According to a recent research report published by Future Market Insights titled “Surge Protection Devices Market: Global Industry Analysis (2012-2016) & Opportunity Assessment (2017-2027),” the global surge protection devices market was valued at US$ 2,046.4 Mn in 2016, and is expected to register a CAGR of 7.8% from 2017 to 2027. Surge protection device is a device or appliance that is designed to safeguard electrical devices from voltage surge. A surge protector tries to limit the supplied voltage to an electric device by either shorting it to ground or blocking any unwanted voltages above the safe threshold.
Increasing demand for surge arresters in locomotive applications and growing importance given to reduce the adverse impact of lightning are major factors driving the growth of the global surge protection devices market. However, lack of component level testing and a long warranty claiming process are factors restraining market revenue growth of the global surge protection devices market during the forecast period.
Some of the top companies identified across the surge protection devices value chain are Eaton Corporation, Schneider- electric. Co, Siemens AG, ABB Group, General Electric, Emerson Electric Co., Littelfuse, Inc., Koninklikes Philips N.V, Rockwell Automation, Inc., and Honeywell International Inc. Key players are introducing technologically advanced surge protector devices that can be deployed in various applications such as residential, commercial and industrial and this factor is boosting the growth of the surge protection devices market globally.
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Global Surge Protection Devices Market: Forecast by Segmentation:
The global surge protection devices market is categorised on the basis of type, end-user and region. On the basis of type, the market is segmented as type 1, type 2 and type 3. The type 2 segment is anticipated to register the highest CAGR of 8.4% during the forecast period. While type 1 is anticipated to register a moderate CAGR of 7.1% with a market share of 32.9% in 2017. On the basis of end-user, the global market is segmented into industrial, commercial and residential. The revenue contribution from the commercial sector segment is anticipated to expand at a CAGR of 9.1% during the forecast period.
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Table Of Content:
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. FMI Recommendations
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
2.3. Market Snapshot
2.4. Market Overview
3. Market View Point
3.1. Macro-Economic Factors
3.2. Opportunity Analysis
4. Global Market Analysis 2012–2016 and Forecast 2017–2027
4.1. Market Volume Projections
4.2. Market Size and Y-o-Y Growth
4.3. Absolute $ Opportunity
4.4. Value Chain
4.5. Global Key Regulations and Standards
5. North America Surge Protection Devices Market Analysis 2012–2016 and Forecast 2017–2027
6. Western Europe Surge Protection Devices Market Analysis 2012–2016 and Forecast 2017–2027
7. Eastern Europe Surge Protection Devices Market Analysis 2012–2016 and Forecast 2017–2027
and many more…