Surge Protection Devices Market was valued at US$ 2.18 Bn in 2021 and is expected to reach US$ 3.26 Bn by 2029 at a CAGR of 5.15% during a forecast period.
Market Values:
The Surge Protection Devices Market, valued at US$ 2.18 Bn in 2021, is projected to reach US$ 3.26 Bn by 2029, exhibiting a CAGR of 5.15% during the forecast period.
Report Scope:
This comprehensive report provides an in-depth analysis of the global surge protection devices market. It assesses the impact of the COVID-19 lockdown on market leaders, followers, and disruptors, considering variations in implementation across regions and countries. The report covers short-term and long-term market impacts, aiding decision-makers in formulating strategies by region.
Research Methodology:
The report employs a robust research methodology, incorporating insights, facts, historical data, and industry-validated market data. It presents projections through a set of established traditions and methodologies, offering a thorough assessment of the global surge protection devices market dynamics.
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Market Dynamics:
Rapidly increasing demand for innovative technological equipment and sophisticated devices, coupled with the need to protect sensitive electronics from damage, is driving the surge protection devices market globally. Factors such as the use of surge arresters in locomotive applications and the emphasis on mitigating the adverse impact of lightning contribute to market growth.
Regional Insights:
The Asia Pacific holds a significant share in the global surge protection devices market, driven by the rising number of data centers and the presence of large-scale electronics manufacturing companies. The region experiences notable growth in the residential segment, fueled by increased consumer spending on comfort and convenience electronics products.
Global Surge Protection Devices Market Segment Analysis:
Key Highlights:
Conclusion:
The surge protection devices market is poised for substantial growth, driven by increasing demand for electronic equipment protection and advancements in technology. The report provides valuable insights for industry players, guiding strategic decisions and investments in this dynamic market.
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Surge Protection Devices Market Segmentation:
by Product
• Plug-in devices
• Hardwired devices
• Line cord devices
• Power control center
by Discharge Current
• Below 10 kA
• 10 kA–25 kA
• Above 25 kA
Surge Protection Devices Market Key Players:
• Advanced Protection Technologies
• Raycap GmbH
• General Electric Company
• Schneider Electric SE
• Eaton Corporation plc.
• Tripp Lite
• Leviton Manufacturing Co. Inc
• Crompton Greaves Limited
• PHOENIX CONTACT GmbH & Co. KG
• ERICO International Corporation
• Belkin International
• Emerson Electric Co.
• Pentair Technical Solutions.
• Littelfuse, Inc
• Koninklikes Philips N.V
• Honeywell International Inc.
• REV Ritter GmbH
• Panamax
• Mersen Electrical Power
• MCG Surge Protection
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Table of content for the Surge Protection Devices Market includes:
Key Offerings:
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