San Francisco, 19 March,
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, 2018 - 2025
The global surge protection devices (SPDs) market is expected to reach USD 3.39 billion by 2025,
according to a new study by Grand View Research, Inc. 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 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 electronic. 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.
Access Full Research
Report On Surge Protection Devices (SPD) Market Analysis:
Further key findings from the study suggest:
·
The type 2 SPD segment was
valued at USD 610.1 million in 2016
·
The growing number of hospitals
in developing economies, such as India and China, along with widespread
healthcare network in developed countries, is anticipated to foster market
growth
·
Increased electrification of
rail networks, coupled with the growing popularity of electric vehicles and
their required infrastructure, is predicted to boost the growth prospects of
SPDs in the near future
·
The North American region is
expected to significantly contribute to the industry growth and represented the
largest market size with USD 778.3 million in 2016, owing to the widespread
awareness of the benefits of SPDs
·
The key industry participants
include ABB Ltd, Advanced Protection Technologies, Inc., G Power and Industrial
Solutions Limited, Eaton Corporation PLC, Emerson Electrical Co., General
Electric, Legrand S.A., Schneider Electric, Siemens AG, and Tripp Lite
Browse More Reports Of This Category By
Grand View Research At: https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the surge
protection devices market based on product types, power ratings, applications,
and regions:
Surge Protection Devices
Product Type Outlook (Revenue, USD Million; 2014 - 2025)
·
Type 1
·
Type 2
·
Type 3
·
Type 4
Surge Protection Devices Power
Rating Outlook (Revenue, USD Million; 2014 - 2025)
·
0-50 kA
·
50.1-100 kA
·
100.1-200 kA
·
200.1 kA and Above
Surge Protection Devices
Application Outlook (Revenue, USD Million; 2014 - 2025)
·
Commercial
·
Data center
·
Industrial
·
Medical
·
Residential
·
Telecom
·
Transportation
·
Other End-Uses
Surge Protection Devices
Regional Outlook (Revenue, USD Million; 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
UK
o
Germany
·
Asia Pacific
o
China
o
India
o
Japan
·
South America
o
Brazil
·
Middle East & Africa (MEA)
Browse Press
Release of this Report:
https://www.grandviewresearch.com/press-release/global-surge-protection-devices-spd-market
https://www.grandviewresearch.com/press-release/global-surge-protection-devices-spd-market
About Grand View
Research
Grand View
Research provides syndicated as well as customized research reports and
consulting services on 46 industries across 25 major countries worldwide. This
U.S.-based market research and consulting company is registered in California
and headquartered in San Francisco. Comprising over 425 analysts and consultants,
the company adds 1200+ market research reports to its extensive database each
year. Supported by an interactive market intelligence platform, the team at
Grand View Research guides Fortune 500 companies and prominent academic
institutes in comprehending the global and regional business environment and
carefully identifying future opportunities.
For more
information: www.grandviewresearch.com/
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