Surge Protection Devices Market - Forecasts from 2025 to 2030
Description
The surge protection devices market is projected to rise at a 6.00% CAGR, achieving USD 4.179 billion in 2030 from USD 3.124 billion in 2025.
Surge Protection Devices (SPDs) are critical components employed across power supply networks, telephone systems, and communication/control buses to safeguard against transient overvoltages. These surges, or transient voltage spikes, can originate externally from events like lightning strikes or internally from the routine switching of electrical loads, such as motors, heating systems, relays, and office equipment. The absence of proper SPDs can lead to the destruction of sensitive electronic devices and result in costly operational downtime. As the reliance on electrical and electronic equipment grows and utility consumers increasingly demand stable, high-quality power, the role of SPDs in enhancing system dependability becomes paramount. This dynamic, coupled with rising disposable incomes enabling the acquisition of advanced technological equipment, is a primary force propelling the global market for surge protection devices.
The market's growth is characterized by several key segment-specific drivers. A significant trend is the accelerated expansion of the Type 2 SPD segment, largely due to its widespread adoption in industrial and commercial settings. In these environments, the protection of electrical distribution panels and connected equipment is essential, as any damage or power disruption can severely impact productivity and output. The demand in this segment is fostering product innovation, with manufacturers focusing on developing devices that combine a compact form factor with robust capabilities to clamp and withstand high-energy transients, thereby preventing equipment degradation, disruption, and downtime.
Concurrently, the plug-in SPD category has experienced substantial growth over time. These devices are typically deployed at the origin of networks, in intermediate panels, or as point-of-use protection to shield sensitive electrical appliances, such as televisions and refrigerators, from incidental surges. The primary advantage fueling their demand is a user-friendly design that facilitates easy installation without necessarily requiring a qualified electrician. This convenience factor makes plug-in SPDs an accessible solution for a broad consumer base, driving their proliferation.
The residential segment represents another major influencing factor for the SPD market. Power surges are a leading cause of damage to a wide array of household electronics, including HVAC systems, computers, garage door openers, and security systems. Recognizing this vulnerability and the growth in residential electrical consumption, market participants are actively developing new products and enhancing existing ones with integrated features tailored for home surge protection. Innovations include the introduction of surge protective circuit breakers that offer a streamlined solution for integration into home load centers, providing both circuit protection and surge suppression through a single device and featuring diagnostic capabilities to inform homeowners of the device's status.
From a geographical perspective, North America currently leads the global surge protection device market. The region's dominance is underpinned by its extensive and modern electrical infrastructure, high electricity consumption, and a deeply ingrained awareness of the benefits offered by SPDs. North America has a established history of being an early adopter of advanced technological solutions across industrial, commercial, and residential sectors. This mature market landscape is characterized by continuous innovation from domestic manufacturers, who are expanding their portfolios with new SPD configurations designed for specific applications, including HVAC, appliances, and industrial equipment. The combination of high market awareness, a strong culture of technological adoption, and a proactive manufacturing base solidifies North America's position as the largest geographical market for surge protection devices.
Key Benefits of this Report:
Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, and other sub-segments.
Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape future market developments.
Actionable Recommendations: Utilize the insights to exercise strategic decisions to uncover new business streams and revenues in a dynamic environment.
Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.
What do businesses use our reports for?
Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence
Report Coverage:
Historical data from 2022 to 2024 & forecast data from 2025 to 2030
Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis
Competitive Positioning, Strategies, and Market Share Analysis
Revenue Growth and Forecast Assessment of segments and regions including countries
Company Profiling (Strategies, Products, Financial Information, and Key Developments among others.
Segmentation:
SURGE PROTECTION DEVICES MARKET BY TYPE
Type 1
Type 2
Type 3
Type 4
SURGE PROTECTION DEVICES MARKET BY PRODUCT TYPE
Hard-wired
Plug-in
SURGE PROTECTION DEVICES MARKET BY END-USER
Residential
Commercial
Industrial
Data centres
Medical
Others
SURGE PROTECTION DEVICES MARKET BY GEOGRAPHY
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
UAE
Others
Asia Pacific
China
India
Japan
South Korea
Indonesia
Thailand
Others
Surge Protection Devices (SPDs) are critical components employed across power supply networks, telephone systems, and communication/control buses to safeguard against transient overvoltages. These surges, or transient voltage spikes, can originate externally from events like lightning strikes or internally from the routine switching of electrical loads, such as motors, heating systems, relays, and office equipment. The absence of proper SPDs can lead to the destruction of sensitive electronic devices and result in costly operational downtime. As the reliance on electrical and electronic equipment grows and utility consumers increasingly demand stable, high-quality power, the role of SPDs in enhancing system dependability becomes paramount. This dynamic, coupled with rising disposable incomes enabling the acquisition of advanced technological equipment, is a primary force propelling the global market for surge protection devices.
The market's growth is characterized by several key segment-specific drivers. A significant trend is the accelerated expansion of the Type 2 SPD segment, largely due to its widespread adoption in industrial and commercial settings. In these environments, the protection of electrical distribution panels and connected equipment is essential, as any damage or power disruption can severely impact productivity and output. The demand in this segment is fostering product innovation, with manufacturers focusing on developing devices that combine a compact form factor with robust capabilities to clamp and withstand high-energy transients, thereby preventing equipment degradation, disruption, and downtime.
Concurrently, the plug-in SPD category has experienced substantial growth over time. These devices are typically deployed at the origin of networks, in intermediate panels, or as point-of-use protection to shield sensitive electrical appliances, such as televisions and refrigerators, from incidental surges. The primary advantage fueling their demand is a user-friendly design that facilitates easy installation without necessarily requiring a qualified electrician. This convenience factor makes plug-in SPDs an accessible solution for a broad consumer base, driving their proliferation.
