Due to the existence of numerous well-known firms, the industry might be characterized as extremely competitive. The market participants' primary tactics include the creation of new products, capacity growth, mergers and acquisitions, strategic alliances, partnerships, and agreements, as well as funding for R&D. Businesses like General Electric Company are concentrating especially on offering surge protectors for wall taps and power strips. Key manufacturers are concentrating on expanding their product portfolios after realizing that product quality is the most important factor in the industry. The main focus of major businesses is on creating complex and inventive products that are the result of intensive research and development.
Here are some leading players in the commercial surge protection devices market:
Author Credits: Dhruv Bhatia
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