Market Overview:
The global surge protection devices market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for passenger cars, light commercial vehicles, trucks, and buses across the globe. Additionally, the growing awareness about safety and security among consumers is also propelling the growth of this market. The global surge protection devices market by type is segmented into passive suspension, semi-active suspension, and active suspension. The passive suspension segment is expected to hold a major share of the global surge protection devices market during the forecast period owing to its low cost and easy installation.
Product Definition:
A surge protector (or surge suppressor) is an electronic device or component that protects electrical equipment from voltage spikes. A voltage spike is a sudden increase in the voltage of an electric current.
Passive Suspension:
Passive suspension is a technology that uses air or gas springs to provide support for the weight of an equipment. In surge protection devices, passive suspension finds its application in protecting electrical devices from lightning surges and transients.
The global passive suspension products market size was valued at USD 1,849.7 million in 2016 and is expected to grow at a CAGR of XX% over the forecast period.
Semi-Active Suspension:
Semi-active suspension is a technique of power transmission in which the energy losses are reduced by using dynamic friction. It is also known as active vibration control system. In this system, there is no mechanical connection between the source and load; however, energy losses are reduced to an extent owing to mutual influence of vibrations and friction among loads and sources.
Application Insights:
The passenger car application segment led the global surge protection devices market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing production of passenger cars across economies, such as China, India and Brazil. Moreover, stringent government regulations on installation of safety equipment in vehicles are expected to drive demand for surge protectors over the coming years.
The light commercial vehicle application segment accounted for more than 20% share in 2017 owing to rising adoption of these vehicles in developing countries including Vietnam and Indonesia due to low cost rentals offered by them along with flexible work schedules preferred by consumers there.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing demand for passenger cars and light commercial vehicles in countries such as China, India, Japan, and South Korea. In addition, rising investments by OEMs in developing countries are anticipated to fuel product demand over the next eight years. For instance, Hyundai Motor Company has announced plans of investing around USD X billion by 2020 in India’s automobile industry. This factor is also expected to have a positive impact on regional market development during the forecast period.
North America was estimated as being worth USD X million in 2017 owing to presence of key automotive manufacturers along with high consumer disposable income levels across U S A and Canada that make consumers more willing & able spend on vehicle accessories including surge protection devices for their automobiles/light commercial vehicles etc.
Growth Factors:
- Increasing demand for surge protection devices from the industrial sector as a result of growing awareness about the benefits of using these devices in order to protect equipment and operations from voltage surges.
- Rapid expansion of the telecommunications and data storage industries, which are key end-users of surge protection devices, due to rising demand for bandwidth and storage capacity.
- Proliferation of smart grids and other advanced power distribution systems that make use of digital technologies, which has led to an increase in the number of transient voltage events that can damage electronic equipment.
- Growing concerns over cybersecurity threats that could potentially disrupt critical infrastructure operations, leading organizations to invest in surge protection devices as a safeguard against such attacks.
Scope Of The Report
Report Attributes
Report Details
Report Title
Surge Protection Devices Market Research Report
By Type
Passive Suspension, Semi-Active Suspension, Active Suspension
By Application
Passenger Car, Light Commercial Vehicle, Truck, Bus
By Companies
ZF, Tenneco, KYB, Continental, Benteler, Magneti Marelli, Thyssenkrupp, Mando, NHK Springs, Sogefi
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
207
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Surge Protection Devices Market Report Segments:
The global Surge Protection Devices market is segmented on the basis of:
Types
Passive Suspension, Semi-Active Suspension, Active Suspension
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
Passenger Car, Light Commercial Vehicle, Truck, Bus
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:
- ZF
- Tenneco
- KYB
- Continental
- Benteler
- Magneti Marelli
- Thyssenkrupp
- Mando
- NHK Springs
- Sogefi
Highlights of The Surge Protection Devices 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:
- Passive Suspension
- Semi-Active Suspension
- Active Suspension
- By Application:
- Passenger Car
- Light Commercial Vehicle
- Truck
- Bus
- 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 Surge Protection Devices 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?
Surge protection devices are a type of electrical equipment that protect electronic equipment from surges in voltage.
Some of the major companies in the surge protection devices market are ZF, Tenneco, KYB, Continental, Benteler, Magneti Marelli, Thyssenkrupp, Mando, NHK Springs, Sogefi.
The surge protection devices market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Surge Protection Devices 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 Surge Protection Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Surge Protection Devices 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 Surge Protection Devices 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 Surge Protection Devices Market Size & Forecast, 2020-2028
4.5.1 Surge Protection Devices Market Size and Y-o-Y Growth
4.5.2 Surge Protection Devices Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Passive Suspension
5.2.2 Semi-Active Suspension
5.2.3 Active Suspension
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Light Commercial Vehicle
6.2.3 Truck
6.2.4 Bus
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Surge Protection Devices 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 Surge Protection Devices 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Passive Suspension
9.6.2 Semi-Active Suspension
9.6.3 Active Suspension
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 Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Light Commercial Vehicle
9.10.3 Truck
9.10.4 Bus
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Passive Suspension
10.6.2 Semi-Active Suspension
10.6.3 Active Suspension
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 Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Light Commercial Vehicle
10.10.3 Truck
10.10.4 Bus
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Passive Suspension
11.6.2 Semi-Active Suspension
11.6.3 Active Suspension
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 Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Light Commercial Vehicle
11.10.3 Truck
11.10.4 Bus
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Passive Suspension
12.6.2 Semi-Active Suspension
12.6.3 Active Suspension
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 Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Light Commercial Vehicle
12.10.3 Truck
12.10.4 Bus
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Passive Suspension
13.6.2 Semi-Active Suspension
13.6.3 Active Suspension
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) Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Light Commercial Vehicle
13.10.3 Truck
13.10.4 Bus
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 Surge Protection Devices Market: Competitive Dashboard
14.2 Global Surge Protection Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ZF
14.3.2 Tenneco
14.3.3 KYB
14.3.4 Continental
14.3.5 Benteler
14.3.6 Magneti Marelli
14.3.7 Thyssenkrupp
14.3.8 Mando
14.3.9 NHK Springs
14.3.10 Sogefi
