Surge Protection Devices Market will grow at a CAGR of 5.83% during the period 2017-2021: Radiant Insights

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The report covers the present scenario and the growth prospects of the global surge protection devices market for 2017-2021

Surge protection devices are used in electrical installation protection systems. This equipment is designed to prevent the flow of excess voltage into the circuit. Whenever there is a flow of overvoltage, the surge protection device transmits the excess current flow to the earth and thus protects the electrical appliance. Based on the type of application, different types of surge protection devices are used. Type I surge protection devices are used in high voltage applications in service sector and industrial applications. Type II surge protection devices are used for low voltage applications like switchboards.

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Covered in this report

The report covers the present scenario and the growth prospects of the global surge protection devices market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography: 
• Americas

Global Surge Protection Devices Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors 
• Eaton
• Emerson
• Schneider Electric
• General Electric

Other prominent vendors 

• ABB 
• Belkin International
• Hubbell Incorporated 
• Legrand 
• Leviton Manufacturing
• Siemens
• Tripp Lite

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Market driver 

• Increasing use of electronics in residential sector.
• For a full, detailed list, view our report

Market challenge 

• Uncertainties in global economic growth.
• For a full, detailed list, view our report

Market trend 

• Increasing reliance on renewable energy sources.
• For a full, detailed list, view our report 

Key questions answered in this report 

• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

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