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Poor Power Quality & Ensuing Need to Protect Electronic Equipment Drives Demand for Surge Protection Devices, According to New Report by Global Industry Analysts, Inc.
  • USA - English


News provided by

Global Industry Analysts, Inc.

Dec 03, 2013, 09:25 ET

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Surge Protection Devices (SPDs): A Global Strategic Business Report

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San Jose, California (PRWEB) December 03, 2013 -- Follow us on LinkedIn – Surge protection devices (SPDs) comprising of transient voltage surge suppressors, and surge arrestors, are growing in importance, given the billions of dollars of losses caused by voltage fluctuations and power line abnormalities. Widespread use of sophisticated electrical, electronic, communication and data equipment is the primary driving force spurring the adoption of power management solutions such as surge protection devices (SPDs) in both developed and developing economies. Proliferation of home appliances, personal computers, heating and air conditioning equipment, and other high-end industrial electronic equipment, presents a strong business case for SPDs. Increasing miniaturization and clock speeds of microprocessors as dictated by Moore’s Law comes at a price, namely higher sensitivity of the chips to power transients, electromagnetic interference, radio frequency interference and electrical field transients. The increasing sensitivity of modern electronic equipment/devices to even split-second electricity fluctuations throws the focus squarely on SPDs, especially so against a scenario when industries across the world are migrating towards digitization and automation of production and business processes.

The commercial end-use sector, comprising telecommunications firms, investment banks, data centers and telecom among others, is expected to witness strong growth in the coming years. With nationwide alternate energy programs gaining traction in Germany, China and other major economies, demand for surge protectors is expected to gain strength, given that wind power turbines and solar PV arrays installations are highly prone to lightning strikes. The increasing substitution of conventional coil and core street lamps with light emitting diodes for outdoor lighting is also opening up new growth avenues for SPD manufacturers.

As stated by the new market research report on Surge Protection Devices (SPDs), the United States represents the largest market worldwide. Developing countries are forecast to spearhead future growth in the market led by mounting issues related to stable power supply. Escalating demand for energy as a result of robust pace of economic development and industrialization, inefficient energy infrastructure and power shortages, are key reasons responsible for poor power quality in these countries. Asia-Pacific led by China, and India is forecast to witness the strongest growth over the analysis period. Key factors driving growth in the region include stringent enforcement of SPD installations, and growing consumer appetite for LCD and LED TVs, personal computers and other expensive electronic devices.

Line Cord SPDs constitutes the largest product market in the world SPDs market, while Hard-Wired SPDs represents the fastest growing market segment. Hard-wired Cord SPDs including receptacles and panel mount SPDs, are more ubiquitous than plug-in SPDs and line-cord SPDs, and find application as an integral part of the electrical architecture of every residential, commercial and industrial building. In contrast, Plug-in SPDs and line-cord SPDs are more of an optional purchase, influenced by consumer awareness and use of electrical, electronic or communications equipment and data lines.

Global market for SPDs is extremely competitive characterized by a high degree of fragmentation, and pricing pressures. The relatively commoditized SPD technology leaves very little scope for differentiation. Pure-play SPD manufacturers face stiff competition from large diversified electrical equipment makers.

Major players covered in the report include Advanced Protection Technologies Inc., Belkin international Inc., DEHN + SONS GmbH + Co. KG, Eaton Corporation PLC, GE Industrial Solutions, Hubbell Incorporated, Koninklijke Philips N.V., Leviton Manufacturing Co. Inc., Legrand, Liebert Corporation, Nexus Industries Ltd., Novaris Pty Ltd., OBO BETTER MANN GmbH & Co. KG, Phoenix Contact GmbH & Co. KG, Panamax LLC, Schneider Electric SA, REV Ritter GmbH, Smiths Interconnect, Shenzen Dowin Lightning Technologies Co. Ltd., Thomas & Betts Power Solutions LLC, and Tripp Lite.

The research report titled "Surge Protection Devices (SPDs): A Global Strategic Business Report" announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, challenges, issues, and strategic industry activities of major companies worldwide . The report provides revenue estimates and projections for all major geographic markets, including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil, and Rest of Latin America) and Rest of World. The global and regional markets for SPDs are analyzed in US dollars by the following product types: Plug-In, Hard-Wired, Line Cord, and Power Control Center. The global SPDs market is further analyzed by end-use sectors comprising Communication, Consumer, and Others (includes Industrial, and Healthcare Applications, among others).

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Surge_Protection_Devices_SPDs_Market_Report.asp.

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

###

Public Relations, Global Industry Analysts, Inc., http://www.StrategyR.com/, +1 (408) 528-9966, [email protected]

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Global Industry Analysts, Inc.
Global Industry Analysts, Inc.
Global Industry Analysts, Inc.

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