About Contact Us Careers Search...

Sign In

 GET A FREE SAMPLE

Home Electronics & Smart Devices FREE Sample Copy includes
Surge Protection Devices Market market overview, growth trends,
statistical charts & tables,
forecast estimates, and much
Surge Protection Devices Market Size & Share, by Type Report ID: 3740 more.
(Hard-Wired, Plug-In, Line Cord); Power Rating (Below 10 Published Date:  Request Free Sample Copy
kA, 10 kA-25 kA, Above 25 kA); End-user (Industrial, Feb 07, 2023
Commercial, Residential) - Global Supply & Demand Have questions before ordering this
Analysis, Growth Forecasts, Statistics Report 2030 Report Format: report?
PDF, PPT
Inquiry Before Buying
Table of Content  Request Free Sample Copy
 Buy Now

Global Surge Protection Devices Market

Highlights 2022 – 2030
The global surge protection devices market is
estimated to garner a sizeable revenue and grow at a
CAGR of ~5% over the forecast period, i.e., 2022 –
2030. The growth of the market can be attributed to
the increasing demand for protection systems for
electronic devices, and rise in usage of consumer
electronics across the globe. Along with these, rapid
climate changes globally and subsequent increase in
lightning incidences are also crucial factors expected
to drive significant growth to the market in the
upcoming years. Furthermore, escalating economic
developments in developing nations, and growing
adoption of high technology equipment such as
laptops, washing machines and LCDs are projected to
offer lucrative opportunities to the market in the near
future. In 2019, more than 172 million units of laptops
were shipped around the world, increasing up to
more than 220 million units by the end of 2020.

Get more information on this report: Download

Sample PDF
The market is segmented by type into hard-wired,
plug-in, and line cord, out of which, the plug-in
segment is anticipated to hold the largest share in the
global surge protection devices market. This can be
accounted to the high suitability of plug-in devices
for installation at the origin of the network, and their
ability to effectively protect equipment from indirect
lightning strikes. Additionally, on the basis of end
user, the industrial segment is predicted to acquire
the largest share during the forecast period, which
can be credited to the increasing requirement for
servers, data centers and communication systems in
industries. Apart from these, growing applications of
industry 4.0 initiative for electric machinery and
automobiles to facilitate remote maintenance and
diagnostics is also assessed to accelerate growth of
the market segment in the coming years.
Major Macro-Economic Indicators Impacting
the Market Growth
  GET A FREE SAMPLE
FREE Sample Copy includes
market overview, growth trends,
statistical charts & tables,
forecast estimates, and much
more.
 Request Free Sample Copy
In 2018, the world’s total energy supply was 14282
Mtoe, wherein the highest share in terms of source
was captured by oil, accounting for 31.6%, followed Have questions before ordering this
by coal (26.9%), natural gas (22.8%), biofuels and report?
waste (9.3%), nuclear (4.9%), hydro (2.5%), and other Inquiry Before Buying
(2.0%). Where there was an increase in energy
demand in 2018, the year 2019 witnessed slow
growth as the energy efficiency improved owing to
decline in the demand for cooling and heating.
However, in 2020, the electricity demand decreased
by 2.5% in the first quarter of 2020 due to the
outbreak of Coronavirus resulting in government
imposed shutdowns in order to limit the spread of the
virus, which was further followed by shutdown of
numerous business operations impacting their
growth. This also resulted in decline of 5.8% in the
worldwide CO2 emissions which was recorded to be
five times larger than the one recorded during the
global financial crisis in 2009. However, in 2021, the
demand for oil, gas and coal is estimated to witness
growth, which is further projected to create
opportunities for market growth. Moreover, rising
environment degradation and awareness related to
climate change is motivating many key players to
employ sustainable energy strategies and invest
significantly in environment-friendly power
generation technologies with an aim to promote
sustainable development among various nations
around the world. Such factors are anticipated to
promote the growth of the market in upcoming years.
Global Surge Protection Devices Market
Regional Synopsis
On the basis of geographical analysis, the global
surge protection devices market is segmented into
five major regions including North America, Europe,
Asia Pacific, Latin America and the Middle East &
Africa region. The market in Asia Pacific is estimated
to witness noteworthy growth over the forecast
period on the back of increasing emphasis on using
clean energy to meet the energy needs, especially in
China, Singapore and India. In addition, rapidly
growing urbanization, and rising investments in smart
grid technologies and smart cities are also projected
to boost the market growth of the region in the
future. According to the World Bank, 60.695 percent
of East Asia and Pacific’s total population lived in
urban areas in 2020, up from 59.887 percent and
59.052 percent in the years 2019 and 2018
respectively.

Moreover, the market in North America is anticipated

to occupy the largest share during the forecast
period owing to the early adoption of advanced
technologies, and high electricity consumption in
commercial and residential sectors in the region.

