Surge Protective Devices (SPD)
Market
Surge Protective Devices (SPD) Market Scope:
Industry Analysis, Market Size, Growth, Trends Till
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Surge Protective Devices (SPD) Market Size and Growth
The Surge Protective Devices (SPD) market is witnessing significant growth, driven by rising demand for electrical safety and increasing infrastructure investments. The global market size is projected to reach approximately $1.5 billion by 2026, reflecting a CAGR of around 6% due to advancements in technology and increased awareness of electrical hazards.
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Companies Covered
(Covid 19 Impact Covered)
◍ ABB
◍ Eaton
◍ Emersen
◍ Siemens
◍ Schneider Electric
◍ General Electric Company
◍ Littelfuse
◍ Bourns
◍ Advanced Protection Technologies
◍ Belkin International
◍ Leviton Manufacturing Company
◍ Tripp Lite
◍ Panamax
◍ REV Ritter
◍ Raycap Corporation
◍ Phoenix Contact
◍ Hubbell Incorporated
The Surge Protective Devices (SPD) market features key players like ABB, Eaton, and Siemens, which enhance electrical safety across sectors. Companies, including Littelfuse and Schneider Electric, develop innovative SPDs, driving market growth by addressing increased demand for protection against surges in commercial and residential settings.
- ABB: ~$28 billion
- Eaton: ~$21 billion
- Emerson: ~$18 billion
- Siemens: ~$86 billion
- Schneider Electric: ~$36 billion
◍ Legrand
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Market Segmentation
By Application
Residential
Commercial
Industrial
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By Product
Market Growth
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$ X Billion USD
