India Surge Protection Devices Market (2025-2031) Outlook | Industry, Companies, Forecast, Share, Value, Size, Trends, Growth, Revenue & Analysis

Market Forecast By Type (Hard-Wired, Plug-In, Line Cord), By Discharge Current (Below 10 kA, 10 kA“25 kA, above 25 kA), By End-User (Industrial, Commercial, Residential) And Competitive Landscape
Product Code: ETC4525585 Publication Date: Jul 2023 Product Type: Report
Publisher: 6Wresearch No. of Pages: 85 No. of Figures: 45 No. of Tables: 25

India Surge Protection Devices Market Import Shipment Trend (2020-2024)

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.

Graph Showing India surge protection devices market Shipment Trend & Volume from 2020-2024

India Surge Protection Devices Market Overview

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.

Drivers of the 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.

Challenges of the Market

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.

COVID-19 Impact on the Market

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.

Key Players in the Market

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.

Key Highlights of the Report:

  • India Surge Protection Devices Market Outlook
  • Market Size of India Surge Protection Devices Market, 2024
  • Forecast of India Surge Protection Devices Market, 2031
  • Historical Data and Forecast of India Surge Protection Devices Revenues & Volume for the Period 2021-2031
  • India Surge Protection Devices Market Trend Evolution
  • India Surge Protection Devices Market Drivers and Challenges
  • India Surge Protection Devices Price Trends
  • India Surge Protection Devices Porter's Five Forces
  • India Surge Protection Devices Industry Life Cycle
  • Historical Data and Forecast of India Surge Protection Devices Market Revenues & Volume By Type for the Period 2021-2031
  • Historical Data and Forecast of India Surge Protection Devices Market Revenues & Volume By Hard-Wired for the Period 2021-2031
  • Historical Data and Forecast of India Surge Protection Devices Market Revenues & Volume By Plug-In for the Period 2021-2031
  • Historical Data and Forecast of India Surge Protection Devices Market Revenues & Volume By Line Cord for the Period 2021-2031
  • Historical Data and Forecast of India Surge Protection Devices Market Revenues & Volume By Discharge Current for the Period 2021-2031
  • Historical Data and Forecast of India Surge Protection Devices Market Revenues & Volume By Below 10 kA for the Period 2021-2031
  • Historical Data and Forecast of India Surge Protection Devices Market Revenues & Volume By 10 kA??25 kA for the Period 2021-2031
  • Historical Data and Forecast of India Surge Protection Devices Market Revenues & Volume By above 25 kA for the Period 2021-2031
  • Historical Data and Forecast of India Surge Protection Devices Market Revenues & Volume By End-User for the Period 2021-2031
  • Historical Data and Forecast of India Surge Protection Devices Market Revenues & Volume By Industrial for the Period 2021-2031
  • Historical Data and Forecast of India Surge Protection Devices Market Revenues & Volume By Commercial for the Period 2021-2031
  • Historical Data and Forecast of India Surge Protection Devices Market Revenues & Volume By Residential for the Period 2021-2031
  • India Surge Protection Devices Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Discharge Current
  • Market Opportunity Assessment By End-User
  • India Surge Protection Devices Top Companies Market Share
  • India Surge Protection Devices Competitive Benchmarking By Technical and Operational Parameters
  • India Surge Protection Devices Company Profiles
  • India Surge Protection Devices Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the India Surge Protection Devices Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the India Surge Protection Devices Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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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

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