Surge Protection Devices Market Report 2025 (Global Edition)

Global Surge Protection Devices Market Report 2025 Market Size Split by Type Outlook: (Hard-wired, Plug-in, Line Cord), by Standard Outlook: (Type 1, Type 2, Type 3, Others), by Discharge Current Outl...

Surge Protection Devices Market Report Description

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Competitive Landscape of the Surge Protection Devices Market

The Surge Protection Devices (SPD) market is highly competitive, characterized by the presence of several global and regional players offering diverse solutions tailored to various end-user industries. Key market players include Schneider Electric, Eaton Corporation, ABB Ltd., Siemens AG, and Legrand, which dominate the market through their extensive product portfolios, strong distribution networks, and focus on innovation.

In June 2023, Raycap launched surge protection device for PV power systems and electric vehicle charging stations, ProTec PV Box 7y. It stands out as the most compact three-string solution available in the market, providing a notable advantage when it comes to installing solar panels on rooftops with limited space. What sets it apart is its simplified installation process, allowing for easy string installation without the need for tools, thanks to convenient features like push-in connections, cable bushings, or MC4 connectors. (Source: https://www.raycap.com/surge-protection-for-pv-systems/) In September 2022, Siemens is a German multinational technology conglomerate, introduced Sivacon S8 low-voltage switchboard with integrated surge protection. It optimizes plant availability and minimizes risks. (Source: https://www.siemens.com/global/en/products/energy/low-voltage/systems/s8-power-distribution-boards.html)

Top Companies Market Share in Surge Protection Devices Industry: (In no particular order of Rank)

• ABB Ltd.
• General Electric Company
• Schneider Electric
• Eaton Corporation plc
• Legrand
• Emerson Electric Co.
• Siemens
• CG Power and Industrial Solutions Limited
• Littelfuse Inc.
• Bourns Inc
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Surge Protection Devices Market

Which Region Dominates the Surge Protection Devices Market in 2024?

According to Cognitive Market Research, North America dominates the Surge Protection Devices market due to its advanced infrastructure and high adoption of smart technologies. The region has a well-established power grid and a significant presence of data centers, both of which require robust surge protection systems to ensure operational reliability.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is the fastest-growing region in the Surge Protection Devices market due to rapid urbanization, industrialization, and infrastructure development. The region's expanding construction activities, particularly in emerging economies like China and India, drive the demand for SPDs to protect advanced electrical systems.

The current report Scope analyzes Surge Protection Devices Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Surge Protection Devices

According to Cognitive Market Research, the global Surge Protection Devices market size was estimated at USD 3142.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 1257.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Surge Protection Devices market with a market size of USD 991.77million in 2024 and is projected to grow at a CAGR of 5.2%during the forecast period. The U.S. market's increasing demand for electrical safety and reliability across residential, commercial, and industrial sectors.
• The Canada Surge Protection Devices market had a market share of USD 150.84million in 2024 and is projected to grow at a CAGR of 6.2%during the forecast period. Canada’s increasing demand for electrical safety and reliability across residential, commercial, and industrial sectors.
• The Mexico Surge Protection Devices market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 114.39million in 2024.

Europe Surge Protection Devices

According to Cognitive Market Research, the global Surge Protection Devices market size was estimated at USD 3142.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 942.75 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.

• The United Kingdom Surge Protection Devices market had a market share of USD 158.38million in 2024 and is projected to grow at a CAGR of 6.5%during the forecast period. In the UK, Surge Protection Devices sales witness an upswing due to the increasing industrial automation, urbanization.
• The France Surge Protection Devices market is projected to witness growth at a CAGR of 4.9%during the forecast period, with a market size of USD 86.73million in 2024.
• According to Cognitive Market Research, the German Surge Protection Devices market size was valued at USD 186.66million in 2024 and is projected to grow at a CAGR of 5.9%during the forecast period. In Germany, Surge Protection Devices surged due to the increasing industrial automation, urbanization.
• The Italy Surge Protection Devices market is projected to witness growth at a CAGR of 5.1%during the forecast period, with a market size of USD 81.08million in 2024.
• The Russia Surge Protection Devices market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 146.13million in 2024.
• The Spain Surge Protection Devices market is projected to witness growth at a CAGR of 4.8%during the forecast period with a market size of USD 77.31million in 2024
• The Luxembourg Surge Protection Devices market is projected to witness growth at a CAGR of 5.8%during the forecast period, with a market size of USD 29.23million in 2024.
• The Portugal Surge Protection Devices market is projected to witness growth at a CAGR of 5.5%during the forecast period, with a market size of USD 19.80million in 2024.
• The Greece Surge Protection Devices market is projected to witness growth at a CAGR of 6.0%during the forecast period, with a market size of USD 11.31 million in 2024.
• The Rest of Europe's Surge Protection Devices market is projected to witness growth at a CAGR of 4.4%during the forecast period, with a market size of USD 146.13million in 2024.

