Surge Protection Devices Market to Exhibit 5.60% CAGR, Fueled by Growing Use of Electrical Equipment
Surge protection refers to safeguarding electronic devices from power spikes and surges. A power surge is a substantial rise in voltage in comparison with the designated voltage levels. When the power voltage goes above the standard level, it is most likely to damage electronic devices. The increasing use of electronic equipment, reduction in data loss, delays, and maintenance costs, and increased demand from developing economies are the major factors driving the global market for surge protection devices. However, the volatile...
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