Global Surge Protection Device Market 2015-2019
About Surge Protection Device
Sudden increase in voltage significantly above the designated level in the flow of electricity is termed as power surge. These sudden spikes in the flow of electricity are harmful to appliances. It can damage machines after frequent surges or immediately. Surge suppressor devices protect electrical appliances from getting damaged by diverting the extra electricity generated during spikes to the grounding wire.
TechNavio's analysts forecast the Global Surge Protection Device market to grow at a CAGR of 5.79 percent over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the Global Surge Protection Device market for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of devices listed below:
TechNavio Announces the Publication of its Research Report – Global Surge Protection Device Market 2015-2019
TechNavio recognizes the following companies as the key players in the Global Surge Protection Device Market: Belkin Inc., Eaton Corp., Emerson Electric Co., GE Industrial Solutions Ltd., Leviton Manufacturing Inc., Schneider Electric SE. and Tripp Lite Corp.
Other Prominent Vendors in the market are: Brennenstuhl, Cyber Power Systems, Masterplug-Nexus, Philips, Prime Wire and Cable, REV Ritter and Smiths Power.
Commenting on the report, an analyst from TechNavio’s team said: “The growth of the Renewable Energy sector is one of the major trends in the market. Solar PV panels and wind turbines are highly susceptible to lightning strikes, which has led to the usage of surge protection devices for the protection of this equipment.”
According to the report, one of the major drivers of the Global Surge Protection Device market is the demand for electrical appliances and housewares. Surge suppressor devices help in protecting electrical appliances from voltage fluctuations and in extending their life.
Further, the report states that providing a customized solution to end-users is one of the major challenges in the market. End-user needs vary according to their uses. Bundling of various types of devices such as UPSs, SPDs, and inverters is a major challenge.
Belkin , Eaton , Emerson Electric , GE Industrial Solutions , Leviton Manufacturing , Schneider Electric , Tripp Lite , Brennenstuhl, Cyber Power Systems, Masterplug-Nexus, Philips, Prime Wire and Cable, Smiths Power, REV Ritter
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