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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.
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.
Who are the major players in the hard-wired commercial surge protection devices market?
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.
What trends are influencing the U.S. hard-wired commercial surge protection devices market growth?
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.
What is the growth outlook for >150 kA power-rated hard-wired commercial surge protection devices?
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.
Why is the demand for type 1 hard-wired commercial surge protection devices rising?
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.
How big is the hard-wired commercial surge protection devices market?
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.