Digital Fault Recorder Market Development Strategy, Company Profiles, Competitive Analysis, Size, Share, Growth Insights, Emerging Technologies and Forecast to 2023
Digital Fault Recorder Market Research Report: Information by Type (Dedicated & Multifunctional), Installation (Generation, T & D), Station (Automated & Non-automated), Voltage (
Pune, India – June 11, 2019 /MarketersMedia/ —
Digital Fault Recorder Market Highlights:
Digital fault recorder is a device used to monitor, access, and optimize any disturbance that might happen on the grid, power plants, and substations. Digital fault recorder stores the critical information within the substation and archives this data in a remote enterprise network location for permanent storage and analysis. The main advantages of digital fault recorder include secure data collection, meeting requirements of international fault recording standards, and providing a permanent detailed record of all substation activity at a nominal cost. Transimssion segment is expected to dominate the digital fault recorder market during the forecast period.
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The global digital fault recorder market is projected to grow at a moderate rate during the forecast period, as this technology is still in its nascent stage. Some of the utility operators across the world are still hesitant as the installation of digital field recorder involves high initial investment. Transmission segment held the largest share within digital field recorder market in 2017. On the other hand, digital fault recorder is also used in generation and distribution sectors in order to check the stability of a power system.
Key Players:
The key players of the global digital fault recorder market are GE (US), Elspec (Israel), Siemens AG (Germany), Qualitrol (US), Logiclab (Italy), Ducati Energia (Italy), Ametek (US), E-Max Instruments (US), Kocos (Germany), and Procom Systems (Ontario).
Global Digital Fault Recorder Market Segmentation:
Global digital fault recorder market has been segmented based on installation, voltage, station, type, and region.
Based on type, the market is classified into dedicated and multifunctional. Multifunctional segment is expected to grow at the fastest rate due to growing adoption of multifunctional digital fault recorder in the electricity network and power generation.
Based on station, the market is segmented as automated and non-automated. Automated digital fault recorder is estimated to dominate the market as this segment enables remote monitoring, control, and coordination of the transmission and distribution component installed in the substation.
The global digital fault recorder market is further segmented based on voltage, including less than 66 kV, 66-220 kV, and above 220 kV. 66-220 kV segment of the global digital fault recorder market is estimated to register the highest market share during the forecast period.
Based on region, the global digital fault recorder market covers its growth opportunities and current trends across North America, Europe, Asia-Pacific, South America, Middle East & Africa.
Digital Fault Recorder Market Regional Analysis:
Region wise, Asia-Pacific held the largest market share of the global digital fault recorder market in 2017. It is estimated that Asia-Pacific region will continue to dominate the market during the forecast period, due to rising government investment, especially in China where the Chinese government is expected to invest USD 317 billion to improve power grid infrastructure by 2020.
According to IEA World Energy Outlook 2017, China is planning to invest around USD 27.5 billion towards the development of its transmission network. Such investment is likely to drive the market for digital fault recorder. Hence, the demand for digital fault recorder in Asia Pacific will be increased in order to cater the increasing electricity demand. Similarly, North America being the second largest region is also focusing towards immediate need for reliable power supply system, driving the demand for digital fault recorder
Table Of Content
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Continued…..
List Of Tables
Table 1 Global Digital Fault Recorder Market: By Region, 2018-2023
Table 2 North America Digital Fault Recorