Commercial Surge Protection Devices 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 Regional Outlook & Forecast, 2024 – 2032

Commercial Surge Protection Devices Market Size

Commercial Surge Protection Devices Market was valued at USD 1.45 billion in 2023 and is estimated to grow at a CAGR of over 6.2% between 2024 and 2032. Increasing reliance on electronic equipment along with the rising occurrence of power surges owing to grid instability & weather-related disruptions will fuel the industry scenario.
 

Commercial surge protection devices are the essential tools designed to protect electrical equipment in commercial settings from voltage spikes and surges. These devices are crucial in safeguarding sensitive electronics comprising of computers, telecommunications equipment, medical devices and industrial machinery, from damage caused by transient voltage events. SPDs function by channeling excess voltage away from the protected equipment and safely grounding it, which helps prevent disruptions and prolongs the lifespan of valuable electronic devices.
 

Commercial Surge Protection Devices Market Trends

Growing adoption of smart grids coupled with shifting consumer focus toward the protection against electrical disturbances will drive the surge protection devices market. The industry is witnessing a shift towards integrated solutions that combine surge protection with other power management functions, offering comprehensive protection and monitoring capabilities. Moreover, these devices are gradually being integrated into energy management systems, providing a complete approach to energy efficiency and power quality, accelerating the industry potential.
 

Commercial Surge Protection Devices Market Analysis

The line cord commercial surge protection devices industry will exceed over USD 400 million by 2032. The rising awareness of the potential damage caused by electrical surges coupled with stringent regulatory standards will propel the adoption of these devices. Growing awareness of the importance of lightning protection, along with the increasing integration of these systems into automation systems and building management is set to enhance the business landscape. This integration facilitates remote control and real-time monitoring of surge protection, thereby improving overall system resilience and presenting significant opportunities for industry expansion.
 

The type 2 commercial surge protection devices market size is set to grow at a CAGR of over 5.5% from 2024 to 2032. These devices are designed to safeguard against medium-level transient over voltages, are becoming essential in commercial settings where the reliability and longevity of equipment are crucial. The rise in commercial infrastructure development along with the proliferation of sensitive electronic systems in sectors including healthcare, telecommunications and data centers will escalate the business growth.
 

Asia Pacific commercial surge protection devices market is set to surpass USD 800 million by 2032. Extensive infrastructural development in line with increasing adoption of advanced technologies and the proliferation of sensitive electronic equipment will escalate the business scenario. The rising trend of smart buildings and the integration of renewable energy sources also contribute to the growing need for sophisticated surge protection in the region. Moreover, government initiatives to enhance power quality and stability along with stringent regulatory standards will energize the industry dynamic.
 

The U.S. commercial surge protection devices (SPDs) market is characterized by steady growth driven by the increasing dependence on advanced electronic systems across various sectors. The aging power infrastructure and the frequent occurrence of weather-related power disturbances further underscore the necessity for these units. Additionally, the implementation of stringent regulatory standards and guidelines by organizations including the National Electrical Manufacturers Association (NEMA) and the Occupational Safety and Health Administration (OSHA) drives the product penetration.
 

Commercial Surge Protection Devices Market Share

Havells is a renowned multinational company specializing in a wide range of electrical and power distribution equipment. Among its diverse product portfolio, the company offers high-quality surge protection devices designed to safeguard electrical systems and sensitive electronics from voltage spikes and transient surges. These SPDs are engineered to provide reliable protection by diverting excess voltage away from connected devices, thus preventing potential damage. Its solutions are known for their durability, efficiency, and adherence to international safety standards. They are suitable for various applications, including residential, commercial, and industrial settings, ensuring uninterrupted operation and longevity of electrical and electronic equipment.
 

Commercial Surge Protection Devices Market Companies

The key industry players include:

• ABB
• Belkin
• Bourns, Inc.
• CG Power and Industrial Solutions Limited
• Eaton
• Emerson Electric Co.
• General Electric
• GEYA Electrical Equipment Supply
• Havells
• Hubbell
• Infineon Technologies AG
• Intermatic Incorporated
• JMV
• Legrand
• Leviton Manufacturing Co., Inc.
• Littelfuse, Inc.
• Maxivolt
• Mercen
• Philips
• Phoenix Contact
• Raycap
• Rockwell Automation
• Schneider Electric
• Siemens
   

Commercial Surge Protection Devices Industry News

• In August 2023, Eaton decided to invest an amount of USD 500 million in its North American operations and manufacturing to support rapidly growing demand for its electrical solutions. The company's decision to expand its capacity aims to boost the supply of critical power distribution equipment, supporting infrastructure projects across various industries. This expansion focuses on enhancing manufacturing facilities for switchboards and switchgear, which serve as the power backbone for customers throughout the world.
   
• In October 2023, Leviton introduced a new line of surge protective panels compliant with the latest NEC requirements. These panels offer multi-tiered protection and improved performance for residential, commercial, and industrial applications. With Type 1 and Type 2 variants, they ensure comprehensive defense against power surges from the service panel to the point of use. The lineup includes models with outdoor ratings and advanced features like LCD screens, catering to diverse needs. Leviton's innovation aligns with evolving regulatory standards and provides enhanced safety for electrical installations.
   

This commercial surge protection devices 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
• > 200 KA

The above information has been provided for the following regions and country:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • Russia
  • UK
  • Italy
  • Spain
  • Netherlands
  • Austria
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • New Zealand
  • Malaysia
  • Indonesia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • Egypt
  • South Africa
  • Nigeria
  • Kuwait
  • Oman
• Latin America
  • Brazil
  • Peru
  • Argentina