According to new report, The global surge protection devices market is estimated to be valued at USD 2.98 billion in 2025 and is projected to reach USD 3.95 billion by 2030, growing at a CAGR of 5.8% during the forecast period.

The surge protection devices market is expected to grow significantly due to the rising adoption of sensitive electronic equipment and the increasing occurrence of power surges and lightning strikes. Growing investments in smart grids and renewable energy infrastructure drive demand for advanced surge protection solutions.

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Key Market Players

• ABB (Switzerland)
• Schneider Electric (France)
• Siemens (Germany)
• Eaton (Ireland)
• Emerson Electric Co (US) among others.

By technology, Type 2 segment is expected to dominate the market during the forecast period.

The Type 2 segment of the surge protection devices market is expected to dominate the market during the forecast period due to its widespread use as the primary defense against transient overvoltages in residential, commercial, and industrial settings. Type 2 SPDs, installed at distribution boards, provide the best possible balance between protection capacity and affordability, enabling the protection of internal electrical circuits and associated equipment. Because of their simplicity of installation and compliance with international safety standards such as IEC 61643, they have been widely adopted in both developed and emerging markets. Also, the growing need for constant power in smart offices, homes, and industrial automation systems reinforces their market dominance and speeds up their deployment.

By end user, data centers is projected to witness the fastest growth rate in the surge protection devices market during the forecast period.

The data centers segment within the surge protection devices market is projected to be the most rapidly growing end user segment during the forecast period as cloud computing, digital services, and edge computing infrastructure are being deployed at a rapid pace globally. Data centers contain extremely important electronic equipment that needs uninterrupted clean power with zero downtime, and any surge protection device or power disturbances can cause expensive service interruptions or loss of data. Power disturbances, surges, and transient voltages can all be serious threats to the operations in these facilities, and surge protection has been made a high priority for data center operators. Also, as hyperscale and colocation facilities are being built at an increasing rate across emerging markets, along with strict compliance requirements for power quality and system reliability, there is increased demand for high-performance SPDs in this segment.

By nominal discharge current, 10–25 kA is anticipated to dominate the surge protection devices market during the forecast period.

The 10–25 kA nominal discharge current segment is expected to be the fastest-growing segment of the surge protection devices market during the forecast period, balancing performance and cost for applications in residential, commercial, and light industrial settings where moderate surge events are anticipated, this growing demand due to increasing smart home, office automation, and mid-scale industrial equipment is complemented by global safety standards that include SPDs in their requirements and utility needs on both new and existing electrical installations.

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Asia Pacific is expected to be the fastest-growing region in the surge protection devices market during the forecast period.

During the forecast period, Asia Pacific is projected to be the fastest-growing region in the surge protection devices market, as countries such as China, India, Japan, Australia, and the Rest of Asia Pacific witnessed rapid urbanization, industrialization, and expanding infrastructure that demand reliable power systems for growing populations, digital economies, and investments in data centers, manufacturing, and smart city projects. Frequent power fluctuations, an unstable grid infrastructure in some areas, and increased incidences of lightning strikes also contribute to the surge protection device (SPD) market across Asia-Pacific. In addition, government initiatives to upgrade energy infrastructure and growing residential and commercial development are expected to increase demand for SPDs across the region.