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Home / News / Surge Protection Devices Market to Grow at 8.1% CAGR and Reach USD 6.1 Billion by 2032

Surge Protection Devices Market to Grow at 8.1% CAGR and Reach USD 6.1 Billion by 2032

Views: 0     Author: Site Editor     Publish Time: 2023-08-22      Origin: Site

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Surge Protection Devices Market to Grow at 8.1% CAGR and Reach USD 6.1 Billion by 2032

Acumen Research and Consulting recently published report titled “Surge Protection Devices Market Forecast, 2023 - 2032”

TOKYO, Aug. 21, 2023 (GLOBE NEWSWIRE) -- The Global Surge Protection Devices Market Size accounted for USD 2.8 Billion in 2022 and is projected to achieve a market size of USD 6.1 Billion by 2032 growing at a CAGR of 8.1% from 2023 to 2032.

A surge protector is a device that protects your electronic devices from power surges. Power surges can be caused by a number of things, such as lightning strikes, power outages, and even switching on or off a large appliance. When a power surge occurs, it can cause a sudden increase in voltage that can damage your electronic devices. A surge protector works by diverting the excess voltage away from your devices, protecting them from damage. Surge protectors are a relatively inexpensive way to protect your valuable electronic devices from power surges. They are available in a variety of sizes and styles to fit your needs.

The surge protection devices market remains upbeat, driven by increasing vulnerabilities to voltage spikes, surging deployment of electrical infrastructure, and rising consumer electronics demand. This article provides a thorough surge protection devices market analysis including size, share, latest trends, drivers, restraints and key companies.

news from GlobeNewswire via QuoteMedia

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