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Stock impact report

Surge Protection Devices Market To Reach USD 7.9 Billion By 2032, Says DataHorizzon Research [Yahoo! Finance]

Emerson Electric Company (EMR) 
Last emerson electric company earnings: 4/21 06:55 am Check Earnings Report
US:NYSE Investor Relations: emerson.com/en-us/investors
Company Research Source: Yahoo! Finance
Fort Collins, Colorado, May 05, 2024 (GLOBE NEWSWIRE) -- Rising demand for surge protection devices propels the industry growth. The surge protection devices (SPD) market is experiencing significant growth, driven by the escalating demand for current-sensitive electronics in both residential and commercial sectors. The proliferation of consumer electronics like refrigerators, washing machines, televisions, printers, and computers, fueled by increasing disposable incomes, underscores this trend. Given the susceptibility of electronic devices to damage from current or voltage fluctuations, there's a heightened need to shield them from potential failure due to sudden surges. Consequently, leading players and new entrants are diversifying their product portfolios to capture market share. For instance, in March 2022, ELAC, a renowned German loudspeaker manufacturer, introduced a range of surge protectors and power conditioners under the Protek brand, featuring modern functionalities s Show less Read more
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