“The 2002 Power Protection Market Intelligence Program,” a new study released by technology market research firm Venture Development Corp., Natick, Mass., reports that the combined consumption of power line surge suppressors in North America and Europe will increase from $978 million in 2001 to nearly $1.5 billion by 2006—a compound annual growth rate of 8.8%. Unit growth rates are predicted to grow even faster, increasing from 58 million units in 2001 to 105 million units in 2004.
According to the study, this growth will be driven by several factors.
Increasing awareness among end-users of the need for surge suppression in applications other than PCs.
Greater functionality and new features in plug-in surge suppressors, including expanded data line protection, more peripheral on/off options, and better warning mechanisms.
As deregulation, grid reliability, and power quality issues continue to affect the bottom line of many companies, they will realize the benefits of surge suppression, creating a higher demand for hard-wired surge suppressors.
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