Surge Protection Devices Market
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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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2024 |
| Surge Protection Devices Market size in 2024: | USD 3.6 Billion |
| Forecast Period: | 2025 – 2034 |
| Forecast Period 2023 - 2032 CAGR: | 6.4 |
| 2023 Value Projection: | USD 6.6 Billion |
| Historical Data for: | 2021 – 2024 |
| No of Pages: | 140 |
| Tables, Charts & Figures: | 45 |
| Segments Covered: | Product, Technology, Power Rating, Application and Region |
| Growth Drivers: |
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| Pitfalls Challenges: |
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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.
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.
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.
Major players operating in the surge protection devices industry are:
Market, By Product
Market, By Technology
Market, By Power Rating
Market, By Application
The above information has been provided for the following regions and countries:
The U.S. surge protection devices market is set to surpass USD 800 million by 2034, led by evolving regulations, stricter compliance standards, and the rising adoption of eco-friendly and compact SPDs integrated into home automation systems.
The global market for surge protection devices was reached USD 3.6 billion in 2024 and is projected to grow at a 6.4% CAGR from 2025 to 2034, driven by the increasing adoption of electronic devices in residential and commercial sectors.
The market features key players such as 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, and Siemens.
The type 1 surge protection devices market is anticipated to grow at a CAGR of over 6.5% through 2034, fueled by increasing consumer awareness of lightning protection and the integration of surge protection into building management systems.
The plug-in surge protection devices industry is expected to exceed USD 2.5 billion by 2034, supported by rising disposable incomes and the growing demand for cost-effective and convenient solutions.