Global Surge Protection Devices Market to Grow at a CAGR of 5.8% by 2021 - Analysis By Product & End User - Research and Markets

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25 Apr, 2017, 20:45 GMT

DUBLIN, Apr. 25, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Surge Protection Devices Market 2017-2021" report to their offering.

The global surge protection devices market to grow at a CAGR of 5.83% during the period 2017-2021.

The report, Global Surge Protection Devices Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.

One trend in the market is increasing reliance on renewable energy sources. Surge protection devices are used to control voltage levels at power plants. The increase in electricity generation from wind turbines, solar power and other renewable sources also involves certain risks. For instance, wind turbines are prone to capture lightning discharge.

According to the report, one driver in the market is increasing use of electronics in residential sector. Consumer electronics refer to all household appliances such as refrigerators, air conditioners, and TVs. All these electronic appliances use surge protection devices to protect the appliance from the overflow of current. The increasing levels of disposable income and the urge to have a hassle-free life has led people to use these electronic appliances. In the last five years, there has been growth in markets and the strengthening of established markets, which has led people to buy more consumer electronics. There have been dynamic changes in the incomes and spending patterns of individuals. APAC leads in the consumer electronics market because of the growing middle-class population and availability of trained labor in countries like China, India, Japan, Malaysia, and Singapore.

Key vendors

  • Eaton
  • Emerson
  • Schneider Electric
  • General Electric

Other prominent vendors

  • ABB
  • Belkin International
  • Hubbell Incorporated
  • Legrand
  • Leviton Manufacturing
  • Siemens
  • Tripp Lite

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by product

PART 07: Market segmentation by end-user

PART 08: Geographical segmentation

PART 09: Decision framework

PART 10: Drivers and challenges

PART 11: Market trends

PART 12: Vendor landscape

PART 13: Key vendor analysis

PART 14: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/ztg98p/global_surge

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