U.S. Electrical Surge Control Devices Market Size By Device Type (Type 1, Type 2, Type 3), By Type (Hard Wired, Line Cord, Plug-in), By Discharge Current (Below 10 kA, 10 kA–25 kA, Above 25 kA), By End User (Industrial, Commercial, Residential), By Geographic Scope And Forecast
Report ID: 270074|No. of Pages: 202
U.S. Electrical Surge Control Devices Market Size By Device Type (Type 1, Type 2, Type 3), By Type (Hard Wired, Line Cord, Plug-in), By Discharge Current (Below 10 kA, 10 kA–25 kA, Above 25 kA), By End User (Industrial, Commercial, Residential), By Geographic Scope And Forecast
U.S. Electrical Surge Control Devices Market Size And Forecast
U.S. Electrical Surge Control Devices Market size was valued at USD 654.07 Million in 2022 and is projected to reach USD 1110.45 Million by 2030, growing at a CAGR of 6.84% from 2023 to 2030.
The sector that focuses on creating, distributing, and marketing tools intended to shield electrical systems and equipment against power surges is referred to as the U.S. Electrical Surge Control Devices Market. Power surges, which are abrupt rises in electrical voltage, can happen for a number of causes, including utility grid oscillations, lightning strikes, or switching of high-power electrical equipment. These surges have the potential to harm delicate electronic equipment, resulting in downtime, data loss, and expensive repairs. Due to a number of causes, the U.S. market for electrical surge control devices has been gradually expanding. The growing need for power surge protection across a variety of industries is what is driving the U.S. market for electrical surge control devices. As technology develops, the market is anticipated to experience further expansion and innovation.
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U.S. Electrical Surge Control Devices Market Definition
The U.S. Electrical Surge Control Devices Market refers to the sector of the economy that encompasses the production, distribution, and sale of devices designed to protect electrical systems and equipment from power surges. These devices are commonly known as surge protectors, surge suppressors, or surge control devices. Power surges are sudden, brief increases in electrical voltage that can occur due to various factors such as lightning strikes, utility grid fluctuations, or the operation of high-power electrical devices. These surges can pose a significant risk to sensitive electronic devices and equipment, potentially causing damage, malfunctions, or complete failure.
Electrical surge control devices are specifically designed to mitigate the impact of power surges by diverting or suppressing the excess voltage. They typically employ various protective components such as metal oxide varistors (MOVs), gas discharge tubes, or silicon avalanche diodes. These components detect the presence of excess voltage and provide a path for it to dissipate harmlessly, thus protecting connected devices. The U.S. Electrical Surge Control Devices Market includes a wide range of products tailored for different applications and power requirements. Surge protectors can be found in various forms, including power strips with built-in surge protection, wall outlets with surge protection capabilities, surge protection modules for installation in electrical panels, and more.
The market is primarily driven by the increasing demand for surge protection solutions as the reliance on electronic devices and equipment grows across various sectors. Residential, commercial, industrial, and healthcare facilities all require effective surge control devices to safeguard their valuable electronics and prevent costly damage. In summary, the U.S. Electrical Surge Control Devices Market encompasses the production, distribution, and sale of devices designed to protect electrical systems and equipment from power surges. It is driven by the increasing demand for surge protection solutions and is characterized by the presence of various established players and ongoing technological advancements.
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U.S. Electrical Surge Control Devices Market Overview
A surge protection device is one of the components of an electrical installation protection system. It is designed to limit the transient overvoltage of atmospheric origin, which diverts the current waves to Earth. It limits the amplitude of this overvoltage to a value that is not hazardous for the electrical installation, switches gear, and control gear. The boom in the electronic industry and the rising adoption of the major electronic devices are considered the major factors to boost the Surge Protection Devices Market. The concept of shielding electronic gadgets from power floods and spikes is called flood insurance.
