Global Surge Protection Devices Market Report by Product, Type, Power Rating, End User, and Region 2024-2032- Product Image

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Global Surge Protection Devices Market Report by Product, Type, Power Rating, End User, and Region 2024-2032

Report
137 Pages
April 2024
Region: Global
IMARC Group
ID: 5732676

The global surge protection devices market size reached US$ 3.4 Billion in 2023. Looking forward, the market is projected to reach US$ 5.4 Billion by 2032, exhibiting a growth rate (CAGR) of 5.27% during 2023-2032.

Surge protection devices (SPDs) are small electric power supply network, which are extensively deployed in the commercial and residential sectors for protecting electrical devices and appliances from voltage spikes. They operate when the transient voltage transpires on the protected circuit, and then it inhibits the transient voltage by diverting the current back to its source. They are commercially available in varying types, such as voltage limiting and switching. The voltage limiting components change in impedance as currents rise whereas, switching components turn on once a threshold voltage is exceeded and instantly drop to a low impedance.

Surge Protection Devices Market Trends

The rapid expansion in the automotive industry, along with the escalating demand for slim smart portable appliances with a faster processor, better power densities and enhanced sensitivity, are key factors primarily driving the global surge protection devices market toward growth. Furthermore, the increasing utilization of electrical and mechanical components in the automobile sectors for improving driving assistance, navigation, passenger, telematics, safety and comfort is positively influencing the market. In line with this, the use of these devices for delivering smart and high-performance functionalities by inhibiting the overheating and preventing wires is propelling the market growth.

Other than this, the introduction of equipment miniaturization has also led to the growth in the demand for circuit protection solutions in the market across the globe. Additionally, the growing investments and funding made by manufacturers for developing compact and innovative products for dealing with the vulnerable voltages and electrical surges are positively impacting the market. Other than this, the numerous initiatives undertaken by the governments of various nations for enhancing the infrastructure to mandate the safety standards of workplaces are creating a positive outlook for the market.

Key Market Segmentation

This report provides an analysis of the key trends in each sub-segment of the global surge protection devices market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on product, type, power rating and end user.

Breakup by Product:

Hard-wired
Plug-in
Line Cord
Power Control Devices

Breakup by Type:

Type 1
Type 2
Type 3
Type 4

Breakup by Power Rating:

0-50 kA
50.1-100 kA
100.1-200 kA
200.1 kA and Above

Breakup by End User:

Commercial Complexes
Data Centre
Industries and Manufacturing Units
Medical
Residential Buildings and Spaces
Telecommunication
Transportation
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd., Belkin International Inc. (Hon Hai Precision Industry Co. Ltd.), Eaton Corporation PLC, Emerson Electric Co., General Electric Company, Havells India Ltd., Hubbell Incorporated, Koninklijke Philips N.V., Legrand, Littelfuse Inc., Mersen, Schneider Electric SE and Siemens AG.

Key Questions Answered in This Report

1. What was the size of the global surge protection devices market in 2023?
2. What is the expected growth rate of the global surge protection devices market during 2024-2032?
3. What are the key factors driving the global surge protection devices market?
4. What has been the impact of COVID-19 on the global surge protection devices market?
5. What is the breakup of the global surge protection devices market based on the product?
6. What is the breakup of the global surge protection devices market based on the type?
7. What is the breakup of the global surge protection devices market based on the power rating?
8. What are the key regions in the global surge protection devices market?
9. Who are the key players/companies in the global surge protection devices market?

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview
4.2 Key Industry Trends

5 Global Surge Protection Devices Market

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Product

6.1 Hard-wired
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Plug-in
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Line Cord
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Power Control Devices
6.4.1 Market Trends
6.4.2 Market Forecast

7 Market Breakup by Type

7.1 Type 1
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Type 2
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Type 3
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Type 4
7.4.1 Market Trends
7.4.2 Market Forecast

8 Market Breakup by Power Rating

8.1 0-50 kA
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 50.1-100 kA
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 100.1-200 kA
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 200.1 kA and Above
8.4.1 Market Trends
8.4.2 Market Forecast

9 Market Breakup by End User

9.1 Commercial Complexes
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Data Centre
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Industries and Manufacturing Units
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Medical
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Residential Buildings and Spaces
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Telecommunication
9.6.1 Market Trends
9.6.2 Market Forecast
9.7 Transportation
9.7.1 Market Trends
9.7.2 Market Forecast
9.8 Others
9.8.1 Market Trends
9.8.2 Market Forecast

10 Market Breakup by Region

10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast

11 SWOT Analysis

11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 ABB Ltd.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Belkin International Inc. (Hon Hai Precision Industry Co. Ltd.)
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Eaton Corporation PLC
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 Emerson Electric Co.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 General Electric Company
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 Havells India Ltd.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 Hubbell Incorporated
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Koninklijke Philips N.V.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Legrand
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Littelfuse Inc.
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.11 Mersen
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
15.3.12 Schneider Electric SE
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
15.3.12.4 SWOT Analysis
15.3.13 Siemens AG
15.3.13.1 Company Overview
15.3.13.2 Product Portfolio
15.3.13.3 Financials
15.3.13.4 SWOT Analysis

