Market Overview:
The global 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 surge protectors in various applications, such as construction industry, communication industry, electric power industry, rail transit industry and petrochemical industry. Additionally, the growing awareness about safety and security is also propelling the growth of this market. Based on type, the global surge protectors market is segmented into power SPDs (surge protective devices), signal SPDs (surge protective devices) and antenna feeder SPDs (surge protective devices). Power SPDs are further classified into low-voltage SPDs and high-voltage SPDs. Low-voltage SPDs are used for protection against surges in equipment with voltage ratings up to 600 VAC or 300 VDC; whereas high-voltage SPD are used for protection against surges in equipment with voltage ratings above 600 VAC or 300 VDC. Signal SPDS are used for protection against transient over voltages that may occur on data lines or telephone lines; whereas antenna feeder SPDS offer protection against lightning strikes that can damage an antenna system or its cabling.
Product Definition:
A surge protector is an electronic device or a series of devices that are designed to protect electronic equipment from voltage spikes. Voltage spikes can be caused by storms, power outages, or other electrical problems. Surge protectors work by absorbing the excess voltage and then releasing it slowly. This prevents the voltage from damaging the electronics inside the surge protector.
Power SPD:
Power SPD is a new term in the surge protectors market which stands for Power Factor Derating. It's an insurance policy against expensive equipment damage caused by short circuits or overvoltage. The power supply devices such as server, workstation, printer and other peripheral devices need to be equipped with special types of surge protectors known as power conditioners or isolators.
Signal SPD:
Signal SPD is a specification that defines the maximum current that can be safely passed through a product in any single direction. The larger the number, the safer the product as it indicates minimum risk of overheating.
The Signal SPD rating of surge protectors is based on three main factors: cord length, cord type and overall protective device efficiency.
Application Insights:
The construction industry accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing investments in residential, commercial, and industrial buildings across countries such as India, China, Japan, U.S., Germany etc. Furthermore, growing urbanization due to rising population along with rapid industrialization & infrastructure development are expected to drive product demand over the coming years.
The communication industry is also anticipated to witness significant growth during the same period owing to increasing adoption of smartphones worldwide coupled with data traffic on internet which requires high-speed network connectivity offering surge protection devices for telecom companies¢â‚¬â„¢ networks & equipment installation in communication sites/networks across various regions including North America; Europe; Asia Pacific; Latin America etcetera (see figure 1).
Regional Analysis:
North America accounted for the largest market share of over 35% in 2016. The region is expected to continue its dominance over the forecast period owing to presence of a large number of major companies and increased penetration of high-speed internet services. Moreover, growing demand for power backup equipment in U.S., Canada, and Mexico is anticipated to drive regional growth during the forecast period.
Asia Pacific surge protectors market was valued at USD X million in 2016 and is projected to grow at a CAGR exceeding 7% from 2017 to 2030 due to increasing construction activities across emerging economies such as China & India which results into higher requirement for power protection devices used along with electricians tools such as fuses & circuit breakers that helps avoid damage caused by short circuits or overloads thus boosting product demand across this region.
Growth Factors:
- Increasing demand for surge protectors from the commercial sector as a result of growing awareness about the benefits of using surge protectors in businesses.
- Rapid growth in the number of electronic devices and appliances being used in homes and businesses, which is driving demand for surge protectors to safeguard these devices from damage caused by power surges.
- The increasing popularity of home theaters and other electronics-heavy home entertainment systems is also fueling demand for surge protectors as consumers seek to protect their investments in these systems.
- Rising concerns over power quality and its impact on electronic equipment has led to an increase in demand for Surge Protectors as a way to ensure that equipment remains operational during voltage fluctuations or spikes.
Scope Of The Report
Report Attributes
Report Details
Report Title
Surge Protectors Market Research Report
By Type
Power SPD, Signal SPD, Antenna feeder SPD
By Application
Construction industry, Communication industry, Electric power industry, Rail Transit Industry, Petrochemical Industry
By Companies
ABB, Eaton, Emersen, Siemens, Schneider Electric, GE, Littelfuse, Advanced Protection Technologies, Belkin International, Hager Electric, ABB, Panamax, REV Ritter, Raycap, Phoenix Contact, Rockwell Automation
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
125
Number of Tables & Figures
88
Customization Available
Yes, the report can be customized as per your need.
