Gas Discharge Tubes Market: By Product Type (Surface-mounted, 2-electrode and 3-electrode), By Capacity (Low-medium Surge, Medium-high Surge and High Surge), By End User (Telecommunications, Power Supply, TV Equipment and Others) and Geography  

Gas Discharge Tubes Market Dynamics

Rising urbanization and increase in disposable income have increased the standard of living in developing countries, owing to which there is an increase in spending on electronic devices in these regions. Increased adaptation of electronics in the automotive industry has increased the demand for electronic components due to which there is an uprise in the demand for gas discharge tubes. The advancement of science & technology is expanding the electronics market due to the development of new electronic products. The above-mentioned factors are positively impacting the gas discharge tube market. In recent times, there has been a significant increase in demand for consumer electronics and other electronic devices owing to which there is an upsurge in the production of electronic components such as gas discharge tubes. The growth of the electronic industry will be the main driving factor for the gas discharge tube industry. In recent years, the consumption of electronic devices such as computers, laptops, mobiles, etc. has witnessed robust growth, which has fueled the telecommunications industry. The growth of the telecommunication industry has boosted the gas discharge tubes market.