The global market for Surge Protection Devices (SPDs) is estimated at US$5.3 Billion in 2023 and is projected to reach US$7.9 Billion by 2030, growing at a CAGR of 5.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the SPD market is driven by several factors. Technological advancements in SPD design and materials enhance protection and reliability, meeting the increasing demand for robust surge protection solutions. The rising prevalence of voltage spikes and transient surges due to increasing use of electronic devices and complex electrical systems fuels the need for effective SPDs. The expansion of industries such as telecommunications, healthcare, and manufacturing drives the demand for reliable surge protection to safeguard critical infrastructure and sensitive equipment.
Regulatory requirements and safety standards further propel the adoption of advanced SPDs. Additionally, the growing emphasis on protecting electronic devices and infrastructure from power surges aligns with the development and deployment of innovative SPDs. These factors collectively drive the dynamic and rapidly evolving surge protection devices market.
The growth in the SPD market is driven by several factors. Technological advancements in SPD design and materials enhance protection and reliability, meeting the increasing demand for robust surge protection solutions. The rising prevalence of voltage spikes and transient surges due to increasing use of electronic devices and complex electrical systems fuels the need for effective SPDs. The expansion of industries such as telecommunications, healthcare, and manufacturing drives the demand for reliable surge protection to safeguard critical infrastructure and sensitive equipment.
Regulatory requirements and safety standards further propel the adoption of advanced SPDs. Additionally, the growing emphasis on protecting electronic devices and infrastructure from power surges aligns with the development and deployment of innovative SPDs. These factors collectively drive the dynamic and rapidly evolving surge protection devices market.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Plug-In SPDs segment, which is expected to reach US$1.2 Billion by 2030 with a CAGR of a 10.5%. The Hard-Wired SPDs segment is also set to grow at 5.2% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $1.4 Billion in 2023, and China, forecasted to grow at an impressive 10.2% CAGR to reach $1.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Surge Protection Devices (SPDs) Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Surge Protection Devices (SPDs) Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Surge Protection Devices (SPDs) Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ABB, Advanced Protection Technologies Inc., Belkin international Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 114 Featured):
- ABB
- Advanced Protection Technologies Inc.
- Belkin international Inc.
- Bourns Inc.
- DEHN + SOHNE GmbH + Co. KG
- Eaton Corporation PLC
- Emerson Electric Co.
- General Electric Company
- Hubbell Inc.
- Legrand
- Leviton Manufacturing Co., Inc.
- Mersen
- Novaris Pty Ltd.
- OBO BETTERMANN GmbH & Co. KG
- Phoenix Contact GmbH & Co. KG
- REV Ritter GmbH
- Schneider Electric
- Thomas & Betts Power Solutions LLC
- Tripp Lite
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- ABB
- Advanced Protection Technologies Inc.
- Belkin international Inc.
- Bourns Inc.
- DEHN + SOHNE GmbH + Co. KG
- Eaton Corporation PLC
- Emerson Electric Co.
- General Electric Company
- Hubbell Inc.
- Legrand
- Leviton Manufacturing Co., Inc.
- Mersen
- Novaris Pty Ltd.
- OBO BETTERMANN GmbH & Co. KG
- Phoenix Contact GmbH & Co. KG
- REV Ritter GmbH
- Schneider Electric
- Thomas & Betts Power Solutions LLC
- Tripp Lite
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 309 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 5.3 Billion |
| Forecasted Market Value ( USD | $ 7.9 Billion |
| Compound Annual Growth Rate | 5.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 19 |
