Surge Protection Devices Market Set to Expand, Targeting USD 7.9 Billion by 2032

The surge protection devices market size was valued at USD 3.3 Billion in 2023 and is expected to reach a market size of USD 7.9 Billion by 2032 at a CAGR of 10.2%.

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The surge protection devices market has experienced significant growth in recent years, driven by the increasing demand for protection against voltage fluctuations and transient over voltages across various industries.

With the growing reliance on electronic devices and the proliferation of sensitive equipment in both residential and commercial settings, the need for robust surge protection solutions has become paramount. Factors such as the expanding telecommunications sector, the rise of smart grids, and the increasing adoption of renewable energy sources have further fueled market growth.

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