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Global Surge Protection Devices Market 2017-2021

Global Surge Protection Devices Market 2017-2021

About Surge Protection Devices

Surge protection devices are used in electrical installation protection systems. This equipment is designed to prevent the flow of excess voltage into the circuit. Whenever there is a flow of overvoltage, the surge protection device transmits the excess current flow to the earth and thus protects the electrical appliance. Based on the type of application, different types of surge protection devices are used. Type I surge protection devices are used in high voltage applications in service sector and industrial applications. Type II surge protection devices are used for low voltage applications like switchboards.

Technavio’s analysts forecast the global surge protection devices market to grow at a CAGR of 5.83% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global surge protection devices market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Surge Protection Devices Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Eaton
  • Emerson
  • Schneider Electric
  • General Electric
Other prominent vendors
  • ABB
  • Belkin International
  • Hubbell Incorporated
  • Legrand
  • Leviton Manufacturing
  • Siemens
  • Tripp Lite
Market driver
  • Increasing use of electronics in residential sector.
  • For a full, detailed list, view our report
Market challenge
  • Uncertainties in global economic growth.
  • For a full, detailed list, view our report
Market trend
  • Increasing reliance on renewable energy sources.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Surge Protection Devices Market 2017-2021

Technavio recognizes the following companies as the key players in the global surge protection devices market: Eaton, Emerson, Schneider Electric, and General Electric.

Other Prominent Vendors in the market are: ABB, Belkin International, Hubbell Incorporated, Legrand, Leviton Manufacturing, Siemens and Tripp Lite.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing reliance on renewable energy sources. Surge protection devices are used to control voltage levels at power plants. The increase in electricity generation from wind turbines, solar power and other renewable sources also involves certain risks. For instance, wind turbines are prone to capture lightning discharge.”

According to the report, one driver in the market is increasing use of electronics in residential sector. Consumer electronics refer to all household appliances such as refrigerators, air conditioners, and TVs. All these electronic appliances use surge protection devices to protect the appliance from the overflow of current. The increasing levels of disposable income and the urge to have a hassle-free life has led people to use these electronic appliances. In the last five years, there has been growth in markets and the strengthening of established markets, which has led people to buy more consumer electronics. There have been dynamic changes in the incomes and spending patterns of individuals. APAC leads in the consumer electronics market because of the growing middle-class population and availability of trained labor in countries like China, India, Japan, Malaysia, and Singapore.

Further, the report states that one challenge in the market is uncertainties in global economic growth. Fluctuations in the global economy, especially in regions with a high presence of original design manufacturers (ODMs) and original equipment manufacturers (OEMs) of electrical and electronic devices, lead to a reduction in credit availability for manufacturers and a hike in interest rates. The increase in interest rates leads to high cost of manufacturing, which raises the price of the product. Increased prices impact the market demand, which may negatively affect the net sales revenue of vendors. The fluctuation in global economic growth also affects the foreign exchange market, impacting the imports and exports of the vendors. Changes in foreign exchange rates can reduce the profit margins of the global market players.

Companies Mentioned

Eaton, Emerson, Schneider Electric, General Electric, ABB, Belkin International, Hubbell Incorporated, Legrand, Leviton Manufacturing, Siemens and Tripp Lite.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
      • Table Categories of surge protection devices
  • Market landscape
    • Market overview
      • Table Overview of global surge protection devices market
      • Table Global surge protection devices market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Market overview
      • Table Global surge protection devices market by product type 2016 and 2021 (%)
    • Hardwired
      • Table Global hardwired surge protection devices market 2016-2021 ($ millions)
      • Table Residential construction in the US 2009-2015 (in thousand units)
    • Line cord
      • Table Global line cord surge protection devices market 2016-2021 ($ millions)
    • Wall plug
      • Table Global wall plug surge protection devices market 2016-2021 ($ millions)
    • Power control center
      • Table Global power control center surge protection market 2016-2021 ($ millions)
  • Market segmentation by end-user
    • Market overview
      • Table Global surge protection devices market by end-user 2016 and 2021 (%)
    • Industrial
      • Table Global surge protection devices market in industrial segment 2016-2021 ($ millions)
    • Commercial
      • Table Global surge protection devices market in commercial segment 2016-2021 ($ millions)
  • Geographical segmentation
    • Market Overview
      • Table Global surge protection devices market by geography 2016 and 2021 (%)
    • Surge protection devices market in Americas
      • Table Surge protection devices market in Americas 2016-2021 ($ millions)
    • Surge protection devices market in EMEA
      • Table Surge Protection Market in EMEA 2016-2021 ($ millions)
    • Surge protection devices market in APAC
      • Table Surge protection devices market in APAC 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table GDP per capita for selected countries 2005 and 2015 ($ millions)
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market challenges
    • Impact of challenges on key customer segments
      • Table Impact of challenges
  • Market trends
    • Increasing reliance on renewable energy sources
    • Rising demand from non-BRICS countries
    • Expanding railway industry
    • Growing number of data centers
      • Table Global data center construction market 2015-2020 ($ billions)
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors in global surge protection devices market
  • Key vendor analysis
    • Eaton
      • Table EATON: Product groups and offerings
      • Table Eaton: Surge protection devices products
    • Emerson
      • Table Emerson: Product groups and offerings
      • Table Emerson: Product offerings under electric fuse
    • General Electric
      • Table GE: Product offerings
      • Table GE: Surge protection devices and products
    • Schneider Electric
      • Table Products offered by Schneider Electric
      • Table Schneider Electric: Surge protection devices and products
  • Appendix
    • List of Abbreviations
  • Explore Technavio

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