cord devices, Power control center), By Application (Commercial, Data Center, Industrial, Medical, Residential, Telecom, Transportation, Other End-Uses) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2020-2027

ID:VMR11214313
April 2021
Report Formats:
Global Surge Protection Device Market Overview
The key driver impacting the surge protection device market is the expanding consumer electronics demand among consumers globally. thus, the need to safeguard expensive electronics from power spikes or surges creates demand for surge protection devices in the forecast period. for instance, according to the World Economic Forum, consumer household appliances and electronics are the fastest-growing online sales areas globally. the CEA (Consumer Electronics Association) expected the annual consumer electronics sales value in the United States was $170 billion in 2008. the worldwide yearly consumer electronic sales are anticipated to reach $2.9 trillion by 2020. According to the Retailers Association of India (RAI), consumer electronics sales were increased by 2% in September 2020 and 8% in October 2020, compared with the same months in the last year. moreover, increasing disposable income of consumers has pushed the demand for electronic devices such as microwave devices, personal laptops, television, printers, washing machines, and others is estimated to be a significant factor contributing to market growth.
According to Value Market Research, the global surge protection device market size was valued at around USD 2350 million in 2020 and is projected to grow at a CAGR of about 7% during the forecast period of 2021 to 2027.

The growing lightning-related power outage incidences are estimated to augment surge protection device demand in the forecast period. lightning is considered the leading cause of outages on power distribution systems and utility transmission and the single most significant cause of power outages in many lightning-prone regions. the increased lighting incidences that cause surges are creating demand for surge protection devices globally. for instance, as per the National Lightning Safety Institute, around 30% of all power outages yearly are lightning-related, on average, with total costs approaching 1 billion dollars in the U.S. the total number of homeowners insurance claims from lightning strikes in the United States rise by 1.2 percent during 2018 and 2019 and 0.4 percent from 2017-2019.However, the high cost for installation may hamper the global surge protection device market in the long run. also, surge protection devices only give protection from voltage surges and spikes, thus creating limitations. The current industry trends, such as the rise in alternative energy programs and the ongoing power quality issues, are expected to provide market players with new market opportunities.

The surge protection device market is vast, with many local and global players. the key leaders follow different strategies to advance their market position, such as contracts, amalgamation, extending product portfolio, acquisitions, and product upgrades to raise their market share across the globe. for instance, in October 2016, Eaton Corporation launched its new surge protection devices. These devices provide configurable surge protection (for commercial and industrial applications), easy maintenance & replacement with high operational flexibility. The major players in the report are ABB Ltd., Leviton Manufacturing Co., Tripp Lite, Crompton Greaves Limited,  Industrial Solutions Limited,  PHOENIX CONTACT GmbH & Co. KG,  Power, Eaton Corporation PLC, General Electric, and Emerson Electric Co.

Global Surge Protection Device Market Share

In this research report, the surge protection device market is segmented by product, applications, and region.

Analysis by Product:
By product, the report is categorized into plug-in devices, hardwired devices, line cord devices, and power control centers. The hard-wired segment is expected to show considerable growth in the forecast period. It is due to its capability of hard-wired getting installed in the buildings to guard the devices from lightning strikes and avert the damage to power control and distribution boards. Moreover, hardwired devices have less wires, making a more organized and cleaner look at the driving demand for hard-wired devices in the forecast period. 

Analysis by Application:
By application, the report is categorized into a commercial, data center, industrial, medical, residential, telecom, transportation, other end-uses. The residential sector dominates the application segment with a 70% share in 2020. It is due to the growing sales of consumer electronics products. Moreover, Consumers are increasingly spending on comfort and convenient electronics products, owing to their increased purchasing power, contributing to the residential segment's growth in the forecast period.

 Analysis by Region:
In the regional outlook of the global surge protection device market, the Asia pacific region dominates with a 20% market share during the forecast period. It is due to the growing technological advancements and expanding adoption of consumer electronics devices across the India and China with the presence of a large number of key players. Moreover, the widespread awareness of the benefits of SPDs and rising urbanization and disposable income  contributes to the high demand for the surge protection device market in Asia Pacific.

Market Segmentation covered in the Report:
By Product
  • Plug-in devices
  • Hardwired devices
  • Line cord devices
  • Power control center
 By Application
  • Commercial
  • Data Center
  • Industrial
  • Medical
  • Residential
  • Telecom
  • Transportation
  • Other End-Uses
By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
METHODOLOGY

This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. 

If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.    

