Press release
Surge Protection Devices (SPDs) Research:the global Surge Protection Devices (SPDs) market size is projected to reach USD 2.56 billion by 2030
A surge protective device (SPD) is a protective device for limiting transient voltages by diverting or limiting surge current and is capable of repeating these functions as specified. Surge Protective Devices are designed to protect against transient surge conditions. Large single surge events, such as lightning, can reach hundreds of thousands of volts and can cause immediate or intermittent equipment failure. However, lightning and utility power anomalies only account for 20% of transient surges. The remaining 80% of surge activity is produced internally. Although these surges may be smaller in magnitude, they occur more frequently and with continuous exposure can degrade sensitive electronic equipment within the facility.
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Surge Protection Devices (SPDs) Market Summary
A surge protective device (SPD) is a protective device for limiting transient voltages by diverting or limiting surge current and is capable of repeating these functions as specified. Surge Protective Devices are designed to protect against transient surge conditions. Large single surge events, such as lightning, can reach hundreds of thousands of volts and can cause immediate or intermittent equipment failure. However, lightning and utility power anomalies only account for 20% of transient surges. The remaining 80% of surge activity is produced internally. Although these surges may be smaller in magnitude, they occur more frequently and with continuous exposure can degrade sensitive electronic equipment within the facility.
According to the new market research report "Global Surge Protection Devices (SPDs) Market Report 2024-2030", published by QYResearch, the global Surge Protection Devices (SPDs) market size is projected to reach USD 2.56 billion by 2030, at a CAGR of 1.2% during the forecast period.
Global Surge Protection Devices (SPDs) MarketSize(US$ Million), 2019-2030
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Above data is based on report from QYResearch: Global Surge Protection Devices (SPDs) Market Report 2024-2030 (published in 2023). If you need the latest data, plaese contact QYResearch.
Global Surge Protection Devices (SPDs) Top25Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
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Above data is based on report from QYResearch: Global Surge Protection Devices (SPDs) Market Report 2024-2030 (published in 2023). If you need the latest data, plaese contact QYResearch.
According to QYResearch Top Players Research Center, the global key manufacturers of Surge Protection Devices (SPDs) include Phoenix, ABB, Emerson, DEHN SE, Eaton, Siemens, ZG, Citel, Obo Bettermann, Schneider, etc. In 2022, the global top 10 players had a share approximately 40.0% in terms of revenue.
Surge Protection Devices (SPDs),Global Market Size, Split by Product Segment
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Based on or includes research from QYResearch: Global Surge Protection Devices (SPDs) Market Report 2024-2030.
In terms of product type, currently Power Type SPD is the largest segment, hold a share of 68.6%.
In terms of product application, currently Communication is the largest segment, hold a share of 16.6%.
Market Drivers:
Increased competition : The competition among vendors will increase during the forecast period. Vendors will compete to deliver competitive advantages in the market on the basis of pricing, user-friendly interfaces, value-added benefits, and service portfolios. During the forecast period, we expect this competition to intensify with an increase in product extensions.
Continuous innovation Technological innovations have an important role in driving the growth of the market. To sustain in the competitive market, vendors should develop new ideas and technologies and stay up-to-date with the advanced technologies.
Periodicity: The downstream application industries of lightning protection products are mainly communications, power, petrochemical, new energy, aerospace defense, construction, rail transit and other industries. The development cycle of such industries is closely related to the development cycle of the national economy. When the coverage of lightning protection products is relatively high, the periodicity of its products is basically consistent with the periodicity of national economic development. When the coverage of lightning protection products is relatively low, the state's strong implementation of lightning protection regulations will lead to the industry's demand for lightning protection products growing faster than industry investment, and the periodicity is not obvious. At the same time, as the protection products of electrical equipment and electronic equipment in the basic industry, the SPD of the main lightning protection products needs to be replaced in time to ensure the safe operation of the production. Therefore, when the coverage of SPD products is high, the market demand comes from the update and new investment. The new investment component is highly correlated with the prosperity of the downstream industry.
