The worldwide Surge Protection Devices market measurement is anticipated to achieve USD zz billion by 2030 and is anticipated to increase at a CAGR of zz% from 2021 to 2030.
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Growth Factors
The growing need to protect electrical equipment from surges is primarily expected to drive the growth of the market. The high costs associated with electrical equipment downtime are also expected to drive the adoption of surge protection devices (SPDs) over the forecast period. The growing awareness among consumers about safeguarding electronic appliances from potential surges also bodes well for the growth of the market.
Surge protection devices are critical for businesses and both residential and commercial establishments. SPDs help in protecting consumer electronics and electrical equipment from voltage fluctuations
Report Coverage
| Report Scope | Details |
| Market Size | USD 9.41 billion by 2030 |
| Growth Rate | CAGR of 11.5% From 2021 to 2030 |
| Base Year | 2020 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Product, Type, Power rating, End-use |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | ABB; General Electric; Schneider Electric; Eaton; Legrand; Emerson Electric Co.; Siemens; cgglobal.com; Tripp Lite; Vertiv Group Corp. |
Report Highlights
The hard-wired segment dominated the market in 2020 and accounted for a share of more than 50.0% of the global revenue. Hard-wired SPDs are typically installed on power lines for the protection of devices and outlets downstream from the device.
The plug-in segment is anticipated to register the highest CAGR over the forecast period. Plug-in SPDs are mainly installed in intermediate panels and at the origin of the network for protecting the equipment from indirect lightning strikes.
The type 2 segment dominated the market in 2020 and accounted for a share of more than 35.0% of the global revenue. Type 2 SPDs are designed for industrial and commercial applications.
The type 1 segment is expected to register the fastest growth over the forecast period. Type 1 SPDs are incorporated primarily to protect electronic equipment from lightning surges.
Power rating is one of the critical parameters helping in selecting the type of SPD to be used. However, the power rating is often mistaken for the ability of an SPD to provide enhanced protection. SPDs with a higher kA factor do not provide enhanced protection but rather deliver a longer product life.
The 50.1-100 kA segment is projected to register the highest CAGR over the forecast period. SPDs with power ratings ranging from 50.1 kA to 100 kA are primarily used by manufacturing units and for residential and commercial applications.
The industries & manufacturing units segment dominated the SPD market in 2020 and accounted for a share of over 36.0% of the global revenue.The commercial complexes segment is anticipated to register a promising CAGR over the forecast period. The commercial sector in developing economies, such as India, is growing noticeably owing to the favorable policies, such as Make in India and Startup India, being pursued by the government.
North America dominated the surge protection device market in 2020 and accounted for a share of over 40.0% of the global revenue. The region happens to be an early adopter of advanced technologies. The level of awareness about the benefits of SPDs is also very high in the region.
Key Players
- ABB
- General Electric
- Schneider Electric
- Eaton
- Legrand
- Emerson Electric Co.
- Siemens
- cgglobal.com
- Tripp Lite
- Vertiv Group Corp.
Market Segmentation
- Product
- Hard-wired
- Plug-in
- Line Cord
- Power Control Devices
- Type
- Type 1
- Type 2
- Type 3
- Type 4
- Power Rating
- 0-50 kA
- 50.1-100 kA
- 100.1-200 kA
- 200.1 kA and Above
- End-use
- Commercial Complexes
- Data Center
- Industries & Manufacturing Units
- Medical
- Residential Buildings & Spaces
- Telecommunication
- Transportation
- Others
- Regional
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Middle East & Africa
- North America
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Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Surge Protection Devices Market, By Product
7.1. Surge Protection Devices Market, by Product, 2021-2030
7.1.1. Hard-wired
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Plug-in
7.1.2.1. Market Revenue and Forecast (2017-2030)
7.1.3. Line Cord
7.1.3.1. Market Revenue and Forecast (2017-2030)
7.1.4. Power Control Devices
7.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Surge Protection Devices Market, By Type
8.1. Surge Protection Devices Market, by Type, 2021-2030
8.1.1. Type 1
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Type 2
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Type 3
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Type 4
8.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Surge Protection Devices Market, By Power Rating
9.1. Surge Protection Devices Market, by Power Rating, 2021-2030
9.1.1. 0-50 kA
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. 50.1-100 kA
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. 100.1-200 kA
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. 200.1 kA and Above
9.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Surge Protection Devices Market, By End-use
10.1. Surge Protection Devices Market, by End-use, 2021-2030
10.1.1. Commercial Complexes
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Data Center
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Industries & Manufacturing Units
10.1.3.1. Market Revenue and Forecast (2017-2030)
10.1.4. Medical
10.1.4.1. Market Revenue and Forecast (2017-2030)
10.1.5. Residential Buildings & Spaces
10.1.5.1. Market Revenue and Forecast (2017-2030)
10.1.6. Telecommunication
10.1.6.1. Market Revenue and Forecast (2017-2030)
10.1.7. Transportation
10.1.7.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Surge Protection Devices Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Product (2017-2030)