1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
 
2 . EXECUTIVE SUMMARY
       2.1. Highlights of Market
       2.2. Global Market Snapshot
 
3 . SURGE PROTECTION DEVICE – INDUSTRY ANALYSIS
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 By Product
           3.7.2 By Application
           3.7.3 By Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
 
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
       5.5. COVID-19: Micro and Macro Factor Analysis
 
6 . GLOBAL SURGE PROTECTION DEVICE MARKET ANALYSIS BY PRODUCT
       6.1 Overview by Product
       6.2 Historical and Forecast Data
       6.3 Analysis by Product
       6.4 Plug-in devices Market by Regions
       6.6 Hardwired devices Market by Regions
       6.5 Line cord devices Market by Regions
       6.7 Power control center Market by Regions
 
7 . GLOBAL SURGE PROTECTION DEVICE MARKET ANALYSIS BY APPLICATION
       7.1 Overview by Application
       7.2 Historical and Forecast Data
       7.3 Analysis by Application
       7.4 Commercial Market by Regions
       7.5 Data Center Market by Regions
       7.6 Industrial Market by Regions
       7.7 Medical Market by Regions
       7.8 Residential Market by Regions
       7.9 Telecom Market by Regions
       7.10. Transportation Market by Regions
       7.11 Other End-Uses Market by Regions
 
8 . GLOBAL SURGE PROTECTION DEVICE MARKET ANALYSIS BY GEOGRAPHY
       8.1. Regional Outlook
       8.2. Introduction
       8.3. North America
           8.3.1. Overview, Historic and Forecast Data
           8.3.2. North America By Segment
           8.3.3. North America By Country
           8.3.4. United State
           8.3.5. Canada
           8.3.6. Mexico
       8.4. Europe
           8.4.1. Overview, Historic and Forecast Data
           8.4.2. Europe by Segment
           8.4.3. Europe by Country
           8.4.4. United Kingdom
           8.4.5. France
           8.4.6. Germany
           8.4.7. Italy
           8.4.8. Russia
           8.4.9. Rest Of Europe
       8.5. Asia Pacific
           8.5.1. Overview, Historic and Forecast Data
           8.5.2. Asia Pacific by Segment
           8.5.3. Asia Pacific by Country
           8.5.4. China
           8.5.5. India
           8.5.6. Japan
           8.5.7. South Korea
           8.5.8. Australia
           8.5.9. Rest Of Asia Pacific
       8.6. Latin America
           8.6.1. Overview, Historic and Forecast Data
           8.6.2. Latin America by Segment
           8.6.3. Latin America by Country
           8.6.4. Brazil
           8.6.5. Argentina
           8.6.6. Peru
           8.6.7. Chile
           8.6.8. Rest of Latin America
       8.7. Middle East & Africa
           8.7.1. Overview, Historic and Forecast Data
           8.7.2. Middle East & Africa by Segment
           8.7.3. Middle East & Africa by Country
           8.7.4. Saudi Arabia
           8.7.5. UAE
           8.7.6. Israel
           8.7.7. South Africa
           8.7.8. Rest Of Middle East And Africa
 
9 . COMPETITIVE LANDSCAPE OF THE SURGE PROTECTION DEVICE COMPANIES
       9.1. Surge Protection Device Market Competition
       9.2. Partnership/Collaboration/Agreement
       9.3. Merger And Acquisitions
       9.4. New Product Launch
       9.5. Other Developments
 
10 . COMPANY PROFILES OF SURGE PROTECTION DEVICE INDUSTRY
       10.1. Company Share Analysis
       10.2. Market Concentration Rate
       10.3. ABB Ltd.
           10.3.1. Company Overview
           10.3.2. Financials
           10.3.3. Products
           10.3.4. Recent Developments
       10.4. Leviton Manufacturing Co.
           10.4.1. Company Overview
           10.4.2. Financials
           10.4.3. Products
           10.4.4. Recent Developments
       10.5. Tripp Lite, Crompton Greaves Limited
           10.5.1. Company Overview
           10.5.2. Financials
           10.5.3. Products
           10.5.4. Recent Developments
       10.6. Industrial Solutions Limited
           10.6.1. Company Overview
           10.6.2. Financials
           10.6.3. Products
           10.6.4. Recent Developments
       10.7. PHOENIX CONTACT GmbH & Co. KG
           10.7.1. Company Overview
           10.7.2. Financials
           10.7.3. Products
           10.7.4. Recent Developments
       10.8. Power
           10.8.1. Company Overview
           10.8.2. Financials
           10.8.3. Products
           10.8.4. Recent Developments
       10.9. Eaton Corporation PLC
           10.9.1. Company Overview
           10.9.2. Financials
           10.9.3. Products
           10.9.4. Recent Developments
       10.10. General Electric
           10.10.1. Company Overview
           10.10.2. Financials
           10.10.3. Products
           10.10.4. Recent Developments
       10.11. Emerson Electric Co.
           10.11.1. Company Overview
           10.11.2. Financials
           10.11.3. Products
           10.11.4. Recent Developments
 
