Press release
Global Surge Protection Devices market from 2016 to 2023 new research
According to a new market report published by Credence Research Inc “Surge Protection Devices Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022,” the global surge protection devices market is predicted to observe significant growth through the forecast period 2015 – 2022. This growth is primarily attributed to increasing numbers of middle class families and their rising income level across the world. These families are expected to invest in high-end technology devices such as LED and LCD TVs, home theaters, heating ventilating and cooling (HVAC) equipment and personal computers. Increasing importance to protect this expensive equipment from transient voltage is expected to spur the demand for surge protection devices throughout the forecast period 2016 – 2022.Browse Full Report At http://www.credenceresearch.com/report/surge-protection-devices-market
In addition, growing digitization in commercial sector and automation in industrial areas are expected to increase the demand for electrical equipment. These electrical equipment and devices are very sensitive to small voltage fluctuation. Voltage surge in industrial and commercial equipment result into large down time and data losses which cost very high for these enterprises.
Different types of surge protection devices used to protect electrical equipment from voltage surges and spikes, lighting strikes and grid shifting which include plug-in surge protectors, line chord surge protectors, hard wired surge protectors and power control surge protectors. Line chord surge protectors have multiple outlets and are used to protect multiple devices in one room. This segment accounted for the largest market share of 38.0% in 2014. This segment is expected to grow at a steady rate with growing demand of expensive electronic devices such as home entertainment systems, LED and LCD TVs, and personal computers. Hard wired surge protectors are expected to see the fastest growth with growing residential and commercial construction industry and increasing number of manufacturing plants globally.
Depending upon surge suspension capacity of surge protection devices, we have segmented this market into low voltage surge protectors and high voltage surge protectors. Low voltage surge protector devices are used to for surge suspension on circuit’s rate 1500v and below. High voltage surge protector devices are used for surge suspension on circuit’s rate above 1500v. Surge protection devices market was dominated by low voltage surge protection devices and accounted for 65.5% of revenue share in 2014. However, high voltage surge protection devices are expected to see a fastest growth through the forecast period 2016 – 2022. This growth is primarily attributed to stringent policies in construction industries to protect buildings from lighting strikes.
Request For Customization: http://www.credenceresearch.com/request-for-customization/57971
Industrial segment represents the largest end user segment for surge protection devices in India. This segment accounted for 40.5% of revenue share in the global surge protection devices market. With growing industrialization and rising automation in both manufacturing and processing industries represents a huge demand for surge protectors. Commercial segment is expected to see the fastest growth in end users market.
Blog: http://www.mobilecomputingtoday.co.uk/4099/global-surge-protection-devices-market-reach-3-15-2022-credence-research/
Media Contact
Name: Chris Smith (Global Sales Manager)
Address: 105 N 1st ST #429, SAN JOSE, CA 95103 US
E-mail: sales@credenceresearch.com
Ph: 1-800-361-8290
Web: http://www.credenceresearch.com
About Us:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Office No 01, 1st Floor,
Aditi Mall, Baner, Pune,
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 from 2016 to 2023 new research here
News-ID: 371290 • Views: …
More Releases from Acute Market Reports

Pediatric Allergy Treatment Market Set to Soar: Projected to Reach $13.9 Billion …
The pediatric allergy treatment market is experiencing significant growth, driven by the rising prevalence of allergic conditions among children. Allergies, including food allergies, allergic rhinitis, asthma, and skin allergies, are becoming increasingly common in the pediatric population. This trend has led to a growing demand for effective treatment options that can provide relief and improve the quality of life for children affected by these conditions. The market for pediatric allergy…
Strippable Coatings Market Is Expected To Expand At A CAGR Of 7.1% From 2024 To …
Strippable coatings, also referred to as peelable coatings, are a type of non-flammable, water-based protective solution that can be easily removed from surfaces without the need for harsh chemical strippers or cleaners. Composed of water-based acrylic polymers, vapor phase corrosion inhibitors, and a thixotropic thickener, these coatings enhance barrier and surface protection properties. They can be applied via brush, spray, dip, or roll and are primarily utilized on bare metal…
Bakeware Market | Global Industry Size, Development Strategy, Revenue Analysis, …
The market for bakeware is a dynamic and evolving sector that serves both commercial and residential consumers. In 2023, the bakeware market was valued at $3,850.0 million and is projected to reach $6,462.2 million by the end of 2032. This market is anticipated to grow at a compound annual growth rate (CAGR) of 5.91% during the forecast period from 2024 to 2032. The growth is largely driven by a resurgence…
Global Wire Harness Market Set to Expand Through 2032 with Major Growth Drivers …
The global wire harness market is poised for robust growth, with a projected compound annual growth rate (CAGR) of 5.8% from 2024 to 2032. This growth trajectory is primarily driven by significant advancements in the automotive sector, escalating demand within consumer technology, and increasing applications in aerospace and defense sectors.
