Surge Protection Devices Market Trends, Regulations & Competitive Landscape Outlook to 2022

“Surge Protection Devices Market Size, Share, Price | Industry Report 2022” Market Research Report to It’s a Database.

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The surge protection devices market is expected to grow from an estimated USD 2.06 billion in 2017 to USD 2.68 billion by 2022, registering a CAGR of 5.47%, from 2017 to 2022. The global market is set to witness significant growth due to growing demand for protection systems for electronic devices, power quality issues, a rise in alternative energy programs, and cost escalation due to frequent equipment failures. Although some cost bearing constraints in the installation of surge protection devices are being observed, emerging economies are expected to create better opportunities for the surge protection devices market. Poor design parameters and misleading assumptions, inappropriate testing, and safety issues are expected to be major challenges for growth in the surge protection devices market.

With regard to the type segment, the plug-in SPD segment is expected to constitute the largest market by 2022. Plug-in surge protection devices primarily consist of DIN rail type mounting as well as other form factor SPDs without extension cords. These surge protection devices are designed to be installed at the service entrances of facilities, typically on the main switchboards, or close to sensitive equipment in facilities without lightning protection systems. Plug-in SPDs are suitable for installation at the origin of the network, in intermediate panels, and by the terminal equipment, protecting from indirect lightning strikes. They may require external over current protection or the same may be included within the SPD. Due to its application at various end-user points, demand for plug-in SPDs is the highest among all types of SPDs and the segment is expected to dominate the market by 2022.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

• By Company Type: Tier 1- 60%, Tier 2- 27%, Tier 3- 13%
• By Designation: C-Level- 35%, DirectorLevel- 25%, Others- 40%
• By Region: Americas- 40%, Europe- 19%, Asia-Pacific- 17%, Middle East—15% and Africa—9%

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Key points from table of content:

Company Profiles :

(Overview, Products and Services, Financials, Strategy & Development)*

• ABB, Ltd.
• Eaton Corporation, PLC.
• Emersen Electric Co.
• Siemens AG
• Schneider Electric Se
• General Electric Company
• Littelfuse, Inc.
• Advanced Protection Technologies, Inc.
• Belkin International
• Leviton Manufacturing Company, Inc.
• Tripp Lite
• Panamax
• REV Ritter GmbH
• Raycap Corporation S.A.
• Phoenix Contact GmbH
• Hubbell Incorporated
• Legrand Sa
• Mersen Electrical Power
• Citel, Inc.
• MVC-Maxivolt
• Koninklijke Philips N.V.
• Pentair Electrical & Fastening Solutions
• MCG Surge Protection
• JMV
• ISG Global

In this report, the surge arresters market has been segmented, on the basis of type, into station class, intermediate class, and distribution class, and on the basis of voltage into low and medium voltage, high voltage, and extra high voltage surge arresters. The market has also been segmented, on the basis of region, into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The market for surge arresters is expected to grow from an estimated USD 1.49billion in 2017 to USD 1.91billion by 2022, at a CAGR of 5.11%, from 2017 to 2022.

Report Coverage

The report defines, describes, and forecasts the global surge protection devices market by type, end-user, discharge current, and region. The report also forecasts the global surge arresters market by type, voltage, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, challenges, winning imperatives, and key issues. It also covers various important aspects of the market.

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