Surge Protection Devices Market Demand With Top Vendors In The Globe By Historical And Future Forecast Data Till 2025 : Grand View Research Inc.
San Francisco, 20 March 2019: The Report Surge Protection Devices (SPD) Market Analysis By Product Type (Type 1, Type 2, Type 3, Type 4), By Power Rating (0-50 kA, 50.1-100 kA, 100.1-200 kA, 200.1 kA & Above), By Application, By Region, And Segment Forecasts, 2018 – 2025 The global Surge Protection Devices Market is expected to reach USD 3.39 billion by 2025, according to a new study by Grand View Research, Inc. The high costs incurred due to electrical equipment downtime are expected to surge the demand for these devices over the forecast period. The need for protection against lightning and voltage fluctuations has triggered the implementation of SPDs. These devices are available in various types, which are used in an electrical distribution system depending on location requirements. Surge protection devices also ensure proper functioning of electrical equipment during surges caused lightning strikes. Thus, implementation of SPDs is of prime importance for any business or