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Surge Protection Devices Market by Type (Hard-Wired, Plug-In, and Line Cord), Discharge Current (Below 10 kA, 10 kA–25 kA, and above 25 kA), End-User (Industrial, Commercial, and Residential), and Region - Global Forecast to 2022

Surge Protection Devices Market: Global Forecast until 2022

  • April 2017
  • 148 pages
  • ID: 4819002
In this report:
The industrial segment is expected to grow at the highest rate of ##.##% from 2017 to 2022, owing to the demand for surge protection devices from IT and telecommunication sectors.
The Government of India has set an ambitious target to increase manufacturing output to ##% of the gross domestic product by 2025, from the current ##%.


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"The surge protection devices market is estimated to rise at a compound annual growth rate of ~5.5 percent, between 2017 and 2022"

The surge protection devices market is intended to grow from an estimated ~$2.1B in 2017 to ~$2.7B by 2022, recording a compound annual growth rate (CAGR) of ~5.5 percent, between 2017 and 2022. The overall market is set to witness significant increase due to increasing demand for protection systems for electronic devices, power quality issues, a increase in alternative energy programs, and cost escalation due to frequent equipment failures.

Whereas some cost bearing constraints in the installation of surge protection devices are being observed, emerging economies are anticipated to create better opportunities for the surge protection devices market. Poor design parameters and misleading assumptions, inappropriate testing, and safety issues are anticipated to be main challenges for increase in the surge protection devices market.

"The plug-in segment is forecasted to have the biggest market share by 2022"

With regard to the type segment, the plug-in SPD segment is anticipated to constitute the biggest market by 2022. Plug-in surge protection devices primarily consist of DIN rail type mounting as well as other form factor SPDs without extension cords. These surge protection devices are designed to be installed at the service entrances of facilities, typically on the main switchboards, or close to sensitive equipment in facilities without lightning protection systems. Plug-in SPDs are suitable for installation at the origin of the network, in intermediate panels, and by the terminal equipment, protecting from indirect lightning strikes.

They may require external overcurrent protection or the same may be included within the SPD. Due to its application at different end-user points, demand for plug-in SPDs is the more important among all types of SPDs and the segment is forecasted to dominate the sector by 2022.

"APAC: The quickest increasing sector for surge protection devices"

The surge protection devices market is forecasted to grow faster in the Asia-Pacific area, especially in China and Japan (JP). The Asia Pacific (APAC) area is moving towards clean energy on a big scale in order to meet its increasing energy needs in an efficient way. India (IN), China (CN), and Singapore (SG) are some of the potential increasing industries in the power and utilities market.

Also, Asia-Pac offered the biggest potential gains for foreign direct investment, and attracted 45.0 percent of all capital investment, globally, in 2015. Increased investments in modernizing infrastructure and urbanizing populations, especially in developing economies including China and India (IN), is predicted to push the Asia-Pacific surge protection device market.

The Chinese market was, by far, the biggest in the world in terms of infrastructure development in 2015. A growth in market investments in smart grid technologies and smart cities that contain distribution grid automation, smart meters, and demand response systems in countries including Japan, South Korea (KR), and Australia (AU) would create possibilities for the surge protection devices market.

"The surge arresters market is estimated to rise at a compound annual growth rate of ~5.1 percent, between 2017 and 2022"

In this business report, the surge arresters market has been divided, on the basis of class, into station class, intermediate class, and distribution class, and on the basis of voltage into low and medium voltage, high voltage, and extra high voltage surge arresters. The industry has also been broken down, on the basis of area, into North America continent, Europe (EU), Asia Pacific (APAC), South America region, and the Middle East (ME) & African continent. The sector for surge arresters is forecasted to grow from an estimated ~$1.5B in 2017 to ~$1.9B by 2022, at a compound annual growth rate of ~5.1 percent, between 2017 and 2022.

Key players' distribution profiles:

Comprehensive interviews have been managed with several key industry participants, subject-matter experts, C-suite executives of key industry players, and industry consultants, among other experts, to verify and obtain critical qualitative and quantitative info, as well as to evaluate future industry prospects.

The classification of primaries interviews is like:

By Company Type: Tier 1 60.0 percent, Tier 2 27.0 percent, Tier 3 13.0 percent

By Designation: C-Level- 35.0 percent, Director Level- 25.0 percent, Others- 40.0 percent

By area: Americas- 40.0 percent, Europe- 19.0 percent, Asia-pac- 17%, Middle East-15% and Africa-9%

Note: Others includes sales managers, product managers, and design engineers

The tier of the company has been defined on the basis of its total revenue, as of 2013: Tier 1 = > $1.0B, Tier 2 = From $1.0B to $500.0M, and Tier 3 = < $500.0M

Some of the prominent actors in the surge protection devices market contain ABB, Limited, Siemens (SIA), Schneider Electric (SU), Emerson Electric Company, and Eaton (NYSE:ETN), Plc..

Segment Research

The analysis defines, depicts, and forecasts the overall surge protection devices market by category, end-user, discharge current, and area. The market research also forecasts the overall surge arresters market by category, voltage, and area. It also provides a in-depth qualitative and quantitative analysis of the market. The industry report offers a comprehensive review of the main market drivers, industry restraints, alternatives, opportunities, winning imperatives, and main issues. It also includes different important aspects of the market.

Why acquire this industry report?

1. The study determines and addresses main markets for surge protection devices, which would help providers review the rise in the industry demand for the product.

2. The analysis benefits solution providers distinguish the pulse of the sector, and offers business insights into drivers, market restraints, and opportunities.

3. The market research will facilitate top players comprehend the strategies of their competitors better, and will benefit in making tactical conclusions.

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