Commercial Surge Protection Devices Market Size

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.