PUBLISHER: IMARC | PRODUCT CODE: 1701881
PUBLISHER: IMARC | PRODUCT CODE: 1701881
Surge Protection Devices Market Report by Product, Type, Power Rating, End User, and Region 2025-2033
The global surge protection devices market size reached USD 3.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 5.6 Billion by 2033, exhibiting a growth rate (CAGR) of 4.9% during 2025-2033. The market is primarily driven by increasing energy investment, supportive government policies, expanding renewable energy projects, the growing awareness regarding potential damage from power surges, and the integration of advanced technologies in power systems.
Surge protection devices (SPDs) are small electric power supply network, which are extensively deployed in the commercial and residential sectors for protecting electrical devices and appliances from voltage spikes. They operate when the transient voltage transpires on the protected circuit, and then it inhibits the transient voltage by diverting the current back to its source. They are commercially available in varying types, such as voltage limiting and switching. The voltage limiting components change in impedance as currents rise whereas, switching components turn on once a threshold voltage is exceeded and instantly drop to a low impedance.
Surge Protection Devices Market Trends:
The rapid expansion in the automotive industry, along with the escalating demand for slim smart portable appliances with a faster processor, better power densities and enhanced sensitivity, are key factors primarily driving the global surge protection devices market toward growth. Furthermore, the increasing utilization of electrical and mechanical components in the automobile sectors for improving driving assistance, navigation, passenger, telematics, safety and comfort is positively influencing the market. In line with this, the use of these devices for delivering smart and high-performance functionalities by inhibiting the overheating and preventing wires is propelling the market growth. Other than this, the introduction of equipment miniaturization has also led to the growth in the demand for circuit protection solutions in the market across the globe. Additionally, the growing investments and funding made by manufacturers for developing compact and innovative products for dealing with the vulnerable voltages and electrical surges are positively impacting the market. Other than this, the numerous initiatives undertaken by the governments of various nations for enhancing the infrastructure to mandate the safety standards of workplaces are creating a positive outlook for the market.
Key Market Segmentation:
Breakup by Product:
- Hard-wired
- Plug-in
- Line Cord
- Power Control Devices
Breakup by Type:
- Type 1
- Type 2
- Type 3
Breakup by Power Rating:
Breakup by End User:
Breakup by Region:
Competitive Landscape:
Key Questions Answered in This Report
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
3 Executive Summary
4 Introduction
5 Global Surge Protection Devices Market
6 Market Breakup by Product
7 Market Breakup by Type
8 Market Breakup by Power Rating
9 Market Breakup by End User
10 Market Breakup by Region
11 SWOT Analysis
12 Value Chain Analysis
13 Porters Five Forces Analysis
14 Price Analysis
15 Competitive Landscape
List of Figures
- Figure 1: Global: Surge Protection Devices Market: Major Drivers and Challenges
- Figure 2: Global: Surge Protection Devices Market: Sales Value (in Billion USD), 2019-2024
- Figure 3: Global: Surge Protection Devices Market Forecast: Sales Value (in Billion USD), 2025-2033
- Figure 4: Global: Surge Protection Devices Market: Breakup by Product (in %), 2024
- Figure 5: Global: Surge Protection Devices Market: Breakup by Type (in %), 2024
- Figure 6: Global: Surge Protection Devices Market: Breakup by Power Rating (in %), 2024
- Figure 7: Global: Surge Protection Devices Market: Breakup by End User (in %), 2024
- Figure 8: Global: Surge Protection Devices Market: Breakup by Region (in %), 2024
- Figure 9: Global: Surge Protection Devices (Hard-wired) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 10: Global: Surge Protection Devices (Hard-wired) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 11: Global: Surge Protection Devices (Plug-in) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 12: Global: Surge Protection Devices (Plug-in) Market Forecast: Sales Value (in Million USD), 2025-2033
List of Tables
