London, 22 January 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Surge Protection Device Market in the Americas 2015-2019, which is expected to grow at a CAGR of 5.95 percent during the period 2015-2019.
Surge protection devices are important parts of various electrical and electronic devices such as TVs, home appliances, and industrial equipment. These devices protect equipment from voltage fluctuations and extend its life. They are also becoming vital in industries such as Healthcare because voltage fluctuations can affect the working of critical healthcare equipment, thereby endangering the life of patients. Surge protection devices help in providing uninterrupted power supply to this electrical equipment.
“Surge protection devices protect the overall system from voltage surges and help reduce the downtime of systems,” says Faisal Ghaus, Vice President of TechNavio.
“This helps improve the productivity of these systems. Increased demand for automation and digitization worldwide is expected to positively influence the Surge Protection Device market in the Americas.”
Key Market Drivers
- Demand for Electrical and Electronic Devices
- Growth in Healthcare Industry
- Demand for Energy-efficient Products
Key Market Trends
- Growth of Renewable Energy Sector
- Demand for Automation and Digitization
- Demand from Commercial Sector
Key Market Vendors
- Belkin Inc.
- Eaton Corp.
- Emerson Electric Co.
- GE Industrial Solutions Ltd.
- Leviton Manufacturing Inc.
- Philips Corp.
- Schneider Electric SE
- Tripp Lite Corp.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
