Surge Protection Devices Market

• In April 2022, The most recent advancements in surge protection for PV systems, battery energy storage, and e-car charging stations will be displayed by Raycap, an international manufacturer of electronic components for surge protection, communication, and monitoring, at booth 350 in hall A5.

• In September 2021, Toshiba Energy Systems & Solutions Corporation announced that its production capacity of polymer-housed surge arresters would nearly triple by April 2022.

In this report, the Surge Protection Devices Market has been segmented by Type, Product, End-User, and Geography.

Surge Protection Devices Market, Segmentation by Type

The Surge Protection Devices Market has been segmented by Type into Type 1, Type 2, and Type 3.

Type 1

Type 1 surge protection devices account for approximately 42% of the market, primarily used in industrial and utility-grade applications. They offer high-energy diversion capabilities to safeguard against direct lightning strikes. These devices are installed at the main service panel for enhanced system-level protection. Their robust design makes them ideal for critical infrastructure environments.

Type 2

Type 2 devices represent around 38% of market share and are widely used in commercial and residential buildings. These SPDs are installed downstream from the main panel to protect appliances and circuits from residual surges. Their combination of affordability and effectiveness makes them highly popular across multiple sectors.

Type 3

Type 3 devices contribute to nearly 20% of the market and are designed for point-of-use protection. Often used in conjunction with Type 2 devices, they protect sensitive electronics like TVs and computers. These SPDs are compact and typically plugged into sockets or panels for localized surge management.

Surge Protection Devices Market, Segmentation by Product

The Surge Protection Devices Market has been segmented by Product into Hard-Wired, Plug-In, Line Cord, and Power Control Devices.

Hard-Wired

Hard-wired devices hold a dominant 37% share and are typically used in building installations for system-wide protection. They are installed directly onto service panels or distribution boards. Their rugged design and ability to manage large surge currents make them essential for whole-facility protection.

Plug-In

Plug-in surge protectors occupy approximately 29% of the market, catering mainly to residential and light commercial environments. These units are easy to install and offer reliable protection for portable electronics. Growing consumer awareness is fueling demand for plug-and-play surge protection solutions.

Line Cord

Line cord SPDs account for about 19% of the market, integrating surge protection into power strips or equipment cords. These devices are widely used for computers, TVs, and entertainment systems. The segment benefits from the demand for mobility and flexibility in surge protection.

Power Control Devices

Power control surge protection devices contribute to roughly 15% of the market. These combine surge protection with intelligent monitoring and power regulation features. Adoption is rising in mission-critical applications where continuous voltage stability is essential.

Surge Protection Devices Market, Segmentation by End-User

The Surge Protection Devices Market has been segmented by End-User into Industrial, Commercial, and Residential.

Industrial

The industrial segment leads the market with a share of about 41%, driven by the need to protect complex machinery and automation systems. These environments experience frequent voltage fluctuations, necessitating robust surge suppression. Growth is propelled by investments in manufacturing and energy infrastructure.

Commercial

Commercial applications represent around 34% of the surge protection market. These include retail spaces, data centers, and office complexes where uninterrupted operations are crucial. Surge protection in commercial settings ensures the safety of electrical and IT infrastructure.

Residential

Residential usage contributes to nearly 25% of the market. Consumers are increasingly adopting SPDs to protect home appliances and electronics from lightning and grid disturbances. Easy installation and affordable pricing make these devices popular among household users.

Surge Protection Devices Market, Segmentation by Geography

In this report, the Surge Protection Devices Market has been segmented by Geography into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Surge Protection Devices Market Share (%), by Geographical Region

North America

North America holds a prominent 33% share, owing to high infrastructure standards and industrial automation. The U.S. leads in adoption due to frequent lightning strikes and utility grid modernization. Strict safety regulations also drive the need for surge protection across sectors.

Europe

Europe accounts for nearly 27% of the market, supported by advanced commercial infrastructure and electrical safety norms. Countries like Germany and France are proactive in deploying voltage surge control systems. The region emphasizes power quality and sustainability in buildings.

Asia Pacific

Asia Pacific leads globally with about 30% share, driven by rapid urbanization and industrial expansion in China, India, and Japan. The growing demand for consumer electronics and smart infrastructure further accelerates adoption. Rising investments in power distribution networks contribute significantly to market growth.

Middle East & Africa

This region contributes approximately 5% to the surge protection market. Development in commercial real estate and smart city initiatives in the GCC are supporting adoption. Infrastructure upgrades and renewable energy projects are creating new opportunities for SPDs.

Latin America

Latin America holds about 5% of the market, led by Brazil and Mexico. The demand is rising for cost-effective surge protection in residential and small business settings. Government-led electrification programs are boosting market penetration in underserved regions.