Surge Protection Devices Market – Overview:-
To protect the critical equipment that are being used in datacenters and communication systems facilities, there is an increasing need for the protection systems equipment. Additionally, installations of high end electronic equipment, increased use of personal computers and air-conditioning systems in the developing & developed economies, are driving the market growth for surge protection devices. Also, a global increase in the use of alternative energy systems is also expected to the drive the market.
The report has been analyzed based on types, applications, voltage types and regions. The commercial application segment is expected to witness a steady growth because of the growing alternative energy system implementation around the world. The increase in the investment on digitally transforming the electrical, auto and manufacturing industries for achieving high production efficiency, is driving the Surge Protection Devices Market .
Industry Segment Overview:-
Surge protection devices market is segmented based on application, type, voltage and region. Based on application the market is further segmented in to residential, commercial, and industrial. Industrial segment is expected to grow at higher rate during the forecast period. Industries are coming up with new technologically advanced equipment that are fine and expensive. To protect such devices the industries require a variety of surge protection devices. On the basis of type the surge protection devices are further segmented as plug-in protection devices, hard wired, line cord, and power control devices. Amongst these segments, hard wired are dominating the market share.
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- Fuji Electric
- Nissin Electric
- Xian XD
- Bharat Heavy Electric Ltd.
- Schneider Electric SE
- ABB Ltd.
- Mitsubishi Electric Corporation
- Alstom SA
- Siemens AG
- Larsen & Turbo
- Hyundai heavy industries
Market Research Analysis:-
Global Vacuum circuit breaker market is expected to witness phenomenal growth during the forecast period owing to the increasing demand for power and electrical equipment, and existing circuit breakers becoming obsolete. Asia Pacific is dominating the market share in vacuum circuit breakers. The nations such as China, India, South Korea, and Indonesia are the fastest growing economies in the region and demand for more and more power per year. According to Department of Science and Technology of India, with the rising electricity generation from unpredictable sources from renewable sources feeding the grid, the opportunities for smart grids are immense at distribution and transmission level. This is driving market from the region. Europe vacuum circuit breaker market is likely to follow the Asia Pacific market in terms of share due to increasing renewable energy and the rising demand for connecting renewable energy efficiently to the smart grids. In 2017, Germany accounted for the largest wind power installed capacity in the Europe region.
Major Points From Table Of Content:-
1 Executive Summary
2 Scope Of The Report
3 Market Landscape
4 Market Dynamics
5 Global Surge Protection Devices Market, By Application
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6 Global Surge Protection Devices Market, By Type
6.2 Plug-In Protection
6.2.1 Market Estimates & Forecast, 2018-2023
6.2.2 Market Estimates & Forecast By Region, 2018-2023
6.3 Hard Wired
6.3.1 Market Estimates & Forecast, 2018-2023
6.3.2 Market Estimates & Forecast By Region, 2018-2023
6.4 Line Cord
6.4.1 Market Estimates & Forecast, 2018-2023
6.4.2 Market Estimates & Forecast By Region, 2018-2023
6.5 Power Control Device
6.5.1 Market Estimates & Forecast, 2018-2023
6.5.2 Market Estimates & Forecast By Region, 2018-2023
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