Global Surge Protection Devices (SPDs) Market Growth 2023-2029

Global Surge Protection Devices (SPDs) Market Growth 2023-2029

A surge protective device (SPD) is a protective device for limiting transient voltages by diverting or limiting surge current and is capable of repeating these functions as specified. Surge Protective Devices are designed to protect against transient surge conditions. Large single surge events, such as lightning, can reach hundreds of thousands of volts and can cause immediate or intermittent equipment failure. However, lightning and utility power anomalies only account for 20% of transient surges. The remaining 80% of surge activity is produced internally. Although these surges may be smaller in magnitude, they occur more frequently and with continuous exposure can degrade sensitive electronic equipment within the facility.
LPI (LP Information)' newest research report, the “Surge Protection Devices (SPDs) Industry Forecast” looks at past sales and reviews total world Surge Protection Devices (SPDs) sales in 2022, providing a comprehensive analysis by region and market sector of projected Surge Protection Devices (SPDs) sales for 2023 through 2029. With Surge Protection Devices (SPDs) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Surge Protection Devices (SPDs) industry.
This Insight Report provides a comprehensive analysis of the global Surge Protection Devices (SPDs) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Surge Protection Devices (SPDs) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Surge Protection Devices (SPDs) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Surge Protection Devices (SPDs) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Surge Protection Devices (SPDs).
The global Surge Protection Devices (SPDs) market size is projected to grow from US$ 2261.6 million in 2022 to US$ 2527 million in 2029; it is expected to grow at a CAGR of 2527 from 2023 to 2029.
Global key players of surge protection devices (SPDs) include Phoenix, ABB, Emerson, DEHN SE, Eaton, etc. The top five players hold a share about 27%. Europe is the largest producer, has a share about 29%, followed by China and North America, with share 27% and 23%, respectively. The largest market is Asia Pacific, with a share about 58%, followed by Europe and North America, with share 21% and 14%, separately.
This report presents a comprehensive overview, market shares, and growth opportunities of Surge Protection Devices (SPDs) market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Power Type SPD
Signal Type SPD
Others
Segmentation by application
Communication
Construction
Electric Power
Transportation
Oil and Gas
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Phoenix
ABB
Emerson
DEHN SE
Eaton
Siemens
ZG
Citel
Obo Bettermann
Schneider
Weidmüller
Littelfuse
Mersen Electrical
NVent
Philips
LEIAN
HPXIN
MVC-Maxivolt
ASP
Legrand
JMV
Rainbowally
SETsafe
cpower
MCG Surge Protection
Leviton
KEANDA

Key Questions Addressed in this Report
What is the 10-year outlook for the global Surge Protection Devices (SPDs) market?
What factors are driving Surge Protection Devices (SPDs) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Surge Protection Devices (SPDs) market opportunities vary by end market size?
How does Surge Protection Devices (SPDs) break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.