The global surge protection devices market is expected to grow at a CAGR of 5.5% during the forecast period, from 2021 to 2030. The surge protection devices market is driven by the increasing demand for data centers and industrial applications, which are witnessing an increase in power consumption due to the adoption of IoT and AI technologies. The surge protection devices market is also driven by the need for safety measures against power surges in residential applications.
The voltage switch type SPD segment accounted for a major share of this market in 2018, owing to its high reliability and low cost-per-unit ratio. The pressure limiting type SPD segment accounted for a major share of this market in 2018, owing to its ability to protect against overvoltages as well as undervoltages without any interruption or damage caused by spikes or sags on the line voltage.
Some Of The Growth Factors Of This Market:
- Surge protection devices are used to protect electrical equipment from power surges and spikes.
- The surge protection devices market is driven by the increasing demand for power quality in industrial and commercial sectors, which is expected to drive the market growth over the forecast period.
- The surge protection devices market is also driven by the increasing need for energy efficiency in buildings, which will lead to increased demand for SPDs in residential sector as well as commercial buildings over the forecast period.
- Increasing awareness about power quality issues among consumers will also drive the surge protection devices market growth over the forecast period.
- Increasing investments by governments across various regions of Asia Pacific region will also fuel this market growth.
Industry Growth Insights published a new data on “Surge Protection Devices (SPDs) Market”. The research report is titled “Surge Protection Devices (SPDs) Market research by Types (Voltage Switch Type SPD, Pressure Limiting Type SPD, Combination Type SPD), By Applications (Business, Data Center, Industrial, Medical, Residential, Other), By Players/Companies ABB, Eaton, Emersen Electric, Siemens, Schneider Electric, General Electric, Littelfuse, Advanced Protection Technologies, Belkin International, Leviton Manufacturing, Tripp Lite, Panamax, Raycap, Phoenix Contact”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Surge Protection Devices (SPDs) Market Research Report
By Type
Voltage Switch Type SPD, Pressure Limiting Type SPD, Combination Type SPD
By Application
Business, Data Center, Industrial, Medical, Residential, Other
By Companies
ABB, Eaton, Emersen Electric, Siemens, Schneider Electric, General Electric, Littelfuse, Advanced Protection Technologies, Belkin International, Leviton Manufacturing, Tripp Lite, Panamax, Raycap, Phoenix Contact
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
 Industry Outlook.svg)
Global Surge Protection Devices (SPDs) Market Report Segments:
The global Surge Protection Devices (SPDs) market is segmented on the basis of:
Types
Voltage Switch Type SPD, Pressure 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
Business, Data Center, Industrial, Medical, Residential, Other
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
- Eaton
- Emersen Electric
- Siemens
- Schneider Electric
- General Electric
- Littelfuse
- Advanced Protection Technologies
- Belkin International
- Leviton Manufacturing
- Tripp Lite
- Panamax
- Raycap
- Phoenix Contact
 Market Overview.svg)
Highlights of The Surge Protection Devices (SPDs) 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 Type SPD
- Pressure Limiting Type SPD
- Combination Type SPD
- By Application:
- Business
- Data Center
- Industrial
- Medical
- Residential
- Other
- 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 (SPDs) 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?
Surge protection devices (SPDs) are a type of electrical protection device that helps to prevent power surges from damaging electronic equipment.
Some of the key players operating in the surge protection devices (spds) market are ABB, Eaton, Emersen Electric, Siemens, Schneider Electric, General Electric, Littelfuse, Advanced Protection Technologies, Belkin International, Leviton Manufacturing, Tripp Lite, Panamax, Raycap, Phoenix Contact.
