Commercial Surge Protection Devices Market Regional Analysis:
Asia Pacific Market Analysis
Asia Pacific industry is poised to account for largest revenue share of 26.3% by 2035. The market will expand as a result of extensive infrastructure development in tandem with the growing use of cutting-edge technology and the spread of delicate electronic equipment. The increasing demand for advanced surge protection in the region is partly a result of the expanding trend of smart buildings and the incorporation of renewable energy sources. For instance, in October 2019, Kasa Smart from TPLink, integrated with SmartThings, a pioneer in automation and straightforward production techniques for smart homes. Many of Kasa's most well-known smart home appliances are now certified under the Works with SmartThings program and are completely interoperable with SmartThings.
China's growing disposable income is also enabling people to purchase high-end consumer goods like refrigerators, washing machines, and LED TVs, among other things. The regional market is anticipated to increase during the forecast period due to the high customer emphasis on protecting these consumer gadgets.
The demand for commercial surge protection devices in the residential, commercial, and industrial sectors in India is being driven by rising tourism, smart city projects, and building activities. The emphasis on smart manufacturing techniques is a major trend affecting the industry under study. The Government of India set the ambitious goal of raising the manufacturing production contribution to 25% of GDP by 2025 according to IBEF data.
North America Market Analysis
North America commercial surge protection devices market is expected to experience a stable CAGR during the forecast period owing to the high rate of adoption of cutting-edge technology, stringent government laws about electrical safety, and the existence of major market participants. For instance, in April 2024, the Competitive Carriers Association, the leading organization for competitive wireless providers in the US, hosted CCA 2024, where Raycap, a global leader in infrastructure and power protection solutions for the telecom industry, showcased its array of surge protection and cabinet solutions.
The commercial surge protection devices market in the U.S. is expanding steadily due to the growing reliance on sophisticated electronic systems in a variety of industries. The need for these units is further highlighted by the deteriorating power infrastructure and the regularity of weather-related power outages.
The necessity to safeguard delicate electrical systems and equipment against voltage fluctuations has grown in Canada as a result of the country's rapid industrialization and automation technology adoption. Commercial surge protection devices are widely used in industries like manufacturing, chemicals, power, and oil and gas to reduce operational hazards and downtime brought on by surges. For example, to guarantee the efficient operation of motors, pumps, generators, and other vital equipment, oil rigs, refineries, and pipelines depend on hardwired and power control center surge protectors.
