Surge Protectors for Public Building Market was valued at USD 3.1 Billion in 2022 and is projected to reach USD 5.2 Billion by 2030, growing at a CAGR of 7.2% from 2024 to 2030.
The global surge protectors for public buildings market was valued at approximately USD 2.1 billion in 2022 and is expected to experience significant growth over the coming years. With an estimated compound annual growth rate (CAGR) of around 6.3% from 2022 to 2030, the market is driven by the increasing need for protection of critical infrastructure in public facilities, such as government buildings, hospitals, and schools, from power surges and electrical damage. The rising implementation of smart grid technologies and the growing investments in infrastructure upgrades are further contributing to the demand for surge protectors in public buildings. Regions like North America and Europe are expected to dominate the market, while emerging economies in Asia-Pacific are showing rapid adoption of these devices due to increasing urbanization and the construction of new public facilities.
Opportunities for growth in the surge protector market are being driven by the expansion of renewable energy integration in public buildings, which necessitates advanced protection systems. Moreover, governments across the globe are increasingly focusing on energy efficiency and grid stability, further propelling the demand for surge protectors. Emerging markets are witnessing substantial growth opportunities, particularly in countries like China, India, and Brazil, where public infrastructure development is on the rise. Additionally, technological advancements in surge protection devices, including innovations in IoT-enabled surge protectors, are expected to open new avenues for market players, offering more reliable and efficient solutions tailored to public sector needs.
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MERSEN
Schneider Electric
ABB
Eaton
Rockwell Automation
Raycap
DEHN
Pepperl+Fuchs
Siemens
Phoenix Contact
CITEL
Leviton
BENY New Energy
Intermatic Incorporated
Hager Group
Prosurge
SUPCON Group
nVent Electric
Weidmüller Interface
Legrand
Shanghai IZE Industries
CHINT Group
Zhejiang Zhongdian Power Equipment
Shenzhen Haipengxin Electronics
Shanghai Liangxin Electrical
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Surge Protectors for Public Building Market
Indoor
Outdoor
Based on Types the Market is categorized into Below types that held the largest Surge Protectors for Public Building market share In 2023.
Voltage Switching SPD
Voltage Limiting SPD
Combined SPD
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Surge Protectors for Public Building Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Surge Protectors for Public Building Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Surge Protectors for Public Building Market, By Type
6. Global Surge Protectors for Public Building Market, By Application
7. Global Surge Protectors for Public Building Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Surge Protectors for Public Building Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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