Industrial Surge Protection Devices Market Size and Share 2034
Industrial Surge Protection Devices Market Size- By Product, By Type, By Power Rating, By End-use- Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Jul-2025 | Report ID: POAE25121 | Pages: 1 - 255 | Formats*: |
| Category : Power & Energy | |||
Industrial Surge Protection Devices Market Introduction and Overview
According to SPER Market Research, the Global Industrial Surge Protection Devices Market is estimated to reach USD 1743 million by 2034 with a CAGR of 6.58%.
The report includes an in-depth analysis of the Global Industrial Surge Protection Devices Market, including market size and trends, product mix, Applications, and supplier analysis. The global Industrial Surge Protection Devices Market was valued at USD 921.6 million in 2024 and is projected to increase at a compound annual growth rate (CAGR) of 6.58% between 2025 and 2034. The surge protection devices (SPD) market is expected to grow due to the increasing need to safeguard advanced electrical and electronic equipment commonly used in homes and workplaces. Key factors contributing to this demand include the global push for alternative energy initiatives and the rising operational costs caused by poor power quality and frequent equipment breakdowns. Additionally, surge protection devices help lower electricity expenses by minimizing the power usage of connected devices, further supporting market growth in the coming years.
By Product Insights:
The hard-wired segment dominated the surge protection devices market due to its wide use in residential, commercial, and industrial environments. These devices are installed on power lines to safeguard downstream systems from power surges and ensure consistent performance. They are commonly used in lighting circuits, motor controllers, and power distribution systems. The plug-in segment is expected to grow rapidly during the forecast period. Plug-in SPDs are typically installed at network entry points and help protect sensitive electronics like refrigerators and televisions from indirect lightning strikes. Their simplicity and adaptability have made them a popular option among a wide range of users.
By Type Insights:
The type 2 segment led the surge protection devices market, mainly due to its extensive use in industrial and commercial settings. These SPDs are crucial for protecting electrical systems and distribution panels, helping prevent equipment damage and productivity loss. Installed on the load side of main service equipment, type 2 SPDs effectively limit transient voltage and shield sensitive electronics. Meanwhile, the type 1 segment is projected to grow the fastest, driven by the increasing frequency of lightning strikes. Type 1 SPDs safeguard systems in solar power plants, smart grids, irrigation pumps, and agricultural machinery against surges caused by lightning.
By Power Rating Insights:
The 100.1–200 kA segment dominated the surge protection devices market, primarily because it is well-suited for industrial facilities and data center applications. While a higher kA rating doesn't enhance protection levels, it extends the device’s lifespan, making it ideal for environments prone to frequent power surges.
Meanwhile, The 50.1–100 kA segment is expected to register the fastest growth in the market. These SPDs are widely used in residential, commercial, and manufacturing setups, offering a balance of protection and cost-effectiveness. Higher-rated SPDs are typically used in less price-sensitive settings, whereas the 50.1–100 kA range suits most common power protection needs.
By End-use Insights:
In 2024, the industries and manufacturing units segment led the surge protection devices market. The growing use of automation and advanced electronics to boost productivity makes these sectors highly vulnerable to power surges and lightning strikes, which can damage equipment and increase operational costs. As a result, the demand for SPDs is expected to rise to ensure uninterrupted operations and protect sensitive systems. Meanwhile, the commercial complexes segment is projected to grow significantly. Government initiatives like Make in India and Startup India are fueling commercial expansion, leading to increased adoption of SPDs to avoid equipment failure, reduce downtime, and meet regulatory standards.
Regional Insights:
In 2024, North America dominated the surge protection devices market, fueled by strong awareness and the early adoption of advanced technologies. The U.S., in particular, sees substantial electricity usage in residential and commercial sectors and includes states prone to frequent lightning strikes, such as Florida and Louisiana. This increases the need for SPDs to protect electronic appliances from sudden power surges. Asia Pacific is expected to grow at the fastest pace due to rising awareness in countries like China, India, and Japan. Increasing disposable income and demand for premium electronics are further fueling the need for surge protection across the region.
