Shipments of Surge Suppressors to the Americas Forecast to Reach $US 1.1 Billion In 201218 Jun, 2008
Shipments of Surge Suppressors to the Americas Forecast to Reach $US 1.1 Billion In 2012
Natick , Massachusetts (June 13, 2008) – In the recently published Volume 7: Americas Powerline Surge Suppressors from its 2008 Power Protection Market Intelligence Program, VDC forecasts the market for powerline surge suppressors to grow from $US 860 million in 2007 to $US 1.1 billion in 2012.
Despite pressures due to increasing material costs, low-cost manufacturing, and testing requirements for new standards, VDC expects modest growth in both of these product categories. Vendors continue to look for ways to add value in this highly commoditized market.
Of the two product categories, shipments of hard-wired surge suppressors are forecast to grow the fastest. Construction of non-residential buildings, communication upgrades and expansion, and new industrial projects are some of the factors that will contribute to this growth over the next five years:
a.. New telecommunication and data communications facilities will come on line as companies move to consolidate and expand their data operations.
b.. Sharp increases in fuel prices will drive new oil and gas construction as well as new alternative energy projects including photovoltaic, wind- and fuel cell-based systems. These projects will provide new opportunities for surge suppressor vendors.
c.. Construction of institutional buildings such as universities and hospitals to address the needs of the growing and aging population.