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Surge Protection Devices Market 2016-2022

Surge Protection Devices Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $3,167 million by 2022, registering a CAGR of 5.7% during the period 2016 - 2022.

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Surge Protection Devices Market 2016-2022

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  1. Opportunity Analysis and Industry Forecast, 2016-2023 Surge Protection Devices Market Growing At CAGR 5.7% from 2016-2022 Global Opportunity Analysis and Industry Forecast, 2016-2023 • Pages: 86 Tables: 59 Charts: 39

  2. SURGE PROTECTION DEVICES MARKET Chapter: 1 INTRODUCTION 1.1 Report description1.2 Key benefits1.3 Key market segments1.4 Research methodology 1.4.1 Secondary research1.4.2 Primary research1.4.3 Analyst tools and models Chapter: 2 EXECUTIVE SUMMARY 2.1 Market Snapshot2.2 CXO perspective

  3. SURGE PROTECTION DEVICES MARKET Chapter: 3 MARKET OVERVIEW 3.1 Market definition and scope3.2 Key Findings 3.2.1 Top impacting factors3.2.2 Top winning strategies3.2.3 Top investment pockets 3.3 Porters five forces analysis 3.3.1 Low bargaining power of suppliers due to moderate switching cost3.3.2 Moderate bargaining power of buyer due to moderate demand, and limited players that provide quality product3.3.3 Moderate threat of substitutes due to large number of available substitutes3.3.4 Low threat of new entrants due to presence of dominant players and high investment cost on SPDs projects3.3.5 High rivalries among competitors 3.4 Drivers 3.4.1 Increasing demand for usage of electrical and electronics appliances in industrial& residential sectors3.4.2 High costs incurred with electrical equipment downtime encouraging adoption of SPDs3.4.3 Safety of people at workplace and at home

  4. SURGE PROTECTION DEVICES MARKET Surge protection devices market holds a substantial scope for growth owing to growth in need to protect electronic equipment from power fluctuation. Surge Protection Devices Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $3,167 million by 2022, registering a CAGR of 5.7% during the period 2016 - 2022. The hardwired devices and line chord devices segments collectively accounted for nearly half of the market share in 2015, and are expected to maintain this trend during the forecast period. The surge protection devices (SPDs) market is driven by increase in demand for usage of electronics appliances in commercial and residential sectors. Moreover, high costs incurred due to electrical equipment downtime have encouraged the adoption of SPDs and provide safety in industries and domestic sector. Low awareness about surge protection devices among the small-scale manufactures and competition from uninterrupted and non-fluctuating power supply systems are the key factors that restrain the market growth. Rise in awareness for need of SPDs, rapid industrialization, and power supply issues in developing countries provide lucrative opportunities for the growth of the market.

  5. SURGE PROTECTION DEVICES MARKET Get Sample Copy of Report

  6. SURGE PROTECTION DEVICES MARKET • KEY FINDINGS OF SURGE PROTECTION DEVICES MARKET: • North America occupied the major share (nearly two-fifths) of the total market in 2015, and is expected to grow at a CAGR of 5.3% from 2016 to 2022. • Europe occupied the second largest market share of nearly one-third in 2015. • Asia-Pacific shows highest growth rate, and is estimated to grow at a CAGR of 6.3%. • Industrial application occupied the largest market share (nearly two-fifths) in 2015, and is estimated to grow with a CAGR of 5.4%. • Line cord devices segment held the largest share (one-third) for the product segment in 2015, and is estimated to grow with a CAGR of 5.5%.

  7. SURGE PROTECTION DEVICES MARKET Thank You! For More Details Visit us at https://www.alliedmarketresearch.com/surge-protection-devices-market Follow Us On

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