Surge Protection Devices (SPDs) Research:CAGR of 1.2% during the forecast period

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.

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 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

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)

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

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%.

• Surge Protection Devices (SPDs),Global Market Size, Split by ApplicationSegment

Based on or includes research from QYResearch: Global Surge Protection Devices (SPDs) Market Report 2024-2030.

In terms of product application, currently Communication is the largest segment, hold a share of 16.6%.

• Surge Protection Devices (SPDs),Global Market Size, Split by Region (Production)

Based on or includes research from QYResearch: Global Surge Protection Devices (SPDs) Market Report 2024-2030.

• Surge Protection Devices (SPDs),Global Market Size, Split by Region

Based on or includes research from QYResearch: Global Surge Protection Devices (SPDs) Market Report 2024-2030.

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)

About The Authors

Authors:Jingrong Yuan

Main Areas: Semiconductors and consumer electronics

Email: yuanjingrong@qyresearch.com

Contact number: 18670507188

About QYResearch

QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.

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