openPR Logo
Press release

Surge Protection Devices Market Overview, Top Key Players, Opportunities and Growth Analysis by Forecast to 2023

10-06-2017 06:27 AM CET | Energy & Environment

Press release from: Market Research Future

Market Highlights
Globally, there is a rise in the number of infrastructure projects. Especially, in North America and Europe, there is an increased number of urbanization projects underway where protection of electronic applications is of top priority. This is mainly due to the increased contribution of alternative energy systems to dwellings and the digitization projects of the automobile and industrial manufacturing processes. In the Asia Pacific region, there is need for surge protection devices since there is the issue of power quality and sudden high voltage, which can damage the electronic equipment. Surge Protection Devices Market is expected to grow over the CAGR of around 5% during the period 2016 to 2023

Market Research Analysis
North America is expected to dominate the surge protection devices market. This is mainly due to the fact that urbanization projects are rising in the region. Similarly, in the Europe region, digitization of manufacturing process, especially in the automobile and industrial sector is driving the market. For achieving higher production efficiency, intelligent ICT based machine systems that are capable of performing independently, are being implemented. This is acting as a lucrative market for surge protection devices. The Asia Pacific region is expected to achieve the highest CAGR during the forecast period.

Global surge protection devices market is expected to experience significant growth during the forecast period:

Request a Sample Copy @ https://www.marketresearchfuture.com/sample_request/2773

Key Players
The key players of global surge protection devices Markets are
• Siemens AG (Germany),
• Eaton Corporation Plc. (Ireland),
• Littelfuse, Inc. (U.S.),
• ABB, Ltd. (Switzerland),
• Schneider Electric SE (France),
• General Electric (U.S.),
• Vertiv(U.S),
• HAKEL spol. s r. o (Czech Republic).

Globally, there is an increase in the need for communication systems, servers and datacenters due to the industrial initiative to facilitate data capture, remote maintenance and remote diagnostics. This initiative is largely being applied to electrical and automobile sectors. To protect the critical equipment that are being used in datacenters and communication systems facilities, there is an increasing need for the protection systems equipment. Additionally, installations of high end electronic equipment, increased use of personal computers and air-conditioning systems in the developing & developed economies, are driving the market growth for surge protection devices. Also, a global increase in the use of alternative energy systems is also expected to the drive the market.

Advantages of using Hard wired surge protection devices
The urban development projects around the world are increasing, as well as their need to be protected from lightning strikes, is increasing. For lightning protection system, hard wired surge protection devices are used in the buildings to protect power control centers, distribution boards and reduce the risk to the building. Also, increase in the level of house hold applications such as television, air condition systems, and refrigerators also drive the need for surge protection devices. Increased digitization of the automobile and industrial sector is leading to increased implementation of datacenters and diagnostic centers. The market for surge protector devices is driven by the increased use of the automated systems.

For further information on this report, visit @ https://www.marketresearchfuture.com/reports/surge-protection-devices-market-2773

This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the Global surge protection devices market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:
Akash Anand,
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: akash.anand@marketresearchfuture.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 Surge Protection Devices Market Overview, Top Key Players, Opportunities and Growth Analysis by Forecast to 2023 here

News-ID: 758504 • Views:

