Top Surge Protection Devices Companies

The global surge protection devices market is estimated to be valued at USD 2.98 billion in 2025 and is projected to reach USD 3.95 billion by 2030, growing at a CAGR of 5.8% for the forecast period of (2025–2030). The global surge protection devices market is expected to witness significant growth due to the rising adoption of sensitive electronic equipment and increasing occurrences of power surges and lightning strikes, with growing investments in smart grids and renewable energy infrastructure driving demand for advanced surge protection solutions.

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A few major players that have a wide regional presence dominate the surge protection devices market.

Top Companies in Surge Protection Device Market

• ABB (Switzerland)
• Schneider Electric (France)
• Siemens (Germany)
• Eaton (Ireland)
• Emerson Electric Co (US) among others.

Prominent corporations have employed various growth methods, including acquisitions, product launches, contracts, and expansions, to enhance their market share in the surge protection device industry. In June 2024, ABB announced a USD 35 million investment in a new manufacturing and R&D facility in Nottingham, UK, dedicated to producing Furse earthing and lightning protection solutions. This facility aims to meet the growing demand for electrical protection systems across various sectors, including buildings, wind turbines, and data centers. In April 2025, Eaton acquired Fibrebond, a leading modular electrical and data center infrastructure provider. This strategic move enhances Eaton's capabilities in delivering engineered-to-order enclosures that integrate power distribution and backup systems. The acquisition strengthens Eaton's position in the data center, utility, and industrial markets, aligning with its focus on resilient, scalable, and protected power solutions.

ABB (Switzerland) is a global leader in electrification and automation technologies, with a significant presence in the surge protection devices market. The company offers a full range of SPDs for protecting electrical installations from voltage transients caused by lightning, load switching through utility, or sudden disturbances. ABB's continual innovations, such as support of sustainable solutions, make it an important partner in ensuring reliable, efficient surge protection in different sectors. The company operates through four focused business segments: Electrification, Motion, Process Automation, and Robotics & Discrete Automation. The SPD products of ABB are supplied through its Electrification business segment. The core Electrification business portfolio includes digital and connected innovations for low and medium voltage, electric vehicle (EV) infrastructure, modular substations, distribution automation, power protection, wiring accessories, switchgear, enclosures, cabling, sensing, and control. It also delivers services to enhance the reliability, availability, predictability, and sustainability of electrical systems. A strategic approach to local production and market adaptation marks ABB's global presence. The company operates manufacturing facilities across Europe, Asia, the Middle East, Africa, and the Americas, ensuring proximity to key markets and customers.

Siemens (Germany) is a global powerhouse in electrification, automation, and digitalization. This company is well-known for its innovative technologies that span various industries, such as energy, healthcare, transportation, and infrastructure. With its Smart Infrastructure division, Siemens tackles the pressing demand for safe, efficient, and smart electrical systems, making it a significant player in the global surge protection devices market. Thanks to its rich history of engineering excellence and ongoing innovation, Siemens has become a go-to partner for robust and sustainable power infrastructure solutions. The company operates through four main business segments: Siemens Healthiness, Smart Infrastructure, Digital Industries, and Mobility. It offers a wide array of surge protection devices within the Smart Infrastructure segment. In this field, Siemens provides a comprehensive selection of products designed to shield electrical installations from transient overvoltage and voltage spikes. Their portfolio features Type 1, Type 2, and Type 3 SPDs, catering to residential, commercial, and industrial needs. Siemens' surge protective solutions are favored for their reliability, straightforward installation, and maintenance-free operation, ensuring critical assets remain protected. With a strong global presence, Siemens has major operations in North America, Europe, Asia Pacific, South America, and the Middle East & Africa. The company boasts a network of manufacturing facilities, R&D centers, and sales offices strategically positioned to serve regional markets efficiently.

Eaton (Ireland) is a global power management company that plays a significant role in the surge protection devices market through its Electrical Sector division. The company offers a broad portfolio of surge protection solutions tailored for industrial, commercial, and residential applications. Eaton's SPD products are designed to protect electrical systems and sensitive equipment from transient overvoltage caused by lightning strikes, switching operations, and other power disturbances. Eaton is aligning its SPD offerings with the growing global demand for resilient infrastructure, smart buildings, and data centers. The company's surge protection solutions are increasingly embedded in energy management systems and smart grid technologies, allowing for remote monitoring, predictive maintenance, and enhanced equipment uptime. With global manufacturing capabilities and a strong distribution network, Eaton is well-positioned to capture demand across developed and emerging markets. The company operates through five business segments: Electrical Global, Electrical Americas, Aerospace, Vehicle, and e-Mobility. The company provides its surge protection device under the Electrical Americas and Electrical Global business segments. Electrical America and Electrical Global business segments' sales are primarily for electrical components, industrial components, power distribution and assemblies, residential products, single-phase power quality and connectivity, three-phase power quality, wiring devices, circuit protection, utility power distribution, power reliability equipment, and services. Eaton has a robust global geographical presence, operating in over 175 countries with manufacturing facilities, sales offices, and service centers strategically located across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Market Ranking

The surge protection devices market is highly competitive, with five main players collectively holding 30–40% of the total market share. Siemens stands out in the industry with its surge protection device, while ABB maintains a strong position due to its expertise globally. Eaton has a significant market presence as its surge protection devices are designed to protect electrical systems and sensitive equipment from transient overvoltage caused by lightning strikes, switching operations, and other power disturbances. Schneider Electric is well-known for its innovative technologies that span various industries, such as energy, healthcare, transportation, and infrastructure. Emerson Electric Co. offers a comprehensive range of surge protection devices tailored for residential, commercial, and industrial applications, focusing on safety and energy reliability. The remaining 60–70% of the market is shared among other regional and emerging vendors, contributing to extensive fragmentation and offering opportunities for smaller players to establish a footprint. Market competition is driven by rapid technological advancements and the need for product differentiation. Key players focus on innovation, pricing, and expanding regional presence to gain a competitive edge.

Related Reports:

Surge Protection Devices Market by Product (Hard-wired, Plug-in, Line Cord, Power Control Devices), by Technology (Type 1, Type 2, Type 3), by Nominal Discharge Current (Below 10kA, 10–25kA, Above 25kA), End-User, and Region - Global Forecast to 2030

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