The surge protection devices (spds) market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Surge Protection Devices (SPDs) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Surge Protection Devices (SPDs) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Surge Protection Devices (SPDs) Market - Supply Chain
4.5. Global Surge Protection Devices (SPDs) Market Forecast
4.5.1. Surge Protection Devices (SPDs) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Surge Protection Devices (SPDs) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Surge Protection Devices (SPDs) Market Absolute $ Opportunity
5. Global Surge Protection Devices (SPDs) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Surge Protection Devices (SPDs) Market Size and Volume Forecast by Type
5.3.1. Voltage Switch Type SPD
5.3.2. Pressure Limiting Type SPD
5.3.3. Combination Type SPD
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Surge Protection Devices (SPDs) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Surge Protection Devices (SPDs) Market Size and Volume Forecast by Application
6.3.1. Business
6.3.2. Data Center
6.3.3. Industrial
6.3.4. Medical
6.3.5. Residential
6.3.6. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Surge Protection Devices (SPDs) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Surge Protection Devices (SPDs) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Surge Protection Devices (SPDs) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Surge Protection Devices (SPDs) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Surge Protection Devices (SPDs) Demand Share Forecast, 2019-2029
9. North America Surge Protection Devices (SPDs) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Surge Protection Devices (SPDs) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Surge Protection Devices (SPDs) Market Size and Volume Forecast by Application
9.4.1. Business
9.4.2. Data Center
9.4.3. Industrial
9.4.4. Medical
9.4.5. Residential
9.4.6. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Surge Protection Devices (SPDs) Market Size and Volume Forecast by Type
9.7.1. Voltage Switch Type SPD
9.7.2. Pressure Limiting Type SPD
9.7.3. Combination Type SPD
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Surge Protection Devices (SPDs) Demand Share Forecast, 2019-2029
10. Latin America Surge Protection Devices (SPDs) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Surge Protection Devices (SPDs) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Surge Protection Devices (SPDs) Market Size and Volume Forecast by Application
10.4.1. Business
10.4.2. Data Center
10.4.3. Industrial
10.4.4. Medical
10.4.5. Residential
10.4.6. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Surge Protection Devices (SPDs) Market Size and Volume Forecast by Type
10.7.1. Voltage Switch Type SPD
10.7.2. Pressure Limiting Type SPD
10.7.3. Combination Type SPD
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Surge Protection Devices (SPDs) Demand Share Forecast, 2019-2029
11. Europe Surge Protection Devices (SPDs) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Surge Protection Devices (SPDs) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Surge Protection Devices (SPDs) Market Size and Volume Forecast by Application
11.4.1. Business
11.4.2. Data Center
11.4.3. Industrial
11.4.4. Medical
11.4.5. Residential
11.4.6. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Surge Protection Devices (SPDs) Market Size and Volume Forecast by Type
11.7.1. Voltage Switch Type SPD
11.7.2. Pressure Limiting Type SPD
11.7.3. Combination Type SPD
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Surge Protection Devices (SPDs) Demand Share, 2019-2029
12. Asia Pacific Surge Protection Devices (SPDs) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Surge Protection Devices (SPDs) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Surge Protection Devices (SPDs) Market Size and Volume Forecast by Application
12.4.1. Business
12.4.2. Data Center
12.4.3. Industrial
12.4.4. Medical
12.4.5. Residential
12.4.6. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Surge Protection Devices (SPDs) Market Size and Volume Forecast by Type
12.7.1. Voltage Switch Type SPD
12.7.2. Pressure Limiting Type SPD
12.7.3. Combination Type SPD
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Surge Protection Devices (SPDs) Demand Share, 2019-2029
13. Middle East & Africa Surge Protection Devices (SPDs) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Surge Protection Devices (SPDs) Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Surge Protection Devices (SPDs) Market Size and Volume Forecast by Application
13.4.1. Business
13.4.2. Data Center
13.4.3. Industrial
13.4.4. Medical
13.4.5. Residential
13.4.6. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Surge Protection Devices (SPDs) Market Size and Volume Forecast by Type
13.7.1. Voltage Switch Type SPD
13.7.2. Pressure Limiting Type SPD
13.7.3. Combination Type SPD
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Surge Protection Devices (SPDs) Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Surge Protection Devices (SPDs) Market: Market Share Analysis
14.2. Surge Protection Devices (SPDs) Distributors and Customers
14.3. Surge Protection Devices (SPDs) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Eaton
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Emersen Electric
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Siemens
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Schneider Electric
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. General Electric
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Littelfuse
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Advanced Protection Technologies
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Belkin International
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Leviton Manufacturing
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Tripp Lite
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Panamax
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Raycap
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Phoenix Contact
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
