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Surge Protection Devices Market by Type (Hard-Wired, Plug-In, and Line Cord), Discharge Current (Below 10 kA, 10 kA–25 kA, and above 25 kA), End-User (Industrial, Commercial, and Residential), and Region - Global Forecast to 2022

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Date: 03-Apr-2017
No. of pages: 146
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“The surge protection devices market is projected to grow at a CAGR of 5.47%, from 2017 to 2022”

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.

“The plug-in segment is expected to have the largest market share by 2022”

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.

“Asia-Pacific: The fastest growing market for surge protection devices”

The surge protection devices market is projected to grow faster in the Asia-Pacific region, especially in China and Japan. The Asia-Pacific region is moving towards clean energy on a large scale in order to meet its growing energy needs in an efficient way. India, China, and Singapore are some of the potential growing markets in the power and utilities sector. Also, Asia-Pacific offered the biggest potential gains for foreign direct investment, and attracted 45% of all capital investment, globally, in 2015. Increased investments in modernizing infrastructure and urbanizing populations, especially in developing economies such as China and India, is expected to drive the Asia-Pacific surge protection device market. The Chinese market was, by far, the largest in the world in terms of infrastructure development in 2015. A rise in investments in smart grid technologies and smart cities that include distribution grid automation, smart meters, and demand response systems in countries such as Japan, South Korea, and Australia would create opportunities for the surge protection devices market.

“The surge arresters market is projected to grow at a CAGR of 5.11%,from 2017 to 2022”

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.

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%


Note: Others includes sales managers, product managers, and design engineers
The tier of the company has been defined on the basis of its total revenue, as of 2013: Tier 1 = > USD 1 billion, Tier 2 = From USD 1 billion to USD 500 million, and Tier 3 = < USD 500 million

Some of the prominent players in the surge protection devices market include ABB, Ltd. (Switzerland), Siemens AG (Germany), Schneider Electric SE (France), Emerson Electric Company (U.S.), and Eaton Corporation, Plc. (Ireland).

Research 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.

Why buy this report?


  • The report identifies and addresses key markets for surge protection devices, which would help suppliers review the growth in the demand for the product.

  • The report helps solution providers understand the pulse of the market, and provides insights into drivers, restraints, and challenges.

  • The report will help key players understand the strategies of their competitors better, and will help in making strategic decisions.

Surge Protection Devices Market by Type (Hard-Wired, Plug-In, and Line Cord), Discharge Current (Below 10 kA, 10 kA–25 kA, and above 25 kA), End-User (Industrial, Commercial, and Residential), and Region - Global Forecast to 2022

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Research Assumptions
2.4.1 Assumptions

3 Executive Summary
3.1 Introduction
3.2 Current Scenario
3.3 Future Outlook
3.4 Conclusion

4 Premium Insights
4.1 Surge Protection Devices: Regional Growth Rate (2017–2022)
4.2 Surge Protection Devices Market, By End-User
4.3 Europe Surge Protection Devices Market

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Demand for Protection Systems for Electronic Devices
5.2.1.2 Ongoing Power Quality Issues
5.2.1.3 Rise in Alternative Energy Programs
5.2.1.4 Frequent Equipment Failures Due to Voltage Spikes Lead to Cost Escalations
5.2.2 Restraints
5.2.2.1 Surge Protection Devices Only Provide Protection From Voltage Spikes and Surges
5.2.2.2 Additional Cost for Installation
5.2.3 Opportunities
5.2.3.1 Protection System for High Technological Equipment Adopted in Emerging Economies
5.2.4 Challenges
5.2.4.1 Poor Design Parameters and Misleading Assumptions
5.2.4.2 Inappropriate Testing
5.2.4.3 Fire and Safety Issues

6 Surge Protection Devices Market, By Type
6.1 Introduction
6.2 Hard Wired Surge Protection Devices
6.3 Plug in Surge Protection Devices
6.4 Line Cord Surge Protectors

7 Surge Protection Devices Market, By Discharge Current
7.1 Introduction
7.2 Above 25 kA Surge Protection Devices
7.3 10kA–25 kA Surge Protection Devices
7.4 Below 10 kA Surge Protection Devices

