Press release
Future-Proofing Electronics: Surge Protector Market to Witness Robust Growth by 2030
Power surge protector is designed to protect electrical appliances from voltage spikes. These protectors limit voltage supplied to an electric device by either blocking or shorting any unwanted voltages above a safe threshold limit to the ground.
Download PDF Brochure: https://www.alliedmarketresearch.com/request-sample/A14994
They are used in automatic control buses, electric power supply networks, telephone networks, and various communication systems.
North America dominated the market share for 2020. It is also anticipated to grow at a higher CAGR during the forecast period owing to rising demand for electronics items.
The key players operating and profiled in the surge protector industry report include ABB Ltd., Eaton Corporation, General Electric, Schneider Electric, Honeywell, Siemens AG, Johnson Controls, Legrand, Havells, and Vertiv Group Corp.
The key factor that drives the surge protector market includes increase in demand for usage of electrical and electronics appliances in commercial & residential sectors.
High costs incurred due to electrical equipment downtime have also encouraged adoption of whole house surge protector as it provides safety in industries and residences.
On the contrary, growth in awareness for need of surge protectors, rapid industrialization, and power supply issues in developing countries are anticipated to provide lucrative opportunities for the global market.
Key factors that hamper the market growth are lack of awareness among small scale manufactures and competition from uninterrupted and non-fluctuating power supply systems.
Enquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/A14994
A common surge protector stops voltage spikes and surges, but not the violent, catastrophic burst of current from a close lightning strike. Direct lightning current is simply too big to shield with a little electronic device inside a power strip.
Depending on type, the market is divided into type 1, type 2, and type 3. In 2020, the type 1 segment accounted for 43.8% surge protector market share in the year 2020, and is protector market.
Type 1 is expected to grow at the fastest rate, registering a CAGR of 5.2%, throughout the forecast period
On the basis of voltage, it is categorized into low, medium, and high.
Based on application, it is bifurcated into residential, commercial, and industrial. In 2020, the industrial segment accounted for about 49.3% of the share in the global market, and is expected to maintain its dominance till the end of the forecast period.
By sales channel, the market is divided into online and offline. Online sales channel is the fastest-growing segment in the global market, expected to grow at a CAGR of 5.6% during 2021-2030.
Get a Customized Research Report: https://www.alliedmarketresearch.com/request-for-customization/A14994
Market Trends
Growing Awareness:
Increased awareness of the importance of surge protection for electronic devices and systems is driving demand in both residential and commercial sectors.
Technological Advancements:
Innovations in surge protection technologies, such as improved materials and smart features (e.g., remote monitoring), are enhancing product offerings.
Expansion of Renewable Energy:
The rise of solar energy systems and electric vehicle charging stations is creating a demand for advanced surge protection solutions.
Regulatory Standards:
Stricter regulations and standards for electrical installations are promoting the adoption of surge protectors in new buildings and renovations.
Types of Surge Protectors:
Power Strip Surge Protectors: Commonly used for household appliances and electronics, combining multiple outlets with surge protection.
Whole-House Surge Protectors: Installed at the main electrical panel to protect all electrical devices within a home.
Buy This Report (316 Pages PDF with Insights, Charts, Tables, and Figures): https://bit.ly/3YrZYEd
Industrial Surge Protectors: Designed for heavy-duty applications in factories and commercial buildings, protecting machinery and equipment.
Data Line Surge Protectors: Protects data lines (e.g., Ethernet, telephone) from surges that can damage communication equipment.
