Surge protection devices market to nearly double to $6.09B by 2035, driven by rising electronics use and stricter codes

The global surge protection devices market is projected to grow from $3.27 billion in 2025 to $6.09 billion by 2035, at a CAGR of 6.37%. Growth is fueled by increasing adoption of sensitive electronics vulnerable to power surges, stricter building codes, and expanding industrial, commercial, and data center sectors. North America leads the market, while Asia Pacific is expected to see the fastest growth due to urbanization and 5G deployment. Innovations like IoT-enabled surge protection and expanded product ranges support market expansion.