The global market for Surge Protection Devices (SPDs) was estimated at US$5.6 Billion in 2024 and is projected to reach US$7.9 Billion by 2030, growing at a CAGR of 5.7% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Surge Protection Devices (SPDs) market.
Global Surge Protection Devices (SPDs) Market - Key Trends & Drivers Summarized
What Innovations Are Shaping the SPD Market?
The Surge Protection Devices (SPDs) market has seen significant innovations, enhancing the protection and reliability of electrical systems. Modern SPDs incorporate advanced materials and technologies to provide superior protection against voltage spikes and transient surges. Innovations such as hybrid SPDs combine the advantages of different protection technologies, offering comprehensive surge protection. The integration of smart monitoring systems allows for real-time tracking of SPD performance and the health of electrical systems. Additionally, advancements in thermal disconnect mechanisms improve the safety and longevity of SPDs by preventing overheating and potential failures. These innovations ensure robust protection for sensitive electronic equipment and critical infrastructure.How Are Different Sectors Benefiting from Advanced SPDs?
Different sectors benefit significantly from the deployment of advanced SPDs, enhancing the protection and reliability of their electrical systems. In the industrial sector, SPDs protect sensitive machinery and control systems from voltage spikes, reducing downtime and maintenance costs. The telecommunications industry relies on SPDs to safeguard critical communication infrastructure, ensuring uninterrupted services. In the commercial and residential sectors, SPDs protect electronic devices and appliances from power surges, extending their lifespan and preventing damage. The healthcare industry benefits from SPDs by ensuring stable power supply to essential medical equipment, enhancing patient safety and operational efficiency. These benefits highlight the importance of advanced SPDs in maintaining the reliability and safety of electrical systems across various sectors.Why Is Safety a Major Focus in SPD Development?
Safety is a major focus in the development of SPDs, driven by the need to protect electrical systems and prevent equipment damage and fire hazards. Modern SPDs incorporate advanced safety features such as thermal disconnect mechanisms and fault indicators to prevent overheating and ensure reliable operation. The use of high-quality materials and robust design standards enhances the durability and performance of SPDs under extreme conditions. Compliance with international safety standards and certifications further assures the reliability and effectiveness of SPDs in protecting electrical systems. The emphasis on safety aligns with the broader goals of mitigating risks associated with power surges and ensuring the protection of critical infrastructure and electronic devices.What Are the Key Drivers of Market Growth?
The growth in the SPD market is driven by several factors. Technological advancements in SPD design and materials enhance protection and reliability, meeting the increasing demand for robust surge protection solutions. The rising prevalence of voltage spikes and transient surges due to increasing use of electronic devices and complex electrical systems fuels the need for effective SPDs. The expansion of industries such as telecommunications, healthcare, and manufacturing drives the demand for reliable surge protection to safeguard critical infrastructure and sensitive equipment. Regulatory requirements and safety standards further propel the adoption of advanced SPDs. Additionally, the growing emphasis on protecting electronic devices and infrastructure from power surges aligns with the development and deployment of innovative SPDs. These factors collectively drive the dynamic and rapidly evolving surge protection devices market.SCOPE OF STUDY:
The report analyzes the Surge Protection Devices (SPDs) market in terms of units by the following Segments, and Geographic Regions/Countries:- Segments: Type (Plug-In, Hard-Wired, Line Cord, Power Control Devices); End-Use (Industries & Manufacturing Units, Commercial, Construction, Data Centers, Medical, Other End-Uses)
- Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Plug-In segment, which is expected to reach US$1.2 Billion by 2030 with a CAGR of a 10.4%. The Hard-Wired segment is also set to grow at 5.1% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $1.5 Billion in 2024, and China, forecasted to grow at an impressive 10.0% CAGR to reach $1.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Surge Protection Devices (SPDs) Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Surge Protection Devices (SPDs) Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Surge Protection Devices (SPDs) Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as ABB, Advanced Protection Technologies Inc., Belkin international Inc., Bourns Inc., DEHN + SOHNE GmbH + Co. KG and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 114 companies featured in this Surge Protection Devices (SPDs) market report include:
- ABB
- Advanced Protection Technologies Inc.
- Belkin international Inc.
- Bourns Inc.
- DEHN + SOHNE GmbH + Co. KG
- Eaton Corporation PLC
- Emerson Electric Co.
- General Electric Company
- Hubbell Inc.
- Legrand
- Leviton Manufacturing Co., Inc.
- Mersen
- Novaris Pty Ltd.
- OBO BETTERMANN GmbH & Co. KG
- Phoenix Contact GmbH & Co. KG
- REV Ritter GmbH
- Schneider Electric
- Thomas & Betts Power Solutions LLC
- Tripp Lite
This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:
- Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
- Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
- Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
- Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
- Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
- Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
- Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB
- Advanced Protection Technologies Inc.
- Belkin international Inc.
- Bourns Inc.
- DEHN + SOHNE GmbH + Co. KG
- Eaton Corporation PLC
- Emerson Electric Co.
- General Electric Company
- Hubbell Inc.
- Legrand
- Leviton Manufacturing Co., Inc.
- Mersen
- Novaris Pty Ltd.
- OBO BETTERMANN GmbH & Co. KG
- Phoenix Contact GmbH & Co. KG
- REV Ritter GmbH
- Schneider Electric
- Thomas & Betts Power Solutions LLC
- Tripp Lite
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 309 |
| Published | June 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 5.6 Billion |
| Forecasted Market Value ( USD | $ 7.9 Billion |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | Global |
