Surge Protection Devices Market Size, Share & Forecast Report - 2025 to 2030

The global surge protection devices market size was valued at over USD 3 billion in 2024 and anticipated to register a significant CAGR of around 6% during the forecast period from 2025 to 2030. The increasing use of electric and electronic appliances in the both residential and commercial sectors is a primary factor to drive the market growth. Furthermore, the rapid growth in industrialization, power fluctuation issues, and raising awareness for surge protection devices is further anticipated to boost the market. Moreover, the demand for surge protection devices (SPDs) is anticipated to increase during the forecast period due to climate change and subsequent increases in lightning incidents.

Market Outlook:

Industry Trends Shaping the Surge Protection Devices Market:

The surge protection devices market is witnessing strong growth, driven by the rising adoption of sensitive electronic equipment across residential, commercial, and industrial sectors. The increasing frequency of power surges caused by grid fluctuations, lightning strikes, and growing renewable energy integration is fueling demand for reliable surge protection. Moreover, the rapid expansion of smart homes, data centers, and industrial automation systems is creating a greater need for advanced SPDs to safeguard expensive electronics and ensure operational continuity. Governments and regulatory bodies are also emphasizing electrical safety standards, further encouraging the installation of surge protection systems in both new and existing infrastructure.

Another key trend shaping the market is the technological shift toward more compact, intelligent, and IoT-enabled surge protection devices. Manufacturers are increasingly focusing on developing SPDs with remote monitoring, predictive maintenance capabilities, and higher energy-handling capacity to cater to modern power systems. The rise of electric vehicles (EVs), 5G infrastructure, and smart grids is also boosting adoption, as these systems require stable and protected power supply. Additionally, sustainability and energy efficiency are becoming central, with eco-friendly designs and longer product lifespans gaining traction. Collectively, these trends indicate a strong growth trajectory for the SPD market, with innovation and regulatory support acting as key accelerators.

Surge Protection Devices Market Key Drivers:

• Increasing demand for electronic devices: The rapid proliferation of electronic devices, both in residential and commercial settings, is a major driving factor for the surge protection devices market. With the increasing reliance on electronic devices such as computers, televisions, smartphones, and appliances, the risk of electrical surges damaging these devices also increases. Surge protection devices help safeguard sensitive electronic equipment from voltage spikes and power surges, ensuring their proper functioning and prolonging their lifespan.
• Growing awareness of electrical safety: There is a growing awareness of the importance of electrical safety and the potential risks associated with power surges. Electrical surges can occur due to lightning strikes, utility grid fluctuations, or internal electrical system issues. Surge protection devices play a crucial role in protecting electrical systems and devices from these surges, preventing damage, fires, and potential hazards. The increasing awareness of electrical safety drives the demand for surge protection devices.
• Technological advancements and increasing sophistication of electronic devices: Technological advancements and the increasing sophistication of electronic devices have led to higher sensitivity to power fluctuations. Modern electronics are often more vulnerable to electrical surges, as even small voltage spikes can cause significant damage. Surge protection devices have evolved to meet the specific requirements of advanced electronic devices, offering improved surge protection and compatibility with various technologies. The need for enhanced surge protection drives the market for surge protection devices.
• Growth in industrial and commercial infrastructure: The expansion of industrial and commercial infrastructure, including manufacturing facilities, data centers, office buildings, and healthcare facilities, is driving the demand for surge protection devices. These environments typically house critical and sensitive electronic equipment, where the risk of power surges can lead to production downtime, data loss, and financial losses. Surge protection devices are essential to protect valuable equipment and ensure uninterrupted operations in such environments.
• Increasing frequency of lightning strikes and natural disasters: Lightning strikes and natural disasters, such as storms and hurricanes, can cause electrical surges that can damage electrical systems and devices. With the increasing frequency and intensity of these events, the need for surge protection devices becomes more prominent. Surge protection devices, particularly those designed to protect against lightning-induced surges, are in high demand in areas prone to such natural disasters.
• Stringent safety standards and regulations: Safety standards and regulations set by government authorities and industry organizations emphasize the need for surge protection in electrical systems. Compliance with these standards and regulations is crucial for ensuring the safety of electrical installations and equipment. Surge protection devices that meet the required safety standards and provide reliable surge protection are increasingly sought after to comply with regulations and safeguard against potential liabilities.
• Expansion of renewable energy systems: The expansion of renewable energy systems, such as solar and wind power, also drives the surge protection devices market. Renewable energy systems are susceptible to voltage fluctuations and electrical surges due to their reliance on variable energy sources. Surge protection devices are essential components in these systems to protect the equipment, inverters, and other components from surges caused by grid fluctuations or lightning strikes.
• Increasing focus on data protection and cybersecurity: In the era of digital transformation, data protection and cybersecurity have become critical concerns for businesses and individuals. Power surges can damage sensitive data storage devices, servers, and networking equipment, leading to data loss and security breaches. Surge protection devices play a crucial role in protecting data centers, IT infrastructure, and networking equipment from electrical surges, ensuring data integrity and minimizing the risk of cyber threats.

