Surge Protection Devices Market Size - By Product, By Technology, By Power Rating, By Application, Growth Forecast, 2026 - 2035

Surge Protection Devices Market Size

According to a recent study by Global Market Insights Inc., the surge protection devices market was estimated at USD 3.9 billion in 2025. The market is expected to grow from USD 4.1 billion in 2026 to USD 7.6 billion by 2035, at a CAGR of 7.1%.

• Growing concerns over equipment reliability along with the rising penetration of sensitive electronics will bolster the industry landscape. Increasing adoption of smart building technologies along with escalating demand for power quality solutions will augment the business scenario.
   
• A surge protection device is an electrical component designed to protect equipment and systems from transient over voltages caused by lightning strikes, power surges, or switching operations. It works by diverting excess voltage away from sensitive circuits to the ground. SPDs are commonly installed in power distribution systems to enhance safety and reliability.
   
• For illustration, in February 2024, KUA introduced a new Surge Protection Program, giving customers the option to safeguard major household appliances from electrical surges. The surge protection device is installed directly on the customer’s electric meter and works by diverting high-energy surges that could enter through power lines, preventing them from reaching home.
   
• Surging integration of renewable energy sources along with ongoing grid modernization initiatives will fuel the business perspective. Rising deployment of EV charging infrastructure along with expanding electric mobility networks will boost the product landscape. Growing emphasis on data center uptime along with escalating hyperscale investments will fortify the industry dynamics.
   
• Increasing focus on compliance standards along with surging demand for IEC and UL-certified devices will strengthen the business landscape. Rising frequency of extreme weather events along with growing lightning-related risks will drive industry growth. Ongoing adoption of solar PV systems along with escalating battery storage installations will bolster the product landscape.
   
• Increasing preference for remote monitoring along with surging interest in predictive maintenance will augment the industry scenario. Rising cost of downtime along with growing concerns over equipment warranty protection will accelerate industry landscape. Expanding telecom and 5G infrastructure along with escalating edge computing deployments will boost the product scenario.
   
• For citation, in December 2025, Phoenix Tailings announced that it has secured USD 1.6 million in funding from the U.S. Department of Energy’s ARPA-E. This funding comes under the RECOVER program, which focuses on reducing U.S. reliance on imported critical minerals by building secure and sustainable domestic supply chains.
   
• The surge protection devices market was valued at USD 3.2 billion in 2022 and grew at a CAGR of approximately 6.0% through 2025. Growing need for cybersecurity in connected assets along with rising demand for surge protection in communication lines will fortify the industry trend. Increasing investments in healthcare facilities along with surging adoption of sensitive medical equipment will bolster the business landscape.
   
• Rising use of power electronics along with growing concerns over harmonics and switching transients will drive the industry scenario. Ongoing adoption of LED lighting systems along with escalating PoE-based architecture will augment product deployment. Growing sustainability targets along with increasing demand for recyclable SPD components will strengthen the business trend.
   
• Rising focus on resilient energy systems along with expanding microgrid deployments will fuel industry dynamics. Increasing compliance with building codes along with surging adoption of coordinated SPD architectures will bolster the business scenario. Growing emphasis on performance transparency along with rising use of surge counters and event logging will boost the business trend.
   

Surge Protection Devices Market Trends

• Many power distribution networks worldwide are operating beyond their intended lifespan, leading to increased vulnerability to voltage fluctuations, switching transients, and insulation breakdowns. These conditions create frequent surge events that can damage sensitive electronic equipment in industrial, commercial, and residential settings.
   
• SPDs provide a cost-effective solution to mitigate these risks by diverting excess energy away from critical circuits, ensuring operational continuity and equipment longevity. The modernization of legacy grids, combined with the growing complexity of interconnected systems, amplifies the need for robust surge protection at service entrances, distribution panels, and point-of-use devices.
   
• For instance, in July 2024, DEHN announced an agreement to acquire parts of ABB’s surge protection business in the U.S., aiming to strengthen its local portfolio and distribution through the Current Technology and Joslyn brands.
   
• Data centers house highly sensitive servers, networking equipment, and storage systems that require uninterrupted power quality to maintain up time and prevent catastrophic failures. Even minor voltage surges can lead to data corruption, hardware damage, and costly outages.
   
• SPDs are being deployed at service entrances, power distribution units (PDUs), and rack-level circuits to shield critical IT infrastructure from transient disturbances caused by grid switching, generator transfers, and lightning strikes. Additionally, the integration of remote monitoring and predictive maintenance features in modern SPDs aligns with data center operators’ focus on reliability and compliance.
   
• For citation, in December 2025, Raycap unveiled the ProTec T2 DCGU 3Y, a pluggable, multi-pole SPD for public and commercial DC fast-charging infrastructure, engineered to meet IEC 61851-23 protection levels and UL 1449 (5th Edition) requirements.
   
• Renewable systems introduce bidirectional power flows and expose electrical networks to unique surge risks, including lightning-induced impulses and inverter switching transients. Solar arrays, wind turbines, and battery storage systems rely on sensitive power electronics that are highly susceptible to overvoltage events.
   
• As governments and corporations pursue aggressive decarbonization targets, renewable installations are expanding rapidly across residential, commercial, and utility-scale projects. This surge in distributed generation amplifies the need for coordinated surge protection strategies at both AC and DC sides of the system.
   

Surge Protection Devices Market Analysis

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• Based on product, the industry is segmented into hard-wired, plug-in, line cord, and power control devices. The plug-in surge protection devices market holds a share of 41.7% in 2025. Growing consumer electronics penetration along with rising awareness of point-of-use protection will fuel the product landscape.
   
• Increasing adoption in residential and small office setups along with escalating demand for cost-effective solutions will bolster the industry scenario. Surging popularity of modular plug-in designs along with ongoing smart home integration will augment the business trend.
   
• For reference, in March 2025, DEHN began in-country production at its new Mooresville, North Carolina site, launching a U.S.-tailored range of lightning and surge protective devices to serve building, energy, and e-mobility applications.
   
• The hard-wired surge protection devices market is set to exceed USD 2 billion by 2035. Surging integration of hard-wired units in renewable energy systems along with ongoing grid modernization will fuel the product landscape. Escalating need for high-energy surge handling along with increasing vulnerability of aging infrastructure will fortify the industry scenario.
   
• The line cord surge protection devices market was valued at USD 619.6 million in 2025. Escalating need for surge protection in portable electronics along with increasing hybrid work culture will fortify the business trend. Expansion of hospitality and retail sectors along with surging demand for adaptable power solutions will sway the product landscape.
   
• For illustration, in October 2025, UL Standards & Engagement issued a revision to UL 1449 (5th Edition), updating SPD safety/performance requirements including coverage up to 1500 Vdc for PV, thereby shaping compliance roadmaps for global SPD vendors.
   
• The power control devices segment market will witness a CAGR of over 6% by 2035. Rising emphasis on energy efficiency along with expanding use of advanced control architectures will strengthen the industry scenario. Ongoing development of hybrid SPD-control systems along with growing interest in predictive maintenance will boost the product landscape.
   

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• Based on technology, the industry is divided into type 1, type 2, and type 3. The type 1 surge protection devices hold a share of 47.8% in 2025 and is set to exceed USD 3.5 billion by 2035. Growing installation of Type 1 SPDs at service entrances along with rising emphasis on lightning protection will bolster the industry landscape.
   
• Increasing adoption in utility-scale projects along with escalating need for high-energy surge handling will augment the business scenario. Surging deployment in industrial facilities along with ongoing modernization of aging grid infrastructure will fuel the product landscape.
   
• For instance, in October 2024, the U.S. DOE announced nearly USD 2-billion in funding to strengthen the nation’s power grid against severe weather, reduce energy costs for communities, and expand capacity to meet growing demand from sectors such as manufacturing, data centers, and electrification.
   
• The type 2 surge protection devices market will witness a CAGR of over 7% by 2035. Ongoing integration with smart building technologies along with growing preference for IoT-enabled monitoring will boost the business scenario. Escalating demand for compliance with building codes along with increasing awareness of surge-related risks will fortify the industry landscape.
   
• The type 3 surge protection devices market was valued at USD 339.3 million in 2025. Growing awareness of surge risks in home offices along with rising preference for compact plug-in devices will bolster the business scenario. Escalating need for surge protection in gaming and entertainment systems along with increasing adoption of high-value appliances will fortify the industry landscape.
   
• Based on application, the industry is divided into residential, commercial, and industrial. The commercial segment holds a share of 42% in 2025 and is set to exceed USD 3 billion by 2035. Increasing investments in retail and hospitality sectors along with escalating demand for uninterrupted operations will augment the business scenario.
   
• Growing deployment of SPDs in office buildings along with rising adoption of sensitive IT equipment will bolster the industry landscape. Surging integration of SPDs in HVAC and lighting systems along with ongoing smart building initiatives will fuel the product landscape.
   
