Surge Protection Devices Market Growth Accelerated by Circuit Protection

Surge Protection Devices Market


Surge protection devices provide protection from high voltage surges and spikes for sensitive electronics equipment. They help shield electronic systems from harmful overvoltage transients caused by lightning, utility switching, and other system faults. The devices come in different sizes and forms to suit various electronic systems and play a key role in ensuring smooth functioning of industrial equipment, data centers, and other infrastructure. The global surge protection devices market is estimated to be valued at US$ 3.8 Bn in 2023 and is expected to exhibit a CAGR of 5.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market key trends:

Circuit protection has emerged as a key trend in the surge protection devices market. Surge protection devices ensure that sensitive electronic equipment is not compromised due to voltage surges and spikes. They provide circuit-level protection to systems as compared to just outlet-level protection. With increasing use of electronics in industrial controls, automotive, and other applications, there is a growing need for protection at the component level. Surge protection devices with circuit-level protection capabilities are increasingly being incorporated at the design phase in equipment to prevent damages even during high energy transient events. Their adoption is growing steadily due to reliability and flexibility in system protection.

Segment Analysis
The global surge protection devices market is dominated by the point of use (POU) segment. POU devices are utilized at the point where assets, such as computers, servers, medical equipment, are connected to the mains power supply. These devices provide effective protection against power fluctuations and surges. They are in high demand due to the large-scale adoption of power-sensitive devices across industries.

Key Takeaways
Global Surge Protection Devices Market Size is expected to witness high growth over the forecast period of 2023 to 2030. Driven by the increasing adoption of technological devices along with rising power infrastructure upgrading initiatives across regions.

Regional analysis: The Asia Pacific region dominated the global surge protection devices market with over 35% share in 2024. Rapid industrialization and infrastructure development projects in the region have led to increased investments in robust power distribution networks. Additionally, the growing adoption of medical and industrial automation equipment necessitates reliable power protection setups. These factors are expected to drive the demand for surge protection devices in Asia Pacific during the forecast period.

Key players operating in the surge protection devices market are Karl Storz SE & Co. KG, Olympus Corporation, Endo Med Systems GmbH, HOYA Corporation, Getinge AB, Avantis Medical Systems, Boston Scientific Corporation, and FUJIFILM Holdings Corporation, among others. FUJIFILM Holdings Corporation is one of the leading players focused on developing medical imaging solutions including endoscopy devices. The company offers a wide portfolio of surge protection devices for effective protection of endoscopy equipment against power fluctuations.

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