- The key vendors in the Global Surge Protection Device Market 2015-2019 are Belkin Inc., Eaton Corp., Emerson Electric Co., GE Industrial Solutions Ltd., Leviton Manufacturing Inc., Schneider Electric SE. and Tripp Lite Corp.
London, 13 January 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Surge Protection Device Market 2015-2019. The growth of the Renewable Energy sector is one of the major trends in the market. Solar PV panels and wind turbines are highly susceptible to lightning strikes, which has led to the usage of surge protection devices for the protection of this equipment. The Global Surge Protection Device market is expected to grow at a CAGR of 5.79 percent during the period 2014-2019.
Surge protection devices are vital parts for various electrical and electronic devices such as TVs, home appliances, and industrial equipment. These devices help in providing an uninterrupted power supply to such electrical equipment.
“Surge protection devices protect the overall system from voltage surges and help to reduce the downtime of the systems,” says Faisal Ghaus, Vice President of TechNavio Research.
“With the development in information technology and automation and digitization of most of the processes in various industries such as Oil and Gas, Power, and Manufacturing, surge protection devices are becoming the most important parts for these systems.”
To define the market conditions 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%…