Trending Reports in Energy and Power Industry:
Surge Arrester Market
https://www.alliedmarketresearch.com/surge-arrester-market-A06063
Surge Protector Market
https://www.alliedmarketresearch.com/surge-protector-market-A14994
Japan Surge Protector Market
https://www.alliedmarketresearch.com/japan-surge-protector-market-A14906
Line Arresters Market
https://www.alliedmarketresearch.com/line-arresters-market-A314637
Transmission Line Market
https://www.alliedmarketresearch.com/transmission-line-market-A46372
High Voltage Direct Current (HVDC) Transmission Market
https://www.alliedmarketresearch.com/high-voltage-direct-current-transmission-market-A12100
Distribution Transformer Market
https://www.alliedmarketresearch.com/global-distribution-transformer-market-A190577
Instrument Transformers Market
https://www.alliedmarketresearch.com/instrument-transformers-market-A10491
Transformers Market
https://www.alliedmarketresearch.com/transformers-market-A06374
U.S. Cast Resin Transformer Market
https://www.alliedmarketresearch.com/us-cast-resin-transformer-market-A13102
Solid State (Smart) Transformer Market
https://www.alliedmarketresearch.com/solid-state-transformer-market
Dry Type Transformer Market
https://www.alliedmarketresearch.com/dry-type-transformer-market
David Correa1209 Orange Street,Corporation Trust Center,Wilmington, New Castle,Delaware 19801 USA.Int'l: +1-503-894-6022Toll Free: +1-800-792-5285Fax: +1-800-792-5285help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog:
https://blog.alliedmarketresearch.com
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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 Future-Proofing Electronics: Surge Protector Market to Witness Robust Growth by 2030 here
News-ID: 4050174 • Views: …
More Releases from Allied Analytics LLP
Heat Meters Market Set to Grow with Rising Demand for Energy Efficiency
According to a new report published by Allied Market Research, the heat meters market size was valued at $1.6 billion in 2022, and is estimated to reach $2.7 billion by 2032, growing at a CAGR of 5.4% from 2023 to 2032.
A heat meter is a device used to measure and quantify the amount of thermal energy (heat) transferred from a heat source to a system or consumer. It accurately measures…
Heat Pump Market Set for Strong Growth Through 2032
According to a new report published by Allied Market Research, the heat pump market size was valued at $71.2 billion in 2022, and is estimated to reach $201.5 billion by 2032, growing at a CAGR of 11.1% from 2023 to 2032.
A heat pump is a versatile and efficient device that transfers heat from one location to another using a refrigeration cycle. It operates by absorbing heat from a low-temperature source…
Energy Efficient Lighting Market Shines Bright with Strong Growth Outlook
According to a new report published by Allied Market Research, the global energy efficient lighting market was valued at $46.2 billion in 2021 and is projected to reach $93.3 billion by 2030, growing at a robust CAGR of 8.1% from 2022 to 2030. This surge reflects a powerful global movement toward greener, smarter, and more cost-effective lighting technologies.
Energy efficient lighting refers to lighting systems and products that use less electricity…
The Future of Energy: How Fuel Cells Are Reshaping Power Generation
According to a new report published by Allied Market Research, titled, "Fuel Cell Market," The fuel cell market size was valued at $3.6 billion in 2020, and is estimated to reach $32.0 billion by 2030, growing at a CAGR of 19.4% from 2021 to 2030.
The fuel cell market has emerged as a transformative force in the global energy landscape, offering a clean, efficient, and sustainable alternative to conventional energy sources.…
More Releases for Surge
Global Surge Protection Devices Market Set to Surge, Reaching US$ 4.9 Billion by …
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…
LED Lighting Surge Protector Market
An LED lighting surge protector is a device that safeguards LED lights from voltage spikes. These spikes, or surges, can be caused by lightning strikes, power outages, or even the switching on and off of large appliances on the same circuit.
Surge protectors typically contain MOVs (metal oxide varistors) which are special resistors that divert excess voltage away from the delicate electronics in LED lights. When a surge happens, the…
Surge Protector Market Growth Set to Surge Significantly During 2021 - 2030
A power surge protector is designed to protect electrical appliances from voltage spikes. These protectors limit the voltage supplied to an electric device by either blocking or shorting any unwanted voltages above a safe threshold limit to the ground. They are used in automatic control buses, electric power supply networks, telephone networks, and various communication systems.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞: https://www.alliedmarketresearch.com/request-sample/15363
The Global Surge Protector Market size was valued at $3.9…
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…
Market Set to Surge Significantly During
Electromagnetic navigation bronchoscopy uses electromagnetic technology to localize and guide endoscopic tools through the bronchial pathways of the lungs. Electromagnetic navigation bronchoscopy consists of a disposable working channel, a disposable guide catheter, software, and hardware components such as computers, monitors, and the electromagnetic board. The location sensor is attached at the distal tip of the guide catheter.
Electromagnetic Navigation Bronchoscopy Market: Drivers and Restraints
The attractive advantages of electromagnetic navigation bronchoscopy, especially…
