In a recent published report, Kenneth Research has updated the market report for U.S. Surge Protection Devices Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for U.S. Surge Protection Devices Market products.
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At Verified Market Intelligence, we provide a market study that encompasses both qualitative and quantitative assessments of latest trends for the market segmentations classified by our analysts. According to Verified Market Intelligence, the U.S. Surge Protection Devices Market was valued at USD 955.1 million in 2017 and is projected to reach USD 1,467.3 million by 2025, growing at a CAGR of 5.5% from 2018 to 2025.
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Surge protector works as a gatekeeper for electric appliances as it blocks and allocates the high voltage spikes. Surge protector device helps in supplying only limited electric voltage which can be handled by the appliance. It also has a tendency of blocking the voltage spike but it is not the best option to protect electric appliances from close by lightning strikes. The penetration of surge protection devices is largest in the North America.
Growing demand for protection systems in electronic appliances and adoption of alternative energy programs is driving the U.S. surge protection devices market. Apart from this, characteristic of surge protection devices of providing safety only against voltage spikes and not close lightning strike might hamper the U.S market as the population requires a two in one options for their home due to volatile environment conditions.
The â€œ U.S. Surge Protection Devices Market â€ study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Eaton Corporation, Emerson Electric Co, Siemens Industry, Citel Inc., Transector Systems, Inc., L-Com, Inc., Square D, Power Logics, Inc., Total Protection Solutions (TPS), Advanced Protection Technologies Inc. (APT), MCG Surge Protection, ITW Linx, Surge Protection, EDCO Surge Protection. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
As a part of market estimation, the study also comprises a list of tables and figures for the â€œU.S. Surge Protection Devices Marketâ€ which focuses on a constructive knowledge essential for the companies or individuals interested in the market study report. As a part of market segmentation, our study exhibits a market analysis on the basis of type and industry application.
On the basis of type, the U.S. Surge Protection Devices Market can be categorized into three sections; consumption type, cancer type and therapeutic modality. This market study analyses the industry for U.S. Surge Protection Devices Market extracts based on these divisions. The U.S. Surge Protection Devices types are divided into supplements and combination with Cisplatin/Carboplatin. The industry is then sectioned by cancer type which includes lung cancer, liver cancer, colorectal cancer, stomach cancer, breast cancer and others. The industry is also divided into therapeutic modality which includes chemotherapy, immunotherapy and others.
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