The surge protection devices market size has the potential to grow by USD 694.30 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by product (hardwired, line cord, wall plug, and power control center), end-user (industrial, commercial, and others), and geography (North America, Europe, APAC, South America, and MEA). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including ABB Ltd., Belkin International Inc., Eaton Corp. Plc, Emerson Electric Co., General Electric Co., Hubbell Inc., Koninklijke Philips NV, Leviton Manufacturing Co. Inc., Siemens AG, and Schneider Electric SE.
Market Overview
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Market Competitive Analysis
The market is fragmented. ABB Ltd., Belkin International Inc., Eaton Corp. Plc, Emerson Electric Co., General Electric Co., Hubbell Inc., Koninklijke Philips NV, Leviton Manufacturing Co. Inc., Siemens AG, and Schneider Electric SE are some of the major market participants. Factors such as the increasing use of electronics in the residential sector will offer immense growth opportunities. However, uncertainties in global economic growth may impede the market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this surge protection devices market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this surge protection devices market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- ABB Ltd.
- Belkin International Inc.
- Eaton Corp. Plc
- Emerson Electric Co.
- General Electric Co.
- Hubbell Inc.
- Koninklijke Philips NV
- Leviton Manufacturing Co. Inc.
- Siemens AG
- Schneider Electric SE
Surge Protection Devices Market: Segmentation by Geography
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The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. North America will offer several growth opportunities to market vendors during the forecast period. The growing healthcare industry will significantly influence surge protection devices market's growth in this region.
62% of the market’s growth will originate from North America during the forecast period. The US is one of the key markets for surge protection devices in North America. This report provides an accurate prediction of the contribution of all segments to the growth of the surge protection devices market size.
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Americas Surge Protection Devices market - The market share is expected to grow at a CAGR of 5.95 percent over the period 2014-2019.
Surge Protection Devices Market: Key Highlights of the Report for 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will surge protection devices market growth during the next five years
- Precise estimation of the surge protection devices market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the surge protection devices industry across North America, Europe, APAC, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of surge protection devices market vendors
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