 GET A FREE SAMPLE

FREE Sample Copy includes
market overview, growth trends,
statistical charts & tables,
forecast estimates, and much
more.
 Request Free Sample Copy
Have questions before ordering this
report?
Get more information on this report: Download
Sample PDF Inquiry Before Buying
The global surge protection devices market is further
classified on the basis of region as follows:
North America (U.S. & Canada) Market size, Y-O-
Y growth, Market Players Analysis & Opportunity
Outlook
Latin America (Brazil, Mexico, Argentina, Rest of
Latin America) Market size, Y-O-Y growth &
Market Players Analysis & Opportunity Outlook
Europe (U.K., Germany, France, Italy, Spain,
Hungary, Belgium, Netherlands & Luxembourg,
NORDIC (Finland, Sweden, Norway, Denmark),
Ireland, Switzerland, Austria, Poland, Turkey,
Russia, Rest of Europe), Poland, Turkey, Russia,
Rest of Europe) Market size, Y-O-Y growth
Market Players Analysis & Opportunity Outlook
Asia-Pacific (China, India, Japan, South Korea,
Singapore, Indonesia, Malaysia, Australia, New
Zealand, Rest of Asia-Pacific) Market size, Y-O-Y
growth & Market Players Analysis & Opportunity
Outlook
Middle East and Africa (Israel, GCC (Saudi
Arabia, UAE, Bahrain, Kuwait, Qatar, Oman),
North Africa, South Africa, Rest of Middle East
and Africa) Market size, Y-O-Y growth Market
Players Analysis & Opportunity Outlook
Market Segmentation
Our in-depth analysis of the global surge protection
devices market includes the following segments:
By Type
Hard-Wired
Plug-In
Line Cord
By Power Rating
Below 10 kA
10 kA–25 kA
Above 25 kA
By End-User
Industrial
Commercial
Residential
Growth Drivers
Increasing Demand for Protection Systems for
Electronic Devices
Rising Usage of Consumer Electronics Across the
Globe
Challenges
Availability of Poorly Designed Surge Protection
Devices
Top Featured Companies Dominating the
Market
ABB, Ltd.
 Company Overview
Business Strategy
Key Product Offerings
Financial Performance
Key Performance Indicators  GET A FREE SAMPLE
Risk Analysis
Recent Development FREE Sample Copy includes
Regional Presence market overview, growth trends,
SWOT Analysis statistical charts & tables,
forecast estimates, and much
Siemens AG more.
Eaton Corporation, Plc
Schneider Electric  Request Free Sample Copy
Emerson Electric Company
Vertiv Group Corporation Have questions before ordering this
Legrand SA report?
Hubbell Incorporated
Littlefuse, Inc Inquiry Before Buying
Mersen Corporate Services SAS

In the
NewsJanuary 2021-
Emerson
announced
updates to its
SolaHD surge
protective devices
and power filters
to prevent
damage to
mission-critical
electronics within
their facilities.
November 2020-
Hitachi ABB
launched a new
surge arrestor
factory in China
for meeting the
growing energy
requirements of
the region more
effectively.

Author Credits: Abhishek Verma, Hetal Singh

Key Questions
Answered in the
Report
1) What are the major factors driving the growth
of the surge protection devices market?
Ans: The major factors driving market growth are
increasing demand for protection systems for
electronic devices, and rising usage of consumer
electronics across the globe.
2) What would be the CAGR of surge protection
devices market over the forecast period?
Ans: The market is anticipated to attain a CAGR of
~5% over the forecast period, i.e., 2022 – 2030.
3) What are the challenges affecting the surge
protection devices market growth?
Ans: Availability of poorly designed surge protection
devices is estimated to hamper the market growth.
4) Which region will provide more business
opportunities for growth of surge protection GET A FREE SAMPLE
devices market in future? 
Ans: Asia Pacific will provide more business FREE Sample Copy includes
opportunities for market growth owing to the market overview, growth trends,
increasing emphasis on using clean energy to meet statistical charts & tables,
the energy needs, especially in China, Singapore and forecast estimates, and much
India. more.
5) Who are the major players dominating the Request Free Sample Copy
surge protection devices market?


Ans: The major players in the market are ABB, Ltd., Have questions before ordering this
Siemens AG, Eaton Corporation, Plc, Schneider report?
Electric, Emerson Electric Company, and others.
Inquiry Before Buying
6) How are the company profiles selected?
Ans: The company profiles are selected based on the
revenues generated from the product segment,
geographical presence of the company which
determine the revenue generating capacity as well as
the new products being launched into the market by
the company.
7) What are the segments in the surge
protection devices market?
Ans: The market is segmented by type, power rating,
end user, and by region.
8) Which segment captures the largest market
size in the type segment in the surge protection
devices market?
Ans: The plug-in segment is anticipated to hold
largest market size in value and is estimated to grow
at a notable CAGR over the forecast period and
display significant growth opportunities.

Stay in the lead amidst the
crowd. Subscribe to
Research Nester to
receive constant updates
and insights on the latest
issues challenging
businesses globally.
About Research Nester
About Us
Careers
Contact Us
Terms of Use
Terms of Return
Disclaimer
Privacy Policy
Terms & Conditions
Japan Office
Kojima Building SBC 4 - 69
3-20-8 Ueno, Taito-ku,
Tokyo 110-0005
Phone: +81 505 050 8480
info@researchnester.jp
Canada (Toronto)
+ 1 313 4620609
info@researchnester.com
Subscribe to Follow
Our
Newsletters
Your Email Your Name
Select Countr
Submit
Asia Pacific Delivery
Office
Tower B, 5th Floor, Unit
Number 523, Grandslam
iThum - Sec-62 Noida
201301 India.
info@researchnester.com
UK Office (London)
Phone : +44 203 608 5919
US Office
77 Water Street 8th Floor,
New York, 10005
Phone : +1 646 586 9123
info@researchnester.com
Registered Address
Research Nester Inc. 460
E Fordham Rd #8020,
Bronx, NY 10458

Copyright © 2023 Research Nester. All

Rights Reserved