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Plug In Residential Surge Protection Device Market Trends

Report ID: GMI11381
Published Date: Sep 2024
Report Format: PDF

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Plug In Residential Surge Protection Device Market Trends

The industry is witnessing substantial growth on account of inexpensive as compared to whole-house surge protectors, making them an attractive option for homeowners. Rapid population growth particularly in emerging markets coupled with rising consumers investment in more electronics devices will positively influence the need for affordable surge protection devices. Moreover, stringent regulations and standards for electrical safety in residential buildings combined with robust urbanization growth and new housing development will encourage the deployment of these units.

Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

The market size of plug in residential surge protection device was worth over USD 444.4 million in 2023 and is anticipated to register 6.1% CAGR between 2024 and 2032, due to the growing awareness of the risks associated with electrical surges.

The type 1 segment in the plug in residential surge protection device market will exceed USD 350 million by 2032, due to increasing demand for comprehensive home protection devices in conjunction.

Asia Pacific plug in residential surge protection device market is set to record USD 250 million by 2032, due to rapid urbanization growth and rising residential construction activities.

ABB, Belkin, CLAMPER, Eaton, Emerson Electric Co., General Electric, Havells India Ltd., Hubbell Incorporated, Infineon Technologies AG, JMV LPS Limited, Koninklijke Philips N.V., and Legrand, among others.