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Plug-In Commercial Surge Protection Devices Market Share

Report ID: GMI11667
Published Date: Oct 2024
Report Format: PDF

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Plug-In Commercial Surge Protection Devices Market Share

Plug-In Commercial Surge Protection Devices Company Market Share Analysis, 2023

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The plug-in commercial surge protection devices industry is characterized by intense competition among global and regional manufacturers. This industry is driven by the need to protect commercial electrical systems and sensitive electronic equipment from voltage spikes, power surges, and transient disturbances. The competitive landscape is influenced by factors including product innovation, regulatory compliance, quality standards, and price competitiveness.

Plug-In Commercial Surge Protection Devices Market Companies

Major players operating in the plug-in commercial surge protection devices industry are:

ABB
Belkin
Eaton
Emerson Electric
General Electric
Havells
Hubbell
Infineon Technologies
JMV
Legrand
Leviton
Maxivolt
Philips
Phoenix Contact
Schneider Electric
Socomec
Weidmuller
Wenzhou Arrester Electric

Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

In 2023, the market for plug-in commercial surge protection devices surpassed USD 593.2 million and is projected to witness about 6.3% CAGR from 2024 to 2032, primarily fueled by the rising share of renewable energy sources.

The market for Type 1 plug-in commercial surge protection devices is anticipated to exceed USD 500 million by 2032, attributed to the growing demand for all-encompassing protection devices.

The market for plug-in commercial surge protection devices with power ratings exceeding 150 kA is projected to grow at a CAGR of over 6% through 2032, driven by the rising adoption of advanced technological systems, which come with higher surge current ratings, ensuring protection against electrical disturbances.

The U.S. market for plug-in commercial surge protection devices is poised to exceed USD 125 million by 2032. This growth is underpinned by the nation's escalating need to protect vital infrastructure and electronics from electrical surges.

Prominent companies in the plug-in commercial surge protection devices market include ABB, Belkin, Eaton, Emerson Electric, General Electric, Havells, Hubbell, Infineon Technologies, JMV, Legrand, Leviton, Maxivolt, Philips, Phoenix Contact, Schneider Electric, Socomec, Weidmuller, Wenzhou Arrester Electric.