Seasonal : Since the thunderstorm day is mainly concentrated in June-October every year, plus the influence of the New Year and Spring Festival in the first quarter, the demand for lightning protection products is usually higher than that in the first half of the year. In addition, due to the impact of fiscal year factors, the downstream application industry of lightning protection products usually implements the final accounts of the current year and formulates the budget for the next year. The procurement of lightning protection products in the second half of the year is relatively concentrated.
Regional: Lightning protection products are used in communication, electric power, petrochemical, new energy, aerospace and defense, construction, rail transit and other basic industries related to national economy and people's livelihood, and are not subject to regional restrictions.
Restraint:
C1: Supply Chain Challenges (COVID-19 Impact)
C2: Downward trend in prices and consumer spend
C3: Trade and tariff implications (Economic/Political Environmental Change)
The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.
The Surge Protection Devices (SPDs) market is segmented as below:
By Company
Phoenix
ABB
Emerson
DEHN SE
Eaton
Siemens
ZG
Citel
Obo Bettermann
Schneider
Weidmüller
Littelfuse
Mersen Electrical
NVent
Philips
LEIAN
HPXIN
MVC-Maxivolt
ASP
Legrand
JMV
Chengdu Pedaro Technology
Xiamen SET
C-Power
MCG Surge Protection
Leviton
KEANDA
Segment by Type
Power Type SPD
Signal Type SPD
Others
Segment by Application
Communication
Construction
Electric Power
Transportation
Oil and Gas
PV
Wind Power
Others
Each chapter of the report provides detailed information for readers to further understand the Surge Protection Devices (SPDs) market:
Chapter 1: Introduces the report scope of the Surge Protection Devices (SPDs) report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2019-2030)
Chapter 2: Detailed analysis of Surge Protection Devices (SPDs) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2019-2024)
Chapter 3: Provides the analysis of various Surge Protection Devices (SPDs) market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2019-2030)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2019-2030)
Chapter 5: Sales, revenue of Surge Protection Devices (SPDs) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2019-2030)
Chapter 6: Sales, revenue of Surge Protection Devices (SPDs) in country level. It provides sigmate data by Type, and by Application for each country/region.(2019-2030)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2019-2024)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Benefits of purchasing QYResearch report:
Competitive Analysis: QYResearch provides in-depth Surge Protection Devices (SPDs) competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.
Industry Analysis: QYResearch provides Surge Protection Devices (SPDs) comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.
and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.
Market Size: QYResearch provides Surge Protection Devices (SPDs) market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.
Other relevant reports of QYResearch:
Global Surge Protection Devices (SPDs) Market Insights, Forecast to 2030
Global Surge Protection Devices (SPDs) Market Research Report 2024
Global Surge Protection Devices (SPDs) Industry Research Report, Growth Trends and Competitive Analysis 2024-2030
Global Surge Protection Devices (SPDs) Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2024-2030
Surge Protection Devices (SPDs)- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Surge Protection Devices (SPDs) - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Surge Protection Devices (SPDs) Market Report, History and Forecast 2017-2028
Surge Protection Devices (SPDs) - Global Market Insights and Sales Trends 2024
Global Surge Protection Devices (SPDs) Market Research Report 2023
Global Surge Protection Devices (SPDs) Sales Market Report 2023
Global Surge Protection Devices (SPDs) Industry Research Report, Growth Trends and Competitive Analysis 2023-2029
Global Surge Protection Devices (SPDs) Market Report, History and Forecast 2018-2029, Breakdown Data by Manufacturers, Key Regions, Types and Application
Global and United States Surge Protection Devices (SPDs) Market Report & Forecast 2023-2029
Global and India Surge Protection Devices (SPDs) Market Report & Forecast 2023-2029
Global and United States Surge Protection Devices (SPDs) Market Report & Forecast 2022-2028
United States Surge Protection Devices (SPDs) Market Report & Forecast 2021-2027
About Us：
QYResearch founded in California, USA in 2007, which is a leading global market research and consulting company. Our primary business include market research reports, custom reports, commissioned research, IPO consultancy, business plans, etc. With over 17 years of experience and a dedicated research team, we are well placed to provide useful information and data for your business, and we have established offices in 7 countries (include United States, Germany, Switzerland, Japan, Korea, China and India) and business partners in over 30 countries. We have provided industrial information services to more than 60,000 companies in over the world.
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