Surge Protection Devices Market Worth 2.68 Billion USD by 2022

USA - English

• India - English

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 72 market data Tables and 30 Figures spread through 146 Pages and in-depth TOC on "Surge Protection Devices Market"

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

Early buyers will receive 10% customization on this report.

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 industry segment is expected to hold the largest share of the Surge Protection Devices Market, by application, during the forecast period 

The industry segment led the Surge Protection Devices Market in 2016, and is projected to dominate the market 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.

Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=89236426

Hard-wired SPDs to be the fastest growing segment in the Surge Protection Devices Market 

With regard to the type segment, hard-wired SPDs are expected to constitute the fastest growing market from 2017 to 2022. These are designed to be installed in places where the risk of a direct lightning strike is high, especially when the building is equipped with an external lightning protection system. Hard-wired SPDs are used as primary protection devices for locations prone to maximum risk, such as main distribution boards, power control centers, and outdoor distribution boards. The growing demand for primary protection of equipment from surges is driving the market for hard-wired surge protection devices.

Europe: The leading market for surge protection devices 

In this report, the Surge Protection Devices Market has been analyzed with respect to five regions, namely, North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The European market is expected to dominate the global Surge Protection Devices Market with a number of European countries investing in various protection systems for urbanized infrastructure development. Industry 4.0 is a European strategic initiative to digitally transform the industrial, IT, and manufacturing industries. Intelligent ICT-based machines, systems, and networks, capable of independently exchanging and responding to information to manage industrial production processes, are being implemented for production efficiency. There is an increasing trend of manufacturing facilities shifting their operations to low production areas such as Eastern Europe. Manufacturing, along with construction, mining, and quarrying, in Eastern Europe, is on the rise, making Europe a lucrative market for surge protection devices.

Surge arresters: Additional market 

In this report, the surge arresters market has been segmented, on the basis of type, into station class, intermediate class, and distribution class, and on the basis of voltage into low and medium voltage, high voltage, and extra high voltage surge arresters. The market has also been segmented, on the basis of region, into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The market for surge arresters is expected to grow from an estimated USD 1.49 billion in 2017 to USD 1.91 billion by 2022, at a CAGR of 5.11%, from 2017 to 2022.

Make an Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=89236426

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Surge Protection Devices Market. These players include Siemens AG (Germany), Eaton Corporation, Plc. (Ireland), Littelfuse, Inc. (U.S.), ABB, Ltd. (Switzerland), and Schneider Electric SE (France). The leading players are trying to make inroads in the markets in developed economies, and are adopting various strategies to increase their market shares.

Browse Related Reports: 

Industrial Plugs and Sockets Market by Protection (Dustproof and Splash-Proof, Water-Proof, and Explosion-Proof), Type (Plugs and Sockets), and End-User (Oil & Gas, Power Generation, Chemical and Pharmaceutical, and Heavy Industry) - Global Forecast to 2021

http://www.marketsandmarkets.com/Market-Reports/industrial-plug-socket-market-7162677.html  

Protective Relay Market by Voltage (High, Medium, and Low), End-User (Utilities, Industries, Renewables, and Marine), and Protection Mechanism (Feeder, Transmission Line, Motor, Transformer, Generator, Breaker, Capacitor Bank, and Busbar)-Global Trends and Forecasts to 2021

http://www.marketsandmarkets.com/Market-Reports/protective-relay-market- 198956724.html

About MarketsandMarkets 

MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their pain points around revenues decisions.

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. MarketsandMarkets now coming up with 1,500 Micro Quadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets'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. For more information, please visit www.marketsandmarkets.com

Contact:
Mr. Rohan
MarketsandMarkets
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
USA: 1-888-600-6441
Email: [email protected]

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

Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Subscribe Reports from Energy & Power Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp

SOURCE MarketsandMarkets