DUBLIN, Aug. 21, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Surge Protection Devices Market - Industry Analysis, Size, Share, Growth, Trends and Forecast to 2020" report to their offering.
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The concept of protecting electronic devices from power surges or spikes is known as surge protection. Surge protection devices allow multiple components to plug into a single power outlet. A power surge is a significant increase in voltage above the designated level. If power voltage rises above the standard voltage, it is likely to damage the electronic equipment. For instance, the standard voltage in the U.S. and India are 120 volts and 230 volts respectively, in residential and commercial sectors. A surge protector prevents electrical equipment from getting damaged, when the voltage increases beyond the standard level.
The global surge protection devices market is expected to witness a substantial growth during the forecast period. This is due to its increasing demand across various application sectors such as industrial, residential and commercial sectors. Increasing incidences of transient voltage and lightning accidents globally is increasing the usage of surge protection devices. If the surge or spike is high, it can cause heavy damage to electrical equipment.
The increase in the usage of electrical equipment such as personal computers, printers and industrial control equipment such as PLC's, microwaves, washing machines and alarms are amplifying the demand for surge protection devices globally.
Among all the application segments, industrial sector holds the largest market share at present in surge protection devices market, whereas; commercial segment is expected to be the fastest growing application segment due to the increase in telephone and internet users in the emerging nations.
Adoption of high technologies equipment such as LCD and LED televisions in the emerging countries are the major factors that are responsible for the growth of surge protection devices market globally. These devices are sensitive and a small fluctuation in the voltage leads to damage of equipment. The rising demand for protection of electronic devices from power surges or spikes is fueling the demand for surge protection devices globally. North America is analyzed to lead the global surge protection devices market throughout the forecast period. However, Asia Pacific is expected to be the fastest growing region in this market due to rapid growth in industrialization.
This market research study analyzes the surge protection devices market on a global level, and provides estimates in terms of revenue (USD million) from 2014 to 2020. The report recognizes the drivers and restraints affecting the industry and analyzes their impact over the forecast period. Moreover, it identifies the significant opportunities for market growth in the coming years.
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Market overview
Chapter 4 Global Surge Protection Devices Market Analysis, by Type
Chapter 5 Global Surge Protection Devices Market Analysis, by Application
Chapter 6 Global Surge Protection Devices Market Analysis, by Geography
Chapter 7 Company Profiles
Companies Mentioned:
- Crompton Greaves Ltd.
- ERICO International Corporation
- Eaton Corp. PLC.
- Emerson Electric Co.
- GE Industrial Solutions
- Legrand S.A.
- Leviton Manufacturing Co. Inc.
- Phoenix Contact GmbH.
- Raycap Corporation S.A.
- Schneider Electric S.E.
- Tripp-Lite
For more information visit http://www.researchandmarkets.com/research/ftt2c9/surge_protection
Media Contact: Laura Wood, +353-1-481-1716, press@researchandmarkets.net
