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Surge Protection Devices Market Trends

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Report ID: 3740
Published Date: Aug 23, 2024
Report Format: PDF, PPT

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Surge Protection Devices Market Trends

Growth Drivers

Increasing Demand for Protection Systems for Electronic Devices
Rising Usage of Consumer Electronics Across the Globe

Challenges

Availability of Poorly Designed Surge Protection Devices

Surge Protection Devices Market: Key Insights

Base Year	2023
Forecast Year	2024–2036
CAGR	6.7%
Base Year Market Size (2023)	USD 3.11 billion
Forecast Year Market Size (2036)	USD 7.23 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Surge Protection Devices Market Size & Share, Growth Report 2036

Author Credits: Abhishek Verma

Report ID: 3740
Published Date: Aug 23, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of surge protection devices is assessed at USD 3.28 billion.

Surge Protection Devices Market size was valued at USD 3.11 billion in 2023 and is expected to exceed USD 7.23 billion by 2036, registering over 6.7% CAGR during the forecast period i.e., between 2024-2036. The market growth is driven by increasing demand for protection systems for electronic devices, and rising usage of consumer electronics across the globe.

Asia Pacific industry is likely to dominate majority revenue share by 2036, propelled by increasing emphasis on using clean energy to meet the energy needs, especially in China, Singapore and India.

The major players in the market are ABB, Ltd., Siemens AG, Eaton Corporation, Plc, Schneider Electric, Emerson Electric Company, and others.

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