Rising Use of Consumer Electronics and Appliances Generate Prominent Sales Opportunities in Surge Arresters Market: TMR

Rising Use of Consumer Electronics and Appliances Generate Prominent Sales Opportunities in Surge Arresters Market: TMR

PR Newswire

ALBANY, N.Y, Dec. 16, 2020

- The global surge arresters market is likely to show promising growth on the back of improved disposable income of major population across the globe. Thus, the market is estimated to gain the valuation of around US$ 3.25 Bn by 2027.

- Asia Pacific is fastest growing region in the surge arresters market. 

ALBANY, N.Y, Dec. 16, 2020 /PRNewswire/ -- Surge arresters are gaining traction across the globe owing to their ability to effectively normalizing and adjusting power consumption. These devices are used for protecting various electronic appliances from the damages due to abrupt voltage surges. Thus, surge arresters are utilized in commercial, industrial, and household applications. Owing to increasing demand for these products worldwide, the global surge arresters market is estimated to grow at rapid pace during forecast period of 2019 to 2027.

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Analysts at TMR are of the opinion that the global surge arresters market will trace positive growth curve and expand at 5.10% CAGR between 2019 and 2027. Growing focus of major market enterprises toward the development of superior quality products is likely to impact positively on overall market expansion in the forthcoming years.

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Key Findings of Surge Arresters Market Report

Explore 95 pages of top-notch research, incisive insights, and detailed country-level projections on Surge Arresters Market (Voltage Type – Low Voltage Surge Arresters, Medium Voltage Surge Arresters, and High Voltage Surge Arresters; Application – Industrial, Commercial, and Household) - Global Industry Analysis, Trend, Size, Share, and Forecast 2019 - 2027 at https://www.transparencymarketresearch.com/surge-arresters-market.html

Surge Arresters Market: Key Driving Factors and Promising Avenues

Analyze global surge arresters market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

Surge Arresters Market: Competitive Assessment

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The surge arresters market can be segmented as follows:

By Voltage types

By Application

By geography

Explore Transparency Market Research's award-winning coverage of the Global Electronics & Semiconductors Industry:

Power Inductor Market – The development of new technologies in smartphones, laptops, televisions, automotive charging systems, and power steering are expected to boost the global power inductor market during the forecast period. Rise in demand for metal alloy power inductors in infotainment systems for use in automotive applications is projected to drive the power inductor market

Counter-IED Market – The global counter-IED market is projected to grow at a moderate CAGR of ~3% during the forecast period. The market growth is primarily driven by the increasing adoption of counter-IED solutions for military and law enforcement applications, increasing need to reassess the existing counter-IED solutions, rising number of terrorist attacks in the conflict zones, and research & development activities.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyse information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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