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. LPI (LP Information)' newest research report, the ﾓSurge Protection Devices (SPDs) Industry Forecastﾔ looks at past sales and reviews total world Surge Protection Devices (SPDs) sales in 2022, providing a comprehensive analysis by region and market sector of projected Surge Protection Devices (SPDs) sales for 2023 through 2029. With Surge Protection Devices (SPDs) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Surge Protection Devices (SPDs) industry. This Insight Report provides a comprehensive analysis of the global Surge Protection Devices (SPDs) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Surge Protection Devices (SPDs) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Surge Protection Devices (SPDs) market. This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Surge Protection Devices (SPDs) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Surge Protection Devices (SPDs). The global Surge Protection Devices (SPDs) market size is projected to grow from US$ 2261.6 million in 2022 to US$ 2527 million in 2029; it is expected to grow at a CAGR of 2527 from 2023 to 2029. Global key players of surge protection devices (SPDs) include Phoenix, ABB, Emerson, DEHN SE, Eaton, etc. The top five players hold a share about 27%. Europe is the largest producer, has a share about 29%, followed by China and North America, with share 27% and 23%, respectively. The largest market is Asia Pacific, with a share about 58%, followed by Europe and North America, with share 21% and 14%, separately. This report presents a comprehensive overview, market shares, and growth opportunities of Surge Protection Devices (SPDs) market by product type, application, key manufacturers and key regions and countries. Market Segmentation: Segmentation by type Power Type SPD Signal Type SPD Others Segmentation by application Communication Construction Electric Power Transportation Oil and Gas Others This report also splits the market by region: Americas United States Canada Mexico Brazil APAC China Japan Korea Southeast Asia India Australia Europe Germany France UK Italy Russia Middle East & Africa Egypt South Africa Israel Turkey GCC Countries The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration. Phoenix ABB Emerson DEHN SE Eaton Siemens ZG Citel Obo Bettermann Schneider Weidm�ller Littelfuse Mersen Electrical NVent Philips LEIAN HPXIN MVC-Maxivolt ASP Legrand JMV Rainbowally SETsafe cpower MCG Surge Protection Leviton KEANDA Key Questions Addressed in this Report What is the 10-year outlook for the global Surge Protection Devices (SPDs) market? What factors are driving Surge Protection Devices (SPDs) market growth, globally and by region? Which technologies are poised for the fastest growth by market and region? How do Surge Protection Devices (SPDs) market opportunities vary by end market size? How does Surge Protection Devices (SPDs) break out type, application? What are the influences of COVID-19 and Russia-Ukraine war?
1 Scope of the Report 1.1 Market Introduction 1.2 Years Considered 1.3 Research Objectives 1.4 Market Research Methodology 1.5 Research Process and Data Source 1.6 Economic Indicators 1.7 Currency Considered 1.8 Market Estimation Caveats 2 Executive Summary 2.1 World Market Overview 2.1.1 Global Surge Protection Devices (SPDs) Annual Sales 2018-2029