More Releases from Market Research Future

Blood Transfusion Diagnostics Market Industry Analysis by Demand, Size, Share, Growth, Key Players, Trends, Revenue and Forecast Till 2032
Blood Transfusion Diagnostics Market Industry Analysis by Demand, Size, Share, G …
The Blood Transfusion Diagnostics Market plays a pivotal role in ensuring the safety and efficacy of blood transfusions, a critical component of modern healthcare. This market encompasses a variety of diagnostic tools and technologies designed to assess and manage blood compatibility between donors and recipients. Key components include blood grouping and typing, infectious disease screening, and antibody detection. The market addresses the increasing demand for accurate and timely diagnostics to
1 Hexene Market size, Scope, Growth Opportunities, Trends by Manufacturers and Forecast to 2032
1 Hexene Market size, Scope, Growth Opportunities, Trends by Manufacturers and F …
1-Hexene, a key chemical intermediate primarily used in the production of polyethylene, is experiencing a significant surge in demand globally. This demand is driven by several factors, including the growing need for high-density polyethylene (HDPE) and linear low-density polyethylene (LLDPE) in various industries such as packaging, construction, and automotive. The 1 Hexene Market is estimated at US$ 0.142 billion in 2024 and is forecasted to increase rapidly at a CAGR of
Hydroxypropyl Methylcellulose Capsules Market Surge to Witness Huge Demand at a CAGR of 9.40% during the forecast period 2032
Hydroxypropyl Methylcellulose Capsules Market Surge to Witness Huge Demand at a …
Hydroxypropyl Methylcellulose (HPMC) capsules are a popular choice in the pharmaceutical and nutraceutical industries due to their versatility, safety, and stability. These capsules are derived from cellulose, a natural polymer, and are widely used for encapsulating a variety of drugs, supplements, and vitamins. The HPMC capsules market has been experiencing steady growth over the years, driven by several key factors. Hydroxypropyl Methylcellulose Capsules Market was valued at USD 0.420 Billion in
Skincare Market Size, Share, Trends, Analysis, Demand 2023-2032
Skincare Market Size, Share, Trends, Analysis, Demand 2023-2032
The Skincare Market was valued at USD 7.15 Billion in 2022. It is forecasted to increase from USD 7.54 Billion in 2023 to USD 11.58 Billion by 2032, demonstrating a compound annual growth rate (CAGR) of 5.51% between 2023 and 2032. The comprehensive scope and research methodology of the Skincare Market report lay the foundation for a detailed and insightful analysis of the industry. The report's scope encompasses a broad spectrum,

All 5 Releases


More Releases for Globally

Earnex is expanding globally
Earnex, a leading online retail CFD broker trading in financial derivatives on the Asian and the Middle East Markets, is expanding its network by reaching to traders and investors with different level of experience across the world. The company specialises in CFDs, Currency, Indices, Commodities, Bonds and Equity Markets. Earnex is an online broker that enables sophisticated traders to trade the market and investors to back them through the traders'
Mixed Reality in Gaming Market: Keen Players Focus on R&D for Innovation, Global …
A recent market publication by Transparency Market Research (TMR) detects the global mixed reality in gaming market to be a fragmented one on account of the presence of a multitude of players. At present, keen players in the global mixed reality in gaming market are pouring money into research and development and setting up new facilities for innovation. Collaborations and partnerships is another notable trend observed among key players is
Methanol Market to Grow Globally
Methanol is a liquid which is manufactured mostly through oxidization of methane or through synthesis of carbon monoxide and hydrogen. Methanol is termed as wood alcohol since it depicts properties similar to conventional fuels. Methanol is chiefly utilized as a fuel in vehicles as well as an antifreeze solution in automobiles. It is also used as a feedstock for manufacturing various products such as formaldehyde, acetic acid, MTBE, DME, and
Nanocellulose Market to Grow Globally
Nanocellulose is a lightweight material processed from plant cellulose or wood pulp. Nanocellulose is produced through chemical or mechanical treatment of cellulose—a biopolymer material abundantly available in nature. Nanocellulose finds wide application across various industries, owing to characteristics such as superior mechanical, thermal, rheological, and structural properties. Unique properties of nanocellulose include high aspect ratio, biodegradability, high strength, and low density. Nanocellulose can be employed in virtually every field. It
Graphene Market to Grow Globally
Graphene is a crystallized form of carbon that is million times thinner than human hair or a sheet of paper. It is extremely flexible, highly conductive, and possesses high level of heat resistance as compared to copper and silver.This wonder material absorbs 2% of light and hence,is almost perfectly transparent, impermeable to gases, and chemical components can be added to alter its properties. These attributes of the material enables its
Agrochemicals Market to Grow Globally
Agrochemicals is the generic name of chemical products used in the agricultural field. These include pesticides, insecticides, fungicides, herbicides, nematicides, synthetic fertilizers, bio fertilizer, and chemical growth agents, among others. Increasing population and surging urbanization in turn puts additional pressure on the already diminishing farmlands. Agrochemicals help to effective cultivate and manage crop and increase production. Thus, these factors greatly support growth of the global agrochemicals market. Various government and