Surge Protection Devices Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Surge Protection Devices Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : August, 2020 | Energy & Mining | PPT format

Report Digest


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, lighting, 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. 

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. 

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. 

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 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.