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Plug-In Industrial Surge Protection Devices Market Share

Report ID: GMI12040
Published Date: Oct 2024
Report Format: PDF

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Plug-In Industrial Surge Protection Devices Market Share

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

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The plug-in industrial surge protection devices industry is highly competitive driven by rapid technological advancements, regulatory compliance needs, and diverse industrial applications. Key players including Legrand, Siemens, ABB, and Eaton compete on innovation, introducing SPDs with faster response times, durability, and IoT integration for predictive maintenance, essential in automated and data-centric environments. Compliance with standards including IEC 61643 and UL 1449 is a differentiator, as industrial clients seek reliable, high-performance SPDs that meet global safety criteria.

Plug-In Industrial Surge Protection Devices Market Companies

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

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

Authors: Ankit Gupta , Saurabh Singh

Frequently Asked Questions (FAQ) :

The global market for plug-in industrial surge protection devices was reached USD 350.7 million in 2023 and is estimated to grow at a CAGR of 6.4% from 2024 to 2032, driven by the rising demand to safeguard sensitive electrical systems.

The type 1 plug-in industrial surge protection devices market is expected to exceed USD 280 million by 2032, propelled by the need for comprehensive protection devices and enhanced voltage clamping.

The > 150 kA power rated plug-in industrial surge protection devices market is projected to grow at a CAGR of about 6% through 2032, as these devices play a vital role in protecting electrical systems in industries like energy and manufacturing.

The U.S. plug-in industrial surge protection devices market is set to reach over USD 110 million by 2032, led by strict regulatory mandates and ongoing investments in infrastructure modernization and industrial automation.

Major players in the industry include ABB, Belkin, Eaton, Emerson Electric, General Electric, Havells, Honeywell International, Hubbell, Infineon Technologies, JMV, Legrand, Leviton, Philips, Phoenix Contact, Raycap, Schneider Electric, Siemens, Socomec, Weidmuller, and Wenzhou Arrester Electric.