Market Demand for Surge Protection Devices
Electronics.ca Publications announces the release of a comprehensive global report on surge protection devices market. The global market for Surge Protection Devices (SPDs) is forecast to reach US$2.4 billion by 2020, driven by the growing need to protect sensitive electronic equipment from power fluctuations.
Global Surge Protection Devices Market Report
Surge protection devices such as transient voltage surge suppressors and surge arrestors are growing in importance, given the billions of dollars of losses caused by voltage fluctuations and power line abnormalities. Widespread use of sophisticated electrical, electronic communication and data equipment is driving the importance of power management solutions including SPDs, in both developed and developing economies. Proliferation of home appliances, personal computers, heating and air conditioning equipment in residential homes, and installation of high-end industrial electronic equipment in manufacturing plants are driving growth in the market. Future growth in the market will continue to benefit from the increasing use of electronics in the rapidly growing world telecommunication industry.
The commercial end-use sector is expected to witness strong growth in the coming years. With nationwide alternate energy programs gaining popularity in Germany, China and other major economies, demand for surge protectors is expected to gain strength. Substitution of conventional coil and core street lamps with light emitting diodes for outdoor lighting is also opening up new growth avenues for SPD manufacturers. Miniaturization and clock speeds of microprocessors as dictated by Moore’s Law comes at a price, namely higher sensitivity of the chips to power transients, electromagnetic interference, radio frequency interference and electrical field transients. The increasing sensitivity of modern electronic devices to even split-second electricity fluctuations bodes well for sales of SPDs. The global market for SPDs is extremely competitive characterized by a high degree of fragmentation, and pricing pressures. The relatively commoditized SPD technology leaves very little scope for differentiation. Pure-play SPD manufacturers face stiff competition from large diversified electrical equipment makers.
As stated by the new market research report on Surge Protection Devices (SPDs), the United States represents the largest market worldwide. Developing countries are forecast to spearhead future growth in the market led by mounting issues related to stable power supply. Escalating demand for energy as a result of robust pace of economic development and industrialization, inefficient energy infrastructure and power shortages, are key reasons responsible for poor power quality in these countries. Asia-Pacific, led by China and India, is forecast to witness the strongest growth over the analysis period. Key factors driving growth in the region include the growing consumer appetite for expensive electronic devices, and migration of industries towards digitization and automation of production and business processes.
Major players covered in the report include Advanced Protection Technologies Inc., Belkin international Inc., DEHN + SONS GmbH + Co. KG, Eaton Corporation PLC, Emerson Electric Co., GE Industrial Solutions, Hubbell Incorporated, Koninklijke Philips N.V., Legrand SA, Leviton Manufacturing Co. Inc., Nexus Industries Ltd., Novaris Pty Ltd., OBO BETTER MANN GmbH & Co. KG, Panamax LLC, Phoenix Contact GmbH & Co. KG, REV Ritter GmbH, Schneider Electric SA, Smiths Interconnect, Shenzhen Dowin Lightning Technologies Co. Ltd., Thomas & Betts Power Solutions LLC, Tripp Lite, and Weidmüller GmbH & Co. KG, among others.
The research report titled “Surge Protection Devices (SPDs): A Global Strategic Business Report“, provides a comprehensive review of market trends, growth drivers, challenges, issues, and strategic industry activities of major companies worldwide . The report provides revenue estimates and projections for all major geographic markets, including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil, and Rest of Latin America) and Rest of World. The global and regional markets for SPDs are analyzed in US dollars by the following product types: Plug-In, Hard-Wired, Line Cord, and Power Control Center. The global SPDs market is further analyzed by end-use sectors comprising Communication, Consumer, and Others (includes Industrial, and Healthcare Applications, among others).