• For reference, in August 2024, the White House announced a USD 2.2 billion investment via the GRIP program to enhance grid resilience and flexibility, with an emphasis on installing surge protection equipment, dynamic line ratings, and self-healing infrastructure across more than 1,000 miles of transmission lines in 18 states.
   
• The residential surge protection devices market will witness a CAGR of over 6.5% by 2035. Growing penetration of smart home devices along with rising adoption of sensitive electronics will bolster the industry landscape. Escalating need for protection against lightning-induced surges along with increasing urban housing density will fortify the industry landscape.
   
• The industrial surge protection devices market was valued at USD 1.1 billion in 2025. Rising emphasis on compliance with building codes along with expanding retrofit activities will strengthen the industry trend. Escalating need for surge resilience in telecom and data networks along with increasing reliance on cloud services will fortify the industry landscape.
   

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• The U.S. dominated the surge protection devices market in North America with around 66.8% share in 2025 and generated USD 527.5 million in revenue. Growing modernization of aging grid infrastructure along with rising investments in smart grid projects will bolster the industry landscape.
   
• Increasing deployment of SPDs in residential and commercial buildings along with escalating adoption of sensitive electronics will augment the business scenario. Surging demand for surge protection in data centers along with ongoing expansion of cloud computing facilities will fuel the product landscape.
   
• The North America surge protection devices market is projected to surge over USD 1.5 billion by 2035. Surging integration of SPDs in commercial complexes along with ongoing development of smart cities will fuel the product landscape. Ongoing deployment of renewable energy projects along with growing emphasis on sustainability targets will boost the business scenario.
   
• For citation, in November 2022, Canada’s CSA Group reaffirmed the national standards CSA C22.2 No. 269.1 and 269.2 covering Type 1 and Type 2 surge protective devices, reflecting government-endorsed regulatory frameworks that mandate SPD compliance and installation requirements nationwide.
   
• The Europe surge protection devices industry is set to grow at a rate of over 6.5% by 2035. Ongoing development of smart grids along with growing preference for remote monitoring solutions will boost the business scenario. Escalating need for surge resilience in industrial automation along with increasing reliance on sensitive electronics will fortify the industry landscape.
   
• The Asia Pacific surge protection devices market holds a share of 36.7% in 2025. Surging integration of SPDs in renewable energy projects along with ongoing expansion of solar and wind installations will fuel the product landscape. Increasing deployment of SPDs in manufacturing hubs along with escalating demand for operational continuity will augment the business scenario.
   
• For illustration, in May 2025, Korea Electric Power (KEPCO) announced plans to invest approximately USD 53.5 billion in expanding and modernizing South Korea’s national power grid by 2038.
   
• The Middle East & Africa surge protection devices market was valued at USD 328.5 million in 2025. Ongoing expansion of telecom networks along with growing reliance on digital infrastructure will boost the business scenario. Escalating need for operational continuity in healthcare and industrial sectors along with increasing vulnerability to lightning strikes will fortify the industry landscape.
   
• The Latin America surge protection devices market will exceed USD 450 million by 2035. Rising emphasis on compliance with safety standards along with expanding focus on energy efficiency will strengthen the industry trend. Surging investments in industrial automation along with ongoing modernization of aging grid infrastructure will fuel the product landscape.
   

Surge Protection Devices Market Share

• The top 5 players in surge protection devices industry are Schneider Electric, ABB, Eaton, Siemens & Emerson Electric contribute around 36% of the market share in 2025. The competitive landscape of the market is characterized by the presence of global and regional players focusing on technological innovation and product diversification.
   
• Schneider Electric is a global leader in electrical distribution and energy management, offering a wide range of surge protection solutions integrated into smart systems. Its strength lies in modular designs, remote monitoring capabilities, and compliance with international standards, making it a preferred choice for residential, commercial, and industrial applications.
   
• ABB focuses on robust surge protection for industrial and infrastructure projects, with products designed for high reliability and easy maintenance. Its portfolio includes solutions for renewable energy systems and automation environments, giving it a strong foothold in sectors requiring advanced electrical safety.
   
• Eaton leverages its expertise in power management to deliver surge protection devices for residential, commercial, and heavy-duty industrial setups. Known for safety features and integration with Eaton’s electrical gear, the company emphasizes reliability and layered protection strategies.
   
• Siemens offers high-performance surge protection devices tailored for utilities, data centers, and large-scale industrial facilities. Its competitive edge comes from advanced diagnostics, high surge ratings, and integration with its SENTRON ecosystem, ensuring comprehensive electrical protection.
   