A force flood or power flood is a critical expansion in voltage Surge protection devices (SPDs) that permit the different hardware to plug into a single electrical plug to limit the danger of harm. The industrial, commercial, residential, and service businesses are sensitive to power quality problems as it directly affects the company’s ability to compete in the economy. Clean power has current and voltage waveforms purely sinusoidal (theoretically). However, measures of the quality of power are determined based on the performance and productivity of end-user equipment. The discussion of power quality is directly proportional to the voltage quality. Most of the power quality concerns in industrial facilities are hidden from normal utility bills and plant information systems.
However, the consequences include plant downtime, production waste, reduced capacity, utility penalties, premature equipment failure, and significant financial impact. A common surge control device is capable of stopping voltage spikes and surges, however, a catastrophic burst of current from lightning is difficult to overcome. The direct lightning current is too big to shield. Most SPDs are capable of providing a good defense against a direct voltage strike or surge but cannot guarantee damage to electronic devices. This showcases the limited operational capability of eh devices and acts as a restraining factor for market growth.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in U.S. Electrical Surge Control Devices Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
U.S. Electrical Surge Control Devices Market: Segmentation Analysis
The U.S. Electrical Surge Control Devices Market is segmented on the basis of Device Type, Type, Discharge Current, End User, and Geography.
U.S. Electrical Surge Control Devices Market, By Device Type
- Type 1
- Type 2
- Type 3
- Type 4
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Based on Device Type, the market is bifurcated into Type 1, Type 2, Type 3, and Type 4. Type 2 accounted for the largest market share of 34.96% in 2021, and is projected to grow at a CAGR of 6.63% during the forecast period. Type 1 was the second-largest market in 2021.
U.S. Electrical Surge Control Devices Market, By Type
- Hard Wired
- Line Cord
- Plug-in
- Power Control Devices
Based on Type, the market is bifurcated into Hard Wired, Line Cord, Plug-in, and Power Control Devices. Hard Wired accounted for the largest market share of 45.02% in 2021 and is projected to grow at a CAGR of 6.18% during the forecast period. Line Cord was the second-largest market in 2021.
U.S. Electrical Surge Control Devices Market, By Discharge Current
- Below 10 kA
- 10 kA–25 kA
- Above 25 kA
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Based on Discharge Current, the market is bifurcated into Below 10 kA, 10 kA–25 kA, and Above 25 kA. Above 25 kA accounted for the largest market share of 50.76% in 2021, with a market value of USD 328.76 Million, and is projected to grow at the highest CAGR of 7.29% during the forecast period. 10 kA–25 kA was the second-largest market in 2021.
U.S. Electrical Surge Control Devices Market, By End User
- Industrial
- Commercial
- Residential
Based on End User, the market is bifurcated into Industrial, Commercial, and Residential. Industrial accounted for the largest market share of 45.50% in 2021 and is projected to grow at a CAGR of 6.72% during the forecast period. Commercial was the second-largest market in 2021.
U.S. Electrical Surge Control Devices Market, By Geography
- West
- North East
- Mid-West
- South East
- South West
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On the basis of Geography, the U.S. Electrical Surge Control Devices Market is classified into West, North East, Mid-West, South East, and South West. West accounted for the largest market share of 24.41% in 2021 and is projected to grow at the highest CAGR of 7.56% during the forecast period. North East was the second-largest market in 2021.
Key Players
The “U.S. Electrical Surge Control Devices Market” study report will provide valuable insight with an emphasis on the U.S. market. The major players in the market are Schneider Electric, LittleFuse, Eaton, ABB, Belkin International, Citel, Mersen, Emerson, GE, Schneider Electric, Hubbell Incorporated, JMV, Koninklijke Philips N.V., Legrand, Maxivolt Corporation, Panamax, RAYCAP CORPORATION, ROCKWELL AUTOMATION, Siemens AG, Tripp Lite, Leviton Manufacturing Company, Inc. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.
