Surge Protection Devices Market Research Report – Forecast to 2027

Surge Protection Devices Market Research Report by Application (Residential, Industrial, Commercial), by Type (Plug-in surge protection devices, Hard Wired, Line Cord, Power Control Device), by Voltage (Low and High), and Region- Forecast till 2027

ID: MRFR/E&P/2056-HCR | February 2021 | Region: Global | 111 pages

Impact of COVID-19 on the Global Surge Protection Devices Market
Surge Protection Devices Market


Source: Primary Experts, Secondary Sources, and MRFR Analysis


The COVID-19 outbreak has impacted the global economy, and numerous sectors have been affected by the current circumstances due to the temporary closure of manufacturing plants. Companies in the surge protection devices industry have faced a lot of challenges during the pandemic due to fluctuations in raw material prices. Due to the COVID-19 outbreak and the containment measures being taken globally, travel has almost come to a halt, which has led to a shift in product and service requirements. These changes are likely to affect the power generation industry, and in turn, the global surge protection devices market over the forecast period. The spread of COVID-19 has not only caused the loss of human lives but has also triggered a global economic recession. The partial or complete lockdowns in many countries have indirectly or directly impacted several industries, causing disruptions in product commercialization, vendor operations, and supply chains, among other activities.


Net Consumption of Electricity Worldwide From 2014 To 2019 (In Billion Kilowatt Hours)


Source: Secondary Sources


The global demand and supply for surge protection devices have been impacted due to the COVID-19 pandemic. The fluctuating supply and prices of raw materials have also affected the growth of the global surge protection devices market. Furthermore, in March 2020, the World Health Organization (WHO) announced the COVID-19 outbreak as a global pandemic, resulting in numerous countries enforcing lockdowns. There is a high probability that the COVID-19 outbreak will have long-term effects on consumer lifestyles and buying behavior. China is a prominent supplier of raw materials and related products required for manufacturing surge protection devices worldwide. The surge protection devices market in the Asia-Pacific region is expected to regain momentum in the post-lockdown period, with countries including China, Japan, India, and South Korea witnessing lucrative opportunities.

Table of content

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat of New Entrants

3.1.2 Bargaining power of buyers

3.1.3 Bargaining power of suppliers

3.1.4 Threat of substitutes

3.1.5 Segment rivalry

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

5 Global Surge Protection Devices Market, By Application

5.1 Introduction

5.2 Residential

5.2.1 Market Estimates & Forecast, 2020-2027

5.2.2 Market Estimates & Forecast by Region, 2020-2027

5.3 Industrial

5.3.1 Market Estimates & Forecast, 2020-2027

5.3.2 Market Estimates & Forecast by Region, 2020-2027

5.4 Commercial

5.4.1 Market Estimates & Forecast, 2020-2027

5.4.2 Market Estimates & Forecast by Region, 2020-2027

6 Global Surge Protection Devices Market, By Type

6.1 Introduction

6.2 Plug-in Protection

6.2.1 Market Estimates & Forecast, 2020-2027

6.2.2 Market Estimates & Forecast by Region, 2020-2027

6.3 Hard Wired

6.3.1 Market Estimates & Forecast, 2020-2027

6.3.2 Market Estimates & Forecast by Region, 2020-2027

6.4 Line Cord

6.4.1 Market Estimates & Forecast, 2020-2027

6.4.2 Market Estimates & Forecast by Region, 2020-2027

6.5 Power control Device

6.5.1 Market Estimates & Forecast, 2020-2027

6.5.2 Market Estimates & Forecast by Region, 2020-2027

7 Global Surge Protection Devices Market, By Voltage

7.1 Introduction

7.2 Low

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 High

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

8 Global Surge Protection Devices Market, By Region

8.1 Introduction

8.2 North America

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Application, 2020-2027

8.2.3 Market Estimates & Forecast by Type, 2020-2027

8.2.4 Market Estimates & Forecast by Voltage, 2020-2027

8.2.5 U.S.

8.2.5.1 Market Estimates & Forecast, 2020-2027

8.2.5.2 Market Estimates & Forecast by Application, 2020-2027

8.2.5.3 Market Estimates & Forecast by Type, 2020-2027

8.2.5.4 Market Estimates & Forecast by Voltage, 2020-2027

8.2.6 Canada

8.2.6.1 Market Estimates & Forecast, 2020-2027

8.2.6.2 Market Estimates & Forecast by Application, 2020-2027

8.2.6.3 Market Estimates & Forecast by Type, 2020-2027

8.2.6.4 Market Estimates & Forecast by Voltage, 2020-2027

8.3 Europe

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Application, 2020-2027

8.3.3 Market Estimates & Forecast by Type, 2020-2027

8.3.4 Market Estimates & Forecast by Voltage, 2020-2027

8.3.5 U.K.

8.3.5.1 Market Estimates & Forecast, 2020-2027

8.3.5.2 Market Estimates & Forecast by Application, 2020-2027

8.3.5.3 Market Estimates & Forecast by Type, 2020-2027

8.3.5.4 Market Estimates & Forecast by Voltage, 2020-2027

8.3.6 Germany

8.3.6.1 Market Estimates & Forecast, 2020-2027

8.3.6.2 Market Estimates & Forecast by Application, 2020-2027

8.3.6.3 Market Estimates & Forecast by Type, 2020-2027

8.3.6.4 Market Estimates & Forecast by Voltage, 2020-2027

8.3.7 France

8.3.7.1 Market Estimates & Forecast, 2020-2027

8.3.7.2 Market Estimates & Forecast by Application, 2020-2027

8.3.7.3 Market Estimates & Forecast by Type, 2020-2027

8.3.7.4 Market Estimates & Forecast by Voltage, 2020-2027

8.3.8 Italy

8.3.8.1 Market Estimates & Forecast, 2020-2027

8.3.8.2 Market Estimates & Forecast by Application, 2020-2027

8.3.8.3 Market Estimates & Forecast by Type, 2020-2027

8.3.8.4 Market Estimates & Forecast by Voltage, 2020-2027

8.3.9 Rest of Europe

8.3.9.1 Market Estimates & Forecast, 2020-2027

8.3.9.2 Market Estimates & Forecast by Application, 2020-2027

8.3.9.3 Market Estimates & Forecast by Type, 2020-2027

8.3.9.4 Market Estimates & Forecast by Voltage, 2020-2027

8.4 Asia Pacific

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast by Application, 2020-2027

8.4.3 Market Estimates & Forecast by Type, 2020-2027

8.4.4 Market Estimates & Forecast by Voltage, 2020-2027

8.4.5 China

8.4.5.1 Market Estimates & Forecast, 2020-2027

8.4.5.2 Market Estimates & Forecast by Application, 2020-2027

8.4.5.3 Market Estimates & Forecast by Type, 2020-2027

8.4.5.4 Market Estimates & Forecast by Voltage, 2020-2027

8.4.6 Japan

8.4.6.1 Market Estimates & Forecast, 2020-2027

8.4.6.2 Market Estimates & Forecast by Application, 2020-2027

8.4.6.3 Market Estimates & Forecast by Type, 2020-2027

8.4.6.4 Market Estimates & Forecast by Voltage, 2020-2027

8.4.7 India

8.4.7.1 Market Estimates & Forecast, 2020-2027

8.4.7.2 Market Estimates & Forecast by Application, 2020-2027

8.4.7.3 Market Estimates & Forecast by Type, 2020-2027

8.4.7.4 Market Estimates & Forecast by Voltage, 2020-2027

8.4.8 Rest of Asia Pacific

8.4.8.1 Market Estimates & Forecast, 2020-2027

8.4.8.2 Market Estimates & Forecast by Application, 2020-2027

8.4.8.3 Market Estimates & Forecast by Type, 2020-2027

8.4.8.4 Market Estimates & Forecast by Voltage, 2020-2027

8.5 Rest of the World

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast by Application, 2020-2027

