DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/qh5zhq/global_surge) has announced the addition of the "Global Surge Protection Device Market 2015-2019" report to their offering.
The analysts forecast the Global Surge Protection Device market to grow at a CAGR of 5.79 percent over the period 2014-2019.
Sudden increase in voltage significantly above the designated level in the flow of electricity is termed as power surge. These sudden spikes in the flow of electricity are harmful to appliances. It can damage machines after frequent surges or immediately. Surge suppressor devices protect electrical appliances from getting damaged by diverting the extra electricity generated during spikes to the grounding wire.
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.
According to the report, one of the major drivers of the Global Surge Protection Device market is the demand for electrical appliances and housewares. Surge suppressor devices help in protecting electrical appliances from voltage fluctuations and in extending their life.
Further, the report states that providing a customized solution to end-users is one of the major challenges in the market. End-user needs vary according to their uses. Bundling of various types of devices such as UPSs, SPDs, and inverters is a major challenge.
To calculate the market size, the report considers revenue generated from the sales of devices listed below:
- Line cord
- Hard wired device
- Wall plug
- Power control systems
Key Vendors
- Belkin
- Eaton
- Emerson Electric
- GE Industrial Solutions
- Leviton Manufacturing
- Schneider Electric
- Tripp Lite
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Market Segmentation by Product
- Market Segmentation by End-users
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/qh5zhq/global_surge
