Surge Protection Devices (SPDs): Global Strategic Business Report

Global Surge Protection Devices (SPDs) Market to Reach $7.9 Billion by 2030

The global market for Surge Protection Devices (SPDs) estimated at US$4.9 Billion in the year 2022, is projected to reach a revised size of US$7.9 Billion by 2030, growing at a CAGR of 5.9% over the analysis period 2022-2030. Plug-in, one of the segments analyzed in the report, is projected to record a 10.6% CAGR and reach US$1.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Hard-Wired segment is readjusted to a revised 5.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.3 Billion, While China is Forecast to Grow at 10.4% CAGR

The Surge Protection Devices (SPDs) market in the U.S. is estimated at US$1.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2030 trailing a CAGR of 10.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2% and 6.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.1 Billion by the year 2030.

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

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• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
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