Global
surge protection devices market was valued at USD 1,890.5 million in
2013; growing at a CAGR of 5.6% from 2014 to 2020 to account for USD
2,808.6 million in 2020.
Increase
in the usage of high technological electrical equipment with rise in
disposable incomes and the reduction in maintenance costs, delays and
data loss are the prime factors driving the surge protection devices
market. The increasing demand for highly technological and
sophisticated appliances such as LED televisions and personal
computers are rising rapidly. These devices are very sensitive and
could be easily damaged by small fluctuation in the voltage. In order
to protect these devices from the power surges or spikes, the demand
for surge protection devices is increasing.
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the full Surge Protection Devices Market Report at
http://www.transparencymarketresearch.com/surge-protection-devices-market.html
Line
cord devices held the largest market revenue share accounting to USD
650.3 million in the year 2014. The hard wired devices segment is
expected to grow at a faster rate than the other segments, as it
protects against transients that come through utility power lines.
Hard wired devices can prevent transients that originate from
electrical circuits and further prevent it from affecting other
circuits attached to it. Growing business and rapid industrialization
in the emerging economies of Asia-Pacific and the Rest of the World
region are further expected to drive growth in the surge protection
devices market over the forecast period from 2014 to 2020.
The
industrial segment led the surge protection devices market in 2014
accounting for USD 763.2 million. The dominance of this segment is
due to growing industrialization in emerging countries across the
globe. The increasing automation in both manufacturing and processing
industry has increased the demand for surge protection devices in the
industrial machineries and equipment. Commercial sector is analyzed
to be the fastest growing application segment for surge protection
devices and is expected to attain a significant growth in the coming
future. The commercial sector is expected to grow with a CAGR of 6.3%
over the forecast period from 2014 to 2020.
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Geographically,
North America led the global surge protection devices market by
accounting for USD 801.9 million in 2014. Although the market is
expected to witness least growth rate as compared to other regions,
the region is expected to continue its dominance in 2020. Asia
Pacific is expected to witness the fastest growth rate compared to
other regions over the next six years. The growing demand for new
sophisticated electrical devices such as washing machine, microwave
ovens and LED televisions among others in countries such as
Indonesia, India and Cha is significant which increases the demand
for surge protection devices. Thus, the region is expected to grow at
a CAGR of 6.4% over the forecast period from 2014 to 2020. Europe and
Asia-Pacific collectively account for almost half of the global
market revenue share.
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Press Release of Surge Protection Devices Market at @
http://www.transparencymarketresearch.com/pressrelease/surge-protection-devices-market.htm
The
report provides company market share analysis of the various industry
participants. Key players have also been profiled on the basis of
company overview, financial overview, business strategies, SWOT
analysis, and recent developments in the field of surge protection
devices. Major market participants profiled in this report include
Schneider Electric, Eaton Corp., Emerson Electric Co., GE Industrial
Solutions and Phoenix Contact GmbH. among others.
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all Press Releases:
http://www.transparencymarketresearch.com/press-releases.htm
Surge
Protection Devices Market: By type
Plug-in
devices
Hard
wired devices
Line
cord devices
Power
control center
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all Article :
http://www.transparencymarketresearch.com/articles.htm
Surge
Protection Devices Market: By application
Commercial
Industrial
Residential
Surge
Protection Devices Market: By geography
The
report also provides a cross-sectional analysis of all the above
segments with respect to the following regions:
North
America
Europe
Asia
Pacific
Rest
of the World
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All Semiconductor & Electronics Market Research Reports @
http://www.transparencymarketresearch.com/semiconductor-market-reports-5.html
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