Market Overview:
The global industrial surge protectors market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for industrial surge protectors from various end-use industries, such as electronic equipment, instrumentation, power industry, communication, transportation and others. In addition, the growing awareness about the benefits of using industrial surge protectors is also contributing to the growth of this market. Based on type, the global industrial surge protectors market can be segmented into plug-in devices, hard wired devices and line cord devices. Plug-in devices are expected to account for a major share of this market in 2018 owing to their easy installation and low cost as compared to other types of industrial surge protectors. Hard wired devices are expected to grow at a higher CAGR during the forecast period due their high reliability and durability as compared to other types ofindustrial surge protectors.
Product Definition:
An industrial surge protector is a device that is used to protect electronic equipment from voltage spikes and surges. These devices are typically installed in electrical panels, and help to protect sensitive equipment from damage.
Plug-in Devices:
Plug-in devices are electronic equipment that is connected to a computer by means of a USB or FireWire cable and functions as an extension to the desktop. They can be used for communication, data storage, processing and display purposes. The surge protectors are equipped with plug-in device port which allows surge protection for the equipment connected through it such as modems, printers etc.
Hard Wired Devices:
Hard wired devices are directly connected from the source of power to the load. They usually have a large number of wires that are used for carrying electricity from one end to another. The most common examples include electrical outlets, light switches, and plugs in residential homes as well as commercial buildings.
Application Insights:
The power industry segment accounted for the largest revenue share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for industrial equipment, such as transformers, switchgear & protection gear, and other associated products across various industries including oil & gas and power generation.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to rising industrialization and increasing demand for electronic products in countries such as China, India, Japan, South Korea, Taiwan and Thailand. Furthermore, growing infrastructure development activities in this region will drive the market further. For instance; In October 2016; China Telecom extended its network reach of fiber-to-the-home (FTTH) with an investment of USD X million which covered more than 870 cities and towns across 29 provinces. Such investments are anticipated to boost industry expansion over the next eight years or so.
Growth Factors:
- Increasing demand for industrial surge protectors from the electrical and electronics industry as a result of the growing adoption of advanced technologies.
- Rising concerns over power outages and their impact on businesses, which is driving demand for reliable and efficient surge protection solutions.
- Growing investments in data centers and other critical infrastructure, which is fueling demand for industrial surge protectors with higher ratings to protect sensitive equipment against voltage spikes.
- Rapid expansion of the global telecommunications market, especially in developing countries, which is leading to an increase in network installations that are vulnerable to surges and lightning strikes.
- Proliferation of smart grids and energy-efficient buildings, both of which are increasing the need for effective surge protection solutions across various industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Surge Protectors Market Research Report
By Type
Plug-in Devices, Hard Wired Devices, Line Cord Devices, Power Control Center
By Application
Electronic Equipment, Instrumentation, Power Industry, Communication, Transporation, Other
By Companies
ABB, Siemens, Eaton, Schneider Electric, Phoenix Contact, GE, Emerson, Rockwell Automation, Leviton, Vertiv, ABB, ERICO International, Tripp-Lite
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
188
Number of Tables & Figures
132
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Surge Protectors Market Report Segments:
The global Industrial Surge Protectors market is segmented on the basis of:
Types
Plug-in Devices, Hard Wired Devices, Line Cord Devices, Power Control Center
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Electronic Equipment, Instrumentation, Power Industry, Communication, Transporation, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Siemens
- Eaton
- Schneider Electric
- Phoenix Contact
- GE
- Emerson
- Rockwell Automation
- Leviton
- Vertiv
- ABB
- ERICO International
- Tripp-Lite
Highlights of The Industrial Surge Protectors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Plug-in Devices
- Hard Wired Devices
- Line Cord Devices
- Power Control Center
- By Application:
- Electronic Equipment
- Instrumentation
- Power Industry
- Communication
- Transporation
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Surge Protectors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial surge protectors are devices that help to protect electronic equipment from surges in voltage. These surges can occur when the power supply to an industrial facility suddenly goes out, or when there is a power outage at a substation.
