The global Surge Protection Device (SPD) market was valued at 2124.86 Million USD in 2021 and will grow with a CAGR of 3.9% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

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 Protection Devices (SPD) industry is developing with fierce competition. Phoenix is the world leading manufacturer in global Surge Protection Devices (SPD) market with the market share of 6.66%, in terms of revenue, followed by ABB, Emerson, Siemens, Eaton, Schneider, ZG, Citel, General Electric, Mersen Electrical, Littelfuse, nVent, Philips, LEIAN, MVC-Maxivolt, Leviton, Raycap, HPXIN, Legrand, MIG, MCG Surge Protection, Hubbell, Tripp Lite, KEANDA, and JMV. These 25 companies accounted for 42% of the revenue market share in 2019. Asia-Pacific is the largest consumption regions, occupied about 77.23% of market share in 2019, in terms of volume.

By Market Verdors:

Phoenix

ABB

Emerson

Siemens

Eaton

Schneider

ZG

Citel

General Electric

Mersen Electrical

Littelfuse

nVent

Philips

LEIAN

MVC-Maxivolt

Leviton

Raycap

HPXIN

Legrand

MIG

MCG Surge Protection

Hubbell

Tripp Lite

KEANDA

JMV

By Types:

Power Type SPD

Signal Type SPD

By Applications:

Construction

Communication

Electric Power

Transportation

Oil and Gas

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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