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Lucintel Forecasts The Global Surge Protection Device Market To Reach $5 Billion By 2030
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 $5 billion by 2030 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 global 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.
Download sample by clicking on surge protection device market.
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 helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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