The global surge protection device 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 % for the forecast period of (2025–2030). The growth is driven by increasing reliance on sensitive electronic equipment, expansion of power infrastructure, and the rise of smart grid and IoT applications across industries. Rapid urbanization and industrialization are heightening the demand for stable and resilient power systems. Also, the growing awareness of power surges’ financial and operational impact on data centers, manufacturing facilities, and commercial buildings is fueling market growth.
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The surge protection device market is undergoing a significant transformation driven by technological advancements and regulatory developments. The integration of Internet of Things (IoT) capabilities into SPDs enables real-time monitoring and proactive maintenance, enhancing protection for sensitive equipment. Artificial intelligence (AI) is being employed to analyze historical surge data, allowing predictive adjustments that optimize protection mechanisms. Innovations in materials science, such as the adoption of silicon carbide (SiC) and gallium nitride (GaN), are improving the thermal stability and reliability of SPDs. Regulatory frameworks, including standards like IEC 61643-11 and UL 1449, are becoming more stringent, compelling manufacturers to invest in research and development to ensure compliance and enhance product performance. These advancements are particularly pertinent in the context of renewable energy systems and electric vehicle infrastructure, where robust surge protection is critical for operational reliability.
In North America, the hard-wired surge protection device segment is expected to dominate the market during the forecast period due to its widespread use in commercial, industrial, and utility-scale electrical systems. These devices offer permanent, high-capacity protection integrated directly into electrical panels, making them ideal for safeguarding critical infrastructure and high-value equipment from power surges and transient voltages. The growing deployment of data centers, smart manufacturing facilities, and renewable energy projects in the U.S. and Canada has significantly increased demand for robust, fixed-installation surge protection devices. Additionally, adherence to national electrical codes such as the NEC (National Electrical Code) further mandates the use of hard-wired SPDs in many new and retrofitted installations, reinforcing their market leadership.
The 10–25kA nominal discharge current segment holds the largest market share in North America due to its optimal balance between performance and cost, making it the preferred choice across commercial, industrial, and utility applications. This current range offers sufficient protection for most power distribution systems against transient overvoltages without the higher cost and bulk associated with devices rated above 25kA. The widespread deployment of moderately sized electrical infrastructure in urban and suburban settings, alongside growing investments in smart buildings, EV charging stations, and renewable energy integration, further supports demand. Also, compliance with evolving North American safety standards such as UL 1449 favors this category, driving its dominance in the regional market.
Top Companies in Surge Protection Devices Market
- ABB (Switzerland)
- Schneider Electric (France)
- Siemens (Germany)
- Eaton (Ireland)
- Emerson Electric Co (US) among others.
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North America presents significant growth opportunities in the surge protection device market, driven by increasing investments in smart grid modernization, renewable energy integration, and expanding data center infrastructure. The rising adoption of electric vehicles (EVs) and associated charging networks also creates demand for advanced surge protection solutions capable of handling complex and high-capacity electrical loads. Additionally, stricter regulatory standards and growing awareness about electrical safety across residential, commercial, and industrial sectors further expand the market potential. Market players can capitalize on these opportunities by focusing on innovation in IoT-enabled and AI-driven SPDs that offer real-time monitoring and predictive maintenance, thereby enhancing system reliability. Strategic partnerships with utility companies, technology providers, and construction firms can accelerate product deployment and customization. Moreover, investing in education and training programs to raise awareness among end-users about the importance of surge protection will help drive adoption and differentiate offerings in this competitive landscape.
