DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Surge Protection Devices (SPD) Market Analysis By Product Type (Type 1, Type 2, Type 3, Type 4), By Power Rating (0-50 kA, 50.1-100 kA, 100.1-200 kA, 200.1 kA & Above), By Application, By Region, And Segment Forecasts, 2014 - 2025" report to their offering.
The global surge protection devices (SPDs) market is expected to reach USD 3.39 billion by 2025. The high costs incurred due to electrical equipment downtime are expected to surge the demand for these devices over the forecast period.
The need for protection against lightning and voltage fluctuations has triggered the implementation of SPDs. These devices are available in various types, which are used in an electrical distribution system depending on location requirements. Surge protection devices also ensure proper functioning of electrical equipment during surges caused by lightning strikes. Thus, implementation of SPDs is of prime importance for any business or residential and commercial buildings.
The Asia Pacific region is one of the key regions for outsourcing services, owing to favorable government policies. This has led to a significant growth in the number of data centers across the region. As these data centers store information of high importance to the user, any failure in their functioning, due to downtime caused by an electrical surge, would lead to heavy losses. Moreover, increasing renewable energy generation projects across rural regions are further expected to bolster the use of SPDs.
The rise in disposable income has enabled the adoption of expensive consumer electronics. As these electronic products are subject to regular internal surges, it is essential to safeguard them. Furthermore, in developed regions, the well-established information technology industry is encouraging the use of surge protection devices on a large-scale for protecting electronic hardware such as data servers, desktops, and electrical supply equipment.
Key Topics Covered:
1 Methodology and Scope
2 Executive Summary
3 Surge Protection Devices: Market Industry Outlook
4 Surge Protection Devices: Product Type Outlook
5 Surge Protection Devices: Power rating Outlook
6 Surge Protection Devices: Application Outlook
7 Surge Protection Devices: Regional Outlook
8 Competitive Landscape
- ABB Ltd.
- General Electric Company
- Schneider Electric
- Eaton Corporation pLc
- Legrand S.A.
- Emerson Electric Co.
- Siemens AG
- CG Power and Industrial Solutions Limited
- Tripp Lite
- Advanced Protection Technologies, Inc.
For more information about this report visit https://www.researchandmarkets.com/research/5sphhb/surge_protection