In the automotive industry, the wire harness market has seen substantial growth, primarily fueled by the advent of electric vehicles (EVs)…
More Releases for Credence
Equine Healthcare Market 2018-2026 - Size and Forecast, Credence Research
The global equine healthcare market was valued at US$ 626.2 Mn in 2017 expanding at a CAGR of 4.0% from 2018 to 2026.
SANJOSE, United States – January 10, 2019 —
The latest market report published by Credence Research, Inc. “Equine Healthcare Market – Growth, Future Prospects, Competitive Analysis, 2018 – 2026,” the global equine healthcare market was valued at US$ 626.2 Mn in 2017 expanding at a CAGR of 4.0% from…
Global Industrial Rubber Products Industry 2017-2025 Credence Research
According to the latest report published by Credence Research, Inc. “Industrial Rubber Products Market - Growth, Future Prospects and Competitive Analysis, 2017-2025,” the global industrial rubber products market was valued at US$ 48.96 Bn in 2016, and is expected to reach US$ 79.41 Bn by 2025, expanding at a CAGR of 5.5% from 2017 to 2025.
Browse the full report Industrial Rubber Products Market - Growth, Future Prospects and Competitive Analysis,…
Global Biopesticides Industry 2017-2025 Credence Research
According to the latest report published by Credence Research, Inc. “Biopesticides Market - Growth, Future Prospects and Competitive Analysis, 2017-2025,” the global biopesticides market was valued at US$ 3.47 Bn in 2016, and is expected to reach US$ 12.23 Bn by 2025, expanding at a CAGR of 14.8% from 2017 to 2025.
Browse the full report Biopesticides Market - Growth, Future Prospects and Competitive Analysis, 2017–2025 report at http://www.credenceresearch.com/report/biopesticides-market
Market Insights
The use…
Credence Security Enters in to Partnership with CensorNet
Dubai, United Arab Emirates – April 10, 2017 – CensorNet, the complete cloud security company, has announced that it has selected Credence Security, a subsidiary of Cognosec AB, and the region’s specialty distribution company, as its Value Added Distributor (VAD) for the Middle East, Africa, India and Pakistan regions.
Credence Security and CensorNet will work together to offer the cyber security company’s advanced cloud security products, including its Unified Security…
Global Biostimulants Industry 2016-2024 Credence Research
The latest industry report published by Credence Research, Inc. “Biostimulants industry, By Crop Type, Application and Active Ingredients - Growth, Future Prospects and Competitive Analysis, 2016 - 2023,” the global biostimulants industry was valued at US$ 1.7 Bn in 2015, and is expected to each US$ 3.8 Bn by 2023, expanding at a CAGR of 10.7% from 2016 to 2023.
Browse the full Biostimulants industry - Growth, Future Prospects and Competitive…
Credence Research: Industry Analysis Report for Liquid Biopsy Market 2017
In a latest report published by Credence Research, Inc. “Liquid Biopsy: industry Growth, Future Prospects and Competitive Analysis, 2016-2022,” the liquid biopsy industry was valued at USD 1,881.9 Mn in 2015, and is expected to reach USD 10,850.3 Mn by 2022, expanding at a CAGR of 24.7% from 2016 to 2022.
industry Insights
In the past, tissue samples extracted through biopsy were evaluated to detected malignancy. However, some micrographs delivered inconsistent and…