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Hard-Wired Commercial Surge Protection Devices Market Trends

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

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Hard-Wired Commercial Surge Protection Devices Market Trends

The industry is transitioning toward integrated solutions that merge surge protection with advanced power management functionalities, enabling superior protection and real-time monitoring, thereby accelerating the business expansion. These devices, when incorporated into energy management systems, offer a holistic approach to optimizing energy efficiency and maintaining power quality further augmenting the industry penetration. Additionally, growing adoption in educational institutions in conjunction with increasing deployment of these units in small and medium-scale establishments, particularly for HVAC systems will drive the demand for commercial surge protection devices.

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.