Industrial 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

Industrial Surge Protection Devices Market Size

Industrial Surge Protection Devices Market was valued at USD 864.7 million in 2023 and is likely to register about 6.3% CAGR from 2024 to 2032. The growing dependence on electronic equipment combined with the increasing frequency of power surges owing to grid instability and weather-related disruptions will drive the industry growth.
 

Industrial surge protection devices are critical components designed to safeguard electrical equipment from transient voltage spikes caused by lightning strikes, power surges and switching operations. These devices work by diverting excessive voltage away from sensitive equipment, thereby preventing damage, downtime and potential safety hazards. In industrial settings, where the integrity of electrical systems is paramount, it is essential for protecting valuable assets like motors, transformers and control systems.
 

Industrial Surge Protection Devices Market Trends

The increasing adoption of smart grids along with a growing emphasis on protecting against electrical disturbances is set to drive the industry potential. The industry is experiencing a trend toward integrated solutions that combine surge protection with other energy management functions offering full protection and monitoring capabilities. Additionally, these devices are increasingly being integrated into energy management systems, delivering a holistic approach to energy efficiency and power quality, thereby enhancing the surge protection devices market.
 

Industrial Surge Protection Devices Market Analysis

The type 1 industrial surge protection devices industry will cross over USD 700 million by 2032. Increasing need to protect industrial equipment from voltage spikes and electrical surges will positively impact the business landscape. These devices are essential for safeguarding critical infrastructure in industrial settings, where power surges can lead to costly downtime, equipment damage, and safety hazards. Rising adoption of automation in line with the ongoing expansion of industrial IoT systems will fuel product penetration.
 

The > 50 KA to 100 KA industrial surge protection devices market size will witness growth rate of over 5% through 2032. These SPDs are crucial in safeguarding electrical systems, particularly in sectors such as manufacturing, energy, and telecommunications where downtime owing to electrical failures can be extremely costly. Additionally, the growing awareness of the long-term cost savings associated with preventing surge-related damage is encouraging industries to invest in higher-rated SPDs, stimulating the industry potential.
 

Asia Pacific industrial surge protection devices market is set to surpass USD 550 million by 2032. Rapid industrialization and urbanization coupled with increasing adoption of advanced technologies across a wide tandem of industries will in turn drive the business growth. The growing emphasis on energy efficiency & safety standards along with government initiatives promoting the adoption of surge protection devices in critical industries will further augment the industry landscape.
 

Stringent regulatory standard in line with rising focus toward operational safety will propel the U.S. industrial surge protection devices market. Extensive infrastructural development coupled with the growing adoption of advanced technologies and the widespread use of sensitive electronic equipment is set to drive significant growth in the industry. The aging electricity infrastructure in line with the frequent occurrence of weather-related power disruptions further highlights the critical need for these units.
 

Industrial Surge Protection Devices Market Share

Mercen specializes in surge protection devices designed to safeguard electrical systems from voltage spikes and transients. Its products are engineered to offer reliable protection for a wide range of applications, including residential, commercial, and industrial environments. Its devices are known for their high performance and durability, utilizing advanced technologies to effectively absorb and dissipate excess energy caused by lightning strikes or other electrical disturbances. Their comprehensive range of solutions includes both AC and DC protection, ensuring robust defense against potential damage and enhancing the longevity and reliability of critical electrical equipment.
 

Industrial 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
• Havells
• Hubbell
• Legrand
• Leviton Manufacturing Co., Inc.
• Maxivolt
• Mercen
• Philips
• Raycap
• Rockwell Automation
• Schneider Electric
• Siemens
   

Industrial Surge Protection Devices Industry News

• In April 2024, Raycap will present its surge protection and cabinet solutions portfolio at CCA 2024, hosted by the Competitive Carriers Association in Palm Springs, California. The exhibit, located at Booth #104 in the JW Marriott Desert Springs Resort, will feature innovative solutions for the wireless industry, supporting competitive telecom carriers. Raycap's industrial surge protection products aim to enhance system reliability, efficiency, and safety, while their custom-designed cabinets and enclosures facilitate the seamless build-out of next-generation connectivity networks.
   
• In October 2023, Emerson finalized its acquisition of NI, a prominent provider of software-connected automated test and measurement systems. This strategic move enhances Emerson's position as a leader in automation and expands its capabilities to capitalize on industry trends such as digital transformation, sustainability, and decarbonization. The acquisition of NI brings a valuable portfolio of software, control, and intelligent devices to Emerson.
   

This industrial 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:

Click here to Buy Section of this Report

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

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