Commercial Surge Protection Devices Market Trends

Growth Drivers

• Expanding market for building management and HVAC systems: Complex controls, circuits, motors, and compressors used in HVAC systems are particularly vulnerable to electrical surges. To protect these from voltage anomalies HVAC equipment and building electrical service panels are being incorporated with hardwired and standalone protectors. The expansion of the HVAC and refrigeration industries led to greater use of electrical equipment, which calls for dependable surge protection to preserve system integrity and guarantee continuous operation.
• Rising number of data centers and telecommunication networks: Expansion in the data centers and telecommunications sector has resulted in an increasing need for SPDs. Advanced devices such as routers, switches, antennas, and controllers that are susceptible to electrical surges can interfere with signals and create outages in telecom networks. Over the upcoming years, it is anticipated that telecom providers worldwide will upgrade their networks to 5G and beyond. Surge protectors are necessary since 5G infrastructure mostly depends on tiny cell towers with delicate radio equipment. Additionally, as fiber optic networks grow to accommodate 5G, terminal boxes and cabling will require high-performance protection against transients.

Challenges

• The availability of counterfeit goods: The market is severely hampered by the rising availability of counterfeit surge prevention equipment. Premature failures result from subpar parts and defective designs that reduce their ability to handle surges. This key factor is expected to hamper overall market growth during the forecast period.
• High initial costs: Though commercial surge protection devices are rapidly gaining traction; the high costs can hamper the adoption between 2025 and 2037. Small to medium companies with limited budgets cannot afford to deploy advanced solutions. This along with low awareness about the importance of these devices can hamper global sales in the coming years.