Surge Protection Devices (SPDs)

Global Surge Protection Devices (SPDs) Market to Reach US$7.9 Billion by 2030

The global market for Surge Protection Devices (SPDs) estimated at US$5.6 Billion in the year 2024, is expected to reach US$7.9 Billion by 2030, growing at a CAGR of 5.7% over the analysis period 2024-2030. Plug-In, one of the segments analyzed in the report, is expected to record a 10.4% CAGR and reach US$1.2 Billion by the end of the analysis period. Growth in the Hard-Wired segment is estimated at 5.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.5 Billion While China is Forecast to Grow at 10.0% CAGR

The Surge Protection Devices (SPDs) market in the U.S. is estimated at US$1.5 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2030 trailing a CAGR of 10.0% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.6% and 6.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.0% CAGR.

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.

Select Competitors (Total 114 Featured) -

• 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

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.