In 2022, the market size for Surge Protection Devices (SPD) was USD 3.3 Billion and it is projected to experience a high revenue CAGR of 10% during the forecast period. The main drivers of market growth are the increasing use of electronic devices and the growing concern over potential harm caused by voltage spikes across various end-use industries, including residential, commercial, and industrial sectors
SPDs are small electrical power supply networks that are widely utilized in commercial and residential settings to safeguard electrical appliances and devices against voltage spikes. These devices are available in different types such as voltage limiting and switching
The adoption of surge protection systems to protect against power surges, electrical noise, and spikes is on the rise as the use of electronic devices increases in both home and commercial settings. The demand for surge protection systems is also increasing due to the expansion of data centers, telecommunication centers, and other critical infrastructure facilities.
To get a sample copy of the report, click on @ https://www.reportsanddata.com/sample-enquiry-form/6078
Top Profiled Companies in the Global Surge Protection Devices (SPD) for Line-Cord Market Report:
- Eaton Corporation plc.
- ABB Ltd.
- Siemens AG
- Littelfuse, Inc.
- Schneider Electric SE
- General Electric Company
- Leviton Manufacturing Co., Inc.
- Emerson Electric Co.
- Tripplite
- Bourns, Inc.
Major Driving Factors For Surge Protection Devices (SPD) for Line-Cord Market:
The main driving factor in the Surge Protection Devices (SPD) for Line-Cord Market is the increasing use of electronic devices across various end-use industries, including residential, commercial, and industrial sectors, which has led to a growing concern over potential harm caused by voltage spikes. This has resulted in a rise in demand for surge protection devices to protect electrical appliances and devices against voltage spikes. Additionally, the expansion of data centers, telecommunication centers, and other critical infrastructure facilities has further fueled the demand for surge protection systems to guard against power surges, electrical noise, and spikes.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Click here to know more about the report @ https://www.reportsanddata.com/report-detail/surge-protection-devices-spd-market
Further market segmentation
Product Outlook:
- Hard-wired
- Plug-in
- Line Cord
- Power Control Devices
Type Outlook:
- Type 1
- Type 2
- Type 3
- Type 4
Power Rating Outlook:
- 0-50 kA
- 50.1-100 kA
- 100.1-200 kA
- 200.1 kA and Above
End-Use Outlook:
- Commercial Complexes
- Data Center
- Industries & Manufacturing Units
- Medical
- Residential Buildings & Spaces
- Telecommunication
- Transportation
- Others
Key Takeaways of the Global Surge Protection Devices (SPD) for Line-Cord Market Report:
- A comprehensive overview of the global Surge Protection Devices (SPD) industry.
- Accurate market projections in terms of market size, share, and volume.
- Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
- Deep-dive analysis of the upcoming market trends.
- Qualitative and quantitative analyses of the global Surge Protection Devices (SPD) for Line-Cord Market.
- Elaborate study of the leading regional markets in the global Surge Protection Devices (SPD) for Line-Cord Market.
- Complete overview of the market’s competitive landscape.
- Brief look at the company profiles and portfolios.
Request customization of the report @ https://www.reportsanddata.com/request-customization-form/6078
Thanks for reading our report. Please connect with us in case you require further details on the report or its customization. Our market research team will ensure the report is well-suited to your needs.
Browse More Research Reports
https://sitereport.netcraft.com/?url=https://www.reportsanddata.com/report-detail/citric-acid-market
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: [email protected]
Blog: https://www.reportsanddata.com/blogs