openPR Logo
Press release

Global Surge Protection Devices Market Set to Surge, Reaching US$ 4.9 Billion by 2031: Transparency Market Research

The Global Surge Protection Devices Market is poised for substantial growth, according to the latest market research report. Valued at over US$ 2.9 billion in 2021, the market is estimated to expand at a CAGR of 5.3% from 2022 to 2031, reaching a projected value of US$ 4.9 billion by the end of 2031.

Download Sample PDF from Here- https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2939&utm_source=Openpr&utm_medium=Amit

Booming Electronic Industry and Technological Advancements to Propel Market Growth

The surge protection devices market is anticipated to witness significant growth driven by the thriving electronic industry and the increasing adoption of major electronic devices. Companies in the market are strategically targeting high-growth end-use applications including industrial, commercial, and residential sectors. With rising power requirements and evolving technical demands on power supply and storage systems, there is a heightened focus on designated devices capable of protecting electrical devices from load imbalances and suitable for high switching rate applications. Manufacturers are aligning their efforts with current trends in the electric sector such as the use of advanced materials and miniaturization to cater to evolving consumer needs.

Overview of Surge Protection Devices Market
Surge protection devices play a critical role in electrical installation protection systems, safeguarding electrical power supply, communication, and telephone networks. These devices efficiently mitigate overvoltage risks, limiting voltage supply to electric devices by blocking or shorting excess voltage. With the increasing usage of electrical equipment such as home entertainment systems, personal computers, and microwave ovens, the market for surge protection devices is poised for growth during the forecast period.

Factors Driving Market Growth
Rising demand for protection systems for electronic devices and increasing utility customer demands for power supply stability are key drivers propelling market growth. Surge protection devices play a crucial role in saving expensive electronic items and equipment from potential damage. The market is further fueled by the growing demand for technologically advanced electrical equipment, driven by rising disposable incomes.

Access Full Report from Here - https://www.transparencymarketresearch.com/surge-protection-devices-market.html

Market Segmentation
Type
• Hard-Wired
• Plug-In
• Line Cord
Discharge Current
• Below 10 kA
• 10 kA-25 kA
• Above 25 kA
End-Use
• Industrial
• Commercial
• Residential

Regional Outlook
Asia Pacific is anticipated to emerge as the fastest-growing region in the global surge protection devices market, driven by growing industrialization and urbanization in developing economies. North America currently holds a significant market share, propelled by increased demand for surge protection devices in industrial applications.

Major Players
• ABB Ltd
• Belkin International
• Eaton Corporation
• Emerson Electric
• General Electric
• Havells India Ltd.
• LittleFuse
• PHOENIX CONTACT GMBH
• RAYCAP CORPORATION
• Rev Ritter GMBH
• Schneider Electric
• Siemens AG
• Tripp Lite

Click Here to Purchase this Comprehensive Insights Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=2939<ype=S&utm_source=Openpr&utm_medium=Amit

0About Us Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

Contact Us:

Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Email: sales@transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Surge Protection Devices Market Set to Surge, Reaching US$ 4.9 Billion by 2031: Transparency Market Research here

News-ID: 3549056 • Views:

More Releases from Transparency Market Research

Non-Destructive Testing Market Projected to Reach $31.9 Billion by 2034: TMR Analysis
Non-Destructive Testing Market Projected to Reach $31.9 Billion by 2034: TMR Ana …
The Global Non-Destructive Testing (NDT) Market (비파괴 검사(NDT) 시장) is set to witness significant growth, projected to reach an estimated value of $31.9 billion by the end of 2034. This growth trajectory follows a valuation of $15.5 billion in 2023, fueled by a compound annual growth rate (CAGR) of 6.7% from 2024 to 2034. The increase in demand for inspection and health monitoring of concrete and steel structures is a primary
Outdoor Power Equipment Market Set to Reach $42.8 Billion by 2034, Driven by Sustainable Solutions and Growing Landscaping Demand
Outdoor Power Equipment Market Set to Reach $42.8 Billion by 2034, Driven by Sus …
The Global Outdoor Power Equipment Market (屋外用電動機器市場), valued at $30.5 billion in 2023, is projected to experience robust growth over the next decade. According to recent industry analysis, the market is expected to grow at a compound annual growth rate (CAGR) of 3.1%, reaching an estimated $42.8 billion by 2034. This growth is largely attributed to the increasing adoption of landscaping services and a rising demand for sustainable solutions in
Global Semiconductor IP Market to Reach $13.5 Billion by 2034, Growing at a 5.9% CAGR: TMR Analysis
Global Semiconductor IP Market to Reach $13.5 Billion by 2034, Growing at a 5.9% …
The Global Semiconductor Intellectual Property (IP) Market (반도체 지적재산권(IP) 시장), valued at US$ 7.1 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2034, reaching US$ 13.5 billion by the end of the forecast period. This growth is primarily fueled by increasing demand for AI-based applications across various industries and government initiatives aimed at modernizing defense technologies. Download Sample PDF from
Glass Wafer Carrier Market to Surge, Expected to Reach $2.2 Billion by 2031: TMR Analysis
Glass Wafer Carrier Market to Surge, Expected to Reach $2.2 Billion by 2031: TMR …
The Global Glass Wafer Carrier Market (ガラスウェーハキャリア市場) is poised for significant growth, expected to reach a valuation of US$ 2.2 billion by 2031, advancing at a remarkable CAGR of 19.2% from 2024. The surge in demand for semiconductors in automotive and IT & telecommunications sectors is driving this trend, positioning glass wafer carriers as critical components in semiconductor manufacturing processes. Analysts indicate that the automotive industry's increased focus on vehicle safety,

All 5 Releases


More Releases for Surge

Surge Arrester Market estimated to improve the demand for surge arrester in the …
Surge arrester is a device which works as a protector for electrical equipment from over voltage transient caused by switching (internal) or lightning (external) activities. Surge arrester is widely utilized to protect the power transmission and distribution equipment and also in applications such as railways. The surge arrester is also known as transient voltage surge suppressor (TVSS) and surge protection device (SPD). To remain ‘ahead’ of your competitors, request for a
Global Surge Arrester Market Poised to Surge USD 105.84 million in 2022
The market research report titled “Global Surge Arrester Market Poised to Surge USD 105.84 million in 2022” and published by Zion Market Research provides an insightful comprehension about the growth aspects, dynamics, and working of the global Canada Surge Arrester Market. The report entails details about the market with data collected over the years with its wide-ranging analysis. It also comprises the competitive landscape within the market together with a
Global AV Surge Protectors Market Expectations & Growth Trends Highlighted until …
Growing concerns about the safety and protection of electronic devices are driving the Global AV Surge Protectors Market. AV surge protectors are electrical devices that protect electronic equipment against voltage spikes and power surges. An AV surge protector blocks the voltage when it crosses the safe threshold, i.e. 120V. AV surge protectors protect devices from permanent damage, wire burning, data loss, reduced life span of internal devices, and others. AV
Surge Protection Devices Market - Increased Usage of Consumer Electronics to Hel …
the global surge protection devices market is likely to exhibit a promising CAGR of 5.6% from 2014 to 2020, rising to a revenue opportunity of US$2,808.6 mn by 2020. Of the key applications of surge protection devices covered in the report, applications across the industrial segment accounted for a dominant share in the overall market in 2014, valuing at US$763.2 mn in the same year. Obtain Brochure For Latest Technology Advancements
Surge Arresters Market : Imminent Growth in Power Generation to Present Opportun …
The escalating demand for consumer electronics and appliances, triggered by the increasing disposable incomes and the frequent changes in the lifestyles of individuals across the world has fuelled the demand for surge arresters significantly. As these arresters are highly effective in adjusting and normalizing power consumption, they provide efficient protection to electronic appliances against the damages from sudden voltage surges, ensuring their and their surrounding’s safety. Browse The Report: http://www.transparencymarketresearch.com/surge-arresters-market.html Going
Surge Arresters Market - Demand for Surge Arresters Significantly across the Wor …
Surge arresters are used to protect electronic appliances and machineries from damages caused due to sudden voltage surges. The surge arresters are attached on the conductors just before it enters the electrical equipments. The market is expected to grow during the forecast period due to the increasing demand for electronic appliances in households across the globe. The market of surge arresters in primarily being driven due to the changing lifestyle of