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.

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.

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 MarketSegmentation 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

To Get Summarized Market Report By Device Type-

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

To Get Summarized Market Report By Discharge Current-

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