Global Surge Protection Devices Market Size & Outlook
The surge protection devices industry worldwide is expected to reach a projected revenue of US$ 4,883.1 million by 2030. A compound annual growth rate of 6.8% is expected of the worldwide surge protection devices industry from 2024 to 2030.
Revenue, 2023 (US$M)
$3,072.3
Forecast, 2030 (US$M)
$4,883.1
CAGR, 2024 - 2030
6.8%
Report Coverage
Worldwide
Global surge protection devices market, 2017-2030 (US$M)
Related Markets
Global surge protection devices market highlights
- The global surge protection devices market generated a revenue of USD 3,072.3 million in 2023 and is expected to reach USD 4,883.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.8% by 2030.
- In terms of segment, hard-wired accounted for a revenue of USD 1,364.7 million in 2023.
- Plug-in is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 3,072.3 million |
| Market revenue in 2030 | USD 4,883.1 million |
| Growth rate | 6.8% (CAGR from 2023 to 2030) |
| Largest segment | Hard-wired |
| Fastest growing segment | Plug-in |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hard-wired, Plug-in, Line Cord, Power Control Devices |
Other key industry trends
- In terms of revenue, the North America accounted for 38.0% of the global surge protection devices market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 38.3 million by 2030.
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Surge Protection Devices Market Scope
Surge protection devices market segmentation & scope
Others
Surge Protection Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global surge protection devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to surge protection devices market will help companies and investors design strategic landscapes.
hard-wired was the largest segment with a revenue share of 44.42% in 2023. Horizon Databook has segmented the Global surge protection devices market based on hard-wired, plug-in, line cord, power control devices covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Surge Protection Devices Product Outlook (Revenue, USD Million, 2017-2030)
- Hard-wired
- Plug-in
- Line Cord
- Power Control Devices
- Global Surge Protection Devices Type Outlook (Revenue, USD Million, 2017-2030)
- Type 1
- Type 2
- Type 3
- Type 4
- Global Surge Protection Devices Power Rating Outlook (Revenue, USD Million, 2017-2030)
- 0-50 kA
- 50.1-100 kA
- 100.1-200 kA
- 200.1 kA and Above
- Global Surge Protection Devices End Use Outlook (Revenue, USD Million, 2017-2030)
- Commercial Complexes
- Data Center
- Industries & Manufacturing Units
- Medical
- Residential Buildings & Spaces
- Telecommunication
- Transportation
- Others
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Our clientele includes a mix of surge protection devices market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global surge protection devices market , including forecasts for subscribers. This global databook contains high-level insights into Global surge protection devices market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global surge protection devices market statistics, by region, 2017-2030 (US$M)
Top 10 countries: Surge protection devices market size, 2023 (USD Million)
Top 10 countries: Surge protection devices market size, 2023 (USD Million)
Global surge protection devices market, by region, 2023 (US$M)
Related regional statistics
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