Power SPDs Market Trends: at a CAGR of 2.7% during the forecast period

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report "Power SPDs- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031". Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2025-2031), this report provides a comprehensive analysis of the global Power SPDs market, including market size, share, demand, industry development status, and forecasts for the next few years.

The global market for Power SPDs was estimated to be worth US$ 1630 million in 2024 and is forecast to a readjusted size of US$ 1968 million by 2031 with a CAGR of 2.7% during the forecast period 2025-2031.

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According to the new market research report "Power SPDs - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031", published by QYResearch, the global Power SPDs market size is projected to reach USD 1.97 billion by 2031, at a CAGR of 2.7% during the forecast period.


Power SPDs (Surge Protective Devices): Global Market Analysis (2025-2031)

Product Definition

Power Surge Protective Devices (SPDs) are critical safety components designed to protect electrical and electronic equipment from transient overvoltages, such as those caused by lightning strikes or grid fluctuations. They function by suppressing voltage surges and diverting excess current safely to ground, safeguarding everything from building distribution systems to industrial machinery and sensitive terminal equipment.

Market Forecast

According to the latest QYResearch report, the global market for Power SPDs is expected to grow steadily. It is projected to reach USD 1.97 billion by 2031, advancing at a Compound Annual Growth Rate (CAGR) of 2.7% over the forecast period.

Competitive Landscape

The market is moderately fragmented. In 2023, the top 10 global players accounted for approximately 41.0% of the total revenue. Key manufacturers include established industrial leaders such as Phoenix Contact, ABB, Emerson, DEHN SE, Eaton, Siemens, Citel, Obo Bettermann, Schneider Electric, and Weidmüller.

Market Segmentation (2023 Data)

By Product Type: Class I Test SPDs (designed to handle direct lightning strikes) dominate the market, holding a significant share of 44.3%.

By Application: The Communication sector is the largest end-market, accounting for 20.6% of the global demand, followed by applications in industrial, commercial, and residential infrastructure.

Market Drivers

Demand for System Safety: The proliferation of high-value, sensitive equipment across smart infrastructure, industry, and new energy facilities is creating non-negotiable demand for reliable surge protection to prevent costly damage and downtime.

Regulatory Mandates: Governments and standards bodies worldwide are enforcing stricter electrical safety and surge protection codes, particularly for buildings, industrial parks, and critical infrastructure, creating sustained, compliance-driven demand.

Growth of New Industries: The rapid expansion of renewable energy (solar/wind), data centers, and electric vehicle charging networks introduces new, complex power systems with unique SPD requirements, expanding the market's scope.

Heightened Risk Awareness: A shift from reactive repair to proactive protection among businesses and individuals is increasing the adoption of SPDs as a cost-effective risk mitigation tool.

Market Challenges

Technical & R&D Hurdles: Developing high-performance SPDs with fast response, low residual voltage, and system compatibility requires significant R&D investment, creating a barrier for smaller players and leading to dependence on imported core technologies.

Intense Competition & Price Pressure: The low-end market suffers from product commoditization and price wars, squeezing profit margins. Competition from established international brands with advanced technology further pressures local manufacturers.

Application Complexity: Diverse end-use environments (e.g., high voltage, harsh conditions, electromagnetic interference) demand highly adaptable SPD solutions. Improper product selection or installation can lead to protection failures, raising the bar for technical support and expertise.

Supply Chain & Regulatory Uncertainty: Fluctuations in raw material costs (e.g., metal oxide varistors) impact profitability. Furthermore, navigating differing regional standards and certification requirements increases compliance costs and complexity for global market entry.



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 Power SPDs market is segmented as below:
By Company
Phoenix
ABB
Emerson
DEHN SE
Eaton
Siemens
Citel
Obo Bettermann
Schneider
Weidmüller
Raycap
ZG
Littelfuse
Mersen Electrical
NVent
Legrand
Philips
LEIAN
HPXIN
Chengdu Pedaro Technology
Xiamen SET
C-Power
MCG Surge Protection
ASP
Leviton
MVC-Maxivolt
JMV
KEANDA

Segment by Type
Class I Test SPD
Class II Test SPD
Class III Test SPD

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 Power SPDs market:

Chapter 1: Introduces the report scope of the Power 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. (2020-2031)
Chapter 2: Detailed analysis of Power SPDs manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2020-2025)
Chapter 3: Provides the analysis of various Power 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. (2020-2031)
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.(2020-2031)
Chapter 5: Sales, revenue of Power 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..(2020-2031)
Chapter 6: Sales, revenue of Power SPDs in country level. It provides sigmate data by Type, and by Application for each country/region.(2020-2031)
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. (2020-2025)
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 Power 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 Power 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 Power 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 Power SPDs Market Outlook, InDepth Analysis & Forecast to 2031
Global Power SPDs Market Research Report 2025
Global Power SPDs Sales Market Report, Competitive Analysis and Regional Opportunities 2025-2031
Global Surge Protection Devices (SPDs) for Electric Power System Market Outlook, InDepth Analysis & Forecast to 2031
Global Surge Protection Devices (SPDs) for Electric Power System Sales Market Report, Competitive Analysis and Regional Opportunities 2025-2031
Surge Protection Devices (SPDs) for Electric Power System - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031
Global Surge Protection Devices (SPDs) for Electric Power System Market Research Report 2025

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