Surge Protection Devices Market Size – By Product, By Technology, By Power Rating, By Application, Analysis, Share, Growth Forecast, 2025 – 2034

Surge Protection Devices Market Size

The global surge protection devices market was valued at USD 3.6 billion in 2024 and is estimated to grow at a CAGR of 6.4% from 2025 to 2034. The growing adoption of electronic devices in residential and commercial settings is fueling the business expansion.
 

Surge protection devices referred to as surge suppressors or surge protectors are electrical components designed to safeguard sensitive electronic equipment and appliances from voltage surges or spikes. These surges can result from various factors including lightning strikes, electrical disturbances, or power grid fluctuations within a building's wiring. Increasingly, SPDs are being integrated with energy management systems to deliver a comprehensive solution for enhancing energy efficiency and maintaining power quality.
 

Surge Protection Devices Market Trends

The rise of smart homes and the internet of things has significantly increased the necessity for surge protection devices across a wide range of applications. These devices safeguard entertainment systems, smart appliances, and interconnected devices from the power fluctuations. Robust expansion of industrial settings to protect critical machinery, control systems, and automation equipment will fuel the product penetration. Increasing adoption of automation and advanced technologies in line with the growing need for reliable systems will gain an appreciable momentum.
 

Surge Protection Devices Market Analysis

The plug-in surge protection devices industry will exceed USD 2.5 billion by 2034. Rising disposable incomes coupled with the widespread adoption of electronic devices in homes and businesses, are set to enhance the industry growth prospects. Consumer preference for cost-effective and convenient solutions is expected to further drive the industry growth. Additionally, the growing use of electronic devices across residential, commercial, and industrial sectors is fueling the demand for these solutions to safeguard sensitive equipment from power surges and voltage spikes.
 

The type 1 surge protection device market is anticipated to grow at a CAGR of over 6.5% through 2034. Increasing consumer awareness of the significance of lightning protection along with the growing integration of surge protection into building management and automation systems is shaping a favorable business landscape. This integration enables real-time monitoring and remote control of surge protection measures, enhancing overall system reliability and resilience, accelerating the business potential.
 

The U.S. surge protection devices market is set to surpass USD 800 million by 2034. Evolving regulations and stricter compliance standards for surge protection are driving the industry's growth potential. Increasing consumer preference for eco-friendly, compact and sustainable SPDs is further boosting market adoption. These systems are increasingly integrated into broader home automation ecosystems, enabling homeowners to seamlessly manage them alongside other connected devices, thereby fueling the industry expansion.
 

The growing demand for data centers driven by the expansion of cloud computing and data-intensive applications presents substantial opportunities for business growth across the Asia Pacific. Stringent government regulations addressing electrical safety, voltage fluctuations, and surges are set to strengthen industry dynamics. Additionally, the increasing use of surge protection devices for remote power surge monitoring and real-time power quality data management will accelerate the product adoption.
 

Surge Protection Devices Market Share

The manufacturers in the market are employing a range of strategies to enhance their competitive edge and address evolving consumer needs. Key approaches include investing in research and development to create advanced, eco-friendly, and compact devices that align with sustainability goals. The companies are focusing on integrating surge protection solutions with smart technologies, such as IoT-enabled systems, to offer real-time monitoring and remote management capabilities. Strategic partnerships, mergers, and acquisitions are being leveraged to expand product portfolios and geographic reach.
 

Surge Protection Devices Market Companies

Major players operating in the surge protection devices industry are:

• ABB
• Belkin
• Bourns
• CG Power and Industrial Solutions
• Eaton
• Emerson Electric
• General Electric
• Havells India
• Hubbell
• Infineon Technologies
• JMV
• Legrand
• Leviton Manufacturing
• Littelfuse
• Maxivolt
• Mercen
• Philips
• Phoenix Contact
• Raycap
• Rockwell Automation
• Schneider Electric
• Siemens
   

Surge Protection Devices Industry News

• In April 2024, Raycap showcased its state-of-the-art surge protection systems and custom cabinet solutions at CCA 2024. It is organized by the Competitive Carriers Association and the nation’s foremost advocate for competitive wireless providers. The event will bring together key players from the telecom sector to explore cutting-edge technologies driving network reliability and performance.
   
• In October 2023, Leviton revealed a new range of Type 1 and Type 2 surge protective panels which is designed to deliver enhanced surge protection across residential, commercial and industrial applications. These panels compliant with the 2023 National Electrical Code (NEC) Article 230.67 to provide industry-leading performance with improved environmental ratings. The launch includes the R, P, B, M, and X Series which offers solutions from compact easy-to-install panels for homes to advanced units with LCD screens, surge counting, and performance monitoring for industrial use.
   

This surge protection devices market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume (Units) & revenue (USD Million) from 2021 to 2034, for the following segments:

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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

Market, By Application

• Residential
• Commercial
• Industrial

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
• Latin America
  • Brazil
  • Argentina