Surge Protection Device Market is bound to Exhibit Comprehensive Growth – IndustryARC

04/feb/2016 12.54.18 IndustryARC Contatta l'autore

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Surge protection devices allow multiple components to plug into a single power socket. A power surge is a significant increase in voltage above the designated level. If power voltage rises above the standard voltage, it is likely to damage the electronic equipment.

IndustryARC claims that the Surge Protection Device Market will grow at 7.42% CAGR during the forecast period 2015-2021.

Browse 142 Pages and an in-depth TOC on “Surge Protection Device Market”: http://industryarc.com/Report/15001/surge-protection-device-market.html

MARKET TRENDS AND MARKET GROWTH STATISTICS:

Surge Protection Device Market Driving Factors:

Surge Protection Device Market is expected to experience significant growth in the coming years due to the increasing demand by end users such as residential, industries, commercial, medical, telecommunication, data centers and others. The increase in the usage of electrical equipment such as personal computers, microwaves, washing machines and alarms are amplifying the demand for surge protection devices globally.

Most of the industries today are tending towards automation to reduce time, increase productivity and cut down the costs. This has led to produce more electronic based devices. There has also been a drastic increase in home automation which focuses more and more on electronic devices being integrated for common operations. Most of the microprocessor based electronic devices need power protection to function at ease and avoid issues poised by power fluctuations and this has been ignored due to low awareness of surge protection devices.

Geographical Brief of the Surge Protection Device Market:

Though past records suggest North America to have been the top leading region in the Surge Protection Device Market, it is expected to grow with the lowest growth rate of all geographical segments of this industry. Even currently, America records the highest revenue. Market analysis confirms that APAC will be growing with the fastest CAGR during the future 5-6 years, followed by Europe. The success of the APAC region will be owing to the growing demand for sophisticated electrical equipment such as LED televisions, microwave ovens, and washing machines, among others in developing countries such as India, Indonesia, and China.

Segment Wise, the commercial sector is anticipated to exhibit the fastest growth of all application segments of the Surge Protection Device Market.

REPORT SCOPE: Market Segmentation:

The Surge Protection Device Market is divided into 6 broad types based on the following factors, as analyzed by the experts of IndustryARC:

  • By Protection Type: Line to Neutral, Neutral to Ground and Line to Ground.
  • By Type: Type 1, Type 2, Type 3 and Others.
  • By Power Rating Mode: 0-50 kA, 50.1-100 kA, 100.1-200 kA, 200.1 kA and Above.
  • By Component: Metal Oxide Varistor, Gas Discharge Tube, Silicon Avalanche Diode and Others.
  • By End User Industry: Residential, Commercial, Industrial, Medical, Telecommunication, DataCenter, Transportation and Others.
  • By Geography: Americas, Europe, APAC and ROW.

The above mentioned segmentations are further classified into sub divisions which are included in depth in this report.

Surge Protection Device Market Key Players:

Few notable players of Surge Protection Device Market which are studied and mentioned in detail with respect to all aspects by IndustryARC are mentioned below:

  • Eaton Corp.
  • ABB
  • Siemens AG
  • Leviton
  • Emerson Electric
  • Schneider Electric

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About IndustryARC:

IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

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