Market Competitive Landscape:
Key players in the industrial surge protection device market are investing heavily in R&D, strategic partnerships, and product innovation to expand their global presence. They focus on delivering cost-effective, reliable solutions to meet the growing demand from industrial sectors worldwide. Some key players are- ABB Ltd., Bourns, Inc., CG Power and Industrial Solutions Limited, Eaton Corporation plc, Emerson Electric Co., General Electric Company, Legrand, Littelfuse, Inc., Schneider Electric, and Siemens.
Recent Developments:
In April 2024, Raycap will showcase its surge protection systems and cabinets at CCA 2024 in Palm Springs, California, an event organized by the Competitive Carriers Association. The company’s solutions will highlight support for competitive telecom carriers, with purpose-built enclosures and cabinets designed to facilitate the development of next-generation connectivity networks. Additionally, Raycap’s industrial surge protectors aim to enhance system reliability, efficiency, and safety.
In October 2023, Emerson completed the acquisition of NI, a prominent developer of software-connected automated test and measurement solutions. This strategic move strengthens Emerson’s position in automation and prepares the company to address industry trends like digital transformation, sustainability, and decarbonization. Through the acquisition, Emerson has strengthened its portfolio with advanced software, control, and smart device technologies.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Product, By Type, By Power Rating, By End-user |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | ABB Ltd., Bourns, Inc., CG Power and Industrial Solutions Limited, Eaton Corporation plc, Emerson Electric Co., General Electric Company, Legrand, Littelfuse, Inc., Schneider Electric, and Siemens. |
- Global Industrial Surge Protection Devices Market Size (FY 2021-FY 2034)
- Overview of Global Industrial Surge Protection Devices Market
- Segmentation of Global Industrial Surge Protection Devices Market By Product (Hard-wired, Plug-in, Line Cord, Power Control Devices)
- Segmentation of Global Industrial Surge Protection Devices Market By Type (Type 1, Type 2, Type 3, Type 4)
- Segmentation of Global Industrial Surge Protection Devices Market By Power Rating (0-50 kA, 50.1-100 kA, 100.1-200 kA, 200.1 kA and Above)
- Segmentation of Global Industrial Surge Protection Devices Market By End-use (Commercial Complexes, Data Center, Industries & Manufacturing Units, Medical, Residential Buildings & Spaces, Telecommunication, Transportation, Others)
- Statistical Snap of Global Industrial Surge Protection Devices Market
- Expansion Analysis of Global Industrial Surge Protection Devices Market
- Problems and Obstacles in Global Industrial Surge Protection Devices Market
- Competitive Landscape in the Global Industrial Surge Protection Devices Market
- Details on Current Investment in Global Industrial Surge Protection Devices Market
- Competitive Analysis of Global Industrial Surge Protection Devices Market
- Prominent Players in the Global Industrial Surge Protection Devices Market
- SWOT Analysis of Global Industrial Surge Protection Devices Market
- Global Industrial Surge Protection Devices Market Future Outlook and Projections (FY 2025-FY 2034)
- Recommendations from Analyst
1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPERs internal database
- 2.1.4. Premium insight from KOLs
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTERs Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
6. Competitive Landscape
- 6.1. Global Industrial Surge Protection Devices Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Industrial Surge Protection Devices Market
7. Global Industrial Surge Protection Devices Market, By Product (USD Million) 2021-2034
- 7.1. Hard-wired
- 7.2. Plug-in
- 7.3. Line Cord
- 7.4. Power Control Devices
8. Global Industrial Surge Protection Devices Market, By Type (USD Million) 2021-2034
- 8.1. Type 1
- 8.2. Type 2
- 8.3. Type 3
- 8.4. Type 4