11.1.2. Market Revenue and Forecast, by Type (2017-2030)
11.1.3. Market Revenue and Forecast, by Power Rating (2017-2030)
11.1.4. Market Revenue and Forecast, by End-use (2017-2030)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.1.5.2. Market Revenue and Forecast, by Type (2017-2030)
11.1.5.3. Market Revenue and Forecast, by Power Rating (2017-2030)
11.1.5.4. Market Revenue and Forecast, by End-use (2017-2030)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, by Product (2017-2030)
11.1.6.2. Market Revenue and Forecast, by Type (2017-2030)
11.1.6.3. Market Revenue and Forecast, by Power Rating (2017-2030)
11.1.6.4. Market Revenue and Forecast, by End-use (2017-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Product (2017-2030)
11.2.2. Market Revenue and Forecast, by Type (2017-2030)
11.2.3. Market Revenue and Forecast, by Power Rating (2017-2030)
11.2.4. Market Revenue and Forecast, by End-use (2017-2030)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.2.5.2. Market Revenue and Forecast, by Type (2017-2030)
11.2.5.3. Market Revenue and Forecast, by Power Rating (2017-2030)
11.2.5.4. Market Revenue and Forecast, by End-use (2017-2030)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, by Product (2017-2030)
11.2.6.2. Market Revenue and Forecast, by Type (2017-2030)
11.2.6.3. Market Revenue and Forecast, by Power Rating (2017-2030)
11.2.6.4. Market Revenue and Forecast, by End-use (2017-2030)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, by Product (2017-2030)
11.2.7.2. Market Revenue and Forecast, by Type (2017-2030)
11.2.7.3. Market Revenue and Forecast, by Power Rating (2017-2030)
11.2.7.4. Market Revenue and Forecast, by End-use (2017-2030)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, by Product (2017-2030)
11.2.8.2. Market Revenue and Forecast, by Type (2017-2030)
11.2.8.3. Market Revenue and Forecast, by Power Rating (2017-2030)
11.2.8.4. Market Revenue and Forecast, by End-use (2017-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Product (2017-2030)
11.3.2. Market Revenue and Forecast, by Type (2017-2030)
11.3.3. Market Revenue and Forecast, by Power Rating (2017-2030)
11.3.4. Market Revenue and Forecast, by End-use (2017-2030)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.3.5.2. Market Revenue and Forecast, by Type (2017-2030)
11.3.5.3. Market Revenue and Forecast, by Power Rating (2017-2030)
11.3.5.4. Market Revenue and Forecast, by End-use (2017-2030)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, by Product (2017-2030)
11.3.6.2. Market Revenue and Forecast, by Type (2017-2030)
11.3.6.3. Market Revenue and Forecast, by Power Rating (2017-2030)
11.3.6.4. Market Revenue and Forecast, by End-use (2017-2030)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, by Product (2017-2030)
11.3.7.2. Market Revenue and Forecast, by Type (2017-2030)
11.3.7.3. Market Revenue and Forecast, by Power Rating (2017-2030)
11.3.7.4. Market Revenue and Forecast, by End-use (2017-2030)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, by Product (2017-2030)
11.3.8.2. Market Revenue and Forecast, by Type (2017-2030)
11.3.8.3. Market Revenue and Forecast, by Power Rating (2017-2030)
11.3.8.4. Market Revenue and Forecast, by End-use (2017-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Product (2017-2030)
11.4.2. Market Revenue and Forecast, by Type (2017-2030)
11.4.3. Market Revenue and Forecast, by Power Rating (2017-2030)
11.4.4. Market Revenue and Forecast, by End-use (2017-2030)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.4.5.2. Market Revenue and Forecast, by Type (2017-2030)
11.4.5.3. Market Revenue and Forecast, by Power Rating (2017-2030)
11.4.5.4. Market Revenue and Forecast, by End-use (2017-2030)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, by Product (2017-2030)
11.4.6.2. Market Revenue and Forecast, by Type (2017-2030)
11.4.6.3. Market Revenue and Forecast, by Power Rating (2017-2030)
11.4.6.4. Market Revenue and Forecast, by End-use (2017-2030)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, by Product (2017-2030)
11.4.7.2. Market Revenue and Forecast, by Type (2017-2030)
11.4.7.3. Market Revenue and Forecast, by Power Rating (2017-2030)
11.4.7.4. Market Revenue and Forecast, by End-use (2017-2030)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, by Product (2017-2030)
11.4.8.2. Market Revenue and Forecast, by Type (2017-2030)
11.4.8.3. Market Revenue and Forecast, by Power Rating (2017-2030)
11.4.8.4. Market Revenue and Forecast, by End-use (2017-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.5.2. Market Revenue and Forecast, by Type (2017-2030)
11.5.3. Market Revenue and Forecast, by Power Rating (2017-2030)
11.5.4. Market Revenue and Forecast, by End-use (2017-2030)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.5.5.2. Market Revenue and Forecast, by Type (2017-2030)
11.5.5.3. Market Revenue and Forecast, by Power Rating (2017-2030)
11.5.5.4. Market Revenue and Forecast, by End-use (2017-2030)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, by Product (2017-2030)
11.5.6.2. Market Revenue and Forecast, by Type (2017-2030)
11.5.6.3. Market Revenue and Forecast, by Power Rating (2017-2030)
11.5.6.4. Market Revenue and Forecast, by End-use (2017-2030)
Chapter 12. Company Profiles
12.1. ABB
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. General Electric
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Schneider Electric
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Eaton
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Legrand
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Emerson Electric Co.
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Siemens
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. cgglobal.com
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Tripp Lite
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Vertiv Group Corp.
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
Glossary of Terms
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