Future Opportunities Shaping the Surge Protection Devices Market’s Evolution:

The surge protection devices market presents significant opportunities as global dependence on electronics and digital infrastructure continues to expand. The rapid growth of data centers, cloud computing, and Industry 4.0 technologies has created a heightened need for uninterrupted power and reliable equipment protection, opening lucrative avenues for SPD manufacturers. Emerging economies, particularly in Asia-Pacific, are investing heavily in urbanization, renewable energy projects, and smart grid development, all of which require surge protection to ensure stability and safeguard infrastructure. The rising adoption of electric vehicles (EVs) and charging stations also offers a fast-growing application area, as these systems are highly sensitive to power fluctuations.

In addition, the increasing shift toward smart homes and IoT-connected devices provides a major opportunity for compact and intelligent SPDs that can integrate with building management systems. Companies that develop innovative solutions with remote monitoring, predictive analytics, and compliance with evolving international safety standards are well-positioned to capture this expanding demand. Furthermore, government initiatives promoting electrical safety and infrastructure modernization create a favorable regulatory environment, encouraging large-scale deployments across residential, commercial, and industrial sectors. These opportunities highlight a market primed for innovation, with advanced, eco-friendly, and digitally integrated surge protection solutions expected to lead the next phase of growth.

Market Segment Insights:

The global surge protection devices market is bifurcated into type, power rating, end-use, and geography. On the basis of type, the market is further segmented into hard-wired, plug-in, line cord, and power control devices. In the terms of revenue, the hard-wired segment is accounted to hold the largest market of around half of the market in 2024. The hard-wired surge protection device is one of the most convenient solution for reliable operation and extended performance. In contrast, the plug-in segment is expected to grow at the fastest growth rate over the forecast period.

On the basis of end-use, the market is further segmented into commercial complexes, industries & manufacturing, medical, residential buildings, and others. The industrial and manufacturing segment dominated the global surge protection devices market in 2024 and accounted to hold s major market share of around one-third percent of the market. With the advent of industry 4.0, the use of electronic equipment and the necessity for protection systems have been increased which is a major factor driving the segment growth.

The surge protection devices comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2025 to 2030. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

Surge Protection Devices Market Segmentation:

By Type:

• Hard-wired
• Plug-in
• Line Cord
• Power Control Devices

By Power Rating:

• 0-50 kA
• 1-100 kA
• 1-200 kA
• 1 kA and Above

By End-Use:

• Commercial Complexes
• Data Center
• Industries & Manufacturing
• Medical
• Residential Buildings
• Telecommunication
• Transportation
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Geographic Coverage: North America Leads the Surge Protection Devices Market

Geographically, North America dominated the global surge protection devices market in 2020 and accounted to hold the largest revenue share of over one-third share of the market. The early adoption of new technologies and the rising awareness coupled with the benefits associated with the SPDs are some major factors to drive the market growth in the region. On the other hand, the Asia Pacific is expected to grow at a fast growth rate over the forecast period due to the increasing demand for consumer electronics. Furthermore, the increasing disposable income per capita and the rising awareness to protect consumer electronics such as washing machines, refrigerators, etc, are expected to fuel the market growth in the Asia Pacific over the forecast period.

Competition Assessment:

Some of the major players operating in the global surge protection devices market are ABB, Ltd., Siemens AG, Schneider Electric SE, General Electric, and Eaton Corporation, Plc. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

• ABB, Ltd.
• Siemens AG
• Schneider Electric SE
• General Electric
• Eaton Corporation, Plc.
• Emerson Electric Co.
• Legrand SA
• Littelfuse, Inc.
• Tripp Lite
• Vertiv Group Corp.

Key Questions Answered by Surge Protection Devices Market Report

• Global surge protection devices market forecasts from 2025-2030
• Regional surge protection devices market forecasts from 2025-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2025-2030 covering 15 major countries from the aforementioned regions
• Surge protection devices submarket forecasts from 2025-2030 covering the market by type, by power rating, by end-use, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis pertaining to market
• Analysis of the key factors driving and restraining the growth of the global, regional and country-level markets from 2025-2030
• Competitive Landscape and market positioning of top 10 players operating in the market