Global Solar Photovoltaic SPD Market Growth 2026-2032
Description
The global Solar Photovoltaic SPD market size is predicted to grow from US$ 3079 million in 2025 to US$ 4030 million in 2032; it is expected to grow at a CAGR of 4.0% from 2026 to 2032.
Solar photovoltaic SPD is a protective device designed for solar power generation systems to prevent lightning strikes and power surges from damaging the system. It protects inverters, controllers, batteries and other key components by quickly responding and absorbing or shunting overvoltage. With a millisecond response time, it can detect and handle overvoltage in a very short time, effectively preventing equipment damage. With a multi-level protection design, it provides comprehensive protection from power input to output, ensuring that every part of the system is fully protected. SPD ensures the long-term stable operation of the system and reduces the risk of failure caused by lightning strikes and power surges.
United States market for Solar Photovoltaic SPD is estimated to increase from US$ million in 2025 to US$ million by 2032, at a CAGR of % from 2026 through 2032.
China market for Solar Photovoltaic SPD is estimated to increase from US$ million in 2025 to US$ million by 2032, at a CAGR of % from 2026 through 2032.
Europe market for Solar Photovoltaic SPD is estimated to increase from US$ million in 2025 to US$ million by 2032, at a CAGR of % from 2026 through 2032.
Global key Solar Photovoltaic 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 2025.
LP Information, Inc. (LPI) ' newest research report, the “Solar Photovoltaic SPD Industry Forecast” looks at past sales and reviews total world Solar Photovoltaic SPD sales in 2025, providing a comprehensive analysis by region and market sector of projected Solar Photovoltaic SPD sales for 2026 through 2032. With Solar Photovoltaic SPD sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Solar Photovoltaic SPD industry.
This Insight Report provides a comprehensive analysis of the global Solar Photovoltaic 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 Solar Photovoltaic SPD portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Solar Photovoltaic SPD market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Solar Photovoltaic 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 Solar Photovoltaic SPD.
This report presents a comprehensive overview, market shares, and growth opportunities of Solar Photovoltaic 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:
Residential
Commercial
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
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 Solar Photovoltaic SPD market?
What factors are driving Solar Photovoltaic SPD market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Solar Photovoltaic SPD market opportunities vary by end market size?
How does Solar Photovoltaic SPD break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Solar photovoltaic SPD is a protective device designed for solar power generation systems to prevent lightning strikes and power surges from damaging the system. It protects inverters, controllers, batteries and other key components by quickly responding and absorbing or shunting overvoltage. With a millisecond response time, it can detect and handle overvoltage in a very short time, effectively preventing equipment damage. With a multi-level protection design, it provides comprehensive protection from power input to output, ensuring that every part of the system is fully protected. SPD ensures the long-term stable operation of the system and reduces the risk of failure caused by lightning strikes and power surges.
United States market for Solar Photovoltaic SPD is estimated to increase from US$ million in 2025 to US$ million by 2032, at a CAGR of % from 2026 through 2032.
China market for Solar Photovoltaic SPD is estimated to increase from US$ million in 2025 to US$ million by 2032, at a CAGR of % from 2026 through 2032.
Europe market for Solar Photovoltaic SPD is estimated to increase from US$ million in 2025 to US$ million by 2032, at a CAGR of % from 2026 through 2032.
Global key Solar Photovoltaic 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 2025.
LP Information, Inc. (LPI) ' newest research report, the “Solar Photovoltaic SPD Industry Forecast” looks at past sales and reviews total world Solar Photovoltaic SPD sales in 2025, providing a comprehensive analysis by region and market sector of projected Solar Photovoltaic SPD sales for 2026 through 2032. With Solar Photovoltaic SPD sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Solar Photovoltaic SPD industry.
This Insight Report provides a comprehensive analysis of the global Solar Photovoltaic 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 Solar Photovoltaic SPD portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Solar Photovoltaic SPD market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Solar Photovoltaic 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 Solar Photovoltaic SPD.
This report presents a comprehensive overview, market shares, and growth opportunities of Solar Photovoltaic 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:
Residential
Commercial
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
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 Solar Photovoltaic SPD market?
What factors are driving Solar Photovoltaic SPD market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Solar Photovoltaic SPD market opportunities vary by end market size?
How does Solar Photovoltaic SPD break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
206 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 Solar Photovoltaic 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 Solar Photovoltaic SPD by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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