Surge Protection Devices Market: Industry Analysis and Detailed Profiles of top Industry Players 2015 - 2023
The vendor landscape of the global market for surge protection devices has been rendered largely fragmented and competitive owing to the presence of a large number of product manufacturers, notes Transparency Market Research in a recent report. The market has witnessed increased efforts from leading vendors towards the introduction of innovative and more advanced product varieties and expansion across emerging regional markets and application areas. Moreover, funds diverted towards R&D efforts have also seen a significant surge in the recent years. Some of the leading companies in the market are Emerson Electric Co., Schneider Electric S.E., Raycap Corporation S.A., Eaton Corp. PLC., GE Industrial Solutions, Tripp-Lite, and ERICO International Corporation. According to the report, the global surge protection devices market is likely to exhibit a promising CAGR of 5.6% from 2014 to 2020, rising to a revenue opportunity of US$2,808.6 mn by 2020. Industrial Sector to...