9. Global Industrial Surge Protection Devices Market, By Power Rating (USD Million) 2021-2034
- 9.1. 0-50 kA
- 9.2. 50.1-100 kA
- 9.3. 100.1-200 kA
- 9.4. 200.1 kA and Above
10. Global Industrial Surge Protection Devices Market, By End-use (USD Million) 2021-2034
- 10.1. Commercial Complexes
- 10.2. Data Center
- 10.3. Industries & Manufacturing Units
- 10.4. Medical
- 10.5. Residential Buildings & Spaces
- 10.6. Telecommunication
- 10.7. Transportation
- 10.8. Others
11. Global Industrial Surge Protection Devices Market, (USD Million) 2021-2034
- 11.1. Global Industrial Surge Protection Devices Market Size and Market Share
12. Global Industrial Surge Protection Devices Market, By Region, (USD Million) 2021-2034
- 12.1. Asia-Pacific
- 12.1.1. Australia
- 12.1.2. China
- 12.1.3. India
- 12.1.4. Japan
- 12.1.5. South Korea
- 12.1.6. Rest of Asia-Pacific
- 12.2. Europe
- 12.2.1. France
- 12.2.2. Germany
- 12.2.3. Italy
- 12.2.4. Spain
- 12.2.5. United Kingdom
- 12.2.6. Rest of Europe
- 12.3. Middle East and Africa
- 12.3.1. Kingdom of Saudi Arabia
- 12.3.2. United Arab Emirates
- 12.3.3. Qatar
- 12.3.4. South Africa
- 12.3.5. Egypt
- 12.3.6. Morocco
- 12.3.7. Nigeria
- 12.3.8. Rest of Middle-East and Africa
- 12.4. North America
- 12.4.1. Canada
- 12.4.2. Mexico
- 12.4.3. United States
- 12.5. Latin America
- 12.5.1. Argentina
- 12.5.2. Brazil
- 12.5.3. Rest of Latin America
13. Company Profile
- 13.1. ABB Ltd.
- 13.1.1. Company details
- 13.1.2. Financial outlook
- 13.1.3. Product summary
- 13.1.4. Recent developments
- 13.2. Bourns, Inc.
- 13.2.1. Company details
- 13.2.2. Financial outlook
- 13.2.3. Product summary
- 13.2.4. Recent developments
- 13.3. CG Power and Industrial Solutions Limited
- 13.3.1. Company details
- 13.3.2. Financial outlook
- 13.3.3. Product summary
- 13.3.4. Recent developments
- 13.4. Eaton Corporation plc
- 13.4.1. Company details
- 13.4.2. Financial outlook
- 13.4.3. Product summary
- 13.4.4. Recent developments
- 13.5. Emerson Electric Co.
- 13.5.1. Company details
- 13.5.2. Financial outlook
- 13.5.3. Product summary
- 13.5.4. Recent developments
- 13.6. General Electric Company
- 13.6.1. Company details
- 13.6.2. Financial outlook
- 13.6.3. Product summary
- 13.6.4. Recent developments
- 13.7. Legrand
- 13.7.1. Company details
- 13.7.2. Financial outlook
- 13.7.3. Product summary
- 13.7.4. Recent developments
- 13.8. Littelfuse, Inc.
- 13.8.1. Company details
- 13.8.2. Financial outlook
- 13.8.3. Product summary
- 13.8.4. Recent developments
- 13.9. Schneider Electric
- 13.9.1. Company details
- 13.9.2. Financial outlook
- 13.9.3. Product summary
- 13.9.4. Recent developments
- 13.10. Siemens
- 13.10.1. Company details
- 13.10.2. Financial outlook
- 13.10.3. Product summary
- 13.10.4. Recent developments
- 13.11. Others
14. Conclusion
15. List of Abbreviations
16. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Industrial Surge Protection Devices Market is projected to reach USD 1743 million by 2034, growing at a CAGR of of 6.58% during the forecast period.
Industrial Surge Protection Devices Market grew in Market size from 2025. The Market is expected to reach USD 1743 million by 2034, at a CAGR of 6.58% during the forecast period.
Industrial Surge Protection Devices Market CAGR of 6.58% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Industrial Surge Protection Devices Market size is USD 1743 million from 2025 to 2034.
Industrial Surge Protection Devices Market is covered By Product, By Type, By Power Rating, By End-user
The North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa is the highest Market share in the Industrial Surge Protection Devices Market.
ABB Ltd., Bourns, Inc., CG Power and Industrial Solutions Limited, Eaton Corporation plc, Emerson Electric Co., General Electric Company, Legrand, Littelfuse, Inc., Schneider Electric, and Siemens.
The report includes an in-depth analysis of the Global Industrial Surge Protection Devices Market, including market size and trends, product mix, Applications, and supplier analysis.
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