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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.
Surge Protection Device Market by Type, Discharge Current, and End Use

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Surge Protection Device Market by Segments

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

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?

For any questions related to Surge Protection Device Market, Surge Protection Device Market Size, Surge Protection Device Market Growth, Surge Protection Device Market Analysis, Surge Protection Device Market Report, Surge Protection Device Market Share, Surge Protection Device Market Trends, Surge Protection Device Market Forecast, Surge Protection Device Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents

1. Executive Summary

2. Global Surge Protection Device Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Surge Protection Device Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Surge Protection Device Market by Type
3.3.1: Hard-Wired
3.3.2: Plug-In
3.3.3: Line Cord
3.4: Global Surge Protection Device Market by Discharge Current
3.4.1: Below 10 kA
3.4.2: 10 kA–25 kA
3.4.3: Above 25 kA
3.5: Global Surge Protection Device Market by End Use
3.5.1: Industrial
3.5.2: Commercial
3.5.3: Residential

4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Surge Protection Device Market by Region
4.2: North American Surge Protection Device Market
4.2.1: North American Surge Protection Device Market by Type: Hard-Wired, Plug-In, and Line Cord
4.2.2: North American Surge Protection Device Market by End Use: Industrial, Commercial, and Residential
4.3: European Surge Protection Device Market
4.3.1: European Surge Protection Device Market by Type: Hard-Wired, Plug-In, and Line Cord
4.3.2: European Surge Protection Device Market by End Use: Industrial, Commercial, and Residential
4.4: APAC Surge Protection Device Market
4.4.1: APAC Surge Protection Device Market by Type: Hard-Wired, Plug-In, and Line Cord
4.4.2: APAC Surge Protection Device Market by End Use: Industrial, Commercial, and Residential
4.5: ROW Surge Protection Device Market
4.5.1: ROW Surge Protection Device Market by Type: Hard-Wired, Plug-In, and Line Cord
4.5.2: ROW Surge Protection Device Market by End Use: Industrial, Commercial, and Residential

5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis

6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Surge Protection Device Market by Type
6.1.2: Growth Opportunities for the Global Surge Protection Device Market by Discharge Current
6.1.3: Growth Opportunities for the Global Surge Protection Device Market by End Use
6.1.4: Growth Opportunities for the Global Surge Protection Device Market by Region
6.2: Emerging Trends in the Global Surge Protection Device Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Surge Protection Device Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Surge Protection Device Market
6.3.4: Certification and Licensing

7. Company Profiles of Leading Players
7.1: ABB
7.2: Siemens
7.3: Schneider Electric
7.4: Emerson
7.5: Eaton
.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.