The rise in the adoption of smart gadgets and growing issues about power quality are expected to drive the demand for the United States surge protector market over the forecast period, 2023-2027.
According to TechSci Research report, “United States Surge Protector Market By Type (Hard-Wired, Plug-In, and Line Cord), By Discharge Current (Below 10 kA, 10 kA–25 kA, and above 25 kA), By Component (Suppressor, Gas Discharge Tube, Surge Arrestor, and Others), By End-User (Industrial, Commercial, and Residential), By Region, Competition Forecast & Opportunities, 2027”, the United States surge protector market is expected to witness robust CAGR over the forecast period, 2023-2027. The United States is an early adopter of advanced technologies and is home to many of the global surge protection devices market players. Electricity consumption for residential and commercial applications accounts for a substantial share of the total electricity consumption. Mississippi, Alabama, Florida, and Louisiana are some of the states in the United States which are prone to lightning strikes. There is high demand for surge protector among consumers to protect electronic appliances from sudden power fluctuations. The surge protector is a kind of electrical device that protects against the damages caused due to sudden power surges and voltage spikes by blocking voltage over a safe threshold. Without the surge protector, any device that passes the safe threshold voltage can cause permanent damage, reduce the lifespan of internal devices and lead to burned wires and data loss. The factors contributing to the United States surge protector market growth are huge financial losses due to frequent power failures and supportive government policies emphasizing the installation of surge protectors in industrial, commercial, and residential places.
However, cost limitations in installing surge protection devices and inappropriate testing and safety issues may restrain the market growth in the forecast period.
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The United States surge protector market is segmented into type, discharge current, component, end-user, regional distribution, and company.
Based on type, the market is divided into hard-wired, plug-in, and line cord. The plug-in type holds the largest market share and is expected to maintain its dominance throughout the forecast period. Surge protection devices are designed to be installed at the service entrance of facilities or near to sensitive equipment without a lightning protection system. Plug-in surge protector devices are suitable to install at the origin of the network, by terminal equipment, and in intermediate panels.
Based on discharge current, the market is divided into below 10 kA, 10 kA–25 kA, and above 25 kA. 10 kA–25 kA segment is expected to account for significant market share over the forecast period. The rise in demand for surge protectors supporting discharge current of 10 kA–25 kA to protect electrical devices such as televisions and computers and the high sales of electrical devices drives the segment demand.
Based on end-user, the market is divided into industrial, commercial, and residential. The industrial segment is projected to capture the largest market share for the forecast period. Digital transformation of industrial processes and implementation of industry 4.0 to facilitate remote diagnostics, data capture, and maintenance services are the major factors boosting the United States surge protector market growth. With the need to construct data centers, communication systems, and servers to process and analyze large data volumes and with the growing use of electronic systems, the United States surge protector market is expected to grow at a significant rate in the forecast period.
Major market platers operating in the United States surge protector market are:
- Abb Ltd
- Belkin International
- Eaton Corporation Plc
- Emerson Electric Co
- General Electric Company
- Hubbell Incorporated
- Littelfuse, Inc
- Mersen
- Schneider Electric SE
- Siemens AG
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“With the growing population, improved living standards, and the strong economic growth of the country, the demand for electronic devices is on the rise. Rapid industrialization and urbanization are increasing the consumption and consumer spending on electronic devices. Market players are innovating electronic devices by improving their functionality and performance and integrating a large number of microprocessors to support their functions. The growing consumer awareness about the advantages of the surge protector and rapid adoption of advanced and smart technologies are expected to propel the United States surge protector market growth till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“United States Surge Protector Market By Type (Hard-Wired, Plug-In, and Line Cord), By Discharge Current (Below 10 kA, 10 kA–25 kA, and above 25 kA), By Component (Suppressor, Gas Discharge Tube, Surge Arrestor, and Others), By End-User (Industrial, Commercial, and Residential), By Region, Competition Forecast & Opportunities, 2027”, has evaluated the future growth potential of United States surge protector market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in United States surge protector market.
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