Surge Protection Devices Market is expected to register a CAGR of 7.8% by 2027

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Surge Protection Devices Market By Type (Type 1, Type 2, Type 3), By End-User (Industrial, Commercial, Residential) & Region - Forecast 2017 - 2027

Surge protection device is a device or appliance that is designed to safeguard electrical devices from voltage surge. A surge protector tries to limit the supplied voltage to an electric device by either shorting to the ground or blocking any unwanted voltages above the safe threshold. The global surge protection devices market is anticipated to witness significant growth and register a CAGR of 7.8% in terms of value during the forecast period (2017 – 2027).

Global Surge Protection Devices Market: Dynamics

Increasing demand for surge arresters in locomotive applications and growing importance given to reduce the adverse impact of lightning are major factors driving the growth of the global surge protection devices market. However, lack of component level testing and a long warranty claiming process are factors restraining market revenue growth of the global surge protection devices market during the forecast period.

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Global Surge Protection Devices Market: Key Players

Some of the top companies identified across the surge protection devices value chain are

Eaton Corporation,
Schneider- electric. Co,
Siemens AG,
ABB Group,
General Electric,
Emerson Electric Co.,
Littelfuse, Inc.,
Koninklikes Philips N.V,
Rockwell Automation, Inc., and
Honeywell International Inc.

Key players are introducing technologically advanced surge protector devices that can be deployed in various applications such as residential, commercial and industrial and this factor is boosting the growth of the surge protection devices market globally.

Global Surge Protection Devices Market: Forecast by Type

The global surge protection devices market is categorised on the basis of type, end-user and region. On the basis of type, the market is segmented as type 1, type 2 and type 3. The type 2 segment is anticipated to register the highest CAGR of 8.4% during the forecast period. While type 1 is anticipated to register a moderate CAGR of 7.1% with a market share of 32.9% in 2017.

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Market Taxonomy

By Type:

Type 1
Type 2
Type 3

By End-User:

Industrial
Commercial
Residential

Key Regions covered:

North America
- U.S.
- Canada
Latin America
- Brazil
- Mexico
- Rest of Latin America
Western Europe
- Germany
- France
- U.K.
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
APEJ
- China
- India
- Australia & New Zealand
- ASEAN
- Rest of APAC
Japan
MEA
- GCC Countries
- Turkey
- South Africa
- North Africa
- Rest of MEA

Table of Content

1. Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. FMI Recommendations

2. Market Introduction

2.1. Market Taxonomy

2.2. Market Definition

2.3. Market Snapshot

2.4. Market Overview

3. Market View Point

3.1. Macro-Economic Factors

3.2. Opportunity Analysis

4. Global Market Analysis 2012–2016 and Forecast 2017–2027

4.1. Market Volume Projections

4.2. Market Size and Y-o-Y Growth

4.3. Absolute $ Opportunity

About Future Market Insights Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client