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Industrial Surge Protection Devices Market Share

Report ID: GMI11188
Published Date: Sep 2024
Report Format: PDF

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Industrial Surge Protection Devices Market Share

Mercen specializes in surge protection devices designed to safeguard electrical systems from voltage spikes and transients. Its products are engineered to offer reliable protection for a wide range of applications, including residential, commercial, and industrial environments. Its devices are known for their high performance and durability, utilizing advanced technologies to effectively absorb and dissipate excess energy caused by lightning strikes or other electrical disturbances. Their comprehensive range of solutions includes both AC and DC protection, ensuring robust defense against potential damage and enhancing the longevity and reliability of critical electrical equipment.

Industrial Surge Protection Devices Market Companies

The key industry players include:

ABB
Belkin
Bourns, Inc.
CG Power and Industrial Solutions Limited
Eaton
Emerson Electric Co.
General Electric
Havells
Hubbell
Legrand
Leviton Manufacturing Co., Inc.
Maxivolt
Mercen
Philips
Raycap
Rockwell Automation
Schneider Electric
Siemens

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of industrial surge protection devices was worth over USD 864.7 million in 2023 and is estimated to grow at a CAGR of over 6.3% during 2024 to 2032, driven by the growing dependence on electronic equipment.

The type 1 industrial surge protection devices segment will cross over USD 700 million by 2032, driven by the increasing need to protect industrial equipment from voltage spikes and electrical surges.

Asia Pacific industrial surge protection devices market is set to surpass USD 550 million by 2032, driven by rapid industrialization and urbanization coupled with increasing adoption of advanced technologies.

Emerson Electric Co, General Electric, Havells, Hubbell, Legrand, Leviton Manufacturing Co., Inc., Maxivolt among others.