The global surge protection device market size was estimated at USD 1.97 billion in 2016 and is expected to gain traction during the forecast period. The use of this device can reduce electrical equipment downtime and losses due to downtime. Market growth is expected to accelerate as the need to protect expensive electrical equipment from unexpected electrical surges increases.
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Company Profile
Key players that operate in this market are Raycap GmbH, General Electric Company, Schneider Electric SE, Emerson Electric Co., Pentair Technical Solutions, Eaton Corporation plc, Tripp Lite, Leviton Manufacturing Co., Inc., Crompton Greaves Limited, and PHOENIX CONTACT GmbH & Co. KG.
Market Segmentation
Surge Protection Devices Market Key Segments:
By Product
- Plug-in devices
- Hardwired devices
- Line cord devices
- Power control center
By Application
- Residential
- Commercial
- Industrial
Scope of the Report
The research study analyzes the global Surge Protection Devices industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
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Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Surge Protection Devices Market Report
1. What was the Surge Protection Devices Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Surge Protection Devices Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Surge Protection Devices Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Surge Protection Devices market.
- The market share of the global Surge Protection Devices market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Surge Protection Devices market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Surge Protection Devices market.
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