8.5.3 Market Estimates & Forecast by Type, 2020-2027

8.5.4 Market Estimates & Forecast by Voltage, 2020-2027

9 Competitive Landscape

10 Company Profile

10.1 Schneider Electric SE (France)

10.1.1 Company Overview

10.1.2 Product/Services Offering

10.1.3 Financial Overview

10.1.4 Key Developments

10.1.5 Strategy

10.1.6 SWOT Analysis

10.2 ABB Ltd. (Switzerland)

10.2.1 Company Overview

10.2.2 Product /Services Offering

10.2.3 Financial Overview

10.2.4 Key Developments

10.2.5 Strategy

10.2.6 SWOT Analysis

10.3 Mitsubishi Electric Corporation (Japan)

10.3.1 Company Overview

10.3.2 Product /Services Offering

10.3.3 Financial Overview

10.3.4 Key Developments

10.3.5 Strategy

10.3.6 SWOT Analysis

10.4 Alstom SA (France)

10.4.1 Company Overview

10.4.2 Product /Services Offering

10.4.3 Financial Overview

10.4.4 Key Developments

10.4.5 Strategy

10.4.6 SWOT Analysis

10.5 Siemens AG (Germany)

10.5.1 Company Overview

10.5.2 Product /Services Offering

10.5.3 Financial Overview

10.5.4 Key Developments

10.5.5 Strategy

10.5.6 SWOT Analysis

10.6 Toshiba (Japan)

10.6.1 Company Overview

10.6.2 Product /Services Offering

10.6.3 Financial Overview

10.6.4 Key Developments

10.6.5 Strategy

10.6.6 SWOT Analysis

10.7 Larsen & Turbo (India)

10.7.1 Company Overview

10.7.2 Product /Services Offering

10.7.3 Financial Overview

10.7.4 Key Developments

10.7.5 Strategy

10.7.6 SWOT Analysis

10.8 Hyundai heavy industries (South Korea)

10.8.1 Company Overview

10.8.2 Product /Services Offering

10.8.3 Financial Overview

10.8.4 Key Developments

10.8.5 Strategy

10.8.6 SWOT Analysis

10.9 Hitachi (Japan)

10.9.1 Company Overview

10.9.2 Product /Services Offering

10.9.3 Financial Overview

10.9.4 Key Developments

10.9.5 Strategy

10.9.6 SWOT Analysis

10.10 Nissin Electric (Japan)

10.10.1 Company Overview

10.10.2 Product /Services Offering

10.10.3 Financial Overview

10.10.4 Key Developments

10.10.5 Strategy

10.10.6 SWOT Analysis

10.11 Eaton (Ireland)

10.11.1 Company Overview

10.11.2 Product /Services Offering

10.11.3 Financial Overview

10.11.4 Key Developments

10.11.5 Strategy

10.11.6 SWOT Analysis

10.12 Meidensha (Japan)

10.12.1 Company Overview

10.12.2 Product /Services Offering

10.12.3 Financial Overview

10.12.4 Key Developments

10.12.5 Strategy

10.12.6 SWOT Analysis

10.13 Mersen India Pvt. Ltd. (India)

10.13.1 Company Overview

10.13.2 Product /Services Offering

10.13.3 Financial Overview

10.13.4 Key Developments

10.13.5 Strategy

10.13.6 SWOT Analysis


List of Tables

Table 1 Global Surge Protection Devices Market: By Region, 2020-2027

Table 2 North America Surge Protection Devices Market: By Country, 2020-2027

Table 3 Europe Surge Protection Devices Market: By Country, 2020-2027

Table 4 Asia Pacific Surge Protection Devices Market: By Country, 2020-2027

Table 5 RoW Surge Protection Devices Market: By Country, 2020-2027

Table 6 Global Surge Protection Devices Market by Application Market: By Regions, 2020-2027

Table 7 North America Surge Protection Devices Market by Application: By Country, 2020-2027

Table 8 Europe Surge Protection Devices Market by Application: By Country, 2020-2027

Table 9 Asia Pacific Surge Protection Devices Market by Application: By Country, 2020-2027

Table 10 RoW Surge Protection Devices Market by Application: By Country, 2020-2027

Table 11 Global Surge Protection Devices Market, by Type, By Regions, 2020-2027

Table 12 North America Surge Protection Devices Market, by Type, By Country, 2020-2027

Table 13 Europe Surge Protection Devices Market, by Type, By Country, 2020-2027

Table 14 Asia Pacific Surge Protection Devices Market, by Type, By Country, 2020-2027

Table 15 RoW Surge Protection Devices Market, by Type, By Country, 2020-2027

Table 16 Global Surge Protection Devices Market, by Voltage, By Regions, 2020-2027

Table 17 North America Surge Protection Devices Market, by Voltage, By Country, 2020-2027

Table 18 Europe Surge Protection Devices Market, by Voltage, By Country, 2020-2027

Table 19 Asia Pacific Surge Protection Devices Market, by Voltage, By Country, 2020-2027

Table 20 RoW Surge Protection Devices Market, by Voltage, By Country, 2020-2027

Table 21 Global Surge Protection Devices Market: By Region, 2020-2027

Table 22 Global Surge Protection Devices Market: By Region, 2020-2027

Table 23 Global Surge Protection Devices Market: By Region, 2020-2027

Table 24 North America Surge Protection Devices Market, By Country

Table 25 North America Surge Protection Devices Market, by Application

Table 26 North America Surge Protection Devices Market, By Type

Table 27 North America Surge Protection Devices Market, By Voltage

Table 28 Europe: Surge Protection Devices Market, By Country

Table 29 Europe: Surge Protection Devices Market, by Application

Table 30 Europe: Surge Protection Devices Market, By Type

Table 31 Europe: Surge Protection Devices Market, By Voltage

Table 32 Europe: Surge Protection Devices Market, By Voltage

Table 33 Asia Pacific: Surge Protection Devices Market, By Country

Table 34 Asia Pacific: Surge Protection Devices Market, by Application

Table 35 Asia Pacific: Surge Protection Devices Market, By Type

Table 36 Asia Pacific: Surge Protection Devices Market, By Voltage

Table 37 RoW: Surge Protection Devices Market, By Region

Table 38 RoW Surge Protection Devices Market, by Application

Table 39 RoW Surge Protection Devices Market, By Type

Table 40 RoW Surge Protection Devices Market, By Voltage

List of Figures

FIGURE 1 RESEARCH PROCESS OF MRFR

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

FIGURE 3 MARKET DYNAMICS

FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS

FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS

FIGURE 6 PORTER’S FIVE FORCES ANALYSIS

FIGURE 7 VALUE CHAIN ANALYSIS

FIGURE 8 GLOBAL SURGE PROTECTION DEVICES MARKETSHARE, BY END-USE, 2020 (%)

FIGURE 9 GLOBAL SURGE PROTECTION DEVICES MARKET, BY END-USE, 2020-2027 (USD MILLION)

FIGURE 10 GLOBAL SURGE PROTECTION DEVICES MARKETSHARE, BY TYPE, 2020 (%)

FIGURE 11 GLOBAL SURGE PROTECTION DEVICES MARKET, BY TYPE, 2020-2027 (USD MILLION)

FIGURE 12 GLOBAL SURGE PROTECTION DEVICES MARKET SHARE (%), BY REGION, 2020

FIGURE 13 GLOBAL SURGE PROTECTION DEVICES MARKET, BY REGION, 2020-2027 (USD MILLION)

FIGURE 14 NORTH AMERICA SURGE PROTECTION DEVICES MARKETSHARE (%), 2020

FIGURE 15 NORTH AMERICA SURGE PROTECTION DEVICES MARKETBY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 16 EUROPE SURGE PROTECTION DEVICES MARKETSHARE (%), 2020

FIGURE 17 EUROPE SURGE PROTECTION DEVICES MARKETBY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 18 ASIA PACIFIC SURGE PROTECTION DEVICES MARKETSHARE (%), 2020

FIGURE 19 ASIA PACIFIC SURGE PROTECTION DEVICES MARKETBY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 20 REST OF THE WORLD SURGE PROTECTION DEVICES MARKETSHARE (%), 2020

FIGURE 21 REST OF THE WORLD SURGE PROTECTION DEVICES MARKETBY COUNTRY, 2020-2027 (USD MILLION)