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
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.
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