Surge Protection Devices Segmentation
Product Type (Plug-in SPD, Hard-Wired SPD, Line Cord SPD, Power Control Center)
The hard-wired SPD is projected to account for 36.5% of the global market share throughout the forecast period. The increasing application of hard-wired surge protection devices in commercial and industrial power distribution panels is contributing to the overall segmental growth. Telecom base stations and mission-critical infrastructure are expected to dominate the sales of hard-wired surge protection devices. The U.S. Department of Energy (DOE) suggests that the whole-building surge protection using hard-wired devices prevents service disruptions. Such recommendations accelerate the sales of hard-wired SPD.
End user (Telecommunications, Industrial Manufacturing, Residential, Commercial Buildings, Data Centers, Utilities & Energy)
The telecommunication segment is estimated to hold 29.8% of the global surge protection devices market by 2037. The robust investments in the 5G infrastructure are anticipated to increase the need for advanced surge protection technologies in the coming years. The telecom companies are investing heavily in next-gen surge protection devices to safeguard small cells, antennas, and networked base stations from lightning. According to the International Telecommunication Union (ITU), SPD deployment in 5G edge networks ensures network uptime and signal continuity. This encourages telecom companies to invest in surge protection devices.
Our in-depth analysis of the surge protection devices market includes the following segments:
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