Industrial Surge Protective Devices Market size was valued at USD 3.2 Billion in 2024 and is projected to reach USD 5.8 Billion by 2033, exhibiting a CAGR of 7.5% from 2026 to 2033.
In 2022, the global industrial surge protective devices market was valued at approximately USD 864.7 million, with a compound annual growth rate (CAGR) of 6.3% projected through 2032. North America led the market, accounting for over 38% of global revenue. This dominance is attributed to early adoption of advanced technologies and heightened awareness of surge protection benefits. The United States, in particular, exhibits significant electricity consumption in residential and commercial sectors and is prone to lightning strikes in states like Florida and Louisiana, driving the adoption of surge protective devices.The Asia Pacific region is anticipated to experience the highest growth rate, with a CAGR exceeding 9% during the forecast period. This surge is fueled by increasing awareness in countries such as China, India, and Japan about the advantages of surge protective devices, coupled with rising disposable incomes that facilitate the purchase of premium consumer electronics. In India, the surge protection devices market was valued at USD 166.1 million in 2023 and is projected to reach USD 297.8 million by 2030, growing at a CAGR of 8.7% from 2024 to 2030. Europe also holds a significant market share, with countries like Germany, the U.K., Spain, France, Italy, and Russia contributing to growth through rapid industrialization and urbanization.
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ABB
Schneider Electric
Phoenix Contact
GE Industrial
Emerson
Siemens
Eaton
Rockwell Automation
Leviton
Vertiv
Hager Electric
Bodo Ehmann
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. 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.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Industrial Surge Protective Devices Market
Transient Voltage Surge Suppressors (TVSS)
Guard Type Surge Protectors
Point-of-Use Surge Protectors
Whole House/Building Surge Protection
Power Conditioners
Industrial Automation
Telecommunications
Energy & Power Generation
Transportation Systems
Healthcare Facilities
Manufacturing Plants
Data Centers
Commercial Buildings
Healthcare Services
Infrastructure Development
Low Voltage Surge Protectors (up to 1 kV)
Medium Voltage Surge Protectors (1 kV to 36 kV)
High Voltage Surge Protectors (above 36 kV)
Extra High Voltage Surge Protectors (above 1 kV)
Gas Discharge Tubes
Metal Oxide Varistors (MOVs)
Transient Voltage Suppressors (TVS)
Resistors
Capacitors
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)
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1. Introduction of the Global Industrial Surge Protective Devices 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. Global Industrial Surge Protective Devices Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Industrial Surge Protective Devices Market, By Type
6. Global Industrial Surge Protective Devices Market, By Application
7. Global Industrial Surge Protective Devices Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Industrial Surge Protective Devices Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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