Global Surge Protectors Market Report Segments:
The global Surge Protectors market is segmented on the basis of:
Types
Power SPD, Signal SPD, Antenna feeder SPD
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
Construction industry, Communication industry, Electric power industry, Rail Transit Industry, Petrochemical Industry
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
- Eaton
- Emersen
- Siemens
- Schneider Electric
- GE
- Littelfuse
- Advanced Protection Technologies
- Belkin International
- Hager Electric
- ABB
- Panamax
- REV Ritter
- Raycap
- Phoenix Contact
- Rockwell Automation
Highlights of The 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:
- Power SPD
- Signal SPD
- Antenna feeder SPD
- By Application:
- Construction industry
- Communication industry
- Electric power industry
- Rail Transit Industry
- Petrochemical Industry
- 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 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
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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?
A surge protector is a device that helps to protect electronic equipment from power surges.
Some of the major players in the surge protectors market are ABB, Eaton, Emersen, Siemens, Schneider Electric, GE, Littelfuse, Advanced Protection Technologies, Belkin International, Hager Electric, ABB, Panamax, REV Ritter, Raycap, Phoenix Contact, Rockwell Automation.
The surge protectors 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 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 Surge Protectors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 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 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 Surge Protectors Market Size & Forecast, 2018-2028
4.5.1 Surge Protectors Market Size and Y-o-Y Growth
4.5.2 Surge Protectors Market Absolute $ Opportunity
Chapter 5 Global 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 Surge Protectors Market Size Forecast by Type
5.2.1 Power SPD
5.2.2 Signal SPD
5.2.3 Antenna feeder SPD
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Surge Protectors Market Size Forecast by Applications
6.2.1 Construction industry
6.2.2 Communication industry
6.2.3 Electric power industry
6.2.4 Rail Transit Industry
6.2.5 Petrochemical Industry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global 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 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 Surge Protectors Analysis and Forecast
9.1 Introduction
9.2 North America 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 Surge Protectors Market Size Forecast by Type
9.6.1 Power SPD
9.6.2 Signal SPD
9.6.3 Antenna feeder SPD
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 Surge Protectors Market Size Forecast by Applications
9.10.1 Construction industry
9.10.2 Communication industry
9.10.3 Electric power industry
9.10.4 Rail Transit Industry
9.10.5 Petrochemical Industry
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 Surge Protectors Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Surge Protectors Market Size Forecast by Type
10.6.1 Power SPD
10.6.2 Signal SPD
10.6.3 Antenna feeder SPD
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 Surge Protectors Market Size Forecast by Applications
10.10.1 Construction industry
10.10.2 Communication industry
10.10.3 Electric power industry
10.10.4 Rail Transit Industry
10.10.5 Petrochemical Industry
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 Surge Protectors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Surge Protectors Market Size Forecast by Type
11.6.1 Power SPD
11.6.2 Signal SPD
11.6.3 Antenna feeder SPD
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 Surge Protectors Market Size Forecast by Applications
11.10.1 Construction industry
11.10.2 Communication industry
11.10.3 Electric power industry
11.10.4 Rail Transit Industry
11.10.5 Petrochemical Industry
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 Surge Protectors Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Surge Protectors Market Size Forecast by Type
12.6.1 Power SPD
12.6.2 Signal SPD
12.6.3 Antenna feeder SPD
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 Surge Protectors Market Size Forecast by Applications
12.10.1 Construction industry
12.10.2 Communication industry
12.10.3 Electric power industry
12.10.4 Rail Transit Industry
12.10.5 Petrochemical Industry
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) Surge Protectors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Surge Protectors Market Size Forecast by Type
13.6.1 Power SPD
13.6.2 Signal SPD
13.6.3 Antenna feeder SPD
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) Surge Protectors Market Size Forecast by Applications
13.10.1 Construction industry
13.10.2 Communication industry
13.10.3 Electric power industry
13.10.4 Rail Transit Industry
13.10.5 Petrochemical Industry
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 Protectors Market: Competitive Dashboard
14.2 Global Surge Protectors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Eaton
14.3.3 Emersen
14.3.4 Siemens
14.3.5 Schneider Electric
14.3.6 GE
14.3.7 Littelfuse
14.3.8 Advanced Protection Technologies
14.3.9 Belkin International
14.3.10 Hager Electric
14.3.11 ABB
14.3.12 Panamax
14.3.13 REV Ritter
14.3.14 Raycap
14.3.15 Phoenix Contact
14.3.16 Rockwell Automation
