Market Overview:
The global Spark Gap Protector market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for spark gap protectors in buildings, railway, and petrochemical applications. Additionally, the growing demand for spark gap protectors in Asia Pacific and Middle East & Africa is also contributing to the growth of this market.
Product Definition:
A spark gap protector is an electrical component used to prevent sparks from crossing a gap in an electrical circuit. The importance of a spark gap protector is that it prevents sparks from traveling along the circuit and causing a fire or explosion.
Axial Leadwire Type:
Axial leadwire type is used in spark gap protector to protect the operator from electric shocks. It is a flexible insulated wire, which is wound around an insulating core and then coiled into a protective shape around the insulating bushing or post. The other end of axial leadwire type is connected to ground stake or another electrical conductor.
No Lead Type:
No lead type is a new technology that was developed to meet the safety requirements of spark gap protectors. It eliminates the need for heavy, long, and expensive leads in spark gap protectors. The no-lead technology has been used by many manufacturers for years; however, it has only recently been made available to consumers as well.
The main reason behind this delay was due to the fact that most companies were using lead types in their products (as they are cheap.
Application Insights:
Petrochemical was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The growing demand for chemical products across the globe is a major factor contributing to their high usage in petrochemical plants, thereby driving product demand. In addition, Petrochemical plants are prone to multiple hazards such as fire & flame propagation, electric shock, leakage due to mechanical failure and others that can occur due to defects in insulation or gaps between conductors and equipment.
The railway application segment accounted for 10% of global market share in 2017 owing to increasing number of railway projects being constructed across various regions including Asia Pacific, Europe and North America. Moreover, stringent government regulations regarding track maintenance coupled with rising passenger traffic on account of rapid urbanization has ledto an increase in railways construction projects around the world which will further propel market growth over next eight years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rapid expansion of power generation facilities, especially coal-fired plants, across China and India. In addition, rising demand for electricity due to increasing population has led to an increase in construction activities which will further drive the product demand.
The North America market was valued at USD X million in 2017 and is projected to witness significant growth over the forecast period owing to a rise in oil & gas exploration activities along with growing need for pipeline maintenance services resulting from increased production levels of crude oil & natural gas liquids (NGLs). Moreover, stringent government regulations regarding safety are anticipated boost Spark Gap Protectors (SGP) sales across this region.
Growth Factors:
- Increasing demand for spark gap protectors in the automotive industry due to the increasing number of electric and hybrid vehicles.
- Growing demand for spark gap protectors from the oil and gas industry due to increasing exploration and production activities.
- Rising demand for spark gap protectors from the power generation sector owing to growing installation of renewable energy sources such as solar and wind power plants.
- Increasing adoption of spark gap protectors in electrical equipment owing to their ability to prevent short circuits, arcing, and fire hazards caused by sparks .
Scope Of The Report
Report Attributes
Report Details
Report Title
Spark Gap Protector Market Research Report
By Type
Axial Leadwire Type, No Lead Type, Radial LeadwireType
By Application
Buildings, Railway, Petrochemical, Others
By Companies
Thinking Electronic, Novaris, Bornika, Tecson Sealing Technology, Aplicaciones Tecnológicas, S.A., SOCAY, ERICO, Tecson-group, TDK, Thinking Electronic
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
121
Number of Tables & Figures
85
Customization Available
Yes, the report can be customized as per your need.
Global Spark Gap Protector Market Report Segments:
The global Spark Gap Protector market is segmented on the basis of:
Types
Axial Leadwire Type, No Lead Type, Radial LeadwireType
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
Buildings, Railway, Petrochemical, Others
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:
- Thinking Electronic
- Novaris
- Bornika
- Tecson Sealing Technology
- Aplicaciones Tecnológicas, S.A.
- SOCAY
- ERICO
- Tecson-group
- TDK
- Thinking Electronic
Highlights of The Spark Gap Protector 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:
- Axial Leadwire Type
- No Lead Type
- Radial LeadwireType
- By Application:
- Buildings
- Railway
- Petrochemical
- Others
- 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 Spark Gap Protector 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?