Key Developments
- In May 2021, The Surge-Trap Load Centre Series (STLC), a new surge preventive device from Mersen, has been designed for residential use. A crucial layer of surge protection is added to the entire home by Mersen’s Surge-Trap® STLC surge prevention device. This straightforward whole-house remedy is put directly in the electrical panel and is adaptable enough to work with a wide range of various load center brands and types.
- In January 2021, In order to promote the distribution of electrical technologies, Schneider Electric purchases DC Systems B.V.A start-up company established in the Netherlands called DC Systems specializes in active AC/DC microgrids, DC power conversion, and a wide variety of DC solutions. Schneider Electric’s capability to supply robust and sustainable energy infrastructures is strengthened by this purchase.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2019-2030 |
| BASE YEAR | 2022 |
| FORECAST PERIOD | 2023-2030 |
| HISTORICAL PERIOD | 2019-2021 |
| UNIT | Value (USD Million) |
| KEY COMPANIES PROFILED | Schneider Electric, LittleFuse, Eaton, ABB, Belkin International, Citel, Mersen, Emerson, GE, Schneider Electric. |
| SEGMENTS COVERED | By Device Type, By Type, By Discharge Current, By End User, and By Geography. |
| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope. |
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
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Frequently Asked Questions
1.1 MARKET DEFINITION 1.2 MARKET SEGMENTATION 1.3 RESEARCH TIMELINES 1.4 ASSUMPTIONS 1.5 LIMITATIONS
2 RESEARCH METHODOLOGY2.1 DATA MINING 2.2 SECONDARY RESEARCH 2.3 PRIMARY RESEARCH 2.4 SUBJECT MATTER EXPERT ADVICE 2.5 QUALITY CHECK 2.6 FINAL REVIEW 2.7 DATA TRIANGULATION 2.8 BOTTOM-UP APPROACH 2.9 TOP-DOWN APPROACH 2.10 RESEARCH FLOW 2.11 DATA SOURCES
3 EXECUTIVE SUMMARY3.1 U.S ELECTRICAL SURGE CONTROL DEVICES MARKET OVERVIEW 3.2 U.S ELECTRICAL SURGE CONTROL DEVICES ABSOLUTE MARKET OPPORTUNITY 3.3 U.S ELECTRICAL SURGE CONTROL DEVICES MARKET ATTRACTIVENESS BY REGION 3.4 U.S ELECTRICAL SURGE CONTROL DEVICES MARKET ATTRACTIVENESS BY DEVICE TYPE 3.5 U.S ELECTRICAL SURGE CONTROL DEVICES MARKET ATTRACTIVENESS BY TYPE 3.6 U.S ELECTRICAL SURGE CONTROL DEVICES MARKET ATTRACTIVENESS BY DISCHARGE CURRENT 3.7 U.S ELECTRICAL SURGE CONTROL DEVICES MARKET ATTRACTIVENESS BY END USER 3.8 U.S ELECTRICAL SURGE CONTROL DEVICES MARKET, BY DEVICE TYPE (USD MILLION) 3.9 U.S ELECTRICAL SURGE CONTROL DEVICES MARKET, BY TYPE (USD MILLION) 3.10 U.S ELECTRICAL SURGE CONTROL DEVICES MARKET, BY DISCHARGE CURRENT (USD MILLION) 3.11 U.S ELECTRICAL SURGE CONTROL DEVICES MARKET, BY END USER (USD MILLION) 3.12 UNITED STATES MARKET SPLIT
