Surge Protection Devices (Spd) Market size is estimated to be USD 2.5 Billion in 2024 and is expected to reach USD 3.8 Billion by 2033 at a CAGR of 5% from 2026 to 2033.
The global Surge Protection Devices (SPD) market was valued at USD 2.75 billion in 2022 and is projected to grow at a Compound Annual Growth Rate (CAGR) of 6.4% from 2023 to 2030. The market is primarily driven by the growing demand for electrical and electronic devices, alongside increasing awareness about the protection of equipment from power surges. The demand for SPDs is expected to surge due to the rising installation of advanced electrical systems across various industries, particularly in residential and commercial sectors. The North American market accounted for a significant share of the SPD market in 2022, with a valuation of approximately USD 950 million, driven by the high adoption of advanced infrastructure, industrial applications, and government regulations for electrical safety. The European SPD market was valued at USD 680 million, reflecting growth due to industrial automation, renewable energy adoption, and energy efficiency standards.
In the Asia Pacific region, the SPD market is expected to grow the fastest, with a projected CAGR of 8.1% from 2023 to 2030. This is driven by the rapid urbanization, increased construction activities, and the growing manufacturing base in countries such as China and India, where demand for electrical protection is rising. The Asia Pacific market was valued at USD 820 million in 2022, accounting for nearly 30% of the global market share. In Latin America and the Middle East and Africa, the market is expanding due to investments in infrastructure development and industrial growth, with regional growth rates anticipated at 5.6% and 5.3% respectively. The adoption of SPDs in emerging economies is expected to provide substantial growth opportunities in these regions.
Get | Download Sample Copy with TOC, Graphs & List of Figures @ http://verifiedmarketreports.com/download-sample/?rid=132538&utm_source=Pulse_G_April&utm_medium=212
Eaton
Alltec
Raycap
ABB
Vertiv
Rockwell Automation Inc.
Schneider Electric
GE Industrial Solutions
Indelec
Hager
Siemens
Emerson
Bourns
Leviton
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. 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.
Get Discount On The Purchase Of This Report @ https://www.verifiedmarketreports.com/ask-for-discount/?rid=132538&utm_source=Pulse_G_April&utm_medium=212
Growing demand for below applications around the world has had a direct impact on the growth of the Global Surge Protection Devices (Spd) Market
Transient Voltage Surge Suppressors (TVSS)
Whole House Surge Protectors
Point-of-Use Surge Protectors
Power Conditioner Surge Protectors
Industrial Surge Protectors
Residential Applications
Commercial Applications
Industrial Applications
Data Center Applications
Telecommunications Applications
Metal Oxide Varistor (MOV)
Gas Discharge Tubes (GDT)
Silicon Avalanche Diode (SAD)
Hybrid Surge Protection Devices
Series Mode Surge Protection
Electrical Utilities
Information Technology
Manufacturing
Healthcare
Retail
Low Voltage SPD (≤ 1000V)
Medium Voltage SPD (1kV - 35kV)
High Voltage SPD (≥ 35kV)
Ultra-High Voltage SPD (≥ 100kV)
Special Voltage Rating Devices
US (United States, US 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)
For More Information or Query, Visit @ https://www.verifiedmarketreports.com/product/global-surge-protection-devices-spd-market-report-2019-competitive-landscape-trends-and-opportunities/
1. Introduction of the Global Surge Protection Devices (Spd) 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 Protection Devices (Spd) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Surge Protection Devices (Spd) Market, By Type
6. Global Surge Protection Devices (Spd) Market, By Application
7. Global Surge Protection Devices (Spd) Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Surge Protection Devices (Spd) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Research and Consulting firm servicing over 5000+ US clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/