Research on Surge Protection Devices Market Global Trends, Size Share and Forecast 2014 - 2020

Surge Protection Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020 The concept of protecting electronic devices from power surges or spikes is known as surge protection. Surge protection devices allow multiple components to plug into a single power outlet. A power surge is a significant increase in voltage above the designated level. If power voltage rises above the standard voltage, it is likely to damage the electronic equipment. For instance, the standard voltage in the U.S. and India are 120 volts and 230 volts respectively, in residential and commercial sectors. A surge protector prevents electrical equipment from getting damaged, when the voltage increases beyond the standard level. The global surge protection devices market is expected to witness a substantial growth during the forecast period. This is due to its increasing demand across various application sectors such as industrial, residential and commercial sectors. Increasing incidences of transient voltage and lightning accidents globally is increasing the usage of surge protection devices. If the surge or spike is high, it can cause heavy damage to electrical equipment. The increase in the usage of electrical equipment such as personal computers, printers and industrial control equipment such as PLC’s, microwaves, washing machines and alarms are amplifying the demand for surge protection devices globally. Among all the application segments, industrial sector holds the largest market share at present in surge protection devices market, whereas; commercial segment is expected to be the fastest growing application segment due to the increase in telephone and internet users in the emerging nations. Adoption of high technologies equipment such as LCD and LED televisions in the emerging countries are the major factors that are responsible for the growth of surge protection devices market globally. These devices are sensitive and a small fluctuation in the...