Market research Future Surge Protection Devices Market Top Manufacturer. | Page 4

Surge Protection Devices Market Research Report- Forecast to 2023
Regional Analysis: -
There is a global demand for protecting electrical appliances from sudden voltage hike and power quality
issues that may result in frequent equipment failures. Furthermore there is an increased power production
from alternative energy systems around the world, which drives the need for surge protection devices. With
increased urbanisation projects, the Europe and the North America region is expected to dominate the
market. Also the plan to digitally transform the automobile, industrial and IT manufacturing industries, is
driving the market. A similar trend is witnessed in the Asia-Pacific regions where there is an increase in
infrastructure projects and manufacturing, especially in countries such as China and India. The region is
expected to witness an increased growth rate during the forecast period.
Page | 4
Copyright © 2018 Market Research Future.