Asia Pacific Surge Protection Devices

According to Cognitive Market Research, the global Surge Protection Devices market size was estimated at USD 3142.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 722.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Surge Protection Devices market size was valued at USD 325.25million in 2024 and is projected to grow at a CAGR of 6.9%during the forecast period. Surge Protection Devices surged in China due to industrialization, urban expansion, and the increasing reliance on electronic infrastructure.
• The Japan Surge Protection Devices market is projected to witness growth at a CAGR of 7.7%during the forecast period, with a market size of USD 99.74million in 2024.
• The India Surge Protection Devices market had a market share of USD 86.73million in 2024 and is projected to grow at a CAGR of 9.2%during the forecast period. India's industrialization, urban expansion, and the increasing reliance on electronic infrastructure.
• The South Korean Surge Protection Devices market is projected to witness growth at a CAGR of 8.3%during the forecast period, with a market size of USD 72.28million in 2024.
• The Australian Surge Protection Devices market is projected to witness growth at a CAGR of 8.9%during the forecast period, with a market size of USD 37.58million in 2024.
• The South East Asia Surge Protection Devices market is projected to witness growth at a CAGR of 10.2%during the forecast period, with a market size of USD 49.87million in 2024.
• The Rest of Asia Pacific Surge Protection Devices market is projected to witness growth at a CAGR of 9.0%during the forecast period, with a market size of USD 51.32million in 2024.

South America Surge Protection Devices

According to Cognitive Market Research, the global Surge Protection Devices market size was estimated at USD 3142.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 157.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Surge Protection Devices market size was valued at USD 67.25million in 2024 and is projected to grow at a CAGR of 5.4%during the forecast period. Surge Protection Devices flourished in Brazil due to increasing reliance on technology, expanding industrial sectors, and a heightened focus on electrical safety.
• Argentina's Surge Protection Devices market had a market share of USD 26.40 million in 2024 and is projected to grow at a CAGR of 7.5%during the forecast period. Argentina's increasing reliance on technology, expanding industrial sectors, and a heightened focus on electrical safety.
• Colombia Surge Protection Devices market is projected to witness growth at a CAGR of 6.4%during the forecast period, with a market size of USD 13.98million in 2024.
• Peru Surge Protection Devices market is projected to witness growth at a CAGR of 6.8%during the forecast period, with a market size of USD 12.88million in 2024.
• Chile Surge Protection Devices market is projected to witness growth at a CAGR of 6.9%during the forecast period, with a market size of USD 11.31million in 2024.
• The Rest of Latin America's Surge Protection Devices market is projected to witness growth at a CAGR of 5.7%during the forecast period, with a market size of USD 25.30million in 2024.

Middle East Surge Protection Devices

According to Cognitive Market Research, the global Surge Protection Devices market size was estimated at USD 3142.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 62.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.9% from 2024 to 2031..

