Surge Protection Devices Market - Global Forecast to 2022 - Growing Demand for Protection Systems for Electronic Devices

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Nov 17, 2017, 12:00 ET

DUBLIN, November 17, 2017 /PRNewswire/ --

The "Surge Protection Devices Market by Type (Hard-Wired, Plug-In, and Line Cord), Discharge Current (Below 10 kA, 10 kA-25 kA, and above 25 kA), End-User (Industrial, Commercial, and Residential), and Region - Global Forecast to 2022" report has been added to Research and Markets' offering.

The surge protection devices market is expected to grow from an estimated USD 2.06 Billion in 2017 to USD 2.68 Billion by 2022, registering a CAGR of 5.47%, from 2017 to 2022. The global market is set to witness significant growth due to growing demand for protection systems for electronic devices, power quality issues, a rise in alternative energy programs, and cost escalation due to frequent equipment failures.

The report segments the surge protection devices market, by type, into hard-wired, plug-in, and line cord surge protection devices. The plug-in SPDs segment is projected to dominate the surge protection devices market. The growing demand for primary protection of equipment from surges is driving the market for hard-wired surge protection devices.

The report segments the surge protection devices market, by end user, into industrial, residential and commercial. The industrial segment is expected to grow at the fastest rate during the forecast period. The Industry 4.0 initiative is being applied to vehicles and electrical machinery in order to facilitate remote diagnostics, remote maintenance, and remote data capture. Such initiatives have increased the need for datacenters, servers, and communication systems. With the increasing use of electronic equipment, the need for protection systems for such critical equipment has been increasing. This is driving the market for surge protection devices in the industrial segment, which is expected to create new revenue pockets for the surge protection devices market during the forecast period.

Companies Mentioned

ABB, Ltd.
Advanced Protection Technologies, Inc.
Belkin International
Citel, Inc.
Eaton Corporation, PLC.
Emersen Electric Co.
General Electric Company
Hubbell Incorporated
ISG Global
JMV
Koninklijke Philips N.V.
Legrand Sa
Leviton Manufacturing Company, Inc.
Littelfuse, Inc.
MCG Surge Protection
Mersen Electrical Power
MVC-Maxivolt
Panamax
Pentair Electrical & Fastening Solutions
Phoenix Contact GmbH
Raycap Corporation S.A.
REV Ritter GmbH
Schneider Electric Se
Siemens AG
Tripp Lite

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Surge Protection Devices Market, By Type

7 Surge Protection Devices Market, By Discharge Current

8 Surge Protection Devices Market, By End-User

9 Global Surge Protection Devices Market, By Region

10 Surge Arresters Market

11 Competitive Landscape

12 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/hkd65k/surge_protection

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SOURCE Research and Markets