The residential segment represents another major influencing factor for the SPD market. Power surges are a leading cause of damage to a wide array of household electronics, including HVAC systems, computers, garage door openers, and security systems. Recognizing this vulnerability and the growth in residential electrical consumption, market participants are actively developing new products and enhancing existing ones with integrated features tailored for home surge protection. Innovations include the introduction of surge protective circuit breakers that offer a streamlined solution for integration into home load centers, providing both circuit protection and surge suppression through a single device and featuring diagnostic capabilities to inform homeowners of the device's status.
From a geographical perspective, North America currently leads the global surge protection device market. The region's dominance is underpinned by its extensive and modern electrical infrastructure, high electricity consumption, and a deeply ingrained awareness of the benefits offered by SPDs. North America has a established history of being an early adopter of advanced technological solutions across industrial, commercial, and residential sectors. This mature market landscape is characterized by continuous innovation from domestic manufacturers, who are expanding their portfolios with new SPD configurations designed for specific applications, including HVAC, appliances, and industrial equipment. The combination of high market awareness, a strong culture of technological adoption, and a proactive manufacturing base solidifies North America's position as the largest geographical market for surge protection devices.
Key Benefits of this Report:
Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, and other sub-segments.
Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape future market developments.
Actionable Recommendations: Utilize the insights to exercise strategic decisions to uncover new business streams and revenues in a dynamic environment.
Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.
What do businesses use our reports for?
Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence
Report Coverage:
Historical data from 2022 to 2024 & forecast data from 2025 to 2030
Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis
Competitive Positioning, Strategies, and Market Share Analysis
Revenue Growth and Forecast Assessment of segments and regions including countries
Company Profiling (Strategies, Products, Financial Information, and Key Developments among others.
Segmentation:
SURGE PROTECTION DEVICES MARKET BY TYPE
Type 1
Type 2
Type 3
Type 4
SURGE PROTECTION DEVICES MARKET BY PRODUCT TYPE
Hard-wired
Plug-in
SURGE PROTECTION DEVICES MARKET BY END-USER
Residential
Commercial
Industrial
Data centres
Medical
Others
SURGE PROTECTION DEVICES MARKET BY GEOGRAPHY
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
UAE
Others
Asia Pacific
China
India
Japan
South Korea
Indonesia
Thailand
Others
Table of Contents
149 Pages
- 1. EXECUTIVE SUMMARY
- 2. MARKET SNAPSHOT
- 2.1. Market Overview
- 2.2. Market Definition
- 2.3. Scope of the Study
- 2.4. Market Segmentation
- 3. BUSINESS LANDSCAPE
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Porter’s Five Forces Analysis
- 3.5. Industry Value Chain Analysis
- 3.6. Policies and Regulations
- 3.7. Strategic Recommendations
- 4. TECHNOLOGICAL OUTLOOK
- 5. SURGE PROTECTION DEVICES MARKET BY TYPE
- 5.
- 1. Introduction
- 5.2. Type 1
- 5.3. Type 2
- 5.4. Type 3
- 5.5. Type 4
- 6. SURGE PROTECTION DEVICES MARKET BY PRODUCT TYPE
- 6.
- 1. Introduction
- 6.2. Hard-wired
- 6.3. Plug-in
- 7. SURGE PROTECTION DEVICES MARKET BY END-USER
- 7.
- 1. Introduction
- 7.2. Residential
- 7.3. Commercial
- 7.4. Industrial
- 7.5. Data centres
- 7.6. Medical
- 7.7. Others
- 8. SURGE PROTECTION DEVICES MARKET BY GEOGRAPHY
- 8.
- 1. Introduction
- 8.2. North America
- 8.2.1. USA
- 8.2.2. Canada
- 8.2.3. Mexico
- 8.3. South America
- 8.3.1. Brazil
- 8.3.2. Argentina
- 8.3.3. Others
- 8.4. Europe
- 8.4.1. Germany
- 8.4.2. France
- 8.4.3. United Kingdom
- 8.4.4. Spain
- 8.4.5. Others
- 8.5. Middle East and Africa
- 8.5.1. Saudi Arabia
- 8.5.2. UAE
- 8.5.3. Others
- 8.6. Asia Pacific
- 8.6.1. China
- 8.6.2. India
- 8.6.3. Japan
- 8.6.4. South Korea
- 8.6.5. Indonesia
- 8.6.6. Thailand
- 8.6.7. Others
- 9. COMPETITIVE ENVIRONMENT AND ANALYSIS
- 9.1. Major Players and Strategy Analysis
- 9.2. Market Share Analysis
- 9.3. Mergers, Acquisitions, Agreements, and Collaborations
- 9.4. Competitive Dashboard
- 10. COMPANY PROFILES
- 10.1. ABB Ltd
- 10.2. Schneider Electric SE
- 10.3. General Electric Company
- 10.4. Legrand SA
- 10.5. Eaton Corporation
- 10.6. Siemens AG
- 10.7. Emerson Electric Co
- 10.8. Vertiv Group
- 10.9. Littelfuse
- 11. APPENDIX
- 11.1. Currency
- 11.2. Assumptions
- 11.3. Base and Forecast Years Timeline
- 11.4. Key Benefits for the Stakeholders
- 11.5. Research Methodology
- 11.6. Abbreviations
- LIST OF FIGURES
- LIST OF TABLES
Pricing
Currency Rates
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