List of Figures

Figure 1: Global: Surge Protection Devices Market: Major Drivers and Challenges
Figure 2: Global: Surge Protection Devices Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Surge Protection Devices Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Surge Protection Devices Market: Breakup by Product (in %), 2023
Figure 5: Global: Surge Protection Devices Market: Breakup by Type (in %), 2023
Figure 6: Global: Surge Protection Devices Market: Breakup by Power Rating (in %), 2023
Figure 7: Global: Surge Protection Devices Market: Breakup by End User (in %), 2023
Figure 8: Global: Surge Protection Devices Market: Breakup by Region (in %), 2023
Figure 9: Global: Surge Protection Devices (Hard-wired) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Surge Protection Devices (Hard-wired) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Surge Protection Devices (Plug-in) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Surge Protection Devices (Plug-in) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Surge Protection Devices (Line Cord) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Surge Protection Devices (Line Cord) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Surge Protection Devices (Power Control Devices) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Surge Protection Devices (Power Control Devices) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Surge Protection Devices (Type 1) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Surge Protection Devices (Type 1) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Surge Protection Devices (Type 2) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Surge Protection Devices (Type 2) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Surge Protection Devices (Type 3) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Surge Protection Devices (Type 3) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Surge Protection Devices (Type 4) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Surge Protection Devices (Type 4) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Surge Protection Devices (0-50 kA) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Surge Protection Devices (0-50 kA) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Surge Protection Devices (50.1-100 kA) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Surge Protection Devices (50.1-100 kA) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Surge Protection Devices (100.1-200 kA) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Surge Protection Devices (100.1-200 kA) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Surge Protection Devices (200.1 kA and Above) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: Surge Protection Devices (200.1 kA and Above) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Global: Surge Protection Devices (Commercial Complexes) Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Global: Surge Protection Devices (Commercial Complexes) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Global: Surge Protection Devices (Data Centre) Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Global: Surge Protection Devices (Data Centre) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Global: Surge Protection Devices (Industries and Manufacturing Units) Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Global: Surge Protection Devices (Industries and Manufacturing Units) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Global: Surge Protection Devices (Medical) Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Global: Surge Protection Devices (Medical) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Global: Surge Protection Devices (Residential Buildings and Spaces) Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Global: Surge Protection Devices (Residential Buildings and Spaces) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Global: Surge Protection Devices (Telecommunication) Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Global: Surge Protection Devices (Telecommunication) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Global: Surge Protection Devices (Transportation) Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Global: Surge Protection Devices (Transportation) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Global: Surge Protection Devices (Other End Users) Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Global: Surge Protection Devices (Other End Users) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: North America: Surge Protection Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: North America: Surge Protection Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: United States: Surge Protection Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: United States: Surge Protection Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Canada: Surge Protection Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Canada: Surge Protection Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Asia-Pacific: Surge Protection Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Asia-Pacific: Surge Protection Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: China: Surge Protection Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: China: Surge Protection Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Japan: Surge Protection Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Japan: Surge Protection Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: India: Surge Protection Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: India: Surge Protection Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: South Korea: Surge Protection Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: South Korea: Surge Protection Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Australia: Surge Protection Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Australia: Surge Protection Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Indonesia: Surge Protection Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Indonesia: Surge Protection Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Others: Surge Protection Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Others: Surge Protection Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Europe: Surge Protection Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Europe: Surge Protection Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Germany: Surge Protection Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Germany: Surge Protection Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: France: Surge Protection Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: France: Surge Protection Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: United Kingdom: Surge Protection Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: United Kingdom: Surge Protection Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Italy: Surge Protection Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: Italy: Surge Protection Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Spain: Surge Protection Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 82: Spain: Surge Protection Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 83: Russia: Surge Protection Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 84: Russia: Surge Protection Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 85: Others: Surge Protection Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 86: Others: Surge Protection Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 87: Latin America: Surge Protection Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 88: Latin America: Surge Protection Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 89: Brazil: Surge Protection Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 90: Brazil: Surge Protection Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 91: Mexico: Surge Protection Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 92: Mexico: Surge Protection Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 93: Others: Surge Protection Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 94: Others: Surge Protection Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 95: Middle East and Africa: Surge Protection Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 96: Middle East and Africa: Surge Protection Devices Market: Breakup by Country (in %), 2023
Figure 97: Middle East and Africa: Surge Protection Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 98: Global: Surge Protection Devices Industry: SWOT Analysis
Figure 99: Global: Surge Protection Devices Industry: Value Chain Analysis
Figure 100: Global: Surge Protection Devices Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Surge Protection Devices Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Surge Protection Devices Market Forecast: Breakup by Product (in Million US$), 2024-2032
Table 3: Global: Surge Protection Devices Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 4: Global: Surge Protection Devices Market Forecast: Breakup by Power Rating (in Million US$), 2024-2032
Table 5: Global: Surge Protection Devices Market Forecast: Breakup by End User (in Million US$), 2024-2032
Table 6: Global: Surge Protection Devices Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Surge Protection Devices Market: Competitive Structure
Table 8: Global: Surge Protection Devices Market: Key Players

Companies Mentioned

ABB Ltd.
Belkin International Inc. (Hon Hai Precision Industry Co. Ltd.)
Eaton Corporation PLC
Emerson Electric Co. General Electric Company
Havells India Ltd.
Hubbell Incorporated
Koninklijke Philips N.V.
Legrand
Littelfuse Inc.
Mersen
Schneider Electric SE
Siemens AG

Methodology

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Table Information

Report Attribute	Details
No. of Pages	137
Published	April 2024
Forecast Period	2023 - 2032
Estimated Market Value ( USD ) in 2023	$ 3.4 Billion
Forecasted Market Value ( USD ) by 2032	$ 5.4 Billion
Compound Annual Growth Rate	5.2%
Regions Covered	Global
No. of Companies Mentioned	12

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