Market Overview:
The global surge protection components market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for surge protection devices in industrial, commercial, and residential applications. In terms of type, the market is segmented into below 10 kA, 10 kA-25 kA, and above 25 kA segments. The below 10 kA segment is expected to account for the largest share of the global surge protection components market in 2018 owing to its low cost and easy installation. However, the above 25 kA segment is projected to grow at a higher CAGR during the forecast period due to increasing demand from high-end applications such as data centers and hospitals.
Product Definition:
Surge protection components are used to protect electronic equipment from voltage spikes and surges. These components help to ensure that critical equipment stays online and operational during a power outage or electrical surge. The importance of surge protection components cannot be overstated, as they can help to prevent damage or destruction of expensive electronics.
Below 10 kA:
Below 10 kA is the current market size for surge protection components. It has been estimated that the global demand for below 10 kA will grow at a CAGR of XX% from 2016 to 2024. The growth can be attributed to growing concerns regarding power quality issues and increasing investments in various industries such as oil & gas, chemical, and manufacturing across the globe.
10 kA-25 kA:
The International Electrotechnical Commission (IEC) has established the following standard values for insulation classes: Class 1, Class 2, and Class 3. The value of kA-25 kA is used to express the energy rating of electrical equipment such as switches, fuses, circuit breakers etc. It is also used in surge protection components such as clamps and connectors which are connected to high voltage power supplies or transmission lines.
Application Insights:
The industrial application segment led the market with a share of over 60% in 2017. The demand for surge protection components in industrial applications is projected to witness growth at a CAGR of XX% from 2018 to 2030 owing to the growing manufacturing sector in countries such as China, India, Thailand and Indonesia. Furthermore, increasing number of power generation projects across emerging economies will further augment industry growth over the forecast period.
Commercial applications accounted for 23% share of total revenue in 2017 and are expected to witness significant growth over the forecast period on account of rising investments by public-private partnerships (PPP) schemes by various governments across regions including North America and Europe.
Regional Analysis:
Asia Pacific region accounted for the largest market share in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing industrialization, rising number of manufacturing facilities, and rapid urbanization. Moreover, Asia Pacific has some of the most vulnerable power distribution systems that need surge protection components for protection from lightning strikes as well as brownouts/blackouts.
The demand in Europe is expected to grow at a significant rate owing to growing industrial sector coupled with increased adoption in commercial sector such as hotels and restaurants along with government buildings like hospitals and schools which require heavy machinery equipment on long term basis. Furthermore, stringent regulations by governing bodies such as EMC are driving industry participants toward offering solutions that meet these requirements thus boosting product demand across this region over the forecast period.
Growth Factors:
- Increasing demand for surge protection components in data centers and telecom networks to protect equipment from voltage surges and lightning strikes
- Growing popularity of uninterruptible power supplies (UPS) for providing backup power in the event of a power outage
- Rising number of electrical storms and natural disasters that can cause damage to electronic equipment
- Proliferation of smart grid technologies that need surge protection components to handle the increased amount of data traffic
- Development of new technologies such as energy storage systems, which will require surge protection components for safety
Scope Of The Report
Report Attributes
Report Details
Report Title
Surge Protection Components Market Research Report
By Type
Below 10 kA, 10 kA-25 kA, Above 25 kA
By Application
Industrial, Commercial, Residential
By Companies
ABB, Eaton, Emersen Electric, Siemens, Schneider Electric, General Electric, Koninklijke Philips, Littelfuse, Advanced Protection Technologies, Belkin International, Leviton Manufacturing, Tripp Lite, Panamax, REV Ritter, Raycap Corporation, Phoenix Contact GmbH, Hubbell Incorporated, Legrand SA, Mersen Electrical Power, Citel, MVC-Maxivolt, MCG Surge Protection, JMV, ISG Global
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Surge Protection Components Market Report Segments:
The global Surge Protection Components market is segmented on the basis of:
Types
Below 10 kA, 10 kA-25 kA, Above 25 kA
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
Industrial, Commercial, Residential
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 Electric
- Siemens
- Schneider Electric
- General Electric
- Koninklijke Philips
- Littelfuse
- Advanced Protection Technologies
- Belkin International
- Leviton Manufacturing
- Tripp Lite
- Panamax
- REV Ritter
- Raycap Corporation
- Phoenix Contact GmbH
- Hubbell Incorporated
- Legrand SA
- Mersen Electrical Power
- Citel
- MVC-Maxivolt
- MCG Surge Protection
- JMV
- ISG Global
Highlights of The Surge Protection Components 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:
- Below 10 kA
- 10 kA-25 kA
- Above 25 kA
- By Application:
- Industrial
- Commercial
- Residential
- 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 Components 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.
