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Surge Protection Devices Market by Type, Discharge Current, End-User And Region - Global Forecast to 2022LONDON, Nov. 8, 2017 /PRNewswire/ -- "The surge protection devices market is projected to grow at a CAGR of 5.47%, from 2017 to 2022" Increased investments in modernizing infrastructure and urbanizing populations, especially in developing economies such as China and India, is expected to drive the Asia-Pacific surge protection device market. The Chinese market was, by far, the largest in the world in terms of infrastructure development in 2015. A rise in investments in smart grid technologies and smart cities that include distribution grid automation, smart meters, and demand response systems in countries such as Japan, South Korea, and Australia would create opportunities for the surge protection devices market. "The surge arresters market is projected to grow at a CAGR of 5.11%, from 2017 to 2022" In this report, the surge arresters market has been segmented, on the basis of type, into station class, intermediate class, and distribution class, and on the basis of voltage into low and medium voltage, high voltage, and extra high voltage surge arresters. The market has also been segmented, on the basis of region, into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The market for surge arresters is expected to grow from an estimated USD 1.49 billion in 2017 to USD 1.91 billion by 2022, at a CAGR of 5.11%, from 2017 to 2022. Breakdown of Primaries: In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows: - By Company Type: Tier 1- 60%, Tier 2- 27%, Tier 3- 13% - By Designation: C-Level- 35%, Director Level- 25%, Others- 40% - By Region: Americas- 40%, Europe- 19%, Asia-Pacific- 17%, Middle East—15% and Africa—9% Note: Others includes sales managers, product managers, and design engineers The tier of the company has been defined on the basis of its total revenue, as of 2013: Tier 1 = > USD 1 billion, Tier 2 = From USD 1 billion to USD 500 million, and Tier 3 = < USD 500 million Some of the prominent players in the surge protection devices market include ABB, Ltd. (Switzerland), Siemens AG (Germany), Schneider Electric SE (France), Emerson Electric Company (U.S.), and Eaton Corporation, Plc. (Ireland). Research Coverage: The report defines, describes, and forecasts the global surge protection devices market by type, end-user, discharge current, and region. The report also forecasts the global surge arresters market by type, voltage, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, challenges, winning imperatives, and key issues. It also covers various important aspects of the market. Why buy this report? 1. The report identifies and addresses key markets for surge protection devices, which would help suppliers review the growth in the demand for the product. 2. The report helps solution providers understand the pulse of the market, and provides insights into drivers, restraints, and challenges. 3. The report will help key players understand the strategies of their competitors better, and will help in making strategic decisions. Download the full report: https://www.reportbuyer.com/product/5184191 About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers https://www.reportbuyer.com For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: [email protected] Tel: +44 208 816 85 48 Website: www.reportbuyer.com
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