The surge protection devices market is estimated to grow from USD 2.98 billion in 2025 to USD 3.95 billion by 2030, at a CAGR of 5.8% during the forecast period. The market is primarily driven by the need to safeguard sensitive electronic equipment from power surges, ensuring operational continuity and minimizing equipment damage.
The tier of the companies is defined based on their total revenue as of 2024. Tier 1: USD 1 billion and above, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: Less than USD 500 million.
A few major players with a wide regional presence dominate the surge protection device market. The leading players in the surge protection device market are ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Eaton (Ireland) and Emerson Electric Co. (US).
By nominal discharge current, below 10 kA is expected to be the second-largest market during the forecast period.
By nominal discharge current, the below 10 kA segment is expected to be the second-largest market from 2025 to 2030, primarily due to the rapid growth in residential and light commercial applications where lower surge protection ratings are sufficient. These SPDs are cost-effective, easy to install, and well-suited for protecting household electronics, smart appliances, and office equipment from minor voltage spikes caused by internal switching events or nearby disturbances. As the adoption of connected devices and smart home systems accelerates globally, especially in emerging economies, the demand for affordable, plug-in, and point-of-use surge protection is rising, solidifying this segment’s strong position in the overall market.By product, plug-in is projected to be the second-largest market during the forecast period.
The plug-in segment, by product, is expected to be the second-largest market from 2025 to 2030 due to its widespread use in residential, commercial, and small office environments where ease of installation and flexibility are critical. These devices are typically inserted directly into standard power outlets and offer immediate protection for connected equipment such as computers, TVs, and home appliances. Their affordability, portability, and growing compatibility with modern smart devices make them popular among consumers. Also, rising awareness about the damage caused by everyday power surges and the increasing penetration of electronic devices in households worldwide are key factors driving sustained demand for plug-in surge protection solutions.North America is expected to be the second-fastest market during the forecast period.
North America is expected to be the second-fastest growing region in the surge protection devices market from 2025 to 2030, driven by the widespread deployment of advanced electrical infrastructure, increasing investments in smart grid systems, and the high concentration of data centers and industrial automation. The region’s susceptibility to electrical disturbances caused by frequent lightning strikes, severe weather events, and aging grid infrastructure further underscores the need for reliable surge protection. Also, stringent safety regulations, rising awareness among residential and commercial users, and increased adoption of smart home and office technologies are fueling consistent demand for surge protection solutions across the US, Canada, and Mexico.Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and assess future market prospects. The distribution of primary interviews is as follows:- By Company Type: Tier 1 - 25%, Tier 2 - 35%, and Tier 3 - 35%
- By Designation: C-level Executives - 35%, Directors - 25%, and Others - 40%
- By Region: North America - 25%, Europe - 40%, Asia Pacific - 25% and RoW - 10%
The tier of the companies is defined based on their total revenue as of 2024. Tier 1: USD 1 billion and above, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: Less than USD 500 million.
A few major players with a wide regional presence dominate the surge protection device market. The leading players in the surge protection device market are ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Eaton (Ireland) and Emerson Electric Co. (US).
Study Coverage:
The report defines, describes, and forecasts the surge protection devices market by product, technology, nominal discharge current, end user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report comprehensively reviews the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market, which include the analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the surge protection devices market.Key Benefits of Buying the Report
- Product Development/ Innovation: In June 2023, Littelfuse, Inc. launched the NEMA-style SPDN Series to safeguard equipment from transient overvoltage events lasting microseconds and help mitigate costly damage and downtime.
- Market Development: In June 2024, ABB announced a USD 35 million investment in a new manufacturing and R&D facility in Nottingham, UK, dedicated to producing Furse earthing and lightning protection solutions. This facility aims to meet the growing demand for electrical protection systems across various sectors, including buildings, wind turbines, and data centers.
- Market Diversification: In March 2025, Schneider Electric announced a landmark investment of over USD700 million in its US operations, marking the company’s largest-ever capital commitment in the region. This investment, set to be deployed through 2027, will support the expansion and modernization of eight manufacturing sites across states, including Texas, Tennessee, Ohio, North Carolina, Massachusetts, and Missouri. The initiative is aimed at meeting the surging demand for data centers, energy infrastructure, and automation solutions, driven largely by the rapid growth of artificial intelligence and digitalization.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players, ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Eaton (Ireland), and Emerson Electric Co. (US), among others in the surge protection device market.
Table of Contents
1 Introduction
2 Research Methodology
4 Premium Insights
5 Market Overview
6 Surge Protection Devices Market, by Product
7 Surge Protection Devices Market, by Technology
8 Surge Protection Devices Market, by Nominal Discharge Current
9 Surge Protection Devices Market, by End-user
10 Surge Protection Devices Market, by Region
11 Competitive Landscape
12 Company Profiles
13 Appendix
List of Tables
List of Figures
Companies Mentioned
- Siemens
- ABB
- Eaton
- Schneider Electric
- Emerson Electric Co.
- Littelfuse, Inc.
- Legrand
- Prosurge, Inc.
- Phoenix Contact
- Shenzhen Techwin Lightning Technologies Co. Ltd.
- Citel
- Hubbell
- Bourns, Inc.
- Raycap
- Leviton Manufacturing Co. Inc.
- Mersen
- Ditek, Inc.
- Havells India Ltd.
- Belkin
- Obo Bettermann Holding GmbH & Co. KG
- Alltec
- Maxivolt
- Socomec
- Dehn SE
- Sunpeace
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 317 |
Published | June 2025 |
Forecast Period | 2025 - 2030 |
Estimated Market Value ( USD | $ 2.98 Billion |
Forecasted Market Value ( USD | $ 3.95 Billion |
Compound Annual Growth Rate | 5.8% |
Regions Covered | Global |
No. of Companies Mentioned | 25 |