Global Photovoltaic System SPD Market Growth 2025-2031
Description
The global Photovoltaic System SPD market size is predicted to grow from US$ 3289 million in 2025 to US$ 4330 million in 2031; it is expected to grow at a CAGR of 4.7% from 2025 to 2031.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Photovoltaic system SPD is a surge protection device designed for photovoltaic power generation systems. It is used to prevent transient overvoltage caused by lightning strikes, grid failures or switch operations from damaging photovoltaic equipment. SPD is usually installed at key nodes such as the photovoltaic DC side, AC side and communication interface to effectively protect the safe operation of photovoltaic modules, inverters, junction boxes and control equipment. Photovoltaic systems are mostly located in high altitude, open or mountainous environments and are extremely susceptible to lightning strikes. SPD uses internal voltage-limiting components (such as varistors, gas discharge tubes, etc.) to instantly lead overvoltage to the ground wire, limit the port voltage rise rate, and thus reduce the risk of equipment breakdown.
United States market for Photovoltaic System SPD is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
China market for Photovoltaic System SPD is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Europe market for Photovoltaic System SPD is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Global key Photovoltaic System SPD players cover ABB, Eaton, Littelfuse, Bourns, Schneider Electric, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.
LP Information, Inc. (LPI) ' newest research report, the “Photovoltaic System SPD Industry Forecast” looks at past sales and reviews total world Photovoltaic System SPD sales in 2024, providing a comprehensive analysis by region and market sector of projected Photovoltaic System SPD sales for 2025 through 2031. With Photovoltaic System SPD sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Photovoltaic System SPD industry.
This Insight Report provides a comprehensive analysis of the global Photovoltaic System SPD 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 Photovoltaic System SPD portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Photovoltaic System SPD market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Photovoltaic System SPD 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 Photovoltaic System SPD.
This report presents a comprehensive overview, market shares, and growth opportunities of Photovoltaic System SPD market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
AC Side SPD
DC Side SPD
Segmentation by Application:
Power Distribution Cabinet
Photovoltaic Street Light
Monitoring Equipment
Photovoltaic Wind Power
Others
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
Eaton
Littelfuse
Bourns
Schneider Electric
Mersen
Phoenix Contact
OBO Bettermann
LSP
Havells
nVent ERICO
HAKEL
Novaris
Citel
Zhejiang Benyi New Energy
Zhejiang Geya Electrical
Hangzhou Yizao Technology
Suntree
Guangxi Dikai Technology
Shenzhen Omrdon
Zhejiang Thor Electricity
Yueqing Jiemai Electric
Guangdong ZVSPD
Chengdu Pedaro Technology
Hangzhou e-lord
Zhuhai Leadtop Electronic
Beijing TOWE
Guangdong Ansun
Mindian Electric(MOREDAY)
Shanghai Angtle Electric
Changsha Leilixing Electronic
Guangdong Zhongpeng Lightning Protection Technology
Shenzhen Rex Lightning Protection Technology
Zhejiang Mingguan Electric
Anhui Jinli Electric Tech.
Key Questions Addressed in this Report
What is the 10-year outlook for the global Photovoltaic System SPD market?
What factors are driving Photovoltaic System SPD market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Photovoltaic System SPD market opportunities vary by end market size?
How does Photovoltaic System SPD break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Photovoltaic system SPD is a surge protection device designed for photovoltaic power generation systems. It is used to prevent transient overvoltage caused by lightning strikes, grid failures or switch operations from damaging photovoltaic equipment. SPD is usually installed at key nodes such as the photovoltaic DC side, AC side and communication interface to effectively protect the safe operation of photovoltaic modules, inverters, junction boxes and control equipment. Photovoltaic systems are mostly located in high altitude, open or mountainous environments and are extremely susceptible to lightning strikes. SPD uses internal voltage-limiting components (such as varistors, gas discharge tubes, etc.) to instantly lead overvoltage to the ground wire, limit the port voltage rise rate, and thus reduce the risk of equipment breakdown.
United States market for Photovoltaic System SPD is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
China market for Photovoltaic System SPD is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Europe market for Photovoltaic System SPD is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Global key Photovoltaic System SPD players cover ABB, Eaton, Littelfuse, Bourns, Schneider Electric, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.
LP Information, Inc. (LPI) ' newest research report, the “Photovoltaic System SPD Industry Forecast” looks at past sales and reviews total world Photovoltaic System SPD sales in 2024, providing a comprehensive analysis by region and market sector of projected Photovoltaic System SPD sales for 2025 through 2031. With Photovoltaic System SPD sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Photovoltaic System SPD industry.
This Insight Report provides a comprehensive analysis of the global Photovoltaic System SPD 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 Photovoltaic System SPD portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Photovoltaic System SPD market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Photovoltaic System SPD 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 Photovoltaic System SPD.
This report presents a comprehensive overview, market shares, and growth opportunities of Photovoltaic System SPD market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
AC Side SPD
DC Side SPD
Segmentation by Application:
Power Distribution Cabinet
Photovoltaic Street Light
Monitoring Equipment
Photovoltaic Wind Power
Others
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
Eaton
Littelfuse
Bourns
Schneider Electric
Mersen
Phoenix Contact
OBO Bettermann
LSP
Havells
nVent ERICO
HAKEL
Novaris
Citel
Zhejiang Benyi New Energy
Zhejiang Geya Electrical
Hangzhou Yizao Technology
Suntree
Guangxi Dikai Technology
Shenzhen Omrdon
Zhejiang Thor Electricity
Yueqing Jiemai Electric
Guangdong ZVSPD
Chengdu Pedaro Technology
Hangzhou e-lord
Zhuhai Leadtop Electronic
Beijing TOWE
Guangdong Ansun
Mindian Electric(MOREDAY)
Shanghai Angtle Electric
Changsha Leilixing Electronic
Guangdong Zhongpeng Lightning Protection Technology
Shenzhen Rex Lightning Protection Technology
Zhejiang Mingguan Electric
Anhui Jinli Electric Tech.
Key Questions Addressed in this Report
What is the 10-year outlook for the global Photovoltaic System SPD market?
What factors are driving Photovoltaic System SPD market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Photovoltaic System SPD market opportunities vary by end market size?
How does Photovoltaic System SPD break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
223 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Photovoltaic System SPD by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Photovoltaic System SPD by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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