Surge Protection Devices Market Analysis

The market is segmented by type into hard-wired, plug-in, and line cord, out of which, the plug-in segment is anticipated to hold the largest share in the global surge protection devices market. This can be accounted to the high suitability of plug-in devices for installation at the origin of the network, and their ability to effectively protect equipment from indirect lightning strikes. Additionally, on the basis of end user, the industrial segment is predicted to acquire the largest share during the forecast period, which can be credited to the increasing requirement for servers, data centers and communication systems in industries. Apart from these, growing applications of industry 4.0 initiative for electric machinery and automobiles to facilitate remote maintenance and diagnostics is also assessed to accelerate growth of the market segment in the coming years.

Our in-depth analysis of the global market includes the following segments:

By Type

Hard-Wired
Plug-In
Line Cord

By Power Rating

Below 10 kA
10 kA–25 kA
Above 25 kA

By End-User

Industrial
Commercial
Residential

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of surge protection devices is assessed at USD 3.28 billion.

Surge Protection Devices Market size was valued at USD 3.11 billion in 2023 and is expected to exceed USD 7.23 billion by 2036, registering over 6.7% CAGR during the forecast period i.e., between 2024-2036. The market growth is driven by increasing demand for protection systems for electronic devices, and rising usage of consumer electronics across the globe.

Asia Pacific industry is likely to dominate majority revenue share by 2036, propelled by increasing emphasis on using clean energy to meet the energy needs, especially in China, Singapore and India.

The major players in the market are ABB, Ltd., Siemens AG, Eaton Corporation, Plc, Schneider Electric, Emerson Electric Company, and others.

Surge Protection Devices Market Analysis