Spark Gap Protector is a type of electrical insulation that helps protect against electric shock. It is made from a material that does not conduct electricity, and it can be used to cover openings in walls or ceilings where wires or cables pass through.
Some of the major players in the spark gap protector market are Thinking Electronic, Novaris, Bornika, Tecson Sealing Technology, Aplicaciones Tecnol³gicas, S.A., SOCAY, ERICO, Tecson-group, TDK, Thinking Electronic.
The spark gap protector market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Spark Gap Protector 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 Spark Gap Protector Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Spark Gap Protector 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 Spark Gap Protector 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 Spark Gap Protector Market Size & Forecast, 2018-2028
4.5.1 Spark Gap Protector Market Size and Y-o-Y Growth
4.5.2 Spark Gap Protector Market Absolute $ Opportunity
Chapter 5 Global Spark Gap Protector 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 Spark Gap Protector Market Size Forecast by Type
5.2.1 Axial Leadwire Type
5.2.2 No Lead Type
5.2.3 Radial LeadwireType
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Spark Gap Protector 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 Spark Gap Protector Market Size Forecast by Applications
6.2.1 Buildings
6.2.2 Railway
6.2.3 Petrochemical
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Spark Gap Protector 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 Spark Gap Protector 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 Spark Gap Protector Analysis and Forecast
9.1 Introduction
9.2 North America Spark Gap Protector 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 Spark Gap Protector Market Size Forecast by Type
9.6.1 Axial Leadwire Type
9.6.2 No Lead Type
9.6.3 Radial LeadwireType
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 Spark Gap Protector Market Size Forecast by Applications
9.10.1 Buildings
9.10.2 Railway
9.10.3 Petrochemical
9.10.4 Others
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 Spark Gap Protector Analysis and Forecast
10.1 Introduction
10.2 Europe Spark Gap Protector 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 Spark Gap Protector Market Size Forecast by Type
10.6.1 Axial Leadwire Type
10.6.2 No Lead Type
10.6.3 Radial LeadwireType
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 Spark Gap Protector Market Size Forecast by Applications
10.10.1 Buildings
10.10.2 Railway
10.10.3 Petrochemical
10.10.4 Others
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 Spark Gap Protector Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Spark Gap Protector 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 Spark Gap Protector Market Size Forecast by Type
11.6.1 Axial Leadwire Type
11.6.2 No Lead Type
11.6.3 Radial LeadwireType
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 Spark Gap Protector Market Size Forecast by Applications
11.10.1 Buildings
11.10.2 Railway
11.10.3 Petrochemical
11.10.4 Others
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 Spark Gap Protector Analysis and Forecast
12.1 Introduction
12.2 Latin America Spark Gap Protector 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 Spark Gap Protector Market Size Forecast by Type
12.6.1 Axial Leadwire Type
12.6.2 No Lead Type
12.6.3 Radial LeadwireType
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 Spark Gap Protector Market Size Forecast by Applications
12.10.1 Buildings
12.10.2 Railway
12.10.3 Petrochemical
12.10.4 Others
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) Spark Gap Protector Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Spark Gap Protector 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) Spark Gap Protector Market Size Forecast by Type
13.6.1 Axial Leadwire Type
13.6.2 No Lead Type
13.6.3 Radial LeadwireType
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) Spark Gap Protector Market Size Forecast by Applications
13.10.1 Buildings
13.10.2 Railway
13.10.3 Petrochemical
13.10.4 Others
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 Spark Gap Protector Market: Competitive Dashboard
14.2 Global Spark Gap Protector Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Thinking Electronic
14.3.2 Novaris
14.3.3 Bornika
14.3.4 Tecson Sealing Technology
14.3.5 Aplicaciones Tecnológicas, S.A.
14.3.6 SOCAY
14.3.7 ERICO
14.3.8 Tecson-group
14.3.9 TDK
14.3.10 Thinking Electronic
