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Asia Pacific Surge Protection Device Market Trends

Report ID: GMI10858
Published Date: Aug 2024
Report Format: PDF

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Asia Pacific Surge Protection Device Market Trends

The industry is experienced substantial growth owing to the expansion of smart homes and incorporation of IoT systems. Growing adoption of these devices to safeguard smart appliances, entertainment systems, and interconnected devices from power fluctuations will drive the business growth. Additionally, increasing demand of these units to protect critical machinery, control systems, and automation equipment combined with efficient and reliable solutions will positively sway the business outlook.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

Asia Pacific market for surge protection device was worth over USD 1.24 billion in 2023 and is estimated to grow at 6.3% CAGR through 2032, driven by the aging grid infrastructure.

The commercial segment in the Asia Pacific surge protection device market will record over 6% CAGR through 2032, on account of the rapid expansion of commercial sectors including retail, office buildings, healthcare facilities.

China surge protection device market is set to surpass USD 700 million by 2032, owing to the burgeoning demand for large scale infrastructure projects.

ABB, Cape Electric Pvt Ltd., CG Power and Industrial Solutions Limited, Eaton, Emerson Electric, General Electric, GEYA Electrical Equipment Supply, Havells India Ltd., Hubbell, Infineon Technologies AG, JMV, and Legrand among others.