Home Surge Protector Market Size
The home surge protectors market was valued at USD 444.4 million in 2023 and is projected to grow at a CAGR of 6.1% between 2024 and 2032. The growing awareness of the risks associated with electrical surges coupled with the proliferation of smart home devices and connected appliances will boost the industry prospects. The continued growth in consumer electronics including gaming consoles, home theaters, and large-screen televisions along with ongoing technological advancements to improve installation effort and response time will drive the business growth.
Household surge protectors are compact electrical devices designed to protect individual household electronics from voltage spikes or electrical surges. These devices are typically used to protect specific appliances by plugging them directly into a standard electrical outlet. The increasing focus on energy efficiency and environmental sustainability in line with the deployment of environmentally friendly surge protectors that consume less energy when not in use is set to drive the industry dynamics. In addition, the increasing incidence of power outages due to aging power grids, frequent thunderstorms, and unstable electricity supplies is set to drive the adoption of household surge protectors.
Home Surge Protector Market Trends
The industry is witnessing significant growth due to the lower cost of surge protectors compared to whole-house surge protectors, making them an attractive option for homeowners. Rapid population growth, especially in emerging markets, coupled with increasing consumer investment in more electronic devices will positively impact the need for affordable surge protectors. Furthermore, stringent electrical safety regulations and standards in residential buildings combined with strong urban growth and new housing development will encourage the deployment of these units.
Residential Pluggable Surge Protectors Market Analysis
The global residential surge protector industry size is expected to cross USD 350 million by 2032. The growing demand for comprehensive home surge protectors coupled with the need for enhanced voltage stabilization and faster response time is expected to boost the business prospects. Continued investment in the adoption of smart home devices that require constant and stable power along with continuous improvements in these devices through the incorporation of MOSFET and GDT components is expected to stimulate the favorable business opportunities.
The residential surge protector market size of 50k to 100k rated power is expected to witness a significant growth of over 6% by 2032. These devices are witnessing robust growth due to their ability to provide robust protection against extreme power surges. The increasing adoption of advanced technological systems with higher rated power to protect their investments from extreme power surges is creating a positive business environment. The increasing severe weather events consisting of thunderstorms and lightning strikes along with homeowners across key geographies investing in sustainable and reliable power surges to protect their electronics and home systems is expected to drive the business potential.
The Asia Pacific residential surge protector market is expected to cross USD 250 million by 2032. The region is witnessing significant growth due to rapid urbanization and rising residential construction activities. Increasing power surges and voltage fluctuations due to aging electrical infrastructure and increasing load on power grids coupled with growing awareness of the importance of surge protection will energize the industry landscape. Moreover, government authorities in major emerging economies are implementing regulatory norms and safety guidelines that encourage or mandate the use of surge protectors in residential buildings, which in turn will boost the market growth.
The surge protector industry in the US is expected to witness robust growth driven by rising smart home technology, increasing consumer awareness, regulatory requirements, and technological advancements. The increasing reliance on electronic systems in line with the rising pace of power surges in the country is set to boost the industry’s growth. Rising energy costs and the increase in high-value electronics including large-screen TVs, gaming consoles, and computers in residential environments are set to impact the business dynamics in the coming years.
Home surge protectors market share
ABB operates in five business segments comprising Industrial Automation, Electrification & Motion, Robotics, Discrete Automation and Power Grids. The company offers its specialized portfolio to diverse industries including data center, building, food & beverage, marine, wind & solar, and oil & gas. The Industrial Automation segment comprises products and solutions for automation, instrumentation and optimization of industrial processes. ABB offers electrification products comprising low voltage products and systems, medium voltage products, solar inverters, electric vehicle charging infrastructure and power conditioning. The company’s Low Voltage segment provides reliable conductor and conduit systems and equipment for applications in power generation, robotics, food processing and offshore drilling. The Power Grid segment includes digital substations, HVDC lighting, environmentally efficient switchgear, etc. ABB’s Robotics & Motion portfolio comprises drives, robotics, motors and generators.
Home surge protector market companies
Key players in the industry include:
ABB Belkin Clamp Eaton Emerson Electric Co., Ltd. General Electric Havells India Ltd. Hubbell Incorporated Infineon Technologies AG JMV LPS Limited Koninklijke Philips NV Legrand Maxivolt Nice North America LLC Phoenix Contact Schneider Electric
Home surge protector industry news
In May 2024, Phoenix Contact expanded its production network to the North American market by creating Phoenix Contact Production SA de CV in Mexico. The new 20,000 square meter plant in Querétaro, with an investment of approximately US$55 million, aims to start production by the end of 2025, and employ approximately 700 people by 2032.
In February 2024, ABB announced the acquisition of SEAM Group, a move aimed at strengthening its portfolio of businesses in electrification, electrical safety, renewable energy and asset management consulting services. Through this acquisition, ABB aims to meet the growing demand for asset modernization and optimization, ensuring safer, smarter and more sustainable operations.
This Residential Surge Protectors Market research report includes in-depth coverage of the industry with estimates and forecasts in terms of “Units” and “USD Million” from 2021 to 2032, for the following segments:
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Market by Technology
Market by Energy Classification
≥ 50kA > 50kA to 100kA > 100kA to 150kA > 150kA
The above information is provided for the following regions and countries:
North America Europe Germany France Russia United Kingdom Italy Spain Netherlands Austria Asia Pacific China Japan South Korea India Australia New Zealand Malaysia Indonesia Middle East & Africa Saudi Arabia United Arab Emirates Qatar Egypt South Africa Nigeria Kuwait Oman Latin America
