Asia Pacific Surge Protection Device Market Size – By Product (Hard-Wired, Plug-In, Line Cord, Power Control Devices), By Technology (Type 1, Type 2, Type 3), By Power Rating, By Application, By Country Outlook & Forecast, 2024 – 2032

Asia Pacific Surge Protection Device Market Size

Asia Pacific Surge Protection Device Market was valued at USD 1.24 billion in 2023 and is estimated to grow at a CAGR of over 6.3% between 2024 and 2032. The rising frequency of power surges, lightning strikes, power grid fluctuations, and electrical faults along with increasing demand to protect sensitive electrical and electronic equipment will foster the industry growth. The rising use of electronic devices across homes, businesses, and industries coupled with ongoing investment in renewable energy projects including wind and solar will augment the business scenario.
 

A surge protection device is a device designed to protect electrical equipment from voltage spikes and power surges. Rapid urbanization growth and expansion of industrial facilities in line with growing requirement of safety & reliability of power supplies will stimulate the industry outlook. Continuous advancement in these technologies comprising of higher energy handling capacity, improved response times, and enhanced durability in association with increasing complexity of modern electrical systems will energize the demand of surge protection devices.
 

Asia Pacific Surge Protection Device Market Trends

The industry is experienced substantial growth owing to the expansion of smart homes and incorporation of IoT systems. Growing adoption of these devices to safeguard smart appliances, entertainment systems, and interconnected devices from power fluctuations will drive the business growth. Additionally, increasing demand of these units to protect critical machinery, control systems, and automation equipment combined with efficient and reliable solutions will positively sway the business outlook.
 

Asia Pacific Surge Protection Device Market Analysis

The type 1 surge protection device market will exceed over USD 1 billion by 2032. Increasing awareness of lightning protection along with surging integration in building management and automation systems will influence the market growth. This type of surge protection is designed to protect electrical installations from high-energy surges, typically caused by direct lightning strikes or major power disturbances. Moreover, rising incidence of extreme weather events in conjunction with robust adoption of renewable energy solutions will proliferate the favorable business scenario.
 

The commercial surge protection device market size will project a notable growth of over 6% through 2032, on account of the rapid expansion of commercial sectors including retail, office buildings, healthcare facilities, and educational institutions. Growing adoption of advanced automation systems in line with robust protection against power surges to ensure continuous operation and data integrity will augment the industry dynamics.
 

China surge protection device market is set to surpass USD 700 million by 2032. Burgeoning demand for large scale infrastructure projects and ongoing urbanization coupled with robust development of smart cities and transportation networks will energize the industry landscape. Rising need of smart grid infrastructure including integration of advanced communication and control technologies in line with robust demand for electrical component which ensures stability & efficiency will escalate the industry outlook.
 

Japan surge protection device industry is set for substantial growth driven by the emphasis on energy-efficient systems and the integration of renewable energy sources in the power grid. The Japanese government has enforced strict regulations and standards for electrical safety in both residential and commercial sectors will encourage the adoption of these systems. Furthermore, growing need for retrofitting and upgrading electrical systems compliance with modern standards coupled with enhance protection and ensure compliance with current safety standards will boost the business landscape.
 

Asia Pacific Surge Protection Device Market Share

ABB is one of the leading providers of devices and solutions, offering a comprehensive range of products designed to safeguard electrical systems and equipment from transient over voltages. The company develops and manufactures a diverse array of surge protection devices tailored to various applications and industries. ABB offers a wide range of products to protect against transient over voltages caused by lightning strikes, switching operations, or other disturbances.
 

Asia Pacific Surge Protection Device Market Companies

The key industry players include:

• ABB
• Cape Electric Pvt Ltd.
• CG Power and Industrial Solutions Limited
• Eaton
• Emerson Electric
• General Electric
• GEYA Electrical Equipment Supply
• Havells India Ltd.
• Hubbell
• Infineon Technologies AG
• JMV
• Legrand
• Littelfuse, Inc.
• Philips
• Rockwell Automation
• Schneider Electric
• Shenzhen Techwin Lightning Technologies Co., Ltd.
• Siemens
   

Asia Pacific Surge Protection Device Industry News

• In April 2023, Schneider Electric, marked a significant milestone with the groundbreaking ceremony for its new state-of-the-art manufacturing plant in Kolkata. The establishment of this new factory underscores Schneider Electric's commitment to enhancing its manufacturing capabilities and strengthening its power systems vertical. The plant will focus on contributing to the company's goal of expanding its capacity and meeting the growing demand for energy management solutions.
   
• In January 2022, Eaton finalized its acquisition of Royal Power Solutions, a manufacturer specializing in high-precision electrical components. This strategic move by Eaton aims to bolster its portfolio and position the company to capitalize on electrification trends across various high-growth markets. Royal Power Solutions' expertise lies in producing electrical connectivity components utilized in electric vehicles, energy management systems, industrial applications, and mobility solutions.
   

This Asia Pacific surge protection device market research report includes in-depth coverage of the industry with estimates & forecast in terms of “000 Units” & “USD Million” from 2021 to 2032, for the following segments:

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Market, By Product

• Hard-wired
• Plug-in
• Line cord
• Power control devices

Market, By Technology

• Type 1
• Type 2
• Type 3

Market, By Power Rating

• ≤ 50 kA
• > 50 KA to 100 KA
• > 100 KA to 150 KA
• > 150 KA

Market, By Application

• Residential
• Commercial
• Industrial

The above information has been provided for the following countries:

• China
• Japan
• South Korea
• India
• Australia
• New Zealand
• Malaysia
• Indonesia