The Infinium Global Research analyzes the Surge Protection Device Market over the period of 2018 to 2024. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in the global surge protection device market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of surge protection device. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the surge protection device market during the period. The global surge protection device market is projected to grow at a CAGR of 5.2% over the forecast period of 2018-2024.
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Increasing Awareness Associated with the Need for Surge Protection Devices and Rapid Industrialization in Developing Countries Creates Significant Opportunities
Surge protection devices are divided into three types such as Type 1 SPD, Type 2 SPD, and Type 3 SPD. According to their types, they are used for specific application. Type 1 SPD is used in the specific case of service-sector and industrial buildings, protected by a lightning protection system or a meshed cage. Increasing demand for surge protection device in industrial, commercial, and service sector buildings, drives the growth of the surge protection device market. The Type 2 SPD is the main protection system for all low voltage electrical installations. Rising usages of Type 2 SPD in low voltage electrical installation is a supporting factor boosting the market growth. They are widely used in electric power supply networks, telephone networks, and communication and automatic control buses.
Additionally, surge protection devices are also used in refrigerators, dishwashers, and laundry units to protect from damage due to a power surge. The market is also driven by factors such as low installation cost and easy installation and a rise in demand for usages of electronic equipment in commercial and residential sectors. However, low awareness related to Surge protection devices among the small manufacturers and the non-fluctuating power supply system is the factor hampering the growth of the Surge protection device market. Going further, increasing awareness associated with the need for Surge protection devices and rapid industrialization in developing countries creates significant opportunities for the global Surge protection device market during the forecast period.
North America is Accounted for the Largest Market Share Protection Device Market
On the basis of region, Surge North America accounted for the largest market share protection device market and is anticipated to grow at the highest CAGR during the forecast period. The major factors responsible for the growth of the market are a rise in sales of electronic appliances in the residential and industrial sector and growing awareness related to the benefits of the Surge protection device. Europe is the second largest region for the Surge protection device market in terms of revenue. The Asia Pacific region is anticipated to be the fastest growing region during the forecast period owing to the presence of large-scale manufacturing key players in this region. Additionally, investments in infrastructure modernization in countries such as India and China are boosting the Surge protection device market in the Asia Pacific. Moreover, the major factor such as the steady pace of industrialization in the Asia Pacific region fuelling the demand for the surge protection device market.
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Table of Content
Chapter 1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
2.1. Surge Protection Device Market Highlights
2.2. Surge Protection Device Market Projection
2.3. Surge Protection Device Market Regional Highlights
Chapter 3. Global Surge Protection Device Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Porter's Five Forces Analysis
3.4. IGR-Growth Matrix Analysis
3.5. Value Chain Analysis of Surge Protection Device Market
Chapter 4. Surge Protection Device Market Macro Indicator Analysis
Chapter 5. Global Surge Protection Device Market by Type
5.1. Type 1 SPD
5.2. Type 2 SPD
5.3. Type 3 SPD
Chapter 6. Global Surge Protection Device Market by End User
6.1. Residential
6.2. Industrial
6.3. Commercial
Chapter 7. Global Surge Protection Device Market by Region 2018-2024
7.1. North America
7.2. Europe
7.3. Asia-Pacific
7.4. RoW
Chapter 8. Competitive Landscape in the Global Surge Protection Device Market
8.1. ABB, Ltd.
8.2. Emerson Electric Co.
8.3. Schneider Electric Se
8.4. Eaton Corporation, PLC.
8.5. Siemens AG
8.6. Littelfuse, Inc.
8.7. General Electric Company
8.8. Leviton Manufacturing Company, Inc.
8.9. Advanced Protection Technologies, Inc.
8.10. Belkin International
8.11. Tripp Lite
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the surge protection device.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of the product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
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