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Hard-Wired Commercial Surge Protection Devices Market Size

Report ID: GMI12755
Published Date: Dec 2024
Report Format: PDF

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Hard-Wired Commercial Surge Protection Devices Market Size

The global hard-wired commercial surge protection devices market was valued at USD 492.5 million in 2024 and is estimated to grow at a CAGR of 6.1% from 2025 to 2034. The growing need to safeguard sensitive electrical systems from disruptions including equipment failures, data losses, and financial setbacks caused by power surges will strengthen the industry dynamics. Increasing adoption of surge protection devices in data centers and IT infrastructures coupled with the rapid implementation of smart building technologies will bolster the business potential.

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Hard-wired commercial surge protection devices are fixed electrical devices designed to safeguard commercial electrical systems from transient voltage spikes including those caused by lightning strikes, utility grid fluctuations, or internal power surges. The growing emphasis on energy efficiency, coupled with the adoption of eco-friendly surge protection devices (SPDs) that minimize energy consumption will accelerate the industry outlook. Furthermore, the rising incidence of power disruptions due to aging electrical grids, inconsistent electricity supply, and frequent lightning storms will sway the deployment of surge protection devices.

Hard-Wired Commercial Surge Protection Devices Market Report Attributes
Report Attribute	Details
Base Year:	2024
Hard-Wired Commercial Surge Protection Devices Market Size in 2024:	USD 492.5 Million
Forecast Period:	2025 to 2034
Forecast Period 2025 to 2034 CAGR:	6.1%
2034 Value Projection:	USD 882.7 Million
Historical Data for:	2021 – 2024
No. of Pages:	125
Tables, Charts & Figures:	40
Segments covered:	Technology, Power Rating and Region
Growth Drivers:	Robust development of data centers Increasing proportion of renewable energy sources Escalating demand for reliable & continuous electricity
Pitfalls & Challenges:	High initial cost

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Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

The global market for hard-wired commercial surge protection devices was reached USD 492.5 million in 2024 and is projected to grow at a 6.1% CAGR from 2025 to 2034, driven by the increasing need to safeguard sensitive electrical systems from power surges.

The type 1 hard-wired commercial surge protection devices market is expected to exceed USD 400 million by 2034, supported by the rising demand for integrated protection devices with superior voltage clamping and faster response times.

The >150 kA power-rated segment is anticipated to grow at over 6% CAGR through 2034, led by the integration of advanced systems with higher surge current ratings to protect critical assets from electrical disturbances.

The U.S. market is projected to surpass USD 110 million by 2034, fueled by the modernization of grid networks and the increasing use of sensitive electronic equipment in commercial spaces such as servers and medical devices.

Key players in the market include ABB, Belkin, Eaton, Emerson Electric, Hubbell, Infineon Technologies, Intermatic, JMV, Legrand, Littelfuse, Philips, Phoenix Contact, Schneider Electric, Siemens, and Socomec.