Press release
Global Surge Protection Devices Market Set to Surge, Reaching US$ 4.9 Billion by 2031: Transparency Market Research
The Global Surge Protection Devices Market is poised for substantial growth, according to the latest market research report. Valued at over US$ 2.9 billion in 2021, the market is estimated to expand at a CAGR of 5.3% from 2022 to 2031, reaching a projected value of US$ 4.9 billion by the end of 2031.Download Sample PDF from Here- https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2939&utm_source=Openpr&utm_medium=Amit
Booming Electronic Industry and Technological Advancements to Propel Market Growth
The surge protection devices market is anticipated to witness significant growth driven by the thriving electronic industry and the increasing adoption of major electronic devices. Companies in the market are strategically targeting high-growth end-use applications including industrial, commercial, and residential sectors. With rising power requirements and evolving technical demands on power supply and storage systems, there is a heightened focus on designated devices capable of protecting electrical devices from load imbalances and suitable for high switching rate applications. Manufacturers are aligning their efforts with current trends in the electric sector such as the use of advanced materials and miniaturization to cater to evolving consumer needs.
Overview of Surge Protection Devices Market
Surge protection devices play a critical role in electrical installation protection systems, safeguarding electrical power supply, communication, and telephone networks. These devices efficiently mitigate overvoltage risks, limiting voltage supply to electric devices by blocking or shorting excess voltage. With the increasing usage of electrical equipment such as home entertainment systems, personal computers, and microwave ovens, the market for surge protection devices is poised for growth during the forecast period.
Factors Driving Market Growth
Rising demand for protection systems for electronic devices and increasing utility customer demands for power supply stability are key drivers propelling market growth. Surge protection devices play a crucial role in saving expensive electronic items and equipment from potential damage. The market is further fueled by the growing demand for technologically advanced electrical equipment, driven by rising disposable incomes.
Access Full Report from Here - https://www.transparencymarketresearch.com/surge-protection-devices-market.html
Market Segmentation
Type
• Hard-Wired
• Plug-In
• Line Cord
Discharge Current
• Below 10 kA
• 10 kA-25 kA
• Above 25 kA
End-Use
• Industrial
• Commercial
• Residential
Regional Outlook
Asia Pacific is anticipated to emerge as the fastest-growing region in the global surge protection devices market, driven by growing industrialization and urbanization in developing economies. North America currently holds a significant market share, propelled by increased demand for surge protection devices in industrial applications.
Major Players
• ABB Ltd
• Belkin International
• Eaton Corporation
• Emerson Electric
• General Electric
• Havells India Ltd.
• LittleFuse
• PHOENIX CONTACT GMBH
• RAYCAP CORPORATION
• Rev Ritter GMBH
• Schneider Electric
• Siemens AG
• Tripp Lite
Click Here to Purchase this Comprehensive Insights Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=2939<ype=S&utm_source=Openpr&utm_medium=Amit
0About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
Contact Us:
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Email: sales@transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Surge Protection Devices Market Set to Surge, Reaching US$ 4.9 Billion by 2031: Transparency Market Research here
News-ID: 3549056 • Views: …
More Releases from Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth.
Uncover essential discoveries and trends from…
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth.
Discover essential conclusions and data from our Report in this sample -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100
Analysts' Viewpoint
The Technetium‐99m…
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine…
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,…
More Releases for Surge
LED Lighting Surge Protector Market
An LED lighting surge protector is a device that safeguards LED lights from voltage spikes. These spikes, or surges, can be caused by lightning strikes, power outages, or even the switching on and off of large appliances on the same circuit.
Surge protectors typically contain MOVs (metal oxide varistors) which are special resistors that divert excess voltage away from the delicate electronics in LED lights. When a surge happens, the…
Surge Protector Market Growth Set to Surge Significantly During 2021 - 2030
A power surge protector is designed to protect electrical appliances from voltage spikes. These protectors limit the voltage supplied to an electric device by either blocking or shorting any unwanted voltages above a safe threshold limit to the ground. They are used in automatic control buses, electric power supply networks, telephone networks, and various communication systems.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞: https://www.alliedmarketresearch.com/request-sample/15363
The Global Surge Protector Market size was valued at $3.9…
Surge Arrester Market estimated to improve the demand for surge arrester in the …
Surge arrester is a device which works as a protector for electrical equipment from over voltage transient caused by switching (internal) or lightning (external) activities. Surge arrester is widely utilized to protect the power transmission and distribution equipment and also in applications such as railways. The surge arrester is also known as transient voltage surge suppressor (TVSS) and surge protection device (SPD).
To remain ‘ahead’ of your competitors, request for a…
Global Surge Arrester Market Poised to Surge USD 105.84 million in 2022
The market research report titled “Global Surge Arrester Market Poised to Surge USD 105.84 million in 2022” and published by Zion Market Research provides an insightful comprehension about the growth aspects, dynamics, and working of the global Canada Surge Arrester Market. The report entails details about the market with data collected over the years with its wide-ranging analysis. It also comprises the competitive landscape within the market together with a…
Market Set to Surge Significantly During
Electromagnetic navigation bronchoscopy uses electromagnetic technology to localize and guide endoscopic tools through the bronchial pathways of the lungs. Electromagnetic navigation bronchoscopy consists of a disposable working channel, a disposable guide catheter, software, and hardware components such as computers, monitors, and the electromagnetic board. The location sensor is attached at the distal tip of the guide catheter.
Electromagnetic Navigation Bronchoscopy Market: Drivers and Restraints
The attractive advantages of electromagnetic navigation bronchoscopy, especially…
Surge Arresters Market - Demand for Surge Arresters Significantly across the Wor …
Surge arresters are used to protect electronic appliances and machineries from damages caused due to sudden voltage surges. The surge arresters are attached on the conductors just before it enters the electrical equipments.
The market is expected to grow during the forecast period due to the increasing demand for electronic appliances in households across the globe.
The market of surge arresters in primarily being driven due to the changing lifestyle of…
