Surge Protection Devices Market Regional Analysis and
Forecast 2017-2022
The report "Surge Protection Devices Market by Type (Hard-Wired, Plug-In, and Line Cord),
Discharge Current (Below 10 kA, 10 kA–25 kA, and above 25 kA), End-User (Industrial,
Commercial, and Residential), and Region - Global Forecast to 2022", The surge protection
devices market is expected to grow from an estimated USD 2.06 Billion in 2017 to USD 2.68
Billion by 2022, registering a CAGR of 5.47%, from 2017 to 2022.
Browse 72 market data tables and 30 figures spread through 146 pages and in -depth TOC
on "Surge Protection Devices Market by Type (Hard-Wired, Plug-In, and Line Cord),
Discharge Current (Below 10 kA, 10 kA–25 kA, and above 25 kA), End-User (Industrial,
Commercial, and Residential), and Region - Global Forecast to 2022"
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89236426.html
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The global market is set to witness significant growth due to growing demand for prote ction
systems for electronic devices, power quality issues, a rise in alternative energy programs, and
cost escalation due to frequent equipment failures.
The industry segment is expected to hold the largest share of the surge protection devices
market, by application, during the forecast period
The industry segment led the surge protection devices market in 2016, and is projected to
dominate the market during the forecast period. The Industry 4.0 initiative is being applied to
vehicles and electrical machinery in order to facilitate remote diagnostics, remote maintenance,
and remote data capture. Such initiatives have increased the need for datacenters, servers, and
communication systems. With the increasing use of electronic equipment, the need for protect ion
systems for such critical equipment has been increasing. This is driving the market for surge
protection devices in the industrial segment, which is expected to create new revenue pockets for
the surge protection devices market during the forecast period.
Hard-wired SPDs to be the fastest growing segment in the surge protection devices market