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Surge Protection Devices Market Share

Report ID: GMI6958
Published Date: Oct 2023
Report Format: PDF

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Surge Protection Devices Market Share

The manufacturers were continuously improving surge protection technology to provide better protection for sensitive electronic equipment. This includes advancements in surge componentry, voltage clamping, and response times.

The key industry market players include.

General Electric
Siemens
ABB
Schneider Electric
CG Power and Industrial Solutions Limited
Littelfuse, Inc.
Mercen
Infineon Technologies AG
Philips
JMV
GEYA Electrical Equipment Supply
Rockwell Automation
Hubbell
Belkin
Havells India Ltd.
Leviton Manufacturing Co., Inc.
Maxivolt
Phoenix Contact
Raycap
Intermatic Incorporated
OBO Bettermann Holding GmbH & Co. KG
Bourns, Inc.
Emerson Electric
Eaton
Legrand
Shenzhen Techwin Lightning Technologies Co., Ltd.

Legrand is a company with a presence in many countries and a wide range of electrical and wiring products, including surge protection devices. They offer surge protectors for residential, commercial, and industrial applications This company is well-known company in the electrical and digital building infrastructure industry.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market valuation of surge protection devices was worth USD 3.4 billion in 2023 and is estimated to surpass USD 5.8 billion by 2032, owing to the proliferation of electronics in both residential and commercial settings.

The plug-in surge protection devices market held a share of over 40% in 2022, favored by the increasing disposable income along with wide scale adoption of electronic devices in homes and businesses.

Asia Pacific market for surge protection devices was exceeded USD 1.2 billion in 2022, backed by the demand from rapidly expanding data centers across the region, along with stringent government regulations related to electrical safety, voltage fluctuations and surges.

Mercen, Infineon Technologies AG, Philips, JMV, GEYA Electrical Equipment Supply, Rockwell Automation, Hubbell, Belkin, Havells India Ltd., Leviton Manufacturing Co., Inc., Maxivolt, and Phoenix Contact among others.