About LED Protection Devices
LED Protection Devices are a type of Surge Protection Device (SPD), used in light-Emitting Diode (LED) which is a semiconductor light source that transmits light using electric current. An SPD is a device designed to protect against hazardous and potentially dangerous short-term high-voltage transients triggered by equipment outside or inside the premise. LED protectors primarily protect the circuit system by tracking the supply received and alerting the user if there are any changes in the supply behavior. LED protectors effectively manage the voltage ranges and ensure that electrical equipment is not damaged. Increasing implementation of LEDs by replacing traditional light bulbs has derived market growth potential for LED protection devices.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States, German and Swiss Players will contribute the maximum growth to Global LED Protection Devices market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Eaton Corporation Plc. (Ireland), ABB Ltd. (Switzerland), STMicroelectronics (Switzerland), Emerson Electric Company (United States), Littelfuse (United States), Bourns Inc. (United States), Infineon (Germany), Siemens AG (Germany), ON Semiconductor (United States) and Schneider Electric SE (France) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global LED Protection Devices market by Type (Shunt Protection Devices, Surge Protective Devices, Bypass Protection Devices and Other), Application (Electronics, Power Industry, Communcations and Other) and Region.
On the basis of geography, the market of LED Protection Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Category, the sub-segment i.e. Hard-Wired will boost the LED Protection Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Residential will boost the LED Protection Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Heavy Modernization across various Sectors
Market Growth Drivers:
Rising Number of Electrical Crashes, Rising Cases of Fire Accidents and Growing Demand for Electricity
Challenges:
Compatibility concerns and Low Durability Associated to LED Protectors
Restraints:
Surge Protection Devices Only Protect from Voltage Spikes and Surges Voltage Limitation
Opportunities:
Demand for Replacement of Traditional Circuit Breakers and Implementation of Electronic Device Protection Laws Across Emerging Economies
Market Leaders and their expansionary development strategies
In July, 2023, Atlas Copco has introduced a new ultra-quiet, diesel-driven, LED light tower for use in urban and residential areas. Delivering operating noise levels as low as 55 dBA, the renewed version of the HiLight B5+ light tower is ideally suited to provide illumination at events, temporary public lighting or enhanced visibility at construction sites located near residential areas.
United Kingdom; Wiring Regulations 18th edition (BS 7671:2018) – Provides a List of Regulations that are Applicable to Design, Erection and Verification of Electrical installations along with new additions or Removals of Installations and United States; National Electrical Code – Lays Framework for Installation and Removal of Electrical Devices & Wires across United States. Under the Code it if Mandatory for every Household in United States to have AFCI Installed
Key Target Audience
Surge Protector Manufactures, New Entrants and Investors, Surge Protector Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.