세계의 서지 보호 디바이스 시장 : 점유율 분석, 산업 동향·통계, 성장 예측(2025-2030년)

The Global Surge Protection Devices Market is expected to register a CAGR of greater than 5.36% during the forecast period.

Key Highlights

• The global market for surge protection devices is growing primarily as a result of the automobile industry's quick expansion and the rising need for small, smart portable appliances with quicker processors, better power densities, and more sensitivity. Additionally, the market is being positively impacted by the growing use of electrical and mechanical components in the automotive sector to enhance comfort, safety, and telematics for passengers as well as driver assistance and navigation. Accordingly, the usage of these devices to give intelligent and high-performance functionalities by preventing overheating and wiring is fueling market expansion.
• Similar to any sensitive electrical equipment, EV chargers also require surge protection. Voltage fluctuations within the power grid can render charging ports useless. With the accelerated growth in adoption of EVs across major economies, the demand for surge protection devices is expected to see significant growth. For instance, According to Indian Brand Equity Foundation, In FY21, India produced 22.65 million cars annually, with 13 million built between April and October 2021. Sales of electric vehicles (EVs) hit a new high of 5,592 units in the third quarter of FY22. Overall, 329,190 electric vehicles (EVs) were sold in India in 2021, representing a 168% YoY increase over the 122,607 units sold the previous year.
• The demand for electrical products is growing as a result of rising population levels and expanding economic growth in developing countries. The level of living has elevated due to increased industrialisation and an increase in disposable money. Consequently, during the past few years, consumption and spending on electronic goods have increased dramatically. The rising use of microprocessors in a wider range of products and the ongoing shrinking of microelectronic components are both to blame for the rise in equipment damage. The main drivers of the expansion of the global market for surge protection devices are the rising nations' adoption of high-tech products such as LCD, LED, laptops, washing machines, and televisions.
• The stay-at-home orders issued across multiple countries have further complicated electronics manufacturing and related services. With remote/online work only having limited applications on the factory floor, many businesses in this field have been classified as essential product providers. Electronics manufacturers carry out many critical tasks that support other industries around the world. From product assembly to circuit board designs that power necessary medical equipment, electronics manufacturing has been an integral part of the economy and the healthcare space during this COVID-19 outbreak.
• Common surge protectors can prevent voltage spikes and surges, but they cannot block the powerful, catastrophic burst of current caused by a nearby lightning strike. With a small electronic gadget inside a power strip, direct lightning current is simply too large to shield. No matter how many capacitors and battery banks are present, if the surge protectors are in the route of a lightning strike, all lightning will simply flash over the object. The majority of SPDs offer a respectable level of protection against a direct voltage strike or surge. They cannot completely guarantee against harm to any electronic equipment, which poses a severe obstacle to the widespread use of surge protection devices.

Surge Protection Devices Market Trends

Residential Segment is one of the Factor Driving the Market

• To meet the increasing demand of the customers and the rise in the residential sector is driving the market players to incorporate new features in the existing product or develop new products to meet the customer demands. For example, Siemens, The new BoltShield QSPD series of surge protection is specially made for residential applications and offers the finest defense against both internally and externally generated surges. Due to cost and space concerns, many buildings only have one SPD, which is situated in the primary incoming load center. This contravenes IEEE recommendations, which call for cascading SPDs throughout the building.
• According to Statistics Norway, Housing Starts in Norway increased to 2777 units in May from 1929 units in April of 2022. Furthermore, in January 2022, The Norwegian municipality of Stavanger gave Swedish construction company Skanska a USD 85.5 million (NOK750 million) contract to develop a new municipal town center. The Storhaugneighborhood of Stavanger will receive the LervikQuarter development project. The 26,000m2 structure will have parking places, a primary school, a kindergarten, offices, a grocery shop, a multipurpose hall, and other amenities. Increasing construction projects like this will enhance the HVAC equipment market's growth. An increase in residential projects will drive the market.
• With affluent countries like the United Kingdom, France, Germany, Denmark, Switzerland, Luxembourg, Belgium, and other Scandinavian countries EU has one of the highest per capita income and GDP in the world. According to IMF, the European Union Gross Domestic Product in 2020 was USD 15,167 billion and is expected to reach USD 21,183 billion by 2026. The region's per capita income is also high, with seven European countries being in the top seven in the world. This allows the European citizens to spend higher on Surge protection devices.
• According to the United States Census Bureau, as of May 2021, the private housing authorized by building permits was at a seasonally adjusted annual rate of 1,681,000. The value was 34.9% above the May 2020 rate. The increase in residential units creates growth opportunities for the Surge protection device market.
• Even though Mumbai has one of the highest real estate costs in the nation, several factors are currently in play that has made buying a home in this city a practical alternative. A recent real estate study in India found that home sales in the country's top seven cities exceeded Q1 2020 by more than 29 percent, totaling 58,920 units. This is significantly higher than pre-COVID levels, indicating an economic improvement. In the seven cities, 62,130 residential units were constructed in the first quarter of 2021, an increase of 18% from the previous quarter and 51% year over year. The top seven cities in India are National Capital Region (NCR), Mumbai Metropolitan Region (MMR), Bengaluru, Pune, Hyderabad, Chennai, and Kolkata. Such a huge increase in the residential sector will drive the studied market.

