Plug-In Industrial Surge Protection Devices Market Size – By Technology, By Power Rating, Analysis, Share, Growth Forecast, 2024 – 2032

Plug-In Industrial Surge Protection Devices Market Size

The global plug-in industrial surge protection devices market was valued at USD 350.7 million in 2023 and is estimated to grow at a CAGR of 6.4% from 2024 to 2032. The rising demand to safeguard sensitive electrical systems in tandem with growing concerns over equipment downtime, and data loss of electrical surges will boost the business growth. Increasing installations of these devices in data centers and IT infrastructure in conjunction with rapid adoption of smart technologies in buildings will elevate the industry landscape.
 

Plug-in industrial surge protection devices are protective units designed to shield industrial equipment from voltage spikes or transient surges in electrical systems. These devices plug directly into electrical outlets or panels, providing a barrier against sudden power surges that could damage sensitive machinery, disrupt operations, or lead to costly downtime. Ongoing deployment of these units in critical facilities including manufacturing facilities, data centers, and other high-stakes industrial settings, thereby proliferating the business dynamics. Additionally, the rising dependence on electronic equipment coupled with the growing frequency of power surges from grid instability will bolster the demand for industrial surge protection devices.
 

Plug-In Industrial Surge Protection Devices Market Trends

The industry is poised for robust growth on account of integrated solutions that merge surge protection with comprehensive energy management functions, offering enhanced protection and monitoring capabilities. Continuous investment toward reliable and efficient protection devices along with rising adoption of advanced automated systems, robotics, and digital controls will encourage the industry outlook. Additionally, growing deployment of smart grids coupled with a heightened focus on safeguarding against electrical disturbances will positively sway the demand for surge protection devices.
 

Plug-In Industrial Surge Protection Devices Market Analysis

The type 1 plug-in industrial surge protection devices will exceed USD 280 million by 2032. The growing demand for comprehensive protection devices coupled with the need for enhanced voltage clamping and faster response times will propel the product penetration. Increasing demand for smart buildings and IoT-driven automation in association with stringent safety regulations and codes will further drive the industry growth. Furthermore, these devices are equipped with enhanced features including digital displays for real-time monitoring, remote notifications for surge events, and built-in diagnostics to assess device performance will proliferate the business scenario.
 

The > 150 kA power rated plug-in industrial surge protection devices market size will showcase about 6% CAGR through 2032. These rated SPDs play a vital role in protecting electrical systems, especially in industries including energy, manufacturing, and telecommunications, where downtime from electrical failures can incur significant costs. Furthermore, increasing focus on energy efficiency and power quality coupled with expansion of renewable energy sources & decentralized power grids will drive the business dynamics.
 

The U.S. plug-in industrial surge protection devices market is set to reach over USD 110 million by 2032. Strict regulatory mandates and surging focus on operational safety coupled with ongoing investment in infrastructure modernization & rising industrial automation will foster the product adoption. The proliferation of advanced technologies and the widespread utilization of sensitive electronic equipment in line with heightened risk of extreme weather events will accelerate the business growth. Moreover, increasing the demand for these devices to protect critical equipment and ensure continuous operation will positively influence the industry penetration.
 

Asia Pacific plug-in industrial surge protection devices market will anticipate substantial growth owing to rapid industrialization and urbanization. Growing emphasis on energy efficiency and safety standards in tandem with government initiatives to promote the use of surge protection devices in critical sectors comprising of manufacturing and construction industries will further enhance the business outlook. Furthermore, increasing focus on reducing operational downtime combined with surging expansion of renewable energy projects in key geographies will complement the industry trends.
 

Plug-In Industrial Surge Protection Devices Market Share

The plug-in industrial surge protection devices industry is highly competitive driven by rapid technological advancements, regulatory compliance needs, and diverse industrial applications. Key players including Legrand, Siemens, ABB, and Eaton compete on innovation, introducing SPDs with faster response times, durability, and IoT integration for predictive maintenance, essential in automated and data-centric environments. Compliance with standards including IEC 61643 and UL 1449 is a differentiator, as industrial clients seek reliable, high-performance SPDs that meet global safety criteria.
 

Plug-In Industrial Surge Protection Devices Market Companies

Major players operating in the plug-in industrial surge protection devices industry are:

• ABB
• Belkin
• Eaton
• Emerson Electric
• General Electric
• Havells
• Honeywell International
• Hubbell
• Infineon Technologies
• JMV
• Legrand
• Leviton
• Philips
• Phoenix Contact
• Raycap
• Schneider Electric
• Siemens
• Socomec
• Weidmuller
• Wenzhou Arrester Electric
   

Plug-In Industrial Surge Protection Devices Industry News

• In May 2024, Phoenix Contact strategically strengthened its North American presence by establishing Phoenix Contact Production S.A. de C.V. in Mexico. This advanced facility covers an area of 20,000 m² and involves an investment of approximately USD 55 million. Production is anticipated to start by the end of 2025. Additionally, the facility is projected to generate around 700 jobs by 2032, benefiting the local economy and enhancing the company's manufacturing capabilities.
   
• In February 2024, ABB acquired SEAM Group, expanding its electrification portfolio in renewable energy, electrical safety, and asset management advisory services. This strategic acquisition addresses the growing market demand for asset modernization and optimization. As a result, ABB is better positioned to offer its clients more efficient, safer, and sustainable operational solutions across various industries.
   

This plug-in industrial surge protection devices market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) & volume (Units) from 2021 to 2032, for the following segments:

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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 countries:

• 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