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Theu00a0global surge protection devices market size was accounted at over USD 2 billion in 2020u00a0and anticipated to register a significant CAGR during the forecast period 2021 to 2027. The increasing use of electric and electronic appliances in the both residential and commercial sectors is a primary factor to drive the market growth. Furthermore, the rapid growth in industrialization, power fluctuation issues, and raising awareness for surge protection devices is further anticipated to boost the market. Moreover, the demand for surge protection devices (SPDs) is anticipated to increase during
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Global Surge Protection Devices Market Global Surge Protection Devices Market by Type, by Power Rating, by End-Use, by Region, Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027
Global Surge Protection Devices Market Market Synopsis: The global surge protection devices market size was accounted at over USD 2 billion in 2020 and anticipated to register a significant CAGR during the forecast period 2021 to 2027. The increasing use of electric and electronic appliances in the both residential and commercial sectors is a primary factor to drive the market growth. Furthermore, the rapid growth in industrialization, power fluctuation issues, and raising awareness for surge protection devices is further anticipated to boost the market. Moreover, the demand for surge protection devices (SPDs) is anticipated to increase during the forecast period due to climate change and subsequent increases in lightning incidents.
Global Surge Protection Devices Market Research Methoddology:
Global Surge Protection Devices Market Global Surge Protection Devices Market Segmentation: By Type: • Hard-wired • Plug-in • Line Cord • Power Control Devices By Power Rating: • 0-50 kA • 1-100 kA • 1-200 kA • 1 kA and Above
Global Surge Protection Devices Market Global Surge Protection Devices Market Segmentation: By End-Use: • Commercial Complexes • Data Center • Industries & Manufacturing • Medical • Residential Buildings • Telecommunication • Transportation • Others
Global Surge Protection Devices Market List of Key Companies: • ABB, Ltd. • Siemens AG • Schneider Electric SE • General Electric • Eaton Corporation, Plc. • Emerson Electric Co. • Legrand SA • Littelfuse, Inc. • Tripp Lite • Vertiv Group Corp.
Global Surge Protection Devices Market By Region: • North America • Europe • Asia Pacific • Latin America • Middle East & Africa To know more about this study, request a free sample report @ https://www.researchcorridor.com/request-sample/?id=5064
Global Surge Protection Devices Market Media Contact: Company Name: Research CorridorContact Person: Mr. Vijendra SinghEmail: sales@researchcorridor.com Follow Us: