Market Overview:
The global surge protection devices (SPD) market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for SPDs from various end-use industries, such as construction, automotive and transportation, electronics and electrical equipment, industrial, energy, and others. In addition, the growing awareness about the benefits of using SPDs is also contributing to the growth of this market. Based on type, the global surge protection devices (SPD) market can be segmented into voltage switch SPDs, voltage limiting type SPDs,, and combination type SPDs. Voltage switch SPDs are expected to account for a major share of this market in 2018 owing to their ability protect equipment against both overvoltages and undervoltages. Voltage limiting type SPDS are also anticipated to witness significant growth during the forecast period due their ability limit damage caused by surges in power supply lines. Based on application,,the global surge protection devices (SPD)market can be divided into construction,, automotive and transportation,, electronics and electrical equipment,, industrial,,,, energy,,,,and others segments. The construction segment is projectedto grow at a high CAGR duringthe forecast period owingto rising investments in infrastructure development projects across different regions worldwide.
 Industry Outlook.svg)
Product Definition:
A surge protection device (SPD) is an electronic component that is designed to protect electrical or electronic equipment from voltage spikes. Voltage spikes can occur when there is a sudden change in the amount of electricity flowing through a circuit. They can also be caused by lightning strikes or power outages. SPDs are used to protect sensitive equipment from damage or failure caused by these voltage spikes.
Voltage Switch SPD:
The voltage switch SPD is a type of surge protection device (SPD) that uses switching devices to protect electronic equipment from power surges. The main function of this product is to quickly and efficiently absorb the energy released by a fault in an electrical circuit, thereby reducing the risk of damage to connected equipment.
This product finds application in various industries such as oil & gas, chemical processing, manufacturing plants among others where there is a high probability for power fluctuations and spike in current.
Voltage Limiting Type SPD:
The voltage limiting type SPD is a surge protection device that protects electronic devices from high voltage surges and transients, which may occur due to lightning strikes, power line crashes or equipment malfunction. It does not protect against the overvoltage that occurs when the input supply exceeds the rating of the device.
The voltage limiting type SPD has three main parts including an insulating layer (top cover), an energy dissipating medium (bulkhead) and a switch (lower assembly).
Application Insights:
The construction application segment led the market in 2017 and is projected to expand at a CAGR of XX% from 2018 to 2030. The growing construction industry, particularly across developing countries such as India and China, is expected to drive the demand for surge protection devices in this application. In addition, increasing investments by governments in infrastructure development are likely to augment the growth of this segment over the forecast period.
The automotive & transportation sector accounted for nearly 15% share of global revenue in 2017 owing to rising product demand from various electronic components used within vehicles. Growing electronics industry along with surging automobile production across major economies including Japan, Germany France Italy Spain and U.S., are anticipated to boost product penetration within this sector over the forecast period.
Increasing use of SPDs by power supply units used during industrial manufacturing processes is expected drive their demand further upsurge within industrial applications leading upsurge towards higher market penetration globally surge protection devices (SPD).
Regional Analysis:
The Asia Pacific region accounted for the largest market share in 2016 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing demand from emerging countries, such as China and India. In addition, growing industrialization coupled with a large consumer base for power protection devices in various applications is anticipated to drive the regional market growth.
China was one of the first countries that adopted SPDs owing to an increase in construction activities across various sectors including residential buildings, commercial buildings, transportation facilities, etc., which resulted into an increased requirement of surge protectors/circuit breakers. Moreover rising awareness regarding electrical safety among consumers along with stringent government regulations are some factors driving product demand across this country over the forecast period.
North America emerged as a significant consumer due to presence of key players such as APX Technologies Inc.; Triad Magnetics Corporation; Furukawa Electric Co., Ltd.; and TE Connectivity Ltd.
