Surge protection devices are used to protect electronic equipment from a power surge. The power surge is a spike in electric current and occurs due to a sudden interruption in the flow of electricity. These devices allow various components to plug into a single power outlet.
The surge protection devices market is mainly driven by the increasing usage of electronic devices across the globe. Increased adoption of smart electronic equipment such as smart TV, personal computers, printers, industrial control equipment such as microwaves, washing machines, and alarms is expected to grow the market at a rapid pace. Some of these equipment come with advanced technology and therefore has a high cost. Damage of these equipment due to the power surge is not affordable, therefore, demand of surge protection devices increases in developed as well as developing countries. Intense competition in electronic equipment manufacturers is another key factor to drive the surge protection devices market. Surge protection devices are widely used in different application areas such as residential and commercial. This has fueled the growth of global surge protection devices market. Increasing research and developments in the manufacturing industry is likely to open a new opportunity for this market.
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The report gives a widespread view on the surge protection devices market. We have included a comprehensive competitive scenario and product portfolio of key vendors in this research study. To understand the competitive landscape in the market, Porter’s Five Forces model’s analysis for the surge protection devices market has also been incorporated. The study covers a market attractiveness analysis, wherein type, application, and regional segments are benchmarked based on their growth rate, market size and attractiveness. The market size and forecasts in terms of revenue (USD million) for the period 2015 to 2021, considering 2015 as the base year, have been provided for these segments of the report.
The global surge protection devices market is segmented on the basis of type, application, and region. Based on different types, the market is segmented as plug-in devices, hard-wired devices, line cord devices and power control center. Application segments have been analyzed based on historic, present, and future trends, and the market has been estimated from 2015 to 2021 in terms of revenue (USD Million). Residential, commercial and industrial are the application segments of surge protection devices market.
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Major regional segments analyzed in this study include North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. This report also provides further bifurcation of the region on the country level. Major countries analyzed in this reports are U.S., Germany, France, UK, China, Japan, India, and Brazil. North America dominated the surge protection devices market in 2015 due to the high disposable income in the region.
Some of the key players for global surge protection devices market includes Schneider Electric, ABB Limited, Eaton Corp., Siemens AG, Emerson Electric Co., GE Industrial Solutions, Crompton Greaves Ltd., Advanced Protection Technologies, Raycap Corporation S.A, Belkin International and Phoenix Contact GmbH.
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