8 Surge Protection Devices Market, By End-User
8.1 Introduction
8.2 Industrial Surge Protection Devices
8.3 Commercial Surge Protection Devices
8.4 Residential Surge Protection Devices

9 Global Surge Protection Devices Market, By Region
9.1 Introduction
9.2 North America
9.2.1 By Type
9.2.2 By End-User
9.2.3 By Country
9.2.3.1 The U.S.
9.2.3.2 Canada
9.2.3.3 Mexico
9.3 Europe
9.3.1 By Type
9.3.2 By End-User
9.3.3 By Country
9.3.3.1 The U.K.
9.3.3.2 Germany
9.3.3.3 France
9.3.3.4 Russia
9.3.3.5 Italy
9.3.3.6 The Netherlands
9.3.3.7 The Rest of Europe
9.4 Asia-Pacific
9.4.1 By Type
9.4.2 By End-User
9.4.3 By Country
9.4.3.1 China
9.4.3.2 Australia
9.4.3.3 India
9.4.3.4 Japan
9.4.3.5 The Rest of Asia-Pacific
9.5 South America
9.5.1 By Type
9.5.2 By End-User
9.5.3 By Country
9.5.3.1 Brazil
9.5.3.2 Argentina
9.5.3.3 Chile
9.5.3.4 Colombia
9.5.3.5 The Rest of South America
9.6 Middle East & Africa
9.6.1 By Type
9.6.2 By End-User
9.6.3 By Country
9.6.3.1 Saudi Arabia
9.6.3.2 U.A.E.
9.6.3.3 Kuwait
9.6.3.4 Egypt
9.6.3.5 South Africa
9.6.3.6 The Rest of Middle East & Africa

10 Surge Arresters Market
10.1 Introduction
10.2 By Type
10.3 By Voltage
10.4 By Region

11 Competitive Landscape
11.1 Overview
11.2 Market Ranking
11.3 Competitive Situation & Trends
11.4 Surge Protection Devices Market: MnM Dive–Vendor Comparison

12 Company Profiles
(Overview, Products and Services, Financials, Strategy & Development)*
12.1 Introduction
12.2 ABB, Ltd.
12.3 Eaton Corporation, PLC.
12.4 Emersen Electric Co.
12.5 Siemens AG
12.6 Schneider Electric Se
12.7 General Electric Company
12.8 Littelfuse, Inc.
12.9 Advanced Protection Technologies, Inc.
12.10 Belkin International
12.11 Leviton Manufacturing Company, Inc.
12.12 Tripp Lite
12.13 Panamax
12.14 REV Ritter GmbH
12.15 Raycap Corporation S.A.
12.16 Phoenix Contact GmbH
12.17 Hubbell Incorporated
12.18 Legrand Sa
12.19 Mersen Electrical Power
12.20 Citel, Inc.
12.21 MVC-Maxivolt
12.22 Koninklijke Philips N.V.
12.23 Pentair Electrical & Fastening Solutions
12.24 MCG Surge Protection
12.25 JMV
12.26 ISG Global

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies

13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.4 Introducing RT: Real Time Market Intelligence
13.5 Available Customizations
13.6 Related Reports
13.7 Author Details

