Surge Protection Devices Market trends, research, analysis and projections for 2017-2022 explored in latest research

Posted on 2019-10-17 by MarketsandMarkets in Energy, Industrial // 0 Comments

Northbrook, USA, 2019-Oct-17 — /EPR Network/ —

The global Surge Protection Devices market is valued at USD 2.06 billion in 2017, and is expected to grow at a CAGR of 5.47%, from 2017 to 2022 as per MarketsandMarkets.

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Why protection system for high technological equipment adopted in emerging economies continues to offer more opportunities?

With the rise in population and increasing economic developments in the developing nations, the demand for electronic items is on the rise. With growing industrialization and increase in disposable income, the standard of living has improved. Hence, the consumption and spending on electronic items has exponentially improved in the past few years. The increase in damage of such equipment is due to, both the increased usage of microprocessors in a greater range of products and the continuing miniaturization of microelectronic components. Adoption of high technological equipment such as LCD, LED, laptops, washing machines, and televisions in the emerging countries are the major factors behind the growth of surge protection devices market globally. Political conditions, economic considerations, and technical requirements provide inclination towards further advances in the surge protection device market.

Why poor design parameters and misleading assumptions remain a major challenge?

There is a need to place multiple components in parallel arrays in the circuit to enable SPDs to handle higher voltage surges. It is a common practice for SPD manufacturers to multiply the surge current capacity of each suppression component by the number of parallel components to finished product’s total surge current capacity. This calculation may sound reasonable, but it is simply not accurate by any engineering principle. Poor mechanical design can lead to one individual suppression component, always having to withstand more energy than its neighbors during a surge event. The net result is that for large transient currents, such as by lightning, surge protection devices can fail violently or even explode as these forces and energies dissipate through one component rather than being equally shared by all of the parallel components. Thus, it is important to design the structural frameworks of surge protection devices precisely and accurately.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the surge protection devices market. These players include Siemens AG (Germany), Eaton Corporation, Plc. (Ireland), Littelfuse, Inc. (U.S.), ABB, Ltd. (Switzerland), and Schneider Electric SE (France). The leading players are trying to make inroads in the markets in developed economies, and are adopting various strategies to increase their market shares.

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