Product Code: ETC4525585 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India surge protection devices market import shipments demonstrated strong growth with a CAGR of 20.7% from 2020 to 2024. The growth rate between 2023 and 2024 accelerated by 11.9%, indicating a significant upward momentum and expansion in the market during this period.
The India Surge Protection Devices market is experiencing growth driven by the need to safeguard sensitive electrical and electronic equipment from voltage surges and transient overvoltages. Surge protection devices play a crucial role in preventing damage to equipment and ensuring uninterrupted operation. With the increasing reliance on electronics and automation, the demand for surge protection devices is on the rise. Government initiatives to promote the use of electronic equipment and the need for reliable power quality are further propelling the adoption of surge protection devices. The market comprises both domestic and international manufacturers offering a range of surge protection solutions to meet the specific requirements of the India market.
With the increasing reliance on electronic devices and sensitive equipment, the demand for surge protection devices is growing. These devices are essential for safeguarding equipment from voltage surges, making them crucial for various sectors, including residential, commercial, and industrial.
The surge protection devices market in India confronts challenges related to the growing prevalence of electrical surges and transients. Developing surge protection devices that can effectively safeguard sensitive electronic equipment is essential. Educating consumers and businesses about the importance of surge protection in a country with variable power quality is a significant challenge.
The surge protection devices market in India faced both challenges and opportunities during the COVID-19 pandemic. With the increasing reliance on electronic devices for remote work and online education, the need for surge protection became evident. However, supply chain disruptions and economic uncertainties affected the market`s growth. As businesses and households invest in safeguarding their electronic equipment, the market is expected to recover and witness sustained growth, driven by the importance of protecting sensitive electronics from power surges.
Major players in the India Surge Protection Devices market include Schneider Electric, Eaton Corporation, ABB Ltd, Siemens AG, and Littelfuse. These companies offer devices to protect electrical systems from voltage surges and transients.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Surge Protection Devices Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Surge Protection Devices Market Revenues & Volume, 2021 & 2031F |
3.3 India Surge Protection Devices Market - Industry Life Cycle |
3.4 India Surge Protection Devices Market - Porter's Five Forces |
3.5 India Surge Protection Devices Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Surge Protection Devices Market Revenues & Volume Share, By Discharge Current, 2021 & 2031F |
3.7 India Surge Protection Devices Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 India Surge Protection Devices Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electronic devices and appliances in India |
4.2.2 Growing awareness about the importance of surge protection in safeguarding electronic equipment |
4.2.3 Rise in industrialization and infrastructure development leading to higher adoption of surge protection devices |
4.3 Market Restraints |
4.3.1 Lack of standardization and regulations in the surge protection devices market in India |
4.3.2 Price sensitivity among consumers hindering widespread adoption of surge protection devices |
4.3.3 Limited awareness and education about surge protection devices among residential and commercial users |
5 India Surge Protection Devices Market Trends |
6 India Surge Protection Devices Market, By Types |
6.1 India Surge Protection Devices Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Surge Protection Devices Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Surge Protection Devices Market Revenues & Volume, By Hard-Wired, 2021-2031F |
6.1.4 India Surge Protection Devices Market Revenues & Volume, By Plug-In, 2021-2031F |
6.1.5 India Surge Protection Devices Market Revenues & Volume, By Line Cord, 2021-2031F |
6.2 India Surge Protection Devices Market, By Discharge Current |
6.2.1 Overview and Analysis |
6.2.2 India Surge Protection Devices Market Revenues & Volume, By Below 10 kA, 2021-2031F |
6.2.3 India Surge Protection Devices Market Revenues & Volume, By 10 kA??25 kA, 2021-2031F |
6.2.4 India Surge Protection Devices Market Revenues & Volume, By above 25 kA, 2021-2031F |
6.3 India Surge Protection Devices Market, By End-User |
6.3.1 Overview and Analysis |
6.3.2 India Surge Protection Devices Market Revenues & Volume, By Industrial, 2021-2031F |
6.3.3 India Surge Protection Devices Market Revenues & Volume, By Commercial, 2021-2031F |
6.3.4 India Surge Protection Devices Market Revenues & Volume, By Residential, 2021-2031F |
7 India Surge Protection Devices Market Import-Export Trade Statistics |
7.1 India Surge Protection Devices Market Export to Major Countries |
7.2 India Surge Protection Devices Market Imports from Major Countries |
8 India Surge Protection Devices Market Key Performance Indicators |
8.1 Number of reported electrical incidents or power surges in India |
8.2 Adoption rate of surge protection devices in key industries such as IT, manufacturing, and healthcare |
8.3 Number of training programs or workshops conducted to educate consumers about surge protection and its benefits |
8.4 Growth in the number of certified surge protection device manufacturers in India |
8.5 Percentage increase in insurance claims related to electrical damages despite surge protection devices |
9 India Surge Protection Devices Market - Opportunity Assessment |
9.1 India Surge Protection Devices Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Surge Protection Devices Market Opportunity Assessment, By Discharge Current, 2021 & 2031F |
9.3 India Surge Protection Devices Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 India Surge Protection Devices Market - Competitive Landscape |
10.1 India Surge Protection Devices Market Revenue Share, By Companies, 2024 |
10.2 India Surge Protection Devices Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |