Global Market Size of Surge Protection Devices Market – 10 Year Market Forecast

Energy & Power

Surge Protection Devices Market Size Forecast 2022-2029

The market value of the global surge protection devices market is estimated to be USD 3.4 billion in 2022 and USD 4.64 billion by 2029, at a CAGR of 5%. The cumulative market size value of the surge protection device market is USD 32 billion during the forecast period of 2022 to 2029. The leading market segment is the European region accounting for the majority of the shares of the surge protection devices market. Dominating the end-user segment of the market is the industrial sector. Over the study period, the line cord type of surge protection device is expected to be the largest by type segment.

Frequently Asked Questions(FAQ)

• What is Global Market Database?

• Global Market Database studies the ongoing trends of the market to procure market forecast factors for surge protection devices market.
• Which end-user is expected to have the biggest market over the forecast period?

• The industrial sector is expected to be the biggest market over the forecast period.
• How is the surge protection devices market segmented by type?

• By type, the surge protection devices market is segmented as hard-wired, plug-in and line cord.
• Is the surge protection devices market expected to witness an increase or decrease in market size?

• The surge protection devices market is expected to witness significant market growth.
• Region wise, which is the largest market for surge protection devices?

• The largest market for surge protection devices is Europe.

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