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.
According to the new market research report “Global Surge Protection Devices (SPDs) Market Research Report 2024”, published by QYResearch, the global Surge Protection Devices (SPDs) market size is projected to reach USD 2.57 billion by 2029, at a CAGR of 1.3% during the forecast period.
- Global Surge Protection Devices (SPDs) MarketSize(US$ Million), 2018-2029
Source: QYResearch, “Global Surge Protection Devices (SPDs) Market Research Report 2024”
- Global Surge Protection Devices (SPDs) Top27Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)
Source: QYResearch, “Global Surge Protection Devices (SPDs) Market Research Report 2024”
The global key manufacturers of Surge Protection Devices (SPDs) include Phoenix, ABB, Emerson, DEHN SE, Siemens, Eaton, Citel, Obo Bettermann, Schneider, ZG, etc. In 2022, the global top five players had a share approximately 27.0% in terms of revenue.
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