PUBLISHER: Lucintel | PRODUCT CODE: 1386555
PUBLISHER: Lucintel | PRODUCT CODE: 1386555
Thyristor Surge Protection Devices (TSPD) Trends and Forecast
The future of the global thyristor surge protection devices (TSPD) market looks promising with opportunities in the industrial, power distribution, commercial, and residential markets. The global thyristor surge protection devices (TSPD) market is expected to reach an estimated $1.75 billion by 2030 with a CAGR of 10.0% from 2024 to 2030. The major drivers for this market are increasing demand for TSPDs in industrial and power distribution applications and increasing awareness of the importance of surge protection.
A more than 150-page report is developed to help in your business decisions.
Thyristor Surge Protection Devices (TSPD) by Segment
The study includes a forecast for the global thyristor surge protection devices (TSPD) by type, application, and region.
Thyristor Surge Protection Devices (TSPD) Market by Type [Shipment Analysis by Value from 2018 to 2030]:
Thyristor Surge Protection Devices (TSPD) Market by Application [Shipment Analysis by Value from 2018 to 2030]:
Thyristor Surge Protection Devices (TSPD) Market by Region [Shipment Analysis by Value from 2018 to 2030]:
List of Thyristor Surge Protection Devices (TSPD) Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies thyristor surge protection devices (TSPD) companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the thyristor surge protection devices (TSPD) companies profiled in this report include-
Thyristor Surge Protection Devices (TSPD) Market Insights
Lucintel forecasts that low is expected to witness highest growth over the forecast period due to wide range of applications, including industrial, commercial, and residential applications.
Within this market, industrial will remain the largest segment due to wide range of applications, such as motor control, power electronics, renewable energy, and oil and gas.
North America is expected to witness highest growth over the forecast period due to an early adopter of advanced technologies and increasing awareness about the benefits of surge protection.
Features of the Global Thyristor Surge Protection Devices (TSPD) Market
Market Size Estimates: Thyristor surge protection devices (TSPD) market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Thyristor surge protection devices (TSPD) market size by type, application, and region in terms of value ($B).
Regional Analysis: Thyristor surge protection devices (TSPD) market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the thyristor surge protection devices (TSPD) market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the thyristor surge protection devices (TSPD) market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q.1 What is the thyristor surge protection devices (TSPD) market size?
Answer: The global thyristor surge protection devices (TSPD) market is expected to reach an estimated $1.75 billion by 2030.
Q.2 What is the growth forecast for thyristor surge protection devices (TSPD) market?
Answer: The global thyristor surge protection devices (TSPD) market is expected to grow with a CAGR of 10.0% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the thyristor surge protection devices (TSPD) market?
Answer: The major drivers for this market are increasing demand for TSPDs in industrial and power distribution applications and increasing awareness of the importance of surge protection.
Q4. What are the major segments for thyristor surge protection devices (TSPD) market?
Answer: The future of the thyristor surge protection devices (TSPD) market looks promising with opportunities in the industrial, power distribution, commercial, and residential markets.
Q5. Who are the key thyristor surge protection devices (TSPD) market companies?
Answer: Some of the key thyristor surge protection devices (TSPD) companies are as follows:
Q6. Which thyristor surge protection devices (TSPD) market segment will be the largest in future?
Answer: Lucintel forecasts that low is expected to witness highest growth over the forecast period due to wide range of applications, including industrial, commercial, and residential applications.
Q7. In thyristor surge protection devices (TSPD) market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to an early adopter of advanced technologies and increasing awareness about the benefits of surge protection.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.