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- 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?
Surge protection components are devices that help to protect electronic equipment from surges in voltage.
Some of the major companies in the surge protection components market are ABB, Eaton, Emersen Electric, Siemens, Schneider Electric, General Electric, Koninklijke Philips, Littelfuse, Advanced Protection Technologies, Belkin International, Leviton Manufacturing, Tripp Lite, Panamax, REV Ritter, Raycap Corporation, Phoenix Contact GmbH, Hubbell Incorporated, Legrand SA, Mersen Electrical Power, Citel, MVC-Maxivolt, MCG Surge Protection, JMV, ISG Global.
The surge protection components market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Surge Protection Components Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Surge Protection Components Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Surge Protection Components Market - Supply Chain
4.5. Global Surge Protection Components Market Forecast
4.5.1. Surge Protection Components Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Surge Protection Components Market Size (000 Units) and Y-o-Y Growth
4.5.3. Surge Protection Components Market Absolute $ Opportunity
5. Global Surge Protection Components Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Surge Protection Components Market Size and Volume Forecast by Type
5.3.1. Below 10 kA
5.3.2. 10 kA-25 kA
5.3.3. Above 25 kA
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Surge Protection Components Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Surge Protection Components Market Size and Volume Forecast by Application
6.3.1. Industrial
6.3.2. Commercial
6.3.3. Residential
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Surge Protection Components Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Surge Protection Components Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Surge Protection Components Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Surge Protection Components Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Surge Protection Components Demand Share Forecast, 2019-2026
9. North America Surge Protection Components Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Surge Protection Components Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Surge Protection Components Market Size and Volume Forecast by Application
9.4.1. Industrial
9.4.2. Commercial
9.4.3. Residential
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Surge Protection Components Market Size and Volume Forecast by Type
9.7.1. Below 10 kA
9.7.2. 10 kA-25 kA
9.7.3. Above 25 kA
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Surge Protection Components Demand Share Forecast, 2019-2026
10. Latin America Surge Protection Components Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Surge Protection Components Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Surge Protection Components Market Size and Volume Forecast by Application
10.4.1. Industrial
10.4.2. Commercial
10.4.3. Residential
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Surge Protection Components Market Size and Volume Forecast by Type
10.7.1. Below 10 kA
10.7.2. 10 kA-25 kA
10.7.3. Above 25 kA
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Surge Protection Components Demand Share Forecast, 2019-2026
11. Europe Surge Protection Components Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Surge Protection Components Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Surge Protection Components Market Size and Volume Forecast by Application
11.4.1. Industrial
11.4.2. Commercial
11.4.3. Residential
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Surge Protection Components Market Size and Volume Forecast by Type
11.7.1. Below 10 kA
11.7.2. 10 kA-25 kA
11.7.3. Above 25 kA
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Surge Protection Components Demand Share, 2019-2026
12. Asia Pacific Surge Protection Components Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Surge Protection Components Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Surge Protection Components Market Size and Volume Forecast by Application
12.4.1. Industrial
12.4.2. Commercial
12.4.3. Residential
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Surge Protection Components Market Size and Volume Forecast by Type
12.7.1. Below 10 kA
12.7.2. 10 kA-25 kA
12.7.3. Above 25 kA
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Surge Protection Components Demand Share, 2019-2026
13. Middle East & Africa Surge Protection Components Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Surge Protection Components Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Surge Protection Components Market Size and Volume Forecast by Application
13.4.1. Industrial
13.4.2. Commercial
13.4.3. Residential
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Surge Protection Components Market Size and Volume Forecast by Type
13.7.1. Below 10 kA
13.7.2. 10 kA-25 kA
13.7.3. Above 25 kA
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Surge Protection Components Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Surge Protection Components Market: Market Share Analysis
14.2. Surge Protection Components Distributors and Customers
14.3. Surge Protection Components Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Eaton
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Emersen Electric
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Siemens
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Schneider Electric
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. General Electric
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Koninklijke Philips
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Littelfuse
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Advanced Protection Technologies
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Belkin International
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Leviton Manufacturing
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Tripp Lite
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Panamax
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. REV Ritter
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Raycap Corporation
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Phoenix Contact GmbH
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Hubbell Incorporated
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Legrand SA
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Mersen Electrical Power
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Citel
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
