Commercial Surge Protection Devices Market size was estimated at USD 1.7 billion in 2024 and is expected to surpass USD 3.8 billion by the end of 2037, rising at a CAGR of 6.5% during the forecast period, i.e., 2025-2037. In 2025, the industry size of commercial surge protection devices is estimated at USD 1.8 billion.
The need for commercial surge protection devices across several applications has rapidly increased due to the growth of smart homes and the Internet of Things (IoT). These gadgets shield networked devices, entertainment systems, and smart appliances from power outages, expanding their use in various industrial contexts to safeguard automation equipment, control systems, and vital machinery. Surge protection solutions are becoming increasingly necessary as companies depend on automation and cutting-edge technology.
The increasing demand for smart power strips is an important factor driving the market's expansion. Due to its ability to automatically create timers and schedules and monitor energy consumption, various power strips are in high demand among consumers. Consequently, several businesses are working to offer power strips with Wi-Fi capabilities. For instance, in October 2020, Jasco, unveiled a new range of Enbrighten WiFi smart home devices that aim to connect the house from the inside out and make life easier.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
6.5% |
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Base Year Market Size (2024) |
USD 1.7 billion |
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Forecast Year Market Size (2037) |
USD 3.8 billion |
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Regional Scope |
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Type (Type 1, Type 2, Type 3)
Type 1 segment is expected to capture commercial surge protection devices market share of over 51.5% by 2037. The Type 1 commercial surge protector device line is made to safeguard low-voltage installations against industrial surges and lightning strikes. Alternating Current (AC) networks expose equipment to a variety of unwanted electrical phenomena that might interfere with its functionality, lead to malfunctions, reduce its lifespan, or even destroy it. For instance, in October 2023, Leviton unveiled a new range of Type 1 and Type 2 surge protection panels in the most popular voltage configurations, offering options for a range of uses, including commercial, industrial, and residential.
Product (Hard-Wired, Plug-In, Line Cord, Power Control Devices)
The line cord segment in commercial surge protection devices market is projected to gain a significant share during the forecast period. The use of these devices will be accelerated by stringent regulations and growing awareness of the possible harm that electrical surges can inflict. The business landscape is expected to improve as a result of growing recognition of the significance of lightning protection and the growing integration of these systems into automation and building management systems. By enabling remote control and real-time surge protection monitoring, this integration enhances system resilience overall and offers substantial prospects for industry growth. For instance, in June 2023, Littelfuse, Inc. introduced the Surge Protective Device (SPDN) series in the style of the National Electrical Manufacturers Association (NEMA) to shield equipment from brief overvoltage events that last only a few microseconds, thereby minimizing damage and downtime.
Our in-depth analysis of the commercial surge protection devices market includes the following segments:
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Product |
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Type |
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Power Rating |
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End use |
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Asia Pacific Market Analysis
Asia Pacific capture commercial surge protection devices market is expected to account for revenue share of more than 26.3% by the end of 2037. The market will expand as a result of extensive infrastructure development in tandem with the growing use of cutting-edge technology and the spread of delicate electronic equipment. The increasing demand for advanced surge protection in the region is partly a result of the expanding trend of smart buildings and the incorporation of renewable energy sources. For instance, in October 2019, Kasa Smart from TPLink, integrated with SmartThings, a pioneer in automation and straightforward production techniques for smart homes. Many of Kasa's most well-known smart home appliances are now certified under the Works with SmartThings program and are completely interoperable with SmartThings.
China's growing disposable income is also enabling people to purchase high-end consumer goods like refrigerators, washing machines, and LED TVs, among other things. The regional market is anticipated to increase during the forecast period due to the high customer emphasis on protecting these consumer gadgets.
The demand for commercial surge protection devices in the residential, commercial, and industrial sectors in India is being driven by rising tourism, smart city projects, and building activities. The emphasis on smart manufacturing techniques is a major trend affecting the industry under study. The Government of India set the ambitious goal of raising the manufacturing production contribution to 25% of GDP by 2025 according to IBEF data.
North America Market Analysis
North America commercial surge protection devices market is expected to experience a stable CAGR during the forecast period owing to the high rate of adoption of cutting-edge technology, stringent government laws about electrical safety, and the existence of major market participants. For instance, in April 2024, the Competitive Carriers Association, the leading organization for competitive wireless providers in the US, hosted CCA 2024, where Raycap, a global leader in infrastructure and power protection solutions for the telecom industry, showcased its array of surge protection and cabinet solutions.
The commercial surge protection devices market in the U.S. is expanding steadily due to the growing reliance on sophisticated electronic systems in a variety of industries. The need for these units is further highlighted by the deteriorating power infrastructure and the regularity of weather-related power outages.
The necessity to safeguard delicate electrical systems and equipment against voltage fluctuations has grown in Canada as a result of the country's rapid industrialization and automation technology adoption. Commercial surge protection devices are widely used in industries like manufacturing, chemicals, power, and oil and gas to reduce operational hazards and downtime brought on by surges. For example, to guarantee the efficient operation of motors, pumps, generators, and other vital equipment, oil rigs, refineries, and pipelines depend on hardwired and power control center surge protectors.
Due to the existence of numerous well-known firms, the industry might be characterized as extremely competitive. The market participants' primary tactics include the creation of new products, capacity growth, mergers and acquisitions, strategic alliances, partnerships, and agreements, as well as funding for R&D. Businesses like General Electric Company are concentrating especially on offering surge protectors for wall taps and power strips. Key manufacturers are concentrating on expanding their product portfolios after realizing that product quality is the most important factor in the industry. The main focus of major businesses is on creating complex and inventive products that are the result of intensive research and development.
Here are some leading players in the commercial surge protection devices market:
Author Credits: Dhruv Bhatia
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