Global Surge Protection Devices (SPD) Market 2014-2025

The global surge protection devices (SPDs) market is expected to reach USD 3.39 billion by 2025. The high costs incurred due to electrical equipment downtime are expected to surge the demand for these devices over the forecast period.

The global surge protection devices (SPDs) market is expected to reach USD 3.39 billion by 2025. The high costs incurred due to electrical equipment downtime are expected to surge the demand for these devices over the forecast period.

The need for protection against lightning and voltage fluctuations has triggered the implementation of SPDs. These devices are available in various types, which are used in an electrical distribution system depending on location requirements. Surge protection devices also ensure proper functioning of electrical equipment during surges caused lightning strikes. Thus, implementation of SPDs is of prime importance for any business or residential and commercial buildings.

The Asia Pacific region is one of the key regions for outsourcing services, owing to favorable government policies. This has led to a significant growth in the number of data centers across the region. As these data centers store information of high importance to the user, any failure in their functioning, due to downtime caused by an electrical surge, would lead to heavy losses. Moreover, increasing renewable energy generation projects across rural regions are further expected to bolster the use of SPDs.

The rise in disposable income has enabled the adoption of expensive consumer electronic. As these electronic products are subject to regular internal surges, it is essential to safeguard them. Furthermore, in developed regions, the well-established information technology industry is encouraging the use of surge protection devices on a large-scale for protecting electronic hardware such as data servers, desktops, and electrical supply equipment.

Further key findings from the study suggest:

Key Topics Covered:

1 Methodology and Scope

2 Executive Summary

3 Surge Protection Devices Market Industry Outlook

4 Surge Protection Devices: Product Type Outlook

5 Surge Protection Devices: Power rating Outlook

6 Surge Protection Devices: Application Outlook

7 Surge Protection Devices: Regional Outlook

8 Competitive Landscape

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