The global Solar Surge Protection Device market size is predicted to grow from US$ 3755 million in 2025 to US$ 5394 million in 2031; it is expected to grow at a CAGR of 6.2% from 2025 to 2031.

Surge Protective Devices (SPDs) provide protection against electrical surges and spikes, including those caused directly and indirectly by lightning. They can be utilized as complete devices or as components within electrical equipment. Photovoltaic (PV) system converts solar energy into direct current electricity.

China has implemented the Renewable Energy Law since 2006, in which Article 4 clearly states that, the State gives first priority to the exploration of renewable energy. Over the years, various departments of the Chinese government have successively issued a large number of policies, covering production, sales, taxation, subsidies and other aspects. After setting the carbon neutrality goal in 2021, from a national perspective, the upgrading of the energy structure is ever imperative, and therefore the optoelectronic industry has great potential. The European Commission released the Net-Zero Industry Act in 2023. This bill aims to stimulate local manufacturing in Europe, reduce import dependence on China, and ensure that at least 40% of the EU"s clean energy demand can be met by 2030. The EU targets an installed solar capacity of 600 GW. Overall, the European market still has a lot of room for development. US 2022 release of the Inflation Reduction Act, which includes $369 billion for energy security and climate change investments. For the photovoltaic industry, the bill stimulates its development from multiple aspects such as corporate and individual tax credits, production subsidies, and loans throughout the industry chain, and revitalizes the domestic manufacturing industry in the United States. Japanese authorities plan to make solar panels mandatory for new residential buildings in Tokyo from 2025 onwards. It is estimated that by 2030, photovoltaic power generation will account for 14%-16% of Japan"s total power generation, and the cumulative installed capacity of photovoltaic systems will be about 117.400 GW.

Infinity Market Research ' newest research report, the ?Solar Surge Protection Device Industry Forecast? looks at past sales and reviews total world Solar Surge Protection Device sales in 2024, providing a comprehensive analysis by region and market sector of projected Solar Surge Protection Device sales for 2025 through 2031. With Solar Surge Protection Device sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Solar Surge Protection Device industry.

This Insight Report provides a comprehensive analysis of the global Solar Surge Protection Device landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Solar Surge Protection Device portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms? unique position in an accelerating global Solar Surge Protection Device market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Solar Surge Protection Device and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Solar Surge Protection Device.

This report presents a comprehensive overview, market shares, and growth opportunities of Solar Surge Protection Device market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:

    Type 1 Surge Protection Device
    Type 2 Surge Protection Device
    Type 1+2 Surge Protection Device
    Others

Segmentation by Application:

    Residential
    Commerical
    Industrial

This report also splits the market by region:

    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.

    ABB
    Littelfuse
    Mersen
    DEHN
    Eaton
    Schneider Electric
    Phoenix Contact
    Raycap
    Prosurge
    HAKEL
    Novaris Pty Ltd
    Havells
    Erico
    Zhejiang Geya Electrical
    Techwin
    Wenzhou Arrester Electric
    Citel
    Shanghai Chenzhu Instrument
    Alion Electric
    YUEQING YRO ELECTRIC

Key Questions Addressed in this Report

What is the 10-year outlook for the global Solar Surge Protection Device market?
What factors are driving Solar Surge Protection Device market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Solar Surge Protection Device market opportunities vary by end market size?
How does Solar Surge Protection Device break out by Type, by Application?