According to a market report by Lucintel, the future of the global surge protection device market looks promising with opportunities in the industrial, commercial, and residential markets. The global surge protection device market is expected to reach an estimated $4.5 billion by 2030 from $3.2 billion in 2024,at a CAGR of 5.6% from 2024 to 2030. The major drivers for this market are rising demand for electronic device protection systems, escalating usage of electrical and electronics appliances in commercial & residential sectors, and growing adoption of whole house surge protector.A more than 150-page report to understand trends, opportunity and forecast in surge protection device market to 2030 by type (hard-wired, plug-in, and line cord), discharge current (below 10 kA, 10 kA–25 kA, and above 25 kA), end use (industrial, commercial, and residential), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category, hard-wired is expected to witness the highest growth over the forecast period.
Within the end use category, industrial is expected to witness the highest growth over the forecast period.
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In terms of region, North America is expected to witness the highest growth over the forecast period.
ABB, Siemens, Schneider Electric, Emerson, Eaton are the major suppliers in the surge protection device market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]To get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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