Press release
Surge Protection Devices Market to Exhibit 5.60% CAGR from 2014 to 2020
Browse the full Surge Protection Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020 report at http://www.transparencymarketresearch.com/surge-protection-devices-market.html
By type, the surge protection devices market is fragmented into hard wired devices, power control center, plug-in devices, and line cord devices. In 2014, line cord devices generated US$650.3 mn in revenue, making it the dominant segment that year. Hard wired devices, on the other hand, are forecast to register the highest CAGR from 2014 to 2020.
On the basis of application, the surge protection devices market is segmented into industrial, commercial, and residential. The industrial segment accounted for the largest share of the surge protection devices market in 2014, amounting to US$763.2 mn that year. This segment is largely driven by rapid industrialization in Asia Pacific as well as the Rest of the World region where the usage of automated processes in processing and manufacturing is rather high. The commercial sector, on the other hand, is projected to witness the highest CAGR at 6.30% from 2014 to 2020.
The global surge protection devices market is geographically divided into North America, Europe, Asia Pacific, and Rest of the World. In 2014, North America dominated the overall market owing to increasing sales of electrical equipment in the residential and industrial sectors. Valued at US$801.9 mn in 2014, North America will continue to lead the global market, even though it is predicted to register the lowest growth rate during the forecast period.
Asia Pacific, on the other hand, is anticipated to become the most rapidly developing regional segment of the surge protection devices market, registering a 6.40% CAGR from 2014 to 2020. This region is driven by increasing demand for sophisticated electrical and electronic equipment such as microwave ovens, LED televisions, and washing machines. The demand for this equipment is most likely to stem from developing economies such as China, Indonesia, and India.
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The research report identifies the major participants operating in the global surge protection devices market and analyzes them on the basis of various attributes. The players profiled in the surge protection devices market report are GE Industrial Solutions, Schneider Electric S.E., Tripp-Lite, ERICO International Corporation, Raycap Corporation S.A., Emerson Electric Co., Eaton Corp. PLC., Leviton Manufacturing Co. Inc., Phoenix Contact GmbH, Crompton Greaves Ltd., and Legrand S.A.
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations
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