• Emerson provides surge protection primarily through its SolaHD brand, targeting critical industrial and process environments. Its solutions combine surge suppression with noise filtering, appealing to sectors like manufacturing and water treatment where power quality and reliability are essential.
   

Surge Protection Devices Market Companies

• ABB reported a strong performance in quarter three of 2025, with orders reaching USD 9.14 billion, reflecting a 12% year-over-year increase (9% on a comparable basis). Revenue stood at USD 9.08 billion, up 11%, while income from operations totaled USD 1.66 billion, delivering an 18.3% margin. Operational EBITA was USD 1.74 billion with a margin of 19.2%, and basic EPS surged 29% to USD 0.66, supported by improved profitability and operational efficiency.
   
• GE Vernova posted robust quarter three of 2025 results, recording USD 14.6 billion in orders, up 55% organically, driven by strong equipment demand in Power and Electrification. Backlog expanded by USD 6.6 billion sequentially, supported by equipment and services, while Gas Power equipment backlog grew from 55 GW to 62 GW. Revenue reached USD 10.0 billion, marking a 12% increase (10% organically) across both equipment and service segments.
   
• Eaton achieved record results in quarter two of 2025, reporting EPS of USD 2.51, up 1% year-over-year, while adjusted EPS rose to USD 2.95, an 8% increase from quarter two of 2024. Quarterly sales climbed to USD 7.0 billion, up 11%, driven by 8% organic growth, 2% from acquisitions, and 1% from favorable currency translation.
   

Major players operating in the surge protection devices market are:

• ABB
• Belkin
• Bourns
• Eaton
• Emerson Electric
• GE Vernova
• Havells India
• Hubbell
• Infineon Technologies
• JMV
• Legrand
• Leviton Manufacturing
• Littelfuse
• Maxivolt
• Mersen
• Philips
• Phoenix Contact
• Raycap
• Rockwell Automation
• Schneider Electric
• Siemens
   

Surge Protection Devices Industry News

• In September 2025, Phoenix Contact expanded its Safe Protection Plus portfolio with the launch of Valvetrab US-SPP, a UL-listed surge protection solution tailored for the North American market. Designed to meet NEMA standards, these devices are compatible with all common supply system configurations. Valvetrab US-SPP offers advanced safety and installation features, including replaceable protection modules and modular remote signaling for simplified maintenance.
   
• In September 2025, ABB inaugurated a new manufacturing and R&D facility in Nottingham, UK, dedicated to advancing its Furse earthing and lightning protection solutions. This USD 35 million investment aims to strengthen ABB’s capability to develop and produce cutting-edge technologies that safeguard critical infrastructure from lightning strikes and electrical surges. The facility will support growing demand for reliable protection across sectors such as data centers, commercial buildings, renewable energy installations, and communication and transportation networks.
   
• In March 2025, Emerson announced the release of AMS 6500 ATG version 4.1, an upgraded protection and prediction solution designed to enhance asset reliability and cybersecurity. The latest version introduces improved connectivity and advanced security features, enabling seamless integration with control systems, machinery health platforms, and analytics tools. Unlike traditional protection systems that rely on a single interface, this update supports secure data delivery to multiple external systems, aligning with Emerson’s Boundless AutomationSM vision.
   
• In June 2024, Belkin introduced a new range of surge protection power boards designed to provide customers with reliable protection for their valuable electronics and appliances. Developed by Belkin’s local engineering team in Australia, the lineup addresses the specific needs of regional consumers. This series offers configurations with one, four, six, and eight outlets, delivering protection levels of up to 1800 joules. This launch reinforces Belkin’s commitment to safety, convenience, and performance in everyday power solutions.
   

The surge protection devices market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) and volume (Units) from 2022 to 2035, for the following segments:

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Market, By Product

• Hard-wired
• Plug-in
• Line cord
• Power control devices

Market, By Technology

• Type 1
• Type 2
• Type 3

Market, By Power Rating

• ≤ 50 kA
• > 50 KA to 100 KA
• > 100 KA to 150 KA
• > 150 KA

Market, By Application

• Residential
• Commercial
• Industrial

The above information has been provided for the following regions & countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • Russia
  • UK
  • Italy
  • Spain
  • Netherlands
  • Austria
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • New Zealand
  • Malaysia
  • Indonesia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • Egypt
  • South Africa
  • Nigeria
• Latin America
  • Brazil
  • Argentina