PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1665362
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1665362
The Global Line Cord Commercial Surge Protection Devices Market is projected to experience robust growth, with a valuation of USD 252.5 million in 2024 and a forecasted compound annual growth rate (CAGR) of 6.4% between 2025 and 2034. This surge is driven by the escalating need to safeguard sensitive electrical equipment from power surges, which can result in data loss, equipment damage, and significant financial repercussions. The increasing dependence on surge protection devices across data centers, IT infrastructures, and smart buildings further amplifies the demand for this essential technology.
The Type 1 surge protection device segment is anticipated to reach USD 220 million by 2034, propelled by the growing preference for integrated protection solutions offering superior voltage clamping and rapid response times. The proliferation of smart building technologies, coupled with the widespread adoption of Internet of Things (IoT)-enabled automation, is fostering the expansion of this market segment. Stricter safety regulations, alongside heightened investments in advanced electrical systems and enhanced monitoring capabilities, are expected to accelerate the adoption of these devices, reinforcing their critical role in modern infrastructures.
Market Scope | |
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Start Year | 2024 |
Forecast Year | 2025-2034 |
Start Value | $252.5 Million |
Forecast Value | $452 Million |
CAGR | 6.4% |
Surge protection devices with ratings exceeding 150 kA are forecasted to grow at a CAGR of 6% through 2034. This growth is attributed to the integration of cutting-edge technological systems designed to handle higher surge current ratings, ensuring the protection of valuable assets against electrical disturbances. Increasing demand for these high-powered devices is particularly notable in critical sectors such as healthcare and data centers. Additionally, the rising occurrence of extreme weather events, including thunderstorms and lightning strikes, underscores the importance of robust surge protection systems, driving their adoption across diverse industries.
In the United States, the line cord commercial surge protection devices market is expected to generate USD 60 million by 2034. This growth is driven by an increasing need to protect essential infrastructure and sensitive electronics from electrical surges. The modernization of electrical grid networks, coupled with the widespread use of sensitive electronic equipment such as servers, medical devices, and automated systems in commercial environments, is fueling the demand for surge protection devices. These advancements ensure the reliable operation of critical systems, underscoring the market's significant potential in the coming years.