Asia Pacific Holds the Major Share of the Market

• The china, taiwan, japan,and rest of the region make up the other subgroups of the asia pacific surge protection devices market. The construction of hospitals, offices, huge retail stores, and theatres has expanded as a result of continued economic growth and growing urbanization. The governments of Asia Pacific nations support the growth of airport infrastructure and the creation of smart cities. Thus, increased tourism, smart city projects, and construction activities are driving the demand for surge protection devices in the region's residential, commercial, and industrial sectors
• The increasing government initiatives to reduce energy consumption has been one of the primary factors for adopting smart building solutions. For instance, the U.S.- China Economic and Security Review Commission estimates that in 2023, China will spend USD 38.92 billion on government activities related to smart cities. These changes also reveal a country's willingness to use surge protection technology.
• A significant trend impacting the market studied is the focus on smart manufacturing practices. According to the data from IBEF, the Government of India set an ambitious target of increasing manufacturing output contribution to 25% of Gross Domestic Product (GDP) by 2025, from 16%. The Smart Advanced Manufacturing and Rapid Transformation Hub (SAMARTH) Udyog Bharat 4.0 initiative aim to enhance awareness about Industry 4.0 within the Indian manufacturing industry and help stakeholders address challenges related to the smart factory.
• According to the Department for Promotion of Industry and Internal Trade (India), India's construction development industry received around USD 420 million in foreign direct investment equity during the fiscal year 2021. The market for surge protection devices will be greatly boosted by such a sizable inflow of investments.
• During the projected period, the industrial segment is anticipated to develop faster. Vehicles and electrical equipment are being subjected to the Industry 4.0 program to facilitate remote diagnostics, remote maintenance, and remote data collection. Due to these activities, the need for data centers, servers, and communication systems has surged. The demand for protective solutions for such vital equipment has grown along with the use of electronic technology. This is fueling the industrial segment's need for surge protection devices, which is anticipated to expand the market's potential revenue sources throughout the projected year.

Surge Protection Devices Industry Overview

The global surge protection device market is moderately consolidated, with the presence of a few major companies. The firms are continuously investing in making strategic partnerships and product developments to gain more market share. Some of the recent developments in the market are:

• June 2022 - A new quarter-wave RF surge protector has been made available by PolyPhaser, an Infinite Electronics brand and a market player in RF and data surge protection, filtering, and grounding solutions, to protect equipment from electromagnetic pulses (EMPs) and power surges brought on by lightning or other significant electrical changes. The new QWP-DMDF-ER coaxial surge protector supports frequencies from 555 MHz to 4.5 GHz and reduces DC surge. For applications such as CBRS networks, cellular networks, DAS, emergency response systems, and public safety systems, this broadband performance makes it ideal.
• July 2021 - In order to assist current and potential Leviton Load Center customers deliver efficient surge protection for their entire home utilising a straightforward plug-on solution, Leviton recently announced the release of four new Type-1 Surge Protective Circuit Breakers. Article 230.67 of the 2020 National Electrical Code (NEC) mandates that all services supplying dwelling units be equipped with a Type 1 or Type 2 surge protective device, either as an integral part of the equipment or situated immediately nearby. These new breakers are made to comply with this requirement.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET INSIGHTS

• 4.1 Market Overview
• 4.2 Industry Attractiveness - Porter's Five Forces Analysis
  • 4.2.1 Bargaining Power of Suppliers
  • 4.2.2 Bargaining Power of Buyers
  • 4.2.3 Threat of New Entrants
  • 4.2.4 Intensity of Competitive Rivalry
  • 4.2.5 Threat of Substitutes
• 4.3 Value Chain Analysis
• 4.4 Assessment of Impact of COVID-19 on the Market

5 MARKET DYNAMICS

• 5.1 Market Drivers
  • 5.1.1 Increasing Demand for Electronic Device Protection Systems
  • 5.1.2 Consistent Power Quality Problems
• 5.2 Market Restraints
  • 5.2.1 Additional Cost for Installation

6 MARKET SEGMENTATION

• 6.1 By Type
  • 6.1.1 Hard-Wired
  • 6.1.2 Plug-In
  • 6.1.3 Line Cord
• 6.2 By Discharge Current
  • 6.2.1 Upto 10KA
  • 6.2.2 10KA-25KA
  • 6.2.3 Above 25KA
• 6.3 By End User
  • 6.3.1 Industrial
  • 6.3.2 Commercial
  • 6.3.3 Residential
• 6.4 By Geography
  • 6.4.1 North America
  • 6.4.2 Europe
  • 6.4.3 Asia Pacific
  • 6.4.4 Rest of the World

7 COMPETITIVE LANDSCAPE

• 7.1 Company Profiles
  • 7.1.1 ABB Ltd
  • 7.1.2 Eaton Corporation, Plc.
  • 7.1.3 Emersen Electric Co.
  • 7.1.4 Schneider Electric Se
  • 7.1.5 Littelfuse, Inc.
  • 7.1.6 Legrand
  • 7.1.7 Leviton Manufacturing Company, Inc.
  • 7.1.8 Tripp Lite
  • 7.1.9 Hubbell Incorporated
  • 7.1.10 Belkin International

8 INVESTMENT ANALYSIS

9 FUTURE OF THE MARKET