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Global Surge Protection Device Market (2023-2028) Competitive Analysis, Impact of Economic Slowdown & Impending Recession, Ansoff Analysis

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  • 195 Pages
  • February 2024
  • Region: Global
  • Infogence Global Research
  • ID: 5753634
The Global Surge Protection Device Market is estimated to be USD 2.56 Bn in 2023 and is expected to reach USD 3.49 Bn by 2028 growing at a CAGR of 6.44%.

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentations

  • The Global Surge Protection Device Market is segmented based on Component, Type, Power Range, End-User, and Geography.
  • By Component, the market is classified into Suppressor, Gas Discharge Tube, Surge Arrestor, and Others.
  • By Type, the market is classified into Type 1, Type 2, Type 3, and Type 4.
  • By Product, the market is classified into Hard-wired, Plug-in, Line Cord, and Power Control Devices.
  • By Power Range, the market is classified into 0-50 kA, 50.1-100 kA, 100.1-200 kA, and 200.1 kA and above.
  • By End-User, the market is classified into Commercial Complexes, Data Centre, Industries & Manufacturing Units, Medical, Residential Buildings & Spaces, Telecommunication, Transportation, and Others.
  • By Geography, the market is classified into Americas, Europe, Middle East & Africa, and Asia-Pacific.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are ABB Ltd., Belkin International, Mcv-Maxivolt, Citel, Inc., Eaton Corp, PLC, Emerson Electric Co., etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

  • The report presents a detailed Ansoff matrix analysis for the Global Surge Protection Device Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
  • The publisher analyses the Global Surge Protection Device Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
  • Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Surge Protection Device Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the Proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Increasing Use of Electronics in Residential and Commercial Sectors
4.1.2 High Cost Associated with Electrical Equipment Downtime
4.1.3 Frequent Equipment Failures due to Voltage Spikes Lead to Cost Escalations
4.2 Restraints
4.2.1 High Maintenance Cost of Device
4.3 Opportunities
4.3.1 Growing Rapid Industrialization and Power Supply Issues
4.3.2 Increasing Adoption of High Technological Equipment Protection Systems in Emerging Economies
4.4 Challenges
4.4.1 Poor Design Parameters and Misleading Assumptions
4.4.2 Fire and Safety Issue
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 PESTLE Analysis
5.4 SWOT Analysis
5.5 Impact of Covid-19
5.6 Impact of Economic Slowdown & Impending Recession
5.7 Ansoff Matrix Analysis
6 Global Surge Protection Device Market, By Component
6.1 Introduction
6.2 Suppressor
6.3 Gas Discharge Tube
6.4 Surge Arrestor
6.5 Others
7 Global Surge Protection Device Market, By Type
7.1 Introduction
7.2 Type 1
7.3 Type 2
7.4 Type 3
7.5 Type 4
8 Global Surge Protection Device Market, By Product
8.1 Introduction
8.2 Hard-wired
8.3 Plug-in
8.4 Line Cord
8.5 Power Control Devices
9 Global Surge Protection Device Market, By Power Range
9.1 Introduction
9.2 0-50 kA
9.3 50.1-100 kA
9.4 100.1-200 kA
9.5 200.1 kA and Above
10 Global Surge Protection Device Market, By End-User
10.1 Introduction
10.2 Commercial Complexes
10.3 Data Centre
10.4 Industries & Manufacturing Units
10.5 Medical
10.6 Residential Buildings & Spaces
10.7 Telecommunication
10.8 Transportation
10.9 Others
11 Americas' Surge Protection Device Market
11.1 Introduction
11.2 Argentina
11.3 Brazil
11.4 Canada
11.5 Chile
11.6 Colombia
11.7 Mexico
11.8 Peru
11.9 United States
11.10 Rest of Americas
12 Europe's Surge Protection Device Market
12.1 Introduction
12.2 Austria
12.3 Belgium
12.4 Denmark
12.5 Finland
12.6 France
12.7 Germany
12.8 Italy
12.9 Netherlands
12.10 Norway
12.11 Poland
12.12 Russia
12.13 Spain
12.14 Sweden
12.15 Switzerland
12.16 United Kingdom
12.17 Rest of Europe
13 Middle East and Africa's Surge Protection Device Market
13.1 Introduction
13.2 Egypt
13.3 Israel
13.4 Qatar
13.5 Saudi Arabia
13.6 South Africa
13.7 United Arab Emirates
13.8 Rest of MEA
14 APAC's Surge Protection Device Market
14.1 Introduction
14.2 Australia
14.3 Bangladesh
14.4 China
14.5 India
14.6 Indonesia
14.7 Japan
14.8 Malaysia
14.9 Philippines
14.10 Singapore
14.11 South Korea
14.12 Sri Lanka
14.13 Thailand
14.14 Taiwan
14.15 Rest of Asia-Pacific
15 Competitive Landscape
15.1 Competitive Quadrant
15.2 Market Share Analysis
15.3 Strategic Initiatives
15.3.1 M&A and Investments
15.3.2 Partnerships and Collaborations
15.3.3 Product Developments and Improvements
16 Company Profiles
16.1 ABB Ltd.
16.2 Avantor, Inc.
16.3 Belkin International
16.4 Citel, Inc.
16.5 Eaton Corp, PLC
16.6 Emerson Electric Co.
16.7 General Electric Co.
16.8 Havells Group
16.9 Hubbell, Inc.
16.10 ISG Global
16.11 JMV LPS Ltd.
16.12 Koninklijke Philips N.V.
16.13 Legrand SA
16.14 Leviton Manufacturing Company, Inc.
16.15 Littlefuse, Inc.
16.16 MCG Surge Protection
16.17 Maxivolt
16.18 Mersen Electrical Power
16.19 Panamax
16.20 Pentair
16.21 Phoenix Contact GmbH
16.22 Raycap SA
16.23 Schneider Electric SE
16.24 Siemens Ag
16.25 Synergy Systems, Inc.
16.26 Tripp Lite
16.27 Vertiv Group Corp.
17 Appendix
17.1 Questionnaire

Companies Mentioned

  • ABB Ltd.
  • Avantor, Inc.
  • Belkin International
  • Citel, Inc.
  • Eaton Corp, PLC
  • Emerson Electric Co.
  • General Electric Co.
  • Havells Group
  • Hubbell, Inc.
  • ISG Global
  • JMV LPS Ltd.
  • Koninklijke Philips N.V.
  • Legrand SA
  • Leviton Manufacturing Company, Inc.
  • Littlefuse, Inc.
  • MCG Surge Protection
  • Maxivolt
  • Mersen Electrical Power
  • Panamax
  • Pentair
  • Phoenix Contact GmbH
  • Raycap SA
  • Schneider Electric SE
  • Siemens Ag
  • Synergy Systems, Inc.
  • Tripp Lite
  • Vertiv Group Corp.