Europe Surge Protection Components Market was valued at USD 0.9 Billion in 2022 and is projected to reach USD 1.5 Billion by 2030, growing at a CAGR of 8.0% from 2024 to 2030.
The European surge protection components market is experiencing significant growth, driven by the increasing need to safeguard electronic devices across various industries. Surge protection devices (SPDs) are essential in preventing damage from transient voltages caused by lightning strikes, power grid switching, and other electrical disturbances. This article delves into the types of surge protection components prevalent in Europe and explores the requirements driving their adoption across different sectors.
Market Overview
In 2024, Europe's surge protection market was valued at approximately USD 885.36 million, with projections indicating a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031. The demand for SPDs is particularly pronounced in countries like Germany, the United Kingdom, France, Italy, and Russia, owing to their robust industrial activities and high consumption of electronic devices.
Types of Surge Protection Components
Hard-Wired SPDs: Installed directly into the electrical system, these devices offer comprehensive protection for entire circuits, making them ideal for industrial and commercial applications.
Plug-In SPDs: Designed for use with standard outlets, plug-in SPDs protect individual devices, such as computers and home appliances, from voltage surges.
Line Cord SPDs: Attached to the power cords of electronic devices, these SPDs provide localized protection against transient voltages.
Industry Requirements and Applications
Different sectors have unique surge protection needs:
Industrial Sector: With the proliferation of automated machinery and sensitive equipment, industries require high-capacity SPDs to prevent operational disruptions and equipment damage. The adoption of SPDs with discharge currents rated above 100 kA is common in this sector.
Commercial Sector: Businesses rely on SPDs to protect critical systems, including point-of-sale terminals, communication networks, and data servers. Type 2 SPDs are frequently used to safeguard against residual surges after primary protection devices.
Residential Sector: Homeowners are increasingly aware of the need to protect household electronics, such as televisions, computers, and refrigerators. Plug-in SPDs are popular for their ease of installation and effectiveness in shielding individual devices.
Regulatory Landscape
European regulations mandate the use of SPDs in certain applications to enhance electrical safety. For instance, the 18th Edition of the Wiring Regulations in the UK requires the installation of SPDs in specific residential and commercial settings. Compliance with these standards ensures the protection of both property and personnel from electrical hazards.
Conclusion
The surge protection components market in Europe is poised for continued growth, propelled by technological advancements and heightened awareness of electrical safety. Industries across the board are recognizing the importance of investing in quality surge protection to mitigate risks associated with electrical surges. As the reliance on electronic devices intensifies, the role of SPDs becomes increasingly critical in safeguarding infrastructure and ensuring uninterrupted operations.
Get an In-Depth Research Analysis of the Europe Surge Protection Components Market Size And Forecast [2025-2032]
ABB
Eaton
Emersen Electric
Siemens
Schneider Electric
General Electric
Koninklijke Philips
Littelfuse
Advanced Protection Technologies
Belkin International
Leviton Manufacturing
Tripp Lite
Panamax
REV Ritter
Raycap Corporation
Phoenix Contact GmbH
Hubbell Incrporated
Legrand SA
Mersen Electrical Power
Citel
MVC-Maxivolt
MCG Surge Protection
JMV
ISG Global
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Europe Surge Protection Components Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Europe Surge Protection Components Market
Surge Protective Devices (SPDs)
Transient Voltage Surge Suppressors (TVSS)
Point-of-Use (POU) Surge Protectors
Whole House Surge Protection
Power Line Conditioner
Residential
Commercial
Industrial
Telecommunications
Data Centers and IT Equipment
Metal Oxide Varistor (MOV)
Gas Discharge Tube (GDT)
Silicon Avalanche Diodes (SAD)
Combination of MOV & GDT
Other Hybrid Technologies
Consumer Electronics
Healthcare
Aerospace and Defense
Automotive
Renewable Energy
Low Voltage (up to 1 kV)
Medium Voltage (1 kV - 36 kV)
High Voltage (above 36 kV)
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Surge Protection Components Market Research Analysis
1. Introduction of the Europe Surge Protection Components Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Surge Protection Components Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Surge Protection Components Market, By Type
6. Europe Surge Protection Components Market, By Application
7. Europe Surge Protection Components Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Surge Protection Components Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Europe Research and Consulting firm servicing over 5000+ US clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/