List of Tables

Table 1 Asia-Pacific: Country Analysis, 2015
Table 2 Global Surge Protection Devices Market Size, By Type, USD Million, 2015–2022
Table 3 Global Hard Wired Surge Protection Devices Market Size, By Region, USD Million, 2015–2022
Table 4 Global Plug in Surge Protection Devices Market Size, By Region, USD Million, 2015–2022
Table 5 Global Line Cord Surge Protection Devices Market Size, By Region, USD Million, 2015–2022
Table 6 Global Surge Protection Devices Market Size, By Discharge Current, USD Million, 2015–2022
Table 7 Above 25 kA Surge Protection Devices Market, By Region, USD Million, 2015–2022
Table 8 Above 25 kA Surge Protection Devices Market Size, By End-Users, USD Million, 2015–2022
Table 9 Above 25 kA Surge Protection Devices Market Size, By Type, USD Million, 2015–2022
Table 10 10 kA–25 kA Surge Protection Devices Market Size, By Region, USD Million, 2015–2022
Table 11 10 kA–25 kA Surge Protection Devices Market Size, By End-Users, USD Million, 2015–2022
Table 12 10 kA–25 kA Surge Protection Devices Market Size, By Type, USD Million, 2015–2022
Table 13 Below 10 kA Surge Protection Devices Market Size, By Region, USD Million, 2015–2022
Table 14 Below 10 kA Surge Protection Devices Market, By End-Users, USD Million, 2015–2022
Table 15 Below 10 kA Surge Protection Devices Market Size, By Type, USD Million, 2015–2022
Table 16 Global Surge Protection Devices Market Size, By End-User, USD Million, 2015–2022
Table 17 Industrial Surge Protection Devices Market Size, By Region, USD Million, 2015–2022
Table 18 Commercial Surge Protection Devices Market Size, By Region, USD Million, 2015–2022
Table 19 Residential Surge Protection Devices Market Size, By Region, USD Million, 2015–2022
Table 20 Global Surge Protection Devices Market Size, By Region, USD Million, 2015–2022
Table 21 North American Surge Protection Devices Market Size, By Type, USD Million, 2015–2022
Table 22 North American Surge Protection Devices Market Size, By End-User, USD Million, 2015–2022
Table 23 North American Surge Protection Devices Market Size, By Country, USD Million, 2015–2022
Table 24 The U.S. Surge Protection Devices Market, By End-User, USD Million, 2015–2022
Table 25 Canadian Surge Protection Devices Market Size, By End-User, USD Million, 2015–2022
Table 26 Mexican Surge Protection Devices Market, By End-User, USD Million, 2015–2022
Table 27 European Surge Protection Devices Market Size, By Type, USD Million, 2015–2022
Table 28 European Surge Protection Devices Market Size, By End-User, USD Million, 2015–2022
Table 29 European Surge Protection Devices Market Size, By Country, USD Million, 2015–2022
Table 30 The U.K. Surge Protection Devices Market, By End-User, USD Million, 2015–2022
Table 31 German Surge Protection Devices Market Size, By End-User, USD Million, 2015–2022
Table 32 French Surge Protection Devices Market Size, By End-User, USD Million, 2015–2022
Table 33 Russian Surge Protection Devices Market Size, By End-User, USD Million, 2015–2022
Table 34 Italian Surge Protection Devices Market Size, By End-User, USD Million, 2015–2022
Table 35 The Netherlands Surge Protection Devices Market, By End-User, USD Million, 2015–2022
Table 36 The Rest of Europe: Surge Protection Devices Market, By End-User, USD Million, 2015–2022
Table 37 The Asia-Pacific Surge Protection Devices Market Size, By Type, USD Million, 2015–2022
Table 38 The Asia-Pacific Surge Protection Devices Market Size, By End-User, USD Million, 2015–2022
Table 39 The Asia-Pacific Surge Protection Devices Market Size, By Country, USD Million, 2015–2022
Table 40 Chinese Surge Protection Devices Market, By End-User, USD Million, 2015–2022
Table 41 Australian Surge Protection Devices Market Size, By End-User, USD Million, 2015–2022
Table 42 Indian Surge Protection Devices Market Size, By End-User, USD Million, 2015–2022
Table 43 Japanese Surge Protection Devices Market, By End-User, USD Million, 2015–2022
Table 44 The Rest of Asia-Pacific Surge Protection Devices Market Size, By End-User, USD Million, 2015–2022
Table 45 The South American Surge Protection Devices Market Size, By Type, USD Million, 2015–2022
Table 46 The South American Surge Protection Devices Market Size, By End-User, USD Million, 2015–2022
Table 47 The South American Surge Protection Devices Market, By Country, USD Million, 2015–2022
Table 48 Brazilian Surge Protection Devices Market Size, By End-User, USD Million, 2015–2022
Table 49 The Argentine Surge Protection Devices Market Size, By End-User, USD Million, 2015–2022
Table 50 Chilean Surge Protection Devices Market, By End-User, USD Million, 2015–2022
Table 51 Colombian Surge Protection Devices Market Size, By End-User, USD Million, 2015–2022
Table 52 The Rest of South America: Surge Protection Devices Market Size, By End-User, USD Million, 2015–2022
Table 53 Middle East & African Surge Protection Devices Market Size, By Type, USD Million, 2015–2022
Table 54 Middle East & African Surge Protection Devices Market, By End-User, USD Million, 2015–2022
Table 55 Middle East & African Surge Protection Devices Market, By Region, USD Million, 2015–2022
Table 56 Saudi Arabian Surge Protection Devices Market Size, By End-User, USD Million, 2015–2022
Table 57 U.A.E.: Surge Protection Devices Market Size, By End-User, USD Million, 2015–2022
Table 58 Kuwaiti Surge Protection Devices Market Size, By End-User, USD Million, 2015–2022
Table 59 Egyptian Surge Protection Devices Market Size, By End-Users, USD Million, 2015–2022
Table 60 South African Surge Protection Devices Market Size, By End-User, USD Million, 2015–2022
Table 61 The Rest of Middle East & Africa: Surge Protection Devices Market Size, By End-User, USD Million, 2015–2022
Table 62 Global Surge Arresters Market Size, By Type, USD Million, 2015–2022
Table 63 Global Surge Arresters Market Size, By Voltage, USD Million, 2015–2022
Table 64 Low & Medium Voltage Surge Arresters Market Size, By Region, USD Million, 2015–2022
Table 65 High Voltage Surge Arresters Market Size, By Region, USD Million, 2015–2022
Table 66 Extra High Voltage Surge Arresters Market Size, By Region, USD Million, 2015–2022
Table 67 Global Surge Arresters Market Size, By Region, USD Million, 2015–2022
Table 68 North American Surge Arresters Market Size, By Voltage, USD Million, 2015–2022
Table 69 Europe Surge Arresters Market Size, By Voltage, USD Million, 2015–2022
Table 70 Asia-Pacific Surge Arresters Market Size, By Voltage, USD Million, 2015–2022
Table 71 South American Surge Arresters Market Size, By Voltage, USD Million, 2015–2022
Table 72 Middle East & Africa Surge Arresters Market Size, By Voltage, USD Million, 2015–2022

