Surge Protection Device Market Worth $2.7 Billion by 2019

DALLAS, May 14, 2015 /PRNewswire/ --

The report "Surge Protection Device Market by device Type from 1 to 5, by End User (Industrial, Commercial and Residential), & by Region (North and South Americas, Asia-Pacific, Europe, Middle East & Africa) - Global Forecast and Trends to 2019", published by MarketsandMarkets, The Power Surge Protection Device Market is expected to grow from an estimated $2.0 Billion in 2014 to $2.7 Billion by 2019, at a CAGR of 5.3% from 2014 to 2019.

Browse 70 market data Tables and 36 Figures spread through 150 Pages and in-depth TOC on "Surge Protection Device Market"

http://www.marketsandmarkets.com/Market-Reports/surge-protection-device-market-89236426.html

Early buyers will receive 10% customization on this report. 

Government would find advantages in installing surge protection devices for their country to achieve the objectives of security of energy supply, enhancing alternative energy programs, and providing quality service to the end-user. Worldwide, a number of policies have been enacted to promote renewable energy. Solar turbines and wind turbines are highly prone to lightning strikes due to their complex design, height, and exposed location. Power surge protection devices help protect against the damaging effects of transients caused by lightning.

Speak to Analyst :http://www.marketsandmarkets.com/speaktoanalyst.asp?id=89236426

Furthermore, growth in electronic appliances would give rise to surge protection devices. The increasing demand for highly technological and sophisticated appliances such as LED televisions, personal computers, printers, and industrial control equipment such as microwaves, washing machines, and alarms are rising rapidly. These devices are very sensitive and could be easily damaged by small fluctuation in the voltage. To protect these devices from the power surges or spikes, the demand for surge protection devices is increasing. The figure below shows the global Power Surge Protection Device Market share by region in 2013.

The report forecasts revenue of the global Surge Protection Device Market, which includes all types of power surge protection devices with respect to main regions such as North America, South America, Asia-Pacific, Europe, and the Middle East & Africa. Surge protection device market is also analyzed on the basis of the end-users which include residential, commercial & industrial. The Power Surge Protection Device Market includes major players mainly ABB Limited (Switzerland), Eaton Corporation (Ireland), Emerson Electric Corporation (U.S.), Siemens AG (Germany), Schneider Electric SA (France) and Belkin International (U.S.), Advanced Protection Technologies (U.S.), Crompton Greaves (India), General Electric (U.S.), Leviton Manufacturing (U.S.), Littlefuse (U.S.), and Tripplite (U.S.).

North America: Leading market for Power Surge Protection Device 

North America dominated the surge protection device market in 2013, closely followed by Asia-Pacific. The increasing demand of surge protection device in North America is mainly due to the increasing power quality issues cost specially in the U.S. The total power outages and power quality disturbances cost in the U.S. is between $80 billion and $188 billion per year. Utilities are also using power surge protection devices for uninterrupted power supply. AEP, PG&E, Southern California Edison, Southern Company, Florida Power & Light, and Oncor are some of the largest utility groups of North America focusing towards power surge protection devices. Europe was third position in terms of market size in total Power Surge Protection Device Market; it is followed by the Middle East & Africa and South America.

Type 4 & Type 1 power surge protection devices: Largest type market 

Type 4 and Type 1 power surge protection devices held the largest market share of 26% and 25% respectively, by value, in 2013. Type 1 power surge protection devices are designed to be installed where the risk of a direct lightning strike is high, especially when the building is equipped with an external lightning protection system.  Type 4 power surge protection devices find their major application in factory automation, servo drives, motors, PLCs, industries, commercial equipment cabinet, and control panels.

Industrial End-User: Largest End-User Market 

Power surge protection devices are mostly seen in the industrial applications .The increase in industrial Power Surge Protection Device Market is due to increasing utilities, construction & manufacturing events, quarrying & mining industries, oil and gas activities, mainly in Asia-Pacific, and the Middle East and African region.

Browse related reports: 

Distribution Voltage Regulator Market by Type (Ferroresonant and Tap Switching), by End-Users (Commercial, Industrial, and Residential) & by Region (Americas, Europe, Asia-Pacific, and the Middle East & Africa) - Global Trends & Forecast to 2019

http://www.marketsandmarkets.com/Market-Reports/distribution-voltage-regulator-market-109357455.html

Middle East and Africa Power Rental Market by End-user (Utilities, Construction, Oil & gas, and others (Industrial, Shipping, Quarrying & Mining, and Events)), by Fuel Type (Diesel & Gas) and by Region - Trends and Forecast to 2019

http://www.marketsandmarkets.com/Market-Reports/middle-east-africa-power-rental-market-170802121.html

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info-graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Subscribe Reports from Energy & Power Domain @ http://www.marketsandmarkets.com/Subscription.html

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/energy-and-power

Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

Contact:
Mr. Rohan
North - Dominion Plaza,
17304, Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: [email protected]

SOURCE MarketsandMarkets