Asia Pacific Emerging as Most Lucrative Region for Surge Arresters, Global Market to Reach US$2.4 Bn by 2021
The surge arresters market is driven primarily due to the increasing demand for electronic appliances in households. These appliances can get damaged due sudden voltage surge. The surge arresters are used to protect these appliances from electrical damages. In addition, the rising awareness for power generation through renewable sources of energy is also fuelling the growth for surge arresters. Furthermore, the ongoing industrialization in emerging economies such as India and China is also acting as a factor leading to growth...
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