4 MARKET OUTLOOK4.1 U.S ELECTRICAL SURGE CONTROL DEVICES MARKET EVOLUTION
4.2 U.S ELECTRICAL SURGE CONTROL DEVICES MARKET OUTLOOK
4.3 MARKET DRIVERS
4.3.1 GROWING DEMAND FOR PROTECTION SYSTEMS FOR ELECTRONIC DEVICES 4.3.2 INCREASING POWER QUALITY CONCERNS
4.4 MARKET RESTRAINTS
4.4.1 SURGE PROTECTION DEVICES ONLY PROTECT FROM VOLTAGE SPIKES AND SURGES
4.5 OPPORTUNITIES
4.5.1 DEVELOPMENT IN THE ELECTRICAL SURGE CONTROL DEVICES
4.6 IMPACT OF COVID-19 ON THE UNITED STATES ELECTRICAL SURGE CONTROL DEVICES MARKET
4.7 PORTER’S FIVE FORCES ANALYSIS
4.7.1 THREAT OF NEW ENTRANTS 4.7.2 THREAT OF SUBSTITUTES 4.7.3 BARGAINING POWER OF SUPPLIERS 4.7.4 BARGAINING POWER OF BUYERS 4.7.5 INTENSITY OF COMPETITIVE RIVALRY
4.8 MACROECONOMIC ANALYSIS
4.9 VALUE CHAIN ANALYSIS
5 MARKET, BY DEVICE TYPE5.1 OVERVIEW 5.1 TYPE 1 5.2 TYPE 2 5.3 TYPE 3 5.4 OTHERS
6 MARKET, BY TYPE6.1 OVERVIEW 6.2 HARD WIRED 6.3 PLUG-IN 6.4 LINE CORD 6.5 POWER CONTROL DEVICES
7 MARKET, BY DISCHARGE CURRENT7.1 OVERVIEW 7.2 BELOW 10 KA 7.3 KA–25 KA 7.4 ABOVE 25 KA
8 MARKET, BY END USER8.1 OVERVIEW 8.2 INDUSTRIAL 8.3 COMMERCIAL 8.4 RESIDENTIAL
9 MARKET, BY REGION9.1 OVERVIEW 9.1.1 WEST US 9.1.2 NORTH EAST US 9.1.3 MID-WEST US 9.1.4 SOUTH EAST US 9.1.5 SOUTH WEST US
10 COMPETITIVE LANDSCAPE10.1 OVERVIEW 10.2 COMPETITIVE SCENARIO 10.3 COMPANY MARKET RANKING ANALYSIS 10.4 COMPANY INDUSTRY FOOTPRINT
10.5 ACE MATRIX
10.5.1 ACTIVE 10.5.2 CUTTING EDGE 10.5.3 EMERGING 10.5.4 INNOVATORS
11 COMPANY PROFILES11.1 SCHNEIDER ELECTRIC
11.1.1 COMPANY OVERVIEW 11.1.2 COMPANY INSIGHTS 11.1.3 SEGMENT BREAKDOWN 11.1.4 PRODUCT BENCHMARKING 11.1.5 KEY DEVELOPMENTS 11.1.6 SWOT ANALYSIS 11.1.7 WINNING IMPERATIVES 11.1.8 CURRENT FOCUS & STRATEGIES 11.1.9 THREAT FROM COMPETITION
11.2 EATON
11.2.1 COMPANY OVERVIEW 11.2.2 COMPANY INSIGHTS 11.2.3 SEGMENT BREAKDOWN 11.2.4 PRODUCT BENCHMARKING 11.2.5 KEY DEVELOPMENTS 11.2.6 SWOT ANALYSIS 11.2.7 WINNING IMPERATIVES 11.2.8 CURRENT FOCUS & STRATEGIES 11.2.9 THREAT FROM COMPETITION
11.3 LITTLEFUSE
11.3.1 COMPANY OVERVIEW 11.3.2 COMPANY INSIGHTS 11.3.3 SEGMENT BREAKDOWN 11.3.4 PRODUCT BENCHMARKING 11.3.5 KEY DEVELOPMENTS 11.3.6 SWOT ANALYSIS 11.3.7 WINNING IMPERATIVES 11.3.8 CURRENT FOCUS & STRATEGIES 11.3.9 THREAT FROM COMPETITION