Some of the major players in the industrial surge protectors market are ABB, Siemens, Eaton, Schneider Electric, Phoenix Contact, GE, Emerson, Rockwell Automation, Leviton, Vertiv, ABB, ERICO International, Tripp-Lite.
The industrial surge protectors market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Surge Protectors Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Industrial Surge Protectors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Surge Protectors Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Industrial Surge Protectors Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Industrial Surge Protectors Market Size & Forecast, 2018-2028
4.5.1 Industrial Surge Protectors Market Size and Y-o-Y Growth
4.5.2 Industrial Surge Protectors Market Absolute $ Opportunity
Chapter 5 Global Industrial Surge Protectors Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Industrial Surge Protectors Market Size Forecast by Type
5.2.1 Plug-in Devices
5.2.2 Hard Wired Devices
5.2.3 Line Cord Devices
5.2.4 Power Control Center
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Industrial Surge Protectors Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Industrial Surge Protectors Market Size Forecast by Applications
6.2.1 Electronic Equipment
6.2.2 Instrumentation
6.2.3 Power Industry
6.2.4 Communication
6.2.5 Transporation
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Surge Protectors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Industrial Surge Protectors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Industrial Surge Protectors Analysis and Forecast
9.1 Introduction
9.2 North America Industrial Surge Protectors Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Industrial Surge Protectors Market Size Forecast by Type
9.6.1 Plug-in Devices
9.6.2 Hard Wired Devices
9.6.3 Line Cord Devices
9.6.4 Power Control Center
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Industrial Surge Protectors Market Size Forecast by Applications
9.10.1 Electronic Equipment
9.10.2 Instrumentation
9.10.3 Power Industry
9.10.4 Communication
9.10.5 Transporation
9.10.6 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Industrial Surge Protectors Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial Surge Protectors Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Industrial Surge Protectors Market Size Forecast by Type
10.6.1 Plug-in Devices
10.6.2 Hard Wired Devices
10.6.3 Line Cord Devices
10.6.4 Power Control Center
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Industrial Surge Protectors Market Size Forecast by Applications
10.10.1 Electronic Equipment
10.10.2 Instrumentation
10.10.3 Power Industry
10.10.4 Communication
10.10.5 Transporation
10.10.6 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Industrial Surge Protectors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial Surge Protectors Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Industrial Surge Protectors Market Size Forecast by Type
11.6.1 Plug-in Devices
11.6.2 Hard Wired Devices
11.6.3 Line Cord Devices
11.6.4 Power Control Center
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Industrial Surge Protectors Market Size Forecast by Applications
11.10.1 Electronic Equipment
11.10.2 Instrumentation
11.10.3 Power Industry
11.10.4 Communication
11.10.5 Transporation
11.10.6 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Industrial Surge Protectors Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial Surge Protectors Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Industrial Surge Protectors Market Size Forecast by Type
12.6.1 Plug-in Devices
12.6.2 Hard Wired Devices
12.6.3 Line Cord Devices
12.6.4 Power Control Center
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Industrial Surge Protectors Market Size Forecast by Applications
12.10.1 Electronic Equipment
12.10.2 Instrumentation
12.10.3 Power Industry
12.10.4 Communication
12.10.5 Transporation
12.10.6 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Industrial Surge Protectors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial Surge Protectors Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Industrial Surge Protectors Market Size Forecast by Type
13.6.1 Plug-in Devices
13.6.2 Hard Wired Devices
13.6.3 Line Cord Devices
13.6.4 Power Control Center
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Industrial Surge Protectors Market Size Forecast by Applications
13.10.1 Electronic Equipment
13.10.2 Instrumentation
13.10.3 Power Industry
13.10.4 Communication
13.10.5 Transporation
13.10.6 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Industrial Surge Protectors Market: Competitive Dashboard
14.2 Global Industrial Surge Protectors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Siemens
14.3.3 Eaton
14.3.4 Schneider Electric
14.3.5 Phoenix Contact
14.3.6 GE
14.3.7 Emerson
14.3.8 Rockwell Automation
14.3.9 Leviton
14.3.10 Vertiv
14.3.11 ABB
14.3.12 ERICO International
14.3.13 Tripp-Lite