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
 
 LIST OF TABLES
 

  •  Market Snapshot
  •  Drivers : Impact Analysis
  •  Restraints : Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers
  •  COVID-19 Impact Analysis by Production, Import, Export and Demand
  •  Pre V/S Post COVID-19
  •  Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  •  COVID-19: Micro and Macro Factor Analysis
  •  Analysis by Product (USD MN)
  •  Plug-in devices Market by Geography (USD MN)
  •  Hardwired devices Market by Geography (USD MN)
  •  Line cord devices Market by Geography (USD MN)
  •  Power control center Market by Geography (USD MN)
  •  Analysis Market by Application (USD MN)
  •  Commercial Market by Geography (USD MN)
  •  Data Center Market by Geography (USD MN)
  •  Industrial Market by Geography (USD MN)
  •  Medical Market by Geography (USD MN)
  •  Residential Market by Geography (USD MN)
  •  Telecom Market by Geography (USD MN)
  •  Transportation Market by Geography (USD MN)
  •  Other End-Uses Market by Geography (USD MN)
  •  Global Surge Protection Device Market by Geography (USD MN)
  •  North America Market Analysis (USD MN)
  •  United State Market Analysis (USD MN)
  •  Canada Market Analysis (USD MN)
  •  Mexico Market Analysis (USD MN)
  •  Europe Market Analysis (USD MN)
  •  Europe Market Estimate by Country (USD MN)
  •  United Kingdom Market Analysis (USD MN)
  •  France Market Analysis (USD MN)
  •  Germany Market Analysis (USD MN)
  •  Italy Market Analysis (USD MN)
  •  Russia Market Analysis (USD MN)
  •  Spain Market Analysis (USD MN)
  •  Rest of Europe Market Analysis (USD MN)
  •  Asia Pacific Market Analysis (USD MN)
  •  China Market Analysis (USD MN)
  •  Japan Market Analysis (USD MN)
  •  India Market Analysis (USD MN)
  •  South Korea Market Analysis (USD MN)
  •  Australia Market Analysis (USD MN)
  •  Rest of Asia Pacific Market Analysis (USD MN)
  •  Latin America Market Analysis (USD MN)
  •  Brazil Market Analysis (USD MN)
  •  Argentina Market Analysis (USD MN)
  •  Peru Market Analysis (USD MN)
  •  Chile Market Analysis (USD MN)
  •  Rest of Latin America Market Analysis (USD MN)
  •  Middle East & Africa Market Analysis (USD MN)
  •  Saudi Arabia Market Analysis (USD MN)
  •  UAE Market Analysis (USD MN)
  •  Israel Market Analysis (USD MN)
  •  South Africa Market Analysis (USD MN)
  •  Rest of Middle East and Africa Market Analysis (USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisiton
 
 LIST OF FIGURES
 
  •  Research Scope of Surge Protection Device Report
  •  Market Research Process
  •  Market Research Methodology
  •  Global Surge Protection Device Market Size, by Region (USD MN)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Product
  •  Market Attractiveness Analysis by Application
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Market Analysis by Product (USD MN)
  •  Plug-in devices Market by Geography (USD MN)
  •  Hardwired devices Market by Geography (USD MN)
  •  Line cord devices Market by Geography (USD MN)
  •  Power control center Market by Geography (USD MN)
  •  Global Market Analysis by Application (USD MN)
  •  Commercial Market by Geography (USD MN)
  •  Data Center Market by Geography (USD MN)
  •  Industrial Market by Geography (USD MN)
  •  Medical Market by Geography (USD MN)
  •  Residential Market by Geography (USD MN)
  •  Telecom Market by Geography (USD MN)
  •  Transportation Market by Geography (USD MN)
  •  Other End-Uses Market by Geography (USD MN)
  •  Global Market by Revenue
  •  North America Market by Revenue
  •  Europe Market by Revenue
  •  Asia Pacific Market by Revenue
  •  Latin America Market by Revenue
  •  Middle East & Africa Market by Revenue
  •  Recent Development in Industry
  •  Company Market Share Analysis, 2020
 
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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