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Commercial Surge Protection Devices Market Size
- Report ID: GMI10661
- Published Date: Aug 2024
- Report Format: PDF
Commercial Surge Protection Devices Market Size
Commercial Surge Protection Devices Market was valued at USD 1.45 billion in 2023 and is estimated to grow at a CAGR of over 6.2% between 2024 and 2032. Increasing reliance on electronic equipment along with the rising occurrence of power surges owing to grid instability & weather-related disruptions will fuel the industry scenario.
Commercial surge protection devices are the essential tools designed to protect electrical equipment in commercial settings from voltage spikes and surges. These devices are crucial in safeguarding sensitive electronics comprising of computers, telecommunications equipment, medical devices and industrial machinery, from damage caused by transient voltage events. SPDs function by channeling excess voltage away from the protected equipment and safely grounding it, which helps prevent disruptions and prolongs the lifespan of valuable electronic devices.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Commercial Surge Protection Devices Market Size in 2023: | USD 1,459.4 Billion |
| Forecast Period: | 2024-2032 |
| Forecast Period 2024-2032 CAGR: | 6.2% |
| 2032 Value Projection: | USD 2,488.8 Million |
| Historical Data for: | 2021-2023 |
| No. of Pages: | 140 |
| Tables, Charts & Figures: | 185 |
| Segments covered: | Product, Technology & Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Commercial Surge Protection Devices Market Scope
