United States U.S. Surge Protection Devices Market was valued at USD 1.3 Billion in 2022 and is projected to reach USD 2.4 Billion by 2030, growing at a CAGR of 8.2% from 2024 to 2030.
The U.S. Surge Protection Devices (SPDs) market has experienced significant growth over the past few years, driven by an increasing need for electrical protection across various industries. Surge protection is essential to safeguarding electrical equipment from power surges and spikes, often caused by lightning strikes, utility switching, or faults in power lines. Industries from manufacturing to telecommunications rely heavily on SPDs to avoid costly equipment damage and downtime. As the demand for electrical systems increases, the need for reliable surge protection becomes even more crucial.
In the U.S., the surge protection market is expected to continue its upward trajectory, with industries like residential, commercial, and industrial applications driving this demand. U.S. Surge Protection Devices Market is witnessing a surge in adoption across sectors such as healthcare, data centers, and manufacturing plants. These industries typically require robust surge protection to ensure uninterrupted operations, prevent data loss, and minimize the risk of electrical fires. The market is expected to grow due to the increasing adoption of automation in manufacturing, which requires high-quality surge protection devices.
One of the major driving factors for surge protection device adoption is the growing number of electrical and electronic systems in homes, offices, and factories. As systems become more sophisticated, so does the need for specialized SPDs to handle the voltage surges. Additionally, with the rise in renewable energy systems, such as solar and wind power, surge protection is vital to avoid damage from unexpected surges caused by fluctuations in energy production.
From a technological standpoint, advancements in surge protection devices, such as the development of smart SPDs, are changing the landscape of the market. Smart SPDs can monitor the voltage and provide real-time alerts when surges occur, allowing businesses to take preventive measures before significant damage happens. These innovations are particularly important for industries that cannot afford downtime, such as finance, telecommunications, and healthcare, where every second counts.
The U.S. Surge Protection Devices Market is also influenced by regulatory standards and safety requirements set by various authorities. These standards ensure that SPDs meet certain performance criteria, including the ability to handle high-energy surges and to provide reliable protection over an extended period. Industries are increasingly focusing on meeting these regulations to ensure compliance and to prevent costly accidents.
In summary, the growing need for reliable electrical systems, advancements in technology, and stricter safety regulations are driving the U.S. Surge Protection Devices Market. As the demand for surge protection devices increases, industries across the country are investing in these critical solutions to protect their infrastructure and avoid unnecessary losses from electrical damage.
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ABB
Eaton
Emersen Electric
Siemens
Schneider Electric
General Electric
Littelfuse
Advanced Protection Technologies
Belkin
Leviton Manufacturing
Tripp Lite
Panamax
REV Ritter
Raycap
Phoenix Contact
Hubbell
Legrand
Mersen Electrical Power
Citel
MVC-Maxivolt
Koninklijke Philips
Pentair Electrical & Fastening Solutions
MCG Surge Protection
JMV
ISG
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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 US U.S. Surge Protection Devices Market
Plug-in Surge Protectors
Hardwired Surge Protectors
Power Strip Surge Protectors
Whole-House Surge Protectors
Residential
Commercial
Industrial
Low Voltage Surge Protectors
Medium Voltage Surge Protectors
High Voltage Surge Protectors
Electrical and Electronics Equipment Protection
Telecommunication Equipment Protection
Data Centers and IT Infrastructure
Online
Offline
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)
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1. Introduction of the US U.S. Surge Protection Devices 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. US U.S. Surge Protection Devices Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US U.S. Surge Protection Devices Market, By Type
6. US U.S. Surge Protection Devices Market, By Application
7. US U.S. Surge Protection Devices Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US U.S. Surge Protection Devices Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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