DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Surge Protection Devices Market - Global Forecast to 2022" report to their offering.
The surge protection devices market is expected to grow from an estimated USD 2.06 billion in 2017 to USD 2.68 billion by 2022, registering a CAGR of 5.47%, from 2017 to 2022. The global market is set to witness significant growth due to growing demand for protection systems for electronic devices, power quality issues, a rise in alternative energy programs, and cost escalation due to frequent equipment failures.
Although some cost bearing constraints in the installation of surge protection devices are being observed, emerging economies are expected to create better opportunities for the surge protection devices market. Poor design parameters and misleading assumptions, inappropriate testing, and safety issues are expected to be major challenges for growth in the surge protection devices market.
With regard to the type segment, the plug-in SPD segment is expected to constitute the largest market by 2022. Plug-in surge protection devices primarily consist of DIN rail type mounting as well as other form factor SPDs without extension cords. These surge protection devices are designed to be installed at the service entrances of facilities, typically on the main switchboards, or close to sensitive equipment in facilities without lightning protection systems.
- ABB, Ltd.
- Advanced Protection Technologies, Inc.
- Belkin International
- Citel, Inc.
- Eaton Corporation, PLC.
- Emersen Electric Co.
- General Electric Company
- Hubbell Incorporated
- ISG Global
- Koninklijke Philips N.V.
- Legrand Sa
- Leviton Manufacturing Company, Inc.
- Littelfuse, Inc.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Surge Protection Devices Market, By Type
7 Surge Protection Devices Market, By Discharge Current
8 Surge Protection Devices Market, By End-User
9 Global Surge Protection Devices Market, By Region
10 Surge Arresters Market
11 Competitive Landscape
12 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/zfml83/surge_protection