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Surge Protection Devices Market Size to Incur Rapid Extension at Magnifying CAGR by 2022 – Growth Opportunities with Key Players like Raycap GmbH, General Electric Company, Schneider Electric, Emerson Electric, Pentair Technical Solutions, Eaton, Tripp

06-04-2019 08:06 AM CET | IT, New Media & Software

Press release from: Premium Market Insights

Surge Protection Devices Market | Premium Market Insights

Surge Protection Devices Market | Premium Market Insights

Surge protection devices (SPDs) are designed to protect electrical appliances from voltage spikes. SPDs limit the voltage supplied to an electric device either by blocking or shorting to ground any unwanted voltages above a safe threshold limit. They are used in automatic control buses, electric power supply networks, telephone networks, and various communication systems. The global surge protection devices market accounted for $2,137 million in 2015, and is estimated to reach $3,167 million by 2022, growing at a CAGR of 5.7% from 2016 to 2022.

Get PDF sample copy: https://www.premiummarketinsights.com/sample/AMR00013020

Companies Covered in this Report are:
Raycap GmbH,
General Electric Company,
Schneider Electric SE,
Emerson Electric Co.,
Pentair Technical Solutions,
Eaton Corporation plc,
Tripp Lite,
Leviton Manufacturing Co., Inc.,
Crompton Greaves Limited,
PHOENIX CONTACT GmbH & Co. KG

Increase in demand for electronics appliances in commercial & residential sectors drives the growth of the market. Moreover, high costs incurred due to electrical equipment downtime have encouraged the adoption of SPDs and provide safety in industries and domestic sector.

Key factors that hamper the growth of this market include low awareness about surge protection devices among small-scale manufactures and competition from uninterrupted and non-fluctuating power supply systems. Increase in awareness for need of SPDs, rapid industrialization, and power supply issues in developing countries provide growth opportunities to the market.

The surge protection devices market is segmented on the basis of type, application, and geography. On the basis of type, it is further fragmented into plug-in devices, hardwired devices, line cord devices, and power control center. By application, it is categorized into commercial, residential, and industrial. Geographically, this market is analyzed across North America, Europe, Asia-Pacific, LAMEA.

KEY BENEFITS FOR STAKEHOLDERS
This report provides an extensive analysis of the current & emerging market trends and dynamics of the global surge protection devices market.
In-depth analysis is done by constructing market estimations for the key market segments between 2014 and 2022.
The projections in this report are made by analyzing the current trends and future market potential from2014 to 2022, in terms of value.
This report provides the quantitative analysis of the current trends and future estimations, which assists to identify the prevailing market opportunities.
Extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
Comprehensive analysis of all regions is provided, which determines the prevailing opportunities in these geographies.

Buy the complete report with Comprehensive table of contents @ https://www.premiummarketinsights.com/buy/AMR00013020

KEY MARKET SEGMENTS:

By Product
Plug-in devices
Hardwired devices
Line cord devices
Power control center

By Application
Residential
Commercial
Industrial

By Geography
North America
Europe
Asia-Pacific
LAMEA

About Premium Market Insights:
Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers.

The market research industry has changed in last decade. As corporate focus has shifted to niche markets and emerging countries, a number of publishers have stepped in to fulfil these information needs. We have experienced and trained staff that helps you navigate different options and lets you choose best research solution at most effective cost.

Contact Us:
Name: Sameer Joshi
Organization: Premium Market Insights
Email: sales@premiummarketinsights.com
Phone: +1-646-491-9876

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