North America Surge Protector Market Size, Share & Industry Trends Analysis Report By Type (Type 1, Type 2, and Type 3), By Voltage (High, Medium and Low), By Sales Channel, By Application, By Country and Growth Forecast, 2021 - 2027
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Market Report Description
The North America Surge Protector Market would witness market growth of 5.3% CAGR during the forecast period (2021-2027).
Surge voltages of various forms can be found in electrical facilities and electronic devices. They differ mostly in terms of time and power. A surge voltage might last a few hundred microseconds, hours, or even days, based on the reason. The amplitude can vary within range of few millivolts and tens of thousands of volts. Surge voltages are caused by the direct or indirect repercussions of lightning strikes.
High surge currents with amplitude and frequency of up to 10 thousand amperes may happen here throughout the surge voltage. In this situation, the ramifications are very dire. This is due to the fact that the destructive impact is first and foremost determined by the strength of the corresponding surge voltage pulse. Depending on the origin, like lightning strikes, switching activities, or electrostatic discharges, the average length and magnitude of the surge voltage varies.
While working on or near exposed energized parts, adequate protection in the form of insulated tools, insulated protective equipment, arc-rated (AR) apparel, or other personal protective equipment (PPE) must be used as needed; other work, self-reliant of voltage, that poses a significant shock, or arc blast hazard to employees must be analyzed and appropriate controls provided. As a result, the regional market is expected to increase as a result of this aspect.
The US market dominated the North America Surge Protector Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,342.2 million by 2027. The Canada market is expected to witness a CAGR of 7.7% during (2021 - 2027). Additionally, The Mexico market would showcase a CAGR of 6.7% during (2021 - 2027).
Based on Type, the market is segmented into Type 1, Type 2, and Type 3. Based on Voltage, the market is segmented into High, Medium and Low. Based on Sales Channel, the market is segmented into Offline and Online. Based on Application, the market is segmented into Industrial, Commercial and Residential. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Surge Protector Market is Estimated to reach $5 Billion by 2027, at a CAGR of 5.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Havells India Ltd., ABB Group, Honeywell International, Inc., Schneider Electric SE, Eaton Corporation PLC, Vertiv Holdings Co., General Electric (GE) Co., Siemens AG, Johnson Controls International PLC, and Legrand S.A.
Scope of the Study
Market Segments Covered in the Report:
- Type 1
- Type 2
- Type 3
- Medium and
By Sales Channel
- Offline and
- Commercial and
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Havells India Ltd.
- ABB Group
- Honeywell International, Inc.
- Schneider Electric SE
- Eaton Corporation PLC
- Vertiv Holdings Co.
- General Electric (GE) Co.
- Siemens AG
- Johnson Controls International PLC
- Legrand S.A.
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