11.4 GE
11.4.1 COMPANY OVERVIEW 11.4.2 COMPANY INSIGHTS 11.4.3 SEGMENT BREAKDOWN 11.4.4 PRODUCT BENCHMARKING
11.5 HUBBELL INCORPORATED
11.5.1 COMPANY OVERVIEW 11.5.2 COMPANY INSIGHTS 11.5.3 SEGMENT BREAKDOWN 11.5.4 PRODUCT BENCHMARKING
11.6 KONINKLIJKE PHILIPS N.V.
11.6.1 COMPANY OVERVIEW 11.6.2 COMPANY INSIGHTS 11.6.3 PRODUCT BENCHMARKING
11.7 LEGRAND
11.7.1 COMPANY OVERVIEW 11.7.2 COMPANY INSIGHTS 11.7.3 SEGMENT BREAKDOWN 11.7.4 PRODUCT BENCHMARKING
11.8 MAXIVOLT CORPORATION
11.8.1 COMPANY OVERVIEW 11.8.2 COMPANY INSIGHTS 11.8.3 PRODUCT BENCHMARKING
11.9 LEVITON MANUFACTURING COMPANY, INC.
11.9.1 COMPANY OVERVIEW 11.9.2 COMPANY INSIGHTS 11.9.3 PRODUCT BENCHMARKING 11.9.4 KEY DEVELOPMENTS
11.10 MERSEN
11.10.1 COMPANY OVERVIEW 11.10.2 COMPANY INSIGHTS 11.10.3 SEGMENT BREAKDOWN 11.10.4 PRODUCT BENCHMARKING 11.10.5 KEY DEVELOPMENTS
11.11 PANAMAX
11.11.1 COMPANY OVERVIEW 11.11.2 COMPANY INSIGHTS 11.11.3 PRODUCT BENCHMARKING
11.12 RAYCAP CORPORATION
11.12.1 COMPANY OVERVIEW 11.12.2 COMPANY INSIGHTS 11.12.3 PRODUCT BENCHMARKING 11.12.4 KEY DEVELOPMENTS
11.13 SIEMENS AG
11.13.1 COMPANY OVERVIEW 11.13.2 COMPANY INSIGHTS 11.13.3 SEGMENT BREAKDOWN 11.13.4 PRODUCT BENCHMARKING 11.13.5 KEY DEVELOPMENTS
11.14 ROCKWELL AUTOMATION
11.14.1 COMPANY OVERVIEW 11.14.2 COMPANY INSIGHTS 11.14.3 SEGMENT BREAKDOWN 11.14.4 PRODUCT BENCHMARKING
11.15 ABB
11.15.1 COMPANY OVERVIEW 11.15.2 COMPANY INSIGHTS 11.15.3 SEGMENT BREAKDOWN 11.15.4 PRODUCT BENCHMARKING 11.15.5 KEY DEVELOPMENTS
11.16 BELKIN INTERNATIONAL, INC
11.16.1 COMPANY OVERVIEW 11.16.2 COMPANY INSIGHTS 11.16.3 PRODUCT BENCHMARKING
11.17 CITEL
11.17.1 COMPANY OVERVIEW 11.17.2 COMPANY INSIGHTS 11.17.3 PRODUCT BENCHMARKING
LIST OF TABLESTABLE 1 PROJECTED REAL GDP GROWTH (ANNUAL PERCENTAGE CHANGE) OF KEY COUNTRIES TABLE 2 U.S ELECTRICAL SURGE CONTROL DEVICES MARKET, BY DEVICE TYPE, 2022-2030 (USD MILLION) TABLE 3 U.S ELECTRICAL SURGE CONTROL DEVICES MARKET, BY TYPE, 2022-2030 (USD MILLION) TABLE 4 U.S ELECTRICAL SURGE CONTROL DEVICES MARKET, BY DISCHARGE CURRENT, 2022-2030 (USD MILLION) TABLE 5 U.S ELECTRICAL SURGE CONTROL DEVICES MARKET, BY END USER, 2022-2030 (USD MILLION) TABLE 6 U.S. ELECTRICAL SURGE CONTROL DEVICES MARKET, BY GEOGRAPHY, 2022-2030 (USD MILLION) TABLE 7 WEST U.S. U.S. ELECTRICAL SURGE CONTROL DEVICES MARKET, BY DEVICE TYPE, 2022-2030 (USD MILLION) TABLE 8 WEST U.S. U.S. ELECTRICAL SURGE CONTROL DEVICES MARKET, BY TYPE, 2022-2030 (USD MILLION) TABLE 9 WEST U.S. U.S. ELECTRICAL SURGE CONTROL DEVICES MARKET, BY DISCHARGE CURRENT, 2022-2030 (USD MILLION) TABLE 10 WEST U.S. U.S. ELECTRICAL SURGE CONTROL DEVICES MARKET, BY END USER, 2022-2030 (USD MILLION) TABLE 11 NORTH EAST U.S. ELECTRICAL SURGE CONTROL DEVICES MARKET, BY DEVICE TYPE, 2022-2030 (USD MILLION) TABLE 12 NORTH EAST U.S. ELECTRICAL SURGE CONTROL DEVICES MARKET, BY TYPE, 2022-2030 (USD MILLION) TABLE 13 NORTH EAST U.S. ELECTRICAL SURGE CONTROL DEVICES MARKET, BY DISCHARGE CURRENT, 2022-2030 (USD MILLION) TABLE 14 NORTH EAST U.S. ELECTRICAL SURGE CONTROL DEVICES MARKET, BY END USER, 2022-2030 (USD MILLION) TABLE 15 MID-WEST U.S. ELECTRICAL SURGE CONTROL DEVICES MARKET, BY DEVICE TYPE, 2022-2030 (USD MILLION) TABLE 16 MID-WEST U.S. ELECTRICAL SURGE CONTROL DEVICES MARKET, BY TYPE, 2022-2030 (USD MILLION) TABLE 17 MID-WEST U.S. ELECTRICAL SURGE CONTROL DEVICES MARKET, BY DISCHARGE CURRENT, 2022-2030 (USD MILLION) TABLE 18 MID-WEST U.S. ELECTRICAL SURGE CONTROL DEVICES MARKET, BY END USER, 2022-2030 (USD MILLION) TABLE 19 SOUTH EAST U.S. ELECTRICAL SURGE CONTROL DEVICES MARKET, BY DEVICE TYPE, 2022-2030 (USD MILLION) TABLE 20 SOUTH EAST U.S. ELECTRICAL SURGE CONTROL DEVICES MARKET, BY TYPE, 2022-2030 (USD MILLION) TABLE 21 SOUTH EAST U.S. ELECTRICAL SURGE CONTROL DEVICES MARKET, BY DISCHARGE CURRENT, 2022-2030 (USD MILLION) TABLE 22 SOUTH EAST U.S. ELECTRICAL SURGE CONTROL DEVICES MARKET, BY END USER, 2022-2030 (USD MILLION) TABLE 23 SOUTH WEST U.S. ELECTRICAL SURGE CONTROL DEVICES MARKET, BY DEVICE TYPE, 2022-2030 (USD MILLION) TABLE 24 SOUTH WEST U.S. ELECTRICAL SURGE CONTROL DEVICES MARKET, BY TYPE, 2022-2030 (USD MILLION) TABLE 25 SOUTH WEST U.S. ELECTRICAL SURGE CONTROL DEVICES MARKET, BY DISCHARGE CURRENT, 2022-2030 (USD MILLION) TABLE 26 SOUTH WEST U.S. ELECTRICAL SURGE CONTROL DEVICES MARKET, BY END USER, 2022-2030 (USD MILLION) TABLE 27 COMPANY MARKET RANKING ANALYSIS TABLE 28 COMPANY INDUSTRY FOOTPRINT TABLE 29 SCHNEIDER ELECTRIC: PRODUCT BENCHMARKING TABLE 30 SCHNEIDER ELECTRIC: KEY DEVELOPMENTS TABLE 31 SCHNEIDER ELECTRIC: WINNING IMPERATIVES TABLE 32 EATON: PRODUCT BENCHMARKING TABLE 33 EATON: KEY DEVELOPMENTS TABLE 34 EATON: WINNING IMPERATIVES TABLE 35 LITTLEFUSE: PRODUCT BENCHMARKING TABLE 36 LITTLEFUSE: KEY DEVELOPMENTS TABLE 37 LITTLEFUSE: WINNING IMPERATIVES TABLE 38 HONEYWELL INTERNATIONAL: PRODUCT BENCHMARKING TABLE 39 HUBBELL INCORPORATED: PRODUCT BENCHMARKING TABLE 40 KONINKLIJKE PHILIPS N.V.: PRODUCT BENCHMARKING TABLE 41 LEGRAND: PRODUCT BENCHMARKING TABLE 42 MAXIVOLT CORPORATION: PRODUCT BENCHMARKING TABLE 43 MAXIVOLT CORPORATION: KEY DEVELOPMENTS TABLE 44 LEVITON MANUFACTURING COMPANY, INC., PRODUCT BENCHMARKING TABLE 45 LEVITON MANUFACTURING COMPANY, INC.: KEY DEVELOPMENTS TABLE 46 MERSEN: PRODUCT BENCHMARKING TABLE 47 MERSEN: KEY DEVELOPMENTS TABLE 48 PANAMAX: PRODUCT BENCHMARKING TABLE 49 RAYCAP CORPORATION: PRODUCT BENCHMARKING TABLE 50 RAYCAP CORPORATION: KEY DEVELOPMENTS TABLE 51 SIEMENS AG: PRODUCT BENCHMARKING TABLE 52 SIEMENS AG: KEY DEVELOPMENTS TABLE 53 ROCKWELLROCKWELL AUTOMATION: PRODUCT BENCHMARKING TABLE 54 ABB: PRODUCT BENCHMARKING TABLE 55 ABB: KEY DEVELOPMENTS TABLE 56 BELKIN INTERNATIONAL, INC: PRODUCT BENCHMARKING TABLE 57 CITEL: PRODUCT BENCHMARKING TABLE 58 GENERAL ELECTRIC (GE): PRODUCT BENCHMARKING TABLE 59 EMERSON ELECTRIC CO: PRODUCT BENCHMARKING
LIST OF FIGURESFIGURE 1 U.S ELECTRICAL SURGE CONTROL DEVICES MARKET SEGMENTATION FIGURE 2 RESEARCH TIMELINES FIGURE 3 DATA TRIANGULATION FIGURE 4 MARKET RESEARCH FLOW FIGURE 5 DATA SOURCES FIGURE 6 U.S ELECTRICAL SURGE CONTROL DEVICES MARKET, BY DEVICE TYPE (USD MILLION) FIGURE 7 U.S ELECTRICAL SURGE CONTROL DEVICES MARKET, BY TYPE (USD MILLION) FIGURE 8 U.S ELECTRICAL SURGE CONTROL DEVICES MARKET, BY DISCHARGE CURRENT (USD MILLION) FIGURE 9 U.S ELECTRICAL SURGE CONTROL DEVICES MARKET, BY END USER (USD MILLION) FIGURE 10 FUTURE MARKET OPPORTUNITIES FIGURE 11 WEST US HAVE DOMINATED THE MARKET IN 2021 FIGURE 12 U.S ELECTRICAL SURGE CONTROL DEVICES MARKET OUTLOOK FIGURE 13 AVERAGE NO. OF CONNECTED DEVICES IN THE UNITED STATES RESIDENTS IN 2020 FIGURE 14 PORTER’S FIVE FORCES ANALYSIS FIGURE 15 VALUE CHAIN ANALYSIS FIGURE 16 U.S ELECTRICAL SURGE CONTROL DEVICES MARKET, BY DEVICE TYPE FIGURE 17 U.S ELECTRICAL SURGE CONTROL DEVICES MARKET, BY TYPE FIGURE 18 U.S ELECTRICAL SURGE CONTROL DEVICES MARKET, BY DISCHARGE CURRENT FIGURE 19 U.S ELECTRICAL SURGE CONTROL DEVICES MARKET, BY END USER FIGURE 20 U.S. ELECTRICAL SURGE CONTROL DEVICES MARKET, BY GEOGRAPHY, 2022-2030 (USD MILLION) FIGURE 21 WEST US MARKET SNAPSHOT FIGURE 22 NORTH EAST US MARKET SNAPSHOT FIGURE 23 MID-WEST US MARKET SNAPSHOT FIGURE 24 SOUTH EAST US MARKET SNAPSHOT FIGURE 25 SOUTH WEST US MARKET SNAPSHOT FIGURE 26 KEY STRATEGIC DEVELOPMENTS FIGURE 27 ACE MATRIC FIGURE 28 SCHNEIDER ELECTRIC: COMPANY INSIGHT FIGURE 29 SCHNEIDER ELECTRIC: BREAKDOWN FIGURE 30 SCHNEIDER ELECTRIC: SWOT ANALYSIS FIGURE 31 EATON.: COMPANY INSIGHT FIGURE 32 EATON: BREAKDOWN FIGURE 33 EATON: SWOT ANALYSIS FIGURE 34 LITTLEFUSE: COMPANY INSIGHT FIGURE 35 LITTLEFUSE: BREAKDOWN FIGURE 36 LITTLEFUSE: SWOT ANALYSIS FIGURE 37 HONEYWELL INTERNATIONAL: COMPANY INSIGHT FIGURE 38 HONEYWELL INTERNATIONAL: BREAKDOWN FIGURE 39 HUBBELL INCORPORATED: COMPANY INSIGHT FIGURE 40 HUBBELL INCORPORATED: BREAKDOWN FIGURE 41 KONINKLIJKE PHILIPS N.V.: COMPANY INSIGHT FIGURE 42 LEGRAND: COMPANY INSIGHT FIGURE 43 LEGRAND: BREAKDOWN FIGURE 44 MAXIVOLT CORPORATION: COMPANY INSIGHT FIGURE 45 LEVITON MANUFACTURING COMPANY, INC., COMPANY INSIGHT FIGURE 46 MERSEN: COMPANY INSIGHT FIGURE 47 MERSEN: BREAKDOWN FIGURE 48 PANAMAX: COMPANY INSIGHT FIGURE 49 RAYCAP CORPORATION: COMPANY INSIGHT FIGURE 50 SIEMENS AG: COMPANY INSIGHT FIGURE 51 SIEMENS AG: BREAKDOWN FIGURE 52 ROCKWELL AUTOMATION: COMPANY INSIGHT FIGURE 53 ROCKWELL AUTOMATION: BREAKDOWN FIGURE 54 ABB: COMPANY INSIGHT FIGURE 55 ABB: BREAKDOWN FIGURE 56 BELKIN INTERNATIONAL, INC: COMPANY INSIGHT FIGURE 57 CITEL: COMPANY INSIGHT FIGURE 58 GENERAL ELECTRIC (GE): COMPANY INSIGHT FIGURE 59 GENERAL ELECTRIC (GE) : BREAKDOWN FIGURE 60 EMERSON ELECTRIC CO: COMPANY INSIGHT FIGURE 61 EMERSON ELECTRIC CO: BREAKDOWN
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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