Surge Protection Device Market Report: Trends, Forecast and Competitive Analysis to 2030

Surge Protection Device Trends and Forecast

The future of the global surge protection device market looks promising with opportunities in the industrial, commercial, and residential markets. The global surge protection device market is expected to reach an estimated $4.5 billion by 2030 with a CAGR of 5.6% from 2024 to 2030. The major drivers for this market are rising demand for electronic device protection systems, escalating usage of electrical and electronics appliances in commercial & residential sectors, and growing adoption of whole house surge protector.

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Surge Protection Device by Segment

The study includes a forecast for the global surge protection device by type, discharge current, end use, and region.

Surge Protection Device Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Hard-Wired
• Plug-In
• Line Cord

Surge Protection Device Market by Discharge Current [Shipment Analysis by Value from 2018 to 2030]:

• Below 10 kA
• 10 kA-25 kA
• Above 25 kA

Surge Protection Device Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Industrial
• Commercial
• Residential

Surge Protection Device Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Surge Protection Device Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies surge protection device companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the surge protection device companies profiled in this report include-

• ABB
• Siemens
• Schneider Electric
• Emerson
• Eaton

Surge Protection Device Market Insights

Lucintel forecasts that hard-wired is expected to witness the highest growth over the forecast period.

Within this market, industrial is expected to witness the highest growth over the forecast period.

North America is expected to witness highest growth over the forecast period.

Features of the Global Surge Protection Device Market

Market Size Estimates: Surge protection device market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Surge protection device market size by type, discharge current, end use, and region in terms of value ($B).

Regional Analysis: Surge protection device market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, discharge currents, end uses, and regions for the surge protection device market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the surge protection device market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the surge protection device market size?

Answer: The global surge protection device market is expected to reach an estimated $4.5 billion by 2030.

Q2. What is the growth forecast for surge protection device market?

Answer: The global surge protection device market is expected to grow with a CAGR of 5.6% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the surge protection device market?

Answer: The major drivers for this market are rising demand for electronic device protection systems, escalating usage of electrical and electronics appliances in commercial & residential sectors and growing adoption of whole house surge protector.

Q4. What are the major segments for surge protection device market?

Answer: The future of the surge protection device market looks promising with opportunities in the industrial, commercial, and residential markets.

Q5. Who are the key surge protection device market companies?

Answer: Some of the key surge protection device companies are as follows.

• ABB
• Siemens
• Schneider Electric
• Emerson
• Eaton

Q6. Which surge protection device market segment will be the largest in future?

Answer: Lucintel forecasts that hard-wired is expected to witness the highest growth over the forecast period.

Q7. In surge protection device market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the surge protection device market by type (hard-wired, plug-in, and line cord), discharge current (below 10 kA, 10 kA-25 kA, and above 25 kA), end use (industrial, commercial, and residential), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?