List of Figures

Figure 1 Market Segmentation: Surge Protection Devices Market
Figure 2 Market Segmentation: Surge Arresters Market
Figure 3 Countries Covered
Figure 4 Surge Protection Devices: Research Design
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation Methodology
Figure 8 Europe Dominated the Surge Protection Devices Market in 2016
Figure 9 Plug in SPDS are Expected to Dominate the Market During the Forecast Period
Figure 10 The Industrial Segment Led the Surge Protection Devices Market, By End-User, in 2016
Figure 11 Industrial Segment is Expected to Dominate the SPD Market During Forecast Period
Figure 12 Attractive Market Opportunities in the Surge Protection Devices Market, 2017–2022
Figure 13 The Market in Asia-Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 14 Industrial Segment is Expected to Dominate the Surge Protection Devices Market By 2022
Figure 15 Germany Accounted for the Largest Share of the European Surge Protection Devices Market in 2016
Figure 16 Total Renewable Power Capacity
Figure 17 Plug in SPDS to Lead the Market During the Forecast Period
Figure 18 Below 10 kA SPDS to Lead the Market During the Forecast Period
Figure 19 Industrial Segment is Leading the SPDS Market During the Forecast Period
Figure 20 Regional Snapshot: Rapid Growth in Developing Markets Such as Asia-Pacific is Creating New Hot Spots
Figure 21 Europe to Lead the Surge Protection Devices Market
Figure 22 Europe Surge Protection Devices: Market Snapshot
Figure 23 Asia-Pacific Surge Protection Devices: Market Snapshot
Figure 24 Europe is Expected to Lead the Surge Arresters Market By 2022
Figure 25 Companies Adopted New Product Launch, Contracts & Agreements,Mergers & Acquasitions, and Awards & Recognitions to Capture the Market
Figure 26 Battle for Market Share: New Product Launch Was the Key Strategy, 2013–2017
Figure 27 Market Evaluation Framework: New Product Launches Fueled the Growth of Companies From 2013 to 2017
Figure 28 Vendor Dive Matrix
Figure 29 Product Strategy Comparission
Figure 30 Business Strategy Comparison

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