Growth Factors:
- Increasing demand for surge protection devices from the industrial sector owing to growing number of data centers and heavy reliance on electronics and electrical equipment
- Rising concerns over power outages and their impact on businesses, which is driving the demand for surge protection devices
- Growing popularity of uninterruptible power supply (UPS) systems that use SPDs as a component to provide backup power in case of an outage or fault
- Proliferation of smart grids and the increasing adoption of renewable energy sources such as solar and wind, which are prone to surges and spikes in voltage levels
- Stringent government regulations mandating the installation of surge protection devices in critical infrastructure facilities
Scope Of The Report
Report Attributes
Report Details
Report Title
Surge Protection Devices (SPD) Market Research Report
By Type
Voltage Switch SPD, Voltage Limiting Type SPD, Combination Type SPD
By Application
Construction, Automotive and Transportation, Electronics and Electrical Equipment, Industrial, Energy, Others
By Companies
Schneider Electric, Eaton, GE Industrial Solutions, Siemens, ABB, Rockwell Automation Inc., Emerson, Bourns, Leviton, Vertiv, Schneider Electric, Raycap, Hager, Indelec
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
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Surge Protection Devices (SPD) Market Report Segments:
The global Surge Protection Devices (SPD) market is segmented on the basis of:
Types
Voltage Switch SPD, Voltage Limiting Type SPD, Combination Type SPD
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
Construction, Automotive and Transportation, Electronics and Electrical Equipment, Industrial, Energy, 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:
- Schneider Electric
- Eaton
- GE Industrial Solutions
- Siemens
- ABB
- Rockwell Automation Inc.
- Emerson
- Bourns
- Leviton
- Vertiv
- Schneider Electric
- Raycap
- Hager
- Indelec
 Market Overview.svg)
Highlights of The Surge Protection Devices (SPD) 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:
- Voltage Switch SPD
- Voltage Limiting Type SPD
- Combination Type SPD
- By Application:
- Construction
- Automotive and Transportation
- Electronics and Electrical Equipment
- Industrial
- Energy
- 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 Surge Protection Devices (SPD) 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
 Market Statistics.svg)
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
Frequently Asked Questions?
A surge protector devices (SPD) is a device that helps protect electronic equipment from surges in voltage, current, or both.
Some of the major players in the surge protection devices (spd) market are Schneider Electric, Eaton, GE Industrial Solutions, Siemens, ABB, Rockwell Automation Inc., Emerson, Bourns, Leviton, Vertiv, Schneider Electric, Raycap, Hager, Indelec.
The surge protection devices (spd) market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Surge Protection Devices (SPD) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Surge Protection Devices (SPD) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Surge Protection Devices (SPD) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Surge Protection Devices (SPD) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Surge Protection Devices (SPD) Market Size & Forecast, 2020-2028
4.5.1 Surge Protection Devices (SPD) Market Size and Y-o-Y Growth
4.5.2 Surge Protection Devices (SPD) Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Voltage Switch SPD
5.2.2 Voltage Limiting Type SPD
5.2.3 Combination Type SPD
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Construction
6.2.2 Automotive and Transportation
6.2.3 Electronics and Electrical Equipment
6.2.4 Industrial
6.2.5 Energy
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Surge Protection Devices (SPD) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Surge Protection Devices (SPD) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Voltage Switch SPD
9.6.2 Voltage Limiting Type SPD
9.6.3 Combination Type SPD
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Construction
9.10.2 Automotive and Transportation
9.10.3 Electronics and Electrical Equipment
9.10.4 Industrial
9.10.5 Energy
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Voltage Switch SPD
10.6.2 Voltage Limiting Type SPD
10.6.3 Combination Type SPD
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Construction
10.10.2 Automotive and Transportation
10.10.3 Electronics and Electrical Equipment
10.10.4 Industrial
10.10.5 Energy
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Voltage Switch SPD
11.6.2 Voltage Limiting Type SPD
11.6.3 Combination Type SPD
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Construction
11.10.2 Automotive and Transportation
11.10.3 Electronics and Electrical Equipment
11.10.4 Industrial
11.10.5 Energy
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Voltage Switch SPD
12.6.2 Voltage Limiting Type SPD
12.6.3 Combination Type SPD
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Construction
12.10.2 Automotive and Transportation
12.10.3 Electronics and Electrical Equipment
12.10.4 Industrial
12.10.5 Energy
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Voltage Switch SPD
13.6.2 Voltage Limiting Type SPD
13.6.3 Combination Type SPD
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Construction
13.10.2 Automotive and Transportation
13.10.3 Electronics and Electrical Equipment
13.10.4 Industrial
13.10.5 Energy
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Surge Protection Devices (SPD) Market: Competitive Dashboard
14.2 Global Surge Protection Devices (SPD) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Schneider Electric
14.3.2 Eaton
14.3.3 GE Industrial Solutions
14.3.4 Siemens
14.3.5 ABB
14.3.6 Rockwell Automation Inc.
14.3.7 Emerson
14.3.8 Bourns
14.3.9 Leviton
14.3.10 Vertiv
14.3.11 Schneider Electric
14.3.12 Raycap
14.3.13 Hager
14.3.14 Indelec
