Power Protection Solutions Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Power Protection Solutions Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : March, 2020 | Semiconductor & Electronics | PPT format

Report Digest


All systems, ranging from home theaters and desktops to IT equipment in data centers, are susceptible to downtime, damage, and data loss, when left exposed without a reliable power protection system in place. A significant rise in the usage of electrical equipment across the globe has been increasing the demand for power protection solutions. Momentary power glitches or long-term outages can cause equipment degradation or instantaneous loss of data, resulting in economic and operational setbacks. In the recent years, the need for power protection solutions has increased significantly, on the back of growing reliance upon high tech equipment and microprocessor-based systems which are highly susceptible to power issues such as high voltage spikes, brownouts, frequency variations, and others. Increasing popularity and adoption of effective solutions and related products such as uninterruptible power supply (UPS) and voltage conditioners to protect electronic equipment and prevent cost prohibitive power incidents have been influencing the growth of global power protection solutions market.

Power Protection Solutions Market – Notable Developments

  • In May 2019, ABB Ltd., a leading player in the power protection solutions market, launched 1500 V DC GF contactor, a new compact, efficient contactor that enables photovoltaic power plants to introduce 1500 V DC architectures. It is also the first to meet the IEC’s new dedicated solar power DC-PV3 requirements.
  • In April 2019, Eaton announced that Nidec-PSA Emotors (Emotors) has chosen the company’s eMobility business to supply high-performance traction inverters for an electric-powered vehicle platform. In December 2018, Eaton launched ‘Power Defense™ molded case circuit breakers (MCCBs)’, the latest hi-tech electricity protection solutions for factories and high-rise buildings.
  • In April 2019, Emerson announced its acquisition of Integration Objects’ KnowledgeNet™ (KNet) software. The unique analytics application software amplifies digital transformation initiatives for process and hybrid industries, which will be integrated with the company’s Plantweb™ digital ecosystem to help customers deliver significant business outcomes.
  • In February 2019, nVent Electric plc announced the expansion of its business in India with the launch of a new Equipment and Electrical Protection Solutions facility in Bidadi, Karnataka. The new facility has been set up for the production of two major brands for enclosures, SCHROFF and HOFFMAN.

Tripp Lite

Founded in 1922, Tripp Lite is headquartered in Chicago, Illinois, and is a leading manufacturer of power protection and connectivity solutions. The company offers over 4000 products to power and connect computers, electronic devices, and networking equipment.

Power Protection Solutions Market Dynamics

Power Protection Solutions Demand to Grow with Rising Usage of Electrical Equipment

Increasing number of datacenters along with growing use of mission-critical equipment and sensitive tooling and machinery has been remarkably influencing the demand for power protection solutions to provide good quality power and ensure continuous operation. Power protection solutions are also of great importance in semiconductor industry that often faces typical problems such as voltage sags and current issues. As loss or fluctuation of power can be damaging for various facilities, products, and processes, most companies and organizations are relying on effective solutions to manage their power distribution system, which is likely to translate into the growth of power protection solutions market. According to ABB’s outlook for power protection, with adoption of power protection products, businesses can save thousands of dollars that would otherwise be wasted when a power surge or voltage spike occurs. Further, growth prospects of power protection solutions market will remain promising, as companies worldwide continue to rely on power to keep their data available, systems cooled, and production lines running.

Asia Pacific to Contribute Significant Share to Power Protection Solutions Market

Mass urbanization and rapid industrialization in emerging economies along with increasing automation in manufacturing and processing industry have led to a surge in demand for different types of electrical equipment, which in turn is likely to drive the growth of power protection solutions market in Asia Pacific. In addition, growing investments in power management systems such as UPSs, power and voltage conditioners to improve the quality of operations will continue to create lucrative opportunities for key stakeholders in the power protection solutions market.

Power Protection Solutions Market Segmentation

Based on devices, power protection solutions market can be segmented into:

  • Uninterruptible Power Supplies (UPSs)
  • Surge Protection Devices (SPDs)
  • Voltage Regulators or Power Conditioners
  • Power Distribution Units (PDUs)
  • Rack Enclosures

Based on application, power protection solutions market can be segmented into:

  • Residential
  • Commercial
  • Industrial

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

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

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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