Aug. 21,2023 (GLOBE NEWSWIRE) -- The Global Surge Protection Devices Market Size accounted for USD 2.8 Billion in 2022 and is projected to achieve a market size of USD 6.1 Billion by 2032 growing at a CAGR of 8.1% from 2023 to 2032.

A surge protector is a device that protects your electronic devices from power surges. Power surges can be caused by several things, such as lightning strikes, power outages, and switching on or off a large appliance. When a power surge occurs, it can cause a sudden increase in voltage that can damage your electronic devices.

Surge Protection Devices Market Statistics and Highlights:

1. Global Surge Protection Devices Market size will hit USD 6.1 billion by 2032, rising from the current value of USD 2.8 billion, registering a CAGR of 8.1% from 2023-2032.

2. North America captured a dominant revenue share of over 38% in 2022.

3. Hardwired SPD accounted for over 43% share among different types in 2022.

4. Rising industrial and commercial installations underpin demand for SPD.

Surge protectors are a relatively inexpensive way to protect your valuable electronic devices from power surges. JLSP SPD is available in various sizes and styles to fit your needs.

For example, it is used as an AC/DC power protector in the transportation and communication industries. There are also DC surge protectors used in wind power and photovoltaic solar energy. In addition to this, there are signal surge protectors for video, wireless TV, and other equipment. Jinli has always adhered to the concept of providing enterprises with the best lightning protection equipment and will be recognized and trusted by more and more enterprises in the future.