MARKET INSIGHTS The global LED Shunt Protection Device Market size was valued at US$ 394.8 million in 2024 and is projected to reach US$ 672.5 million by 2032, at a CAGR of 8.03% during the forecast period 2025-2032. LED Shunt Surge Protection Devices (SPDs) are critical components designed to protect LED lighting systems from voltage spikes and transient surges. These devices work by diverting...