Surge Protection Devices Market: Value chain and stakeholder analysis 2017 – 2025

Global Surge Protection Devices Market: Overview 

Surge protection devices form an important element of electrical installation protection systems for a range of applications such as communication and automatic control buses, telephone networks, and electric power supply networks. They are considered to be one of the most efficient and commonly used types of overvoltage protection devices that protect from internal load switching, utility switching, lightning, and other damaging transient effects. Besides protecting sensitive electronic equipment, they can be implemented to curb costly downtimes. 

Global Surge Protection Devices Market: Key Trends 

The analysts foresee recurrent equipment failures causing cost escalation, an increase in substitute energy programs, power quality problems, and hiking demand for electronic device protection systems to help speed up the growth of the world surge protection devices market. Less developed economies are anticipated to birth opportunities for market players to fight constraints such as high installation cost of surge protection devices. Growth prospects in different areas of the market could answer for other deterrents such as safety issues, unfitting testing, confusing assumptions, and substandard design parameters.

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The global surge protection devices market could see a classification on the basis of discharge current. By type, plug-in surge protection devices are forecasted to clasp a leading share in the market, whereas hard-wired surge protection devices could secure a rising demand on the back of the primary need for protection from surges for various equipment. Players in the market are projected to leverage the new revenue pockets created through the industrial segment by end use expected to grow at a faster rate. Initiatives such as Industry 4.0 have increased the need for critical equipment including communication systems, servers, and datacenters, and in turn, the requirement of surge protection devices. 

Global Surge Protection Devices Market: Market Potential 

Top-rank Irish power management company, Eaton has released the all-new modular device range MTL SD Modular that provides a higher level of transient surge protection available for modular pluggable devices, i.e. up to 20 kA. Valuable distributed control systems and other instruments can be completely and cost-effectively protected by MTL SD Modular. Eaton’s new offering is expected to provide solutions for a more than 50.0% premature electronic equipment failures due to maintenance negligence and surge-related breakdowns. 

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Global Surge Protection Devices Market: Regional Outlook 

With quarrying, mining, construction, and manufacturing activities on the rise, Eastern Europe is predicted to make the most of the demand for surge protection devices. Since Eastern Europe is one of the low industrial production areas, manufacturing facilities are increasingly transferring their operations to the region in order to fill the gap. Moreover, the strategic initiatives taken in Europe for the purpose of digitally developing manufacturing, IT, and industrial sectors have surged the implementation of networks, systems, and machines based on intelligent information and communication technology (ICT). This is likely to aggravate the demand for surge protection devices.

However, Asia Pacific is projected to register a higher growth on account of urbanizing populations and propelling investments for modernizing infrastructure in nations such as India and China. Major potential foreign direct investment (FDI) gains, capital investment percentage, and a large-scale move toward clean energy to satisfy spiraling energy requirement could help Asia Pacific augment its further growth. 

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Global Surge Protection Devices Market: Competitive Landscape 

Followed by recognitions and awards, agreements and contracts, and acquisitions and mergers, new product developments are envisaged to be a go-to strategy of major players in the international surge protection devices market. Emerson Electric Company, Schneider Electric SE, Siemens AG, and ABB, Ltd. are expected to be the leading companies making their presence known in the market.

 The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain of the market
  • Market valuation (revenue and/or volume)
  • Key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market
  • Recent developments in the market’s competitive landscape
  • Detailed analysis of market segments up to second or third level of segmentation
  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume
  • Key business strategies adopted by influential market vendors
  • Outline of the regulatory framework surrounding and governing numerous aspects of the market
  • Growth opportunities in emerging and established markets
  • Recommendations to market players to stay ahead of the competition 

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