Direct Current Surge Protective Device Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 2.5 Billion by 2030, growing at a CAGR of 10.4% from 2024 to 2030.
The Direct Current Surge Protective Device (DC SPD) market was valued at approximately USD 1.8 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 7.5% from 2023 to 2030. The increasing adoption of renewable energy sources, such as solar power, and the growing need for reliable and uninterrupted power supply systems are driving the demand for DC SPDs. This market growth is further fueled by advancements in electronic devices and increased deployment of DC-powered systems in various sectors, including telecommunications, industrial applications, and electric vehicles. The rising frequency of lightning strikes and surges also underscores the necessity for robust surge protection solutions, contributing to the market’s expansion.
Opportunity analysis reveals significant potential in emerging markets, particularly in Asia-Pacific and Latin America, where rapid industrialization and urbanization are accelerating the demand for effective surge protection solutions. Governments in these regions are investing in infrastructure development and renewable energy projects, creating favorable conditions for market growth. Additionally, the increasing focus on smart grids and energy-efficient systems is expected to further drive the adoption of DC SPDs. Companies operating in the DC SPD sector can capitalize on these opportunities by developing innovative products and expanding their presence in these high-growth regions to tap into the growing market potential.
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ABB
Eaton
Emersen Electric
Siemens
Schneider Electric
GE
Littelfuse
Leviton
Tripp Lite
Raycap
Phoenix Contact
Legrand
LSP International
Bourns
Beny Electric
Citel
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 Direct Current Surge Protective Device Market
Residential
Commercial
Industrial
Based on Types the Market is categorized into Below types that held the largest Direct Current Surge Protective Device market share In 2023.
Type 1+2 Surge Protective Devices
Type 2 Surge Protective Devices
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 Direct Current Surge Protective Device 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 Direct Current Surge Protective Device Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Direct Current Surge Protective Device Market, By Type
6. Global Direct Current Surge Protective Device Market, By Application
7. Global Direct Current Surge Protective Device Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Direct Current Surge Protective Device Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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