Commercial Surge Protection Devices Market Analysis

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: