Surge Protection Devices Market By Business Growth, Trend, Segmentation, Top Key Players, Revenue and Industry Expansion Forecast Report, Fortune Business Insights

Posted on Oct 18 2021 10:57 AM

""Surge Protection Devices Market Size, Share & Industry Analysis, By Type (Hard Wired, Plug-In, Line Cord), By Discharge Current (Upto 10kA, 10kA-25kA, Above 25kA), By Application (Residential, Commercial, Industrial) and Regional Forecast, 2019-2026 " "

The global surge protection devices market is expected to gain traction from their increasing usage in numerous applications, such as lighting circuits, medical equipment, UPS, HVAC equipment, and power distribution. This information is published by Fortune Business Insights™ in an upcoming report, titled, “Surge Protection Devices Market Size, Share & Industry Analysis, By Type (Hard Wired, Plug-In, Line Cord), By Discharge Current (Up to 10kA, 10kA-25kA, Above 25kA), By Application (Residential, Commercial, Industrial) and Regional Forecast, 2019-2026.” The report further mentions that increasing demand for consumer electronics and the rising consumption of electricity would affect the market positively.

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The Report Covers the Following, Major Points Precisely:

• Top Players That Are Operating in the Global Market
• Market Segmentation 
• Regional Analysis
• Deep Insights into the Market with Detailed Table of Content and Figures
• Global Market Predictions for Five Decades.

The Report Answers the Following Questions-

  • What are the surge protection devices market trends?
  • How many growth drivers and barriers would the market exhibit?
  • Which region is likely to lead the market in terms of revenue?
  • Which segment would dominate in terms of market share?
  • Which strategies are being adopted by the key players?

Littelfuse Launches SPD2 Type 2; Hamilton Unveils Two New Devices

Significant companies operating in the market are launching new products to increase sales and gain maximum surge protection devices market share in the coming years. They are also trying to broaden their product portfolio. Below are a couple of the latest key industry developments:

  • June 2019: Littelfuse, Inc., a multinational electronics manufacturing company headquartered in Chicago, launched its new SPD2 series of Type 2 surge protection devices. The new series protects components from surges and is used at branch or power distribution circuits. They limit the fault current to a unit or load. It comes in a wide variety of operating voltages, consisting of DC power for solar applications and is DIN-rail mounted for electrical cabinets. It is best suited for medical or HVAC equipment, communications, computers, industrial controls, electrical loads, and power distribution.
  • March 2019: Hamilton, a designer and manufacturer of robotics, process analytics, and liquid handling based in Nevada, announced the expansion of its circuit protection range by unveiling two latest surge protection devices. Both devices fit perfectly inside the company’s consumer units and help in protecting against the spread of over-voltages to expensive and vulnerable equipment, namely, TVs, alarms, washing machines, PCs, and laptops. They are also made in accordance with the ‘18th Edition of the IET Wiring Regulations.’

Fortune Business Insights™ profiles a few of the organizations present in the surge protection devices market. They are as follows:

  • Panamax
  • ABB
  • MCG Surge Protection
  • Littelfuse
  • ASCO Power Technologies
  • Eaton
  • Citel
  • Emerson
  • Mersen
  • Siemens
  • Legrand
  • GE
  • Raycap
  • Leviton
  • Belkin International
  • Other key market players

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Reasons to Purchase This Report:

• A detailed study of product launches of every marketing player, their market channels, tactics, and market growth. 
• The report helps to understand the key product segments and their future scope up to Five Decades. 
• The report allows readers and market players to understand market Size, Share, Trend, and Future Forecast.A
• The Report Provide Deep analysis with region-specific assessments and competition analysis on a global and regional scale.

Increasing use of smart grids and smart metering are likely to help for the better management of power services. Better infrastructural facilities are also expected to encourage growth in the market.

The increased spending on oil and gas across the world is another factor likely to drive the Surge Protection Devices Market rising investments in energy efficiency projects backed by governments may also stimulate growth in the market. The penetration of renewable sources is increasing, fuelling demand for energy and is expected to drive the Surge Protection Devices Market.

Market Segmentation:

  • By Type
  • By Application
  • By Geography

North America to Dominate Fueled by Expansion of Information & Communication Technology

The market is geographically divided into North America, Asia Pacific, the Middle East and Africa, Europe, and Latin America. Out of these regions, North America is anticipated to dominate by gaining considerable surge protection devices market revenue during the forecast period. This growth is attributable to the expansion of information and communication technology, as well as increasing sales of electronic goods in this region. Additionally, several tech companies based in the U.S. are adopting electronic equipment at a rapid rate.

Europe is expected to follow the footsteps of North America and remain in the second position owing to the surging usage of household electronic equipment and increasing investment in automation. Asia Pacific, on the other hand, is likely to experience a steady growth because of the upgradation of conventional transmission and distribution networks. Also, the governments of various countries in this region are persistently working on smart grid and microgrid to provide the supply of electricity in remote areas. These factors would drive the growth of the market in this region.

Regional Analysis:

  • North America (The USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

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Major Table of Content for Surge Protection Devices Market:

  1. Introduction
  2. Executive Summary
  3. Market Dynamics
  4. Key Insights
  5. Global Market Analysis, Insights and Forecast, 2026
  6. North America Market Analysis, Insights and Forecast, 2026
  7. Europe Market Analysis, Insights and Forecast, 2026
  8. Asia Pacific Market Analysis, Insights and Forecast, 2026
  9. Middle East and Africa Market Analysis, Insights and Forecast, 2026
  10. Latin America Market Analysis, Insights and Forecast, 2026

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this Market.

(Have a Look at Reports Trending in "Energy & Power" Industry)

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