• The GCC Countries Surge Protection Devices market is projected to witness growth at a CAGR of 7.7%during the forecast period, with a market size of USD 26.90million in 2024. Surge Protection Devices sales flourish due to the rapid urbanization, increasing infrastructure development.
• The Egypt Surge Protection Devices market is projected to witness growth at a CAGR of 5.4%during the forecast period, with a market size of USD 6.60million in 2024.
• The South Africa Surge Protection Devices market is projected to witness growth at a CAGR of 7.9%during the forecast period, with a market size of USD 9.93million in 2024. Surge Protection Devices sales flourished in South Africa due to rapid urbanization, increasing infrastructure development.
• The Turkey Surge Protection Devices market is projected to witness growth at a CAGR of 6.4%during the forecast period, with a market size of USD 5.41million in 2024.
• The Nigeria Surge Protection Devices market is projected to witness growth at a CAGR of 6.0%during the forecast period, with a market size of USD 6.60million in 2024.
• The Rest of the MEA Surge Protection Devices market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 7.42million in 2024.

Surge Protection Devices Market Analysis

How are Segments Performing in the Global Surge Protection Devices Market?

Surge Protection Devices Market Type Segment Analysis

According to Cognitive Market Research, Hard-wired surge protection devices dominate the market due to their extensive application in industrial and commercial sectors. These devices are directly installed into electrical systems, providing comprehensive protection for critical equipment and large-scale operations. Hard-wired SPDs are ideal for safeguarding infrastructure against high-energy transient surges, making them essential in facilities like factories, hospitals, and data centers.

Plug-in surge protection devices are the fastest-growing segment, driven by their affordability, ease of use, and suitability for residential and small-scale commercial applications. These devices are portable, require no professional installation, and offer flexible protection for individual appliances like televisions, computers, and home entertainment systems. The rise in IoT-enabled smart home devices and consumer electronics has significantly boosted the demand for plug-in SPDs.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Surge Protection Devices Industry. Request a Free Sample PDF!

Surge Protection Devices Market Standard Segment Analysis

According to Cognitive Market Research, Type 2 surge protection devices dominate the market due to their versatility and widespread use in residential, commercial, and industrial applications. These devices are installed at the main distribution board, offering protection against both external power surges and internal transient overvoltages caused by electrical equipment. Type 2 SPDs ensure system reliability and safeguard a wide range of appliances and infrastructure.

Type 3 surge protection devices are the fastest-growing segment, primarily due to their compact size and suitability for point-of-use applications. Designed to protect specific appliances, these devices are often used in residential settings to safeguard electronics such as computers, televisions, and kitchen appliances. The increasing penetration of IoT devices and smart home technologies has fueled the demand for Type 3 SPDs.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Surge Protection Devices Discharge Current Outlook: Segment Analysis

Surge Protection Devices Market Discharge Current Segment Analysis

According to Cognitive Market Research, The 51 KA to 200 KA discharge current segment dominates the Surge Protection Devices market due to its optimal balance between capacity and application versatility. These devices are widely used in commercial and industrial facilities to protect electrical systems and equipment from medium to high transient voltage surges. Their robust performance and ability to handle significant surges make them ideal for critical infrastructure such as manufacturing plants, data centers, and hospitals.

The Above 200 KA discharge current segment is the fastest-growing category, driven by increasing demand for high-capacity surge protection in heavy industrial applications. These SPDs are designed to handle extreme transient voltage surges, making them indispensable in energy-intensive sectors such as oil and gas, power generation, and large-scale manufacturing. As industries adopt advanced electrical systems and automation technologies, the need for robust surge protection with higher discharge capacities is surging.

• Less Than 50 KA
• 51 KA to 200 KA
• Above 200 KA

Surge Protection Devices Application Outlook: Segment Analysis

Surge Protection Devices Market Application Segment Analysis

According to Cognitive Market Research, The industrial segment dominates the Surge Protection Devices market due to the critical need to protect sensitive and high-value equipment from power surges in manufacturing plants, energy facilities, and data centers. Industrial operations rely heavily on uninterrupted power supply and complex electrical systems, making surge protection essential to prevent costly downtime and equipment damage.

The residential segment is the fastest-growing application category, fueled by the increasing penetration of consumer electronics, smart home devices, and IoT technologies. Modern homes are equipped with a wide array of electronic appliances that are highly susceptible to voltage fluctuations, driving the demand for surge protection solutions. Rising awareness of electrical safety, coupled with affordable and easy-to-install surge protection devices, has encouraged widespread adoption in residential settings.

• Industrial
• Commercial
• Residential

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Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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