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Surge Protection Devices Market holds a substantial scope for growth owing to growth in need to protect electronic equipment from power fluctuation.
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Surge Protection DevicesMarket - 2014-2022: Challenges, Trends & Drivers Opportunities and Forecasts, 2014- 2022 Surge Protection Devices Market
INTRODUCTION Surge Protection Devices Market holds a substantial scope for growth owing to growth in need to protect electronic equipment from power fluctuation. The surge protection devices (SPDs) market is driven by increase in demand for usage of electronics appliances in commercial and residential sectors. Moreover, high costs incurred due to electrical equipment downtime have encouraged the adoption of SPDs and provide safety in industries and domestic sector. Surge Protection Devices Market
Global Surge Protection DevicesMarket Segmentation The market is driven by factors such as high demand for electronic appliances, growth in need to protect sensitive electronic appliances from power fluctuation, easy installation, and lower cost. Surge Protection Devices Market
Top Investment Pocket Currently, residential and industrial segments have witnessed significant adoption of SPDs. Residential segment has high rate of adoption due to increase in demand for SPDs in appliances such as air conditioning systems, room heater, televisions, computers, and kitchen appliances. Surge Protection Devices Market
MARKET KEY BENEFITS: • This report provides an extensive analysis of the current & emerging trends and dynamics of the global surge protection devices market. • In-depth analysis is done by constructing market estimations for the key market segments between 2014 and 2022. • The projections in this report are made by analyzing the current trends and future market potential from 2014 to 2022, in terms of value. • This report provides the quantitative analysis of the current trends and future estimations, which assists to identify the prevailing market opportunities. • Extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework. • Comprehensive analysis of all regions is provided, which determines the prevailing opportunities in these geographies. Surge Protection Devices Market
Market Key Segments Overview: By product, the market is classified into plug-in devices, hardwired devices, line chord devices, and power control center. Line cord devices segment contributed the largest share among product segment in 2015, whereas industrial application has the highest market share among the application segment in the same year. Geographically, North America dominated the surge protection devices market in 2015 owing to increase in demand for electronics appliances in industrial and residential areas. Europe was the second largest regional market for surge protection devices, in terms of revenue. Surge Protection Devices Market
Market Segments Surge Protection Devices Market
Leading Players Key players that operate in this market are: Raycap GmbH, General Electric Company, Schneider Electric SE, Emerson Electric Co., Pentair Technical Solutions, Eaton Corporation plc, Tripp Lite, Leviton Manufacturing Co., Inc., Crompton Greaves Limited, and PHOENIX CONTACT GmbH & Co. KG About Allied Market Research: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". Surge Protection Devices Market
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