Market Share of Transient Protection Device Industry
The Transient Protection Device market is highly fragmented, as the market is highly competitive and consists of several major players. The competitive rivalry in the market depends on the company's aggressive strategies in new product development, capacity expansion, mergers and acquisitions, strategic collaborations, partnerships, and agreements, as well as investment in R&D activities.
- May 2022 - Legrand a manufacturer of transient protection devices opened its first retail shop in India, the Legrand Studio in Hyderabad. This mega retail store would house all of Legrand's India group company's products with the goal of strengthening Legrand's footprints in the country. In addition, Legrand has over 30 interactive product showrooms in India, including Innova, Studio, and Shop-in-Shop formats.
- March 2022 - ELAC, a well-known high-performance speaker manufacturer announced its plans to enter the equipment protection product area with the Protek line of transient protectors. ELAC set out to create a line of equipment protection devices with more modern features and greater performance levels. App control, Wi-Fi, Bluetooth, and Alexa / Google Assistant compatibility set it apart from much of the competition in the market.
Transient Protection Device Market Leaders
Eaton Corporation
ABB Ltd.
General Electric Company
Schneider Electric SE
Legrand S.A.
*Disclaimer: Major Players sorted in no particular order
