The United States surge
protector market is anticipated to grow at a steady rate in the forecast
period, 2023-2027. The high demand for protection systems for electronic
devices due to frequent power failures and the rising cost is driving the
demand for the United States surge protector market. The other factors that are
expected to accelerate the market growth are the rise in the adoption of surge
protection devices to protect new, innovative, and advanced electrical and
electronic gadgets and the improved living standards of consumers. Consumers
have become more aware and active and are willing to spend on surge protectors
to cut their electricity bills by lowering the power consumed by gadgets. The
availability of surge protectors belonging to different brands and their
increased use in industrial, commercial, and residential applications is
further expected to boost the United States surge protector market growth over
the next five years.
High Demand for Protection
System of Electronic Devices Fuels the Market Growth
The rise in the use of
electrical systems and the need to have a stable power quality supply is
expected to fuel the demand for United States surge protector market growth.
Surge protector devices protect the high-cost electronic system from getting
damaged, which eliminates the need to invest in repair and maintenance costs.
The growing disposable income and increased awareness among consumers fuel the
demand for technologically advanced electrical equipment. The growing adoption
of electronic components in the manufacturing industries, industrial and
residential sectors is creating the need to protect individual equipment and
machinery from surges and transient voltages. In the United States, the
National Electrical Code, which is sponsored and published by National Fire
Protection Association in Quincy, Massachusetts, is updated every three-year
based on the advancements in technology and innovations. The most recent
edition, which was published in 2020, pushes the requirement to install surge
protection devices in their entire house. Demand from the new and existing
homes to update their existing infrastructure and protect the appliances,
electronic equipment, and computers from electrical surges are expected to
boost the United States surge protector market growth over the next five years.
Advancements in Technology
Supports the Market Growth
The high-end investments by
the market players to invest in research and development activities and find
new technologies and innovations are expected to create lucrative growth
opportunities for the market players over the next five years. The increase in
the use of smart power strips over traditional power strips is expected to
support the market growth in the coming years. Traditional power strips support
a number of power devices and use only one outlet, and if the devices are
plugged in, they continue to consume energy. Smart power strips can save energy
and cut power due to their ability to detect the device even in standby mode.
Also, the introduction of Wi-fi enabled power strips due to their capability to
automatically set timers and schedules to monitor energy usage is expected to
act as a positive factor for the United States surge protector market in the
coming years.
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Market Segmentation
The United States surge
protector market is segmented into type, discharge
current, component, end-user, regional distribution, and company. Based
on type, the market is divided into hard-wired, plug-in, and line cord. Based
on discharge current, the market is divided into below 10 kA, 10 kA–25 kA, and
above 25 kA. Based on component, the market is divided into suppressor, gas
discharge tube, surge arrestor, and others. Based on end-user, the market is
divided into industrial, commercial, and residential. To analyze the market
based on the region, the United States surge protector market is studied in
major regions namely southern region, western region, mid-western region, and
north-eastern region.
Market Players
Abb Ltd, Belkin
International, Eaton Corporation Plc, Emerson Electric Co, General Electric
Company, Hubbell Incorporated, Littelfuse, Inc, Mersen, Schneider Electric SE,
and Siemens AG, are the major market players operating in the United States surge
protector market.
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Attribute
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Details
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Base Year
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2021
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Historic Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
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Report coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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·
Type
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Discharge
Current
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Component
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End-User
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Regional scope
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South, West, Mid-West, North-East
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Key companies profiled
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Abb Ltd, Belkin International, Eaton
Corporation Plc, Emerson Electric Co, General Electric Company, Hubbell
Incorporated, Littelfuse, Inc, Mersen, Schneider Electric SE, and Siemens AG
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Customization scope
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10% free report customization with purchase. Addition or alteration
to regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
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Report Scope:
In this report, United States surge
protector market has been segmented into following categories, in addition to
the industry trends which have also been detailed below:
- United States Surge
Protector Market, By Type:
- Hard-Wired
- Plug-In
- Line Cord
- United States Surge Protector Market, By Discharge Current:
- Below 10 kA
- 10 kA–25 kA
- Above 25 kA
- United States Surge Protector Market, By Component:
- Suppressor
- Gas Discharge Tube
- Surge Arrestor
- Others
- United States Surge
Protector Market, By End User:
- Industrial
- Commercial
- Residential
- United States Surge
Protector Market, By Region:
- South
- West
- Mid-West
- North-East
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in United States surge protector market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
United States surge
protector market is an upcoming report to be released soon. If you wish an
early delivery of this report or want to confirm the date of release, please
contact us at [email protected]