Global DC SPD (Surge Protective Device) Market by Type (Solid-state DC Surge Protective Device, Hybrid DC Surge Protective Device), By Application (Industrial, Commercial, Residential, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global DC SPD (Surge Protective Device) market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for surge protection devices in industrial, commercial, and residential applications. Additionally, the growing awareness about the benefits of using surge protection devices is also contributing to the growth of this market. The global DC SPD (Surge Protective Device) market can be segmented on the basis of type into solid-state DC surge protective device and hybrid DC surge protective device. The hybrid DSPD (surge protective device) segment is expected to grow at a higher CAGR than the solid-state DSPD (surge protective device) segment during the forecast period from 2018 to 2030.



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Product Definition:

A surge protective device, or SPD, is a component of an electrical system that is designed to protect against voltage surges. Voltage surges can occur when there is a sudden change in the amount of electricity flowing through a circuit. They can also be caused by external factors such as lightning strikes or power outages. SPDs are used to protect equipment from damage caused by voltage surges. They work by automatically shutting down the flow of electricity when they detect a surge in voltage.

Solid-state DC Surge Protective Device:

A solid-state DC surge protective device (SSDSPD) is a new type of electronic component that has gained significant importance in the past few years. It is used to protect electronic components from voltage surges and transients, which occur due to short circuits, lightning strikes or any other electrical abnormalities. The growing demand for energy efficiency across various industries such as telecommunication & IT, automotive and industrial manufacturing has led to an increase in the usage of electronics equipment.

Hybrid DC Surge Protective Device:

Hybrid DC SPD is a combination of two devices, namely an ordinary surge protector and a battery backup. It provides the best of both worlds by using two essential components to protect electrical equipment from power surges and AC-powered events.

The primary function of any surge protector is to provide short-term protection for connected equipment against high voltage fluctuations that can be caused by lightning strikes, utility power spikes, etc.

Application Insights:

The industrial application segment led the global DC SPD market in 2017 and is projected to expand at a CAGR of XX% from 2018 to 2030. The growth can be attributed to the growing demand for surge protective devices in electrical generation, oil & gas, petrochemicals, and other industrial sectors across the globe.

The commercial application segment accounted for more than 40% of the overall revenue share in 2017 owing to rising number of commercial construction projects across developing countries such as China and India. These projects are mainly concentrated on providing electricity supply along with water & sewage facilities within a city structure at an affordable cost which is expected to boost product demand over the forecast period.

Regional Analysis:

North America is expected to dominate the global market over the forecast period. The growth can be attributed to rising demand for advanced technologies and products with high efficiency in providing protection against lightning strikes and surges. Europe is also estimated to witness considerable growth over the coming years owing to increasing investments in research & development activities by various companies operating within this region.

Asia Pacific, on the other hand, is anticipated to register significant growth during the forecast period owing to rapid industrialization coupled with growing demand from developing countries such as China and India. Furthermore, improving economic conditions are likely boost consumerism which would subsequently drive product sales at commercial facilities such as shopping malls and corporate offices of various industries across these regions.

Growth Factors:

Increasing demand for data centers and rising number of data centers in the world
Growing awareness about the benefits of using surge protective devices
Rapid growth in the telecommunications and IT sectors
Rising demand for reliable and uninterrupted power supply systems
Proliferation of smart grids


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Scope Of The Report
Report Attributes
Report Details
Report Title
DC SPD (Surge Protective Device) Market Research Report
By Type
Solid-state DC Surge Protective Device, Hybrid DC Surge Protective Device
By Application
Industrial, Commercial, Residential, Others
By Companies
ABB, Schneider Electric, Eaton, Mitsubishi Electric, Siemens, GE, Legrand, Fuji Electric, CHINT Electrics, Alstom, Rockwell Automation, Liangxin, Toshiba, Suntree, Yueqing Feeo Electric
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.

Global DC SPD (Surge Protective Device) Market Report Segments:
The global DC SPD (Surge Protective Device) market is segmented on the basis of:
Types
Solid-state DC Surge Protective Device, Hybrid DC Surge Protective Device
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Commercial, Residential, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
ABB
Schneider Electric
Eaton
Mitsubishi Electric
Siemens
GE
Legrand
Fuji Electric
CHINT Electrics
Alstom
Rockwell Automation
Liangxin
Toshiba
Suntree
Yueqing Feeo Electric



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Highlights of The DC SPD (Surge Protective Device) Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Solid-state DC Surge Protective Device
Hybrid DC Surge Protective Device
By Application:
Industrial
Commercial
Residential
Others
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the DC SPD (Surge Protective Device) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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