Surge Protection Devices Industry - Regional Synopsis
APAC Market Forecast
The Asia Pacific surge protection devices market is foreseen to capture 37.1% of the global revenue share by 2037. The increasing infrastructure and smart city projects in the region are propelling the demand for advanced surge protection devices. The robust automobile registrations and EV trend are set to accelerate the adoption of surge protection devices in the coming years. The national initiatives aimed at the expansion of grid modernization and clean energy capacity are likely to double the revenues of surge protection device manufacturers during the study period.
China is expected to dominate the sales of surge protection devices during the projected period. The strong presence of raw material producers is supporting the growth of the surge protection devices market. Continuous innovations in semiconductor manufacturing are set to fuel the trade of next-gen surge protection technologies. As per the analysis by the Ministry of Industry and Information Technology (MIIT), the SPD-related investments increased by nearly 28.5% from 2018 to 2023. National programs focused on grid modernization are accelerating the sales of surge protection devices.
The demand for surge protection devices in India is expected to increase at a CAGR of 7.6% between 2025 to 2037. The rising demand for digital technologies is creating a profitable environment for surge protection device manufacturers. According to the analysis by the Ministry of Electronics and Information Technology (MeitY), SPD-related funding increased by 22.4% between 2015 and 2023. This is significantly accelerating the digital infrastructure growth in the country. Furthermore, the boom in EV adoption is drawing the attention of global surge protection device investors.
North America Market Statistics
The North America surge protection devices market is estimated to increase at a CAGR of 5.3% from 2025 to 2037. The increasing investments in the ICT infrastructure expansion are set to create a profitable earning pool for surge protection device manufacturers. The high demand for advanced wireless connectivity networks and supportive broadband expansion initiatives is also expected to fuel the demand for surge protection devices in the years ahead. The digital shift is anticipated to encourage large enterprises and SMEs to invest in advanced surge protection devices.
In the U.S., the growth in data centers and increasing connectivity infrastructure is poised to propel the sales of surge protection devices in the coming years. The supportive government funding is also contributing to the increasing demand for surge protection technologies. The Federal Communications Commission (FCC) states that it invested more than USD 8.9 billion in broadband and network resilience projects in 2023. Such funding moves are aiding surge protection device manufacturers to earn lucrative gains.
The boosting clean energy sector of Canada is estimated to offer high-earning opportunities for surge protection device manufacturers during the study period. The government initiatives promoting the adoption of smart grid systems are also set to accelerate the production and commercialization of surge protection technologies. In 2024, the Innovation, Science and Economic Development (ISED) invested nearly 8.5% of its budget in ICT infrastructure growth. The supportive public spending and initiatives targeting the ICT sector are likely to fuel the sales of innovative surge protection devices in the coming years.
