North America Dominating the Power Surge Protection Device Market

Date: 2015-09-03

“The power surge protection device market has been growing quickly in recent years. It is a cost-effective solution to prevent downtime and equipment damage. Growing demand for electronic equipment, high cost due to equipment downtime and data losses, rise in alternative energy programs, hassle free installation, and lower maintenance cost are expected to drive the power surge protection device market. Emerging economies such as China, Brazil, India, the U.K., Germany, Norway, and others offer promising opportunities for the surge protection device market.

North America dominating the power surge protection device market
North America held the largest share in 2013, at around 31% by value. In North America, the U.S. is the largest market and is expected to continue its dominance in the power surge protection device industry. North America is currently focusing on upgrading and replacing aging infrastructure, improving grid reliability and enabling smarter power networks. In the majority of the homes in the U.S., power surge protection devices have progressed without fire incident and utilities say that the power surge protection devices are helping them provide better service to customers. Some of the major utilities which are focusing on power surge protection devices include, AEP, PG&E, Southern California Edison, Southern Company, Florida Power & Light and Oncor. Increasing power quality issues in U.S. also enhance the demand for power surge protection devices. The total power outages and power quality disturbances cost in the U.S. is between $80 billion and $188 billion per year.

Leading players of this industry have been profiled with their recent developments and other strategic activities. These include ABB Limited (Switzerland), Eaton Corporation (Ireland), Emerson Electric Corporation (U.S.), Siemens AG (Germany), Schneider Electric SA (France) and Belkin International (U.S.), Advanced Protection Technologies (U.S.), Crompton Greaves (India), General Electric (U.S.), Leviton Manufacturing (U.S.), Littlefuse (U.S.) , and Tripplite (U.S.).”

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