Global Surge Protection Devices Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3600/- USD | Published Date: July 31, 2021 |

The global surge protection devices market size was accounted at over USD 2 billion in 2020 and anticipated to register a significant CAGR during the forecast period 2021 to 2027. The increasing use of electric and electronic appliances in the both residential and commercial sectors is a primary factor to drive the market growth. Furthermore, the rapid growth in industrialization, power fluctuation issues, and raising awareness for surge protection devices is further anticipated to boost the market. Moreover, the demand for surge protection devices (SPDs) is anticipated to increase during the forecast period due to climate change and subsequent increases in lightning incidents.

Market Segment Insights:

The global surge protection devices market is bifurcated into type, power rating, end-use, and geography. On the basis of type, the market is further segmented into hard-wired, plug-in, line cord, and power control devices. In the terms of revenue, the hard-wired segment is accounted to hold the largest market of around half of the market in 2020. The hard-wired surge protection device is one of the most convenient solution for reliable operation and extended performance. In contrast, the plug-in segment is expected to grow at the fastest growth rate over the forecast period.

On the basis of end-use, the market is further segmented into commercial complexes, industries & manufacturing, medical, residential buildings, and others. The industrial and manufacturing segment dominated the global surge protection devices market in 2020 and accounted to hold s major market share of around one-third percent of the market. With the advent of industry 4.0, the use of electronic equipment and the necessity for protection systems have been increased which is a major factor driving the segment growth.

Surge Protection Devices Market Size

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The surge protection devices comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The surge protection devices market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

  • 2018-19 – Historical Year
  • 2020 – Base Year
  • 2021-2027 – Forecast Period

Global Surge Protection Devices Market Segmentation:

By Type:

  • Hard-wired
  • Plug-in
  • Line Cord
  • Power Control Devices

By Power Rating:

  • 0-50 kA
  • 1-100 kA
  • 1-200 kA
  • 1 kA and Above

By End-Use:

  • Commercial Complexes
  • Data Center
  • Industries & Manufacturing
  • Medical
  • Residential Buildings
  • Telecommunication
  • Transportation
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Geographic Coverage:

Geographically, North America dominated the global surge protection devices market in 2020 and accounted to hold the largest revenue share of over one-third share of the market. The early adoption of new technologies and the rising awareness coupled with the benefits associated with the SPDs are some major factors to drive the market growth in the region. On the other hand, the Asia Pacific is expected to grow at a fast growth rate over the forecast period due to the increasing demand for consumer electronics. Furthermore, the increasing disposable income per capita and the rising awareness to protect consumer electronics such as washing machines, refrigerators, etc, is expected to fuel the market growth in the Asia Pacific over the forecast period.

Market Competition Assessment:

Some of the major players operating in the global surge protection devices market are ABB, Ltd., Siemens AG, Schneider Electric SE, General Electric, and Eaton Corporation, Plc. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

List of Key Companies:

  • ABB, Ltd.
  • Siemens AG
  • Schneider Electric SE
  • General Electric
  • Eaton Corporation, Plc.
  • Emerson Electric Co.
  • Legrand SA
  • Littelfuse, Inc.
  • Tripp Lite
  • Vertiv Group Corp.

Key Questions Answered by Surge Protection Devices Market Report

  • Global surge protection devices market forecasts from 2021-2027
  • Regional surge protection devices market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
  • Surge protection devices submarket forecasts from 2021-2027 covering the market by type, by power rating, by end-use, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis pertaining to surge protection devices market
  • Analysis of the key factors driving and restraining the growth of the global, regional and country-level surge protection devices markets from 2021-2027
  • Competitive Landscape and market positioning of top 10 players operating in the surge protection devices market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Surge Protection Devices Market Portraiture
2.2. Global Surge Protection Devices Market, by Type, 2020 (USD Mn)
2.3. Global Surge Protection Devices Market, by Power Rating, 2020 (USD Mn)
2.4. Global Surge Protection Devices Market, by End-Use, 2020 (USD Mn)
2.5. Global Surge Protection Devices Market, by Geography, 2020 (USD Mn)

 

3. Global Surge Protection Devices Market Analysis


3.1. Surge Protection Devices Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. COVID-19 Impact Analysis

 

4. Global Surge Protection Devices Market By Type, 2018 – 2027 (USD Mn)


4.1. Overview
4.2. Hard-wired
4.3. Plug-in
4.4. Line Cord
4.5. Power Control Devices

 

5. Global Surge Protection Devices Market By Power Rating, 2018 – 2027 (USD Mn)


5.1. Overview
5.2. 0-50 kA
5.3. 50.1-100 kA
5.4. 100.1-200 kA
5.5. 200.1 kA and Above

 

6. Global Surge Protection Devices Market By End-Use, 2018 – 2027 (USD Mn)


6.1. Overview
6.2. Commercial Complexes
6.3. Data Center
6.4. Industries & Manufacturing
6.5. Medical
6.6. Residential Buildings
6.7. Telecommunication
6.8. Transportation
6.9. Others

 

7. North America Surge Protection Devices Market Analysis and Forecast, 2018 – 2027 (USD Mn)


7.1.1. Overview
7.1.2. North America Surge Protection Devices Market by Type (2018-2027 USD Mn)
7.1.3. North America Surge Protection Devices Market by Power Rating (2018-2027 USD Mn)
7.1.4. North America Surge Protection Devices Market by End-Use (2018-2027 USD Mn)
7.1.5. North America Surge Protection Devices Market by Country (2018-2027 USD Mn)
7.1.5.1. U.S.
7.1.5.1.1. U.S. Surge Protection Devices Market by Type (2018-2027 USD Mn)
7.1.5.1.2. U.S. Surge Protection Devices Market by Power Rating (2018-2027 USD Mn)
7.1.5.1.3. U.S. Surge Protection Devices Market by End-Use (2018-2027 USD Mn)
7.1.5.2. Canada
7.1.5.2.1. Canada Surge Protection Devices Market by Type (2018-2027 USD Mn)
7.1.5.2.2. Canada Surge Protection Devices Market by Power Rating (2018-2027 USD Mn)
7.1.5.2.3. Canada Surge Protection Devices Market by End-Use (2018-2027 USD Mn)

 

8. Europe Surge Protection Devices Market Analysis and Forecast, 2018 – 2027 (USD Mn)


8.1.1. Overview
8.1.2. Europe Surge Protection Devices Market by Type (2018-2027 USD Mn)
8.1.3. Europe Surge Protection Devices Market by Power Rating (2018-2027 USD Mn)
8.1.4. Europe Surge Protection Devices Market by End-Use (2018-2027 USD Mn)
8.1.5. Europe Surge Protection Devices Market by Country (2018-2027 USD Mn)
8.1.5.1. Germany
8.1.5.1.1. Germany Surge Protection Devices Market by Type (2018-2027 USD Mn)
8.1.5.1.2. Germany Surge Protection Devices Market by Power Rating (2018-2027 USD Mn)
8.1.5.1.3. Germany Surge Protection Devices Market by End-Use (2018-2027 USD Mn)
8.1.5.2. U.K.
8.1.5.2.1. U.K. Surge Protection Devices Market by Type (2018-2027 USD Mn)
8.1.5.2.2. U.K. Surge Protection Devices Market by Power Rating (2018-2027 USD Mn)
8.1.5.2.3. U.K. Surge Protection Devices Market by End-Use (2018-2027 USD Mn)
8.1.5.3. France
8.1.5.3.1. France Surge Protection Devices Market by Type (2018-2027 USD Mn)
8.1.5.3.2. France Surge Protection Devices Market by Power Rating (2018-2027 USD Mn)
8.1.5.3.3. France Surge Protection Devices Market by End-Use (2018-2027 USD Mn)
8.1.5.4. Italy
8.1.5.4.1. Italy Surge Protection Devices Market by Type (2018-2027 USD Mn)
8.1.5.4.2. Italy Surge Protection Devices Market by Power Rating (2018-2027 USD Mn)
8.1.5.4.3. Italy Surge Protection Devices Market by End-Use (2018-2027 USD Mn)
8.1.5.5. Rest of Europe
8.1.5.5.1. Rest of Europe Surge Protection Devices Market by Type (2018-2027 USD Mn)
8.1.5.5.2. Rest of Europe Surge Protection Devices Market by Power Rating (2018-2027 USD Mn)
8.1.5.5.3. Rest of Europe Surge Protection Devices Market by End-Use (2018-2027 USD Mn)

 

9. Asia Pacific Surge Protection Devices Market Analysis and Forecast, 2018 – 2027 (USD Mn)


9.1.1. Overview
9.1.2. Asia Pacific Surge Protection Devices Market by Type (2018-2027 USD Mn)
9.1.3. Asia Pacific Surge Protection Devices Market by Power Rating (2018-2027 USD Mn)
9.1.4. Asia Pacific Surge Protection Devices Market by End-Use (2018-2027 USD Mn)
9.1.5. Asia Pacific Surge Protection Devices Market by Country (2018-2027 USD Mn)
9.1.5.1. China
9.1.5.1.1. China Surge Protection Devices Market by Type (2018-2027 USD Mn)
9.1.5.1.2. China Surge Protection Devices Market by Power Rating (2018-2027 USD Mn)
9.1.5.1.3. China Surge Protection Devices Market by End-Use (2018-2027 USD Mn)
9.1.5.2. Japan
9.1.5.2.1. Japan Surge Protection Devices Market by Type (2018-2027 USD Mn)
9.1.5.2.2. Japan Surge Protection Devices Market by Power Rating (2018-2027 USD Mn)
9.1.5.2.3. Japan Surge Protection Devices Market by End-Use (2018-2027 USD Mn)
9.1.5.3. Rest of Asia Pacific
9.1.5.3.1. Rest of Asia Pacific Surge Protection Devices Market by Type (2018-2027 USD Mn)
9.1.5.3.2. Rest of Asia Pacific Surge Protection Devices Market by Power Rating (2018-2027 USD Mn)
9.1.5.3.3. Rest of Asia Pacific Surge Protection Devices Market by End-Use (2018-2027 USD Mn)

 

10. Latin America (LATAM) Surge Protection Devices Market Analysis and Forecast, 2018 – 2027 (USD Mn)


10.1.1. Overview
10.1.2. Latin America Surge Protection Devices Market by Type (2018-2027 USD Mn)
10.1.3. Latin America Surge Protection Devices Market by Power Rating (2018-2027 USD Mn)
10.1.4. Latin America Surge Protection Devices Market by End-Use (2018-2027 USD Mn)
10.1.5. Latin America Surge Protection Devices Market by Country (2018-2027 USD Mn)
10.1.5.1. Brazil
10.1.5.1.1. Brazil Surge Protection Devices Market by Type (2018-2027 USD Mn)
10.1.5.1.2. Brazil Surge Protection Devices Market by Power Rating (2018-2027 USD Mn)
10.1.5.1.3. Brazil Surge Protection Devices Market by End-Use (2018-2027 USD Mn)
10.1.5.2. Mexico
10.1.5.2.1. Mexico Surge Protection Devices Market by Type (2018-2027 USD Mn)
10.1.5.2.2. Mexico Surge Protection Devices Market by Power Rating (2018-2027 USD Mn)
10.1.5.2.3. Mexico Surge Protection Devices Market by End-Use (2018-2027 USD Mn)
10.1.5.3. Rest of Latin America
10.1.5.3.1. Rest of Latin America Surge Protection Devices Market by Type (2018-2027 USD Mn)
10.1.5.3.2. Rest of Latin America Surge Protection Devices Market by Power Rating (2018-2027 USD Mn)
10.1.5.3.3. Rest of Latin America Surge Protection Devices Market by End-Use (2018-2027 USD Mn)

 

11. Middle East and Africa Surge Protection Devices Market Analysis and Forecast, 2018 – 2027 (USD Mn)


11.1.1. Overview
11.1.2. MEA Surge Protection Devices Market by Type (2018-2027 USD Mn)
11.1.3. MEA Surge Protection Devices Market by Power Rating (2018-2027 USD Mn)
11.1.4. MEA Surge Protection Devices Market by End-Use (2018-2027 USD Mn)
11.1.5. Middle East and Africa Surge Protection Devices Market, by Country (2018-2027 USD Mn)
11.1.5.1. GCC
11.1.5.1.1. GCC Surge Protection Devices Market by Type (2018-2027 USD Mn)
11.1.5.1.2. GCC Surge Protection Devices Market by Power Rating (2018-2027 USD Mn)
11.1.5.1.3. GCC Surge Protection Devices Market by End-Use (2018-2027 USD Mn)
11.1.5.2. South Africa
11.1.5.2.1. South Africa Surge Protection Devices Market by Type (2018-2027 USD Mn)
11.1.5.2.2. South Africa Surge Protection Devices Market by Power Rating (2018-2027 USD Mn)
11.1.5.2.3. South Africa Surge Protection Devices Market by End-Use (2018-2027 USD Mn)
11.1.5.3. Rest of MEA
11.1.5.3.1. Rest of MEA Surge Protection Devices Market by Type (2018-2027 USD Mn)
11.1.5.3.2. Rest of MEA Surge Protection Devices Market by Power Rating (2018-2027 USD Mn)
11.1.5.3.3. Rest of MEA Surge Protection Devices Market by End-Use (2018-2027 USD Mn)

 

12. Company Profiles


12.1. ABB, Ltd.
12.1.1. Business Description
12.1.2. Financial Health and Budget Allocation
12.1.3. Product Positions/Portfolio
12.1.4. Recent Development
12.1.5. SWOT Analysis
12.2. Siemens AG
12.2.1. Business Description
12.2.2. Financial Health and Budget Allocation
12.2.3. Product Positions/Portfolio
12.2.4. Recent Development
12.2.5. SWOT Analysis
12.3. Schneider Electric SE
12.3.1. Business Description
12.3.2. Financial Health and Budget Allocation
12.3.3. Product Positions/Portfolio
12.3.4. Recent Development
12.3.5. SWOT Analysis
12.4. General Electric
12.4.1. Business Description
12.4.2. Financial Health and Budget Allocation
12.4.3. Product Positions/Portfolio
12.4.4. Recent Development
12.4.5. SWOT Analysis
12.5. Eaton Corporation, Plc.
12.5.1. Business Description
12.5.2. Financial Health and Budget Allocation
12.5.3. Product Positions/Portfolio
12.5.4. Recent Development
12.5.5. SWOT Analysis
12.6. Emerson Electric Co.
12.6.1. Business Description
12.6.2. Financial Health and Budget Allocation
12.6.3. Product Positions/Portfolio
12.6.4. Recent Development
12.6.5. SWOT Analysis
12.7. Legrand SA
12.7.1. Business Description
12.7.2. Financial Health and Budget Allocation
12.7.3. Product Positions/Portfolio
12.7.4. Recent Development
12.7.5. SWOT Analysis
12.8. Littelfuse, Inc.
12.8.1. Business Description
12.8.2. Financial Health and Budget Allocation
12.8.3. Product Positions/Portfolio
12.8.4. Recent Development
12.8.5. SWOT Analysis
12.9. Tripp Lite
12.9.1. Business Description
12.9.2. Financial Health and Budget Allocation
12.9.3. Product Positions/Portfolio
12.9.4. Recent Development
12.9.5. SWOT Analysis
12.10. Vertiv Group Corp.
12.10.1. Business Description
12.10.2. Financial Health and Budget Allocation
12.10.3. Product Positions/Portfolio
12.10.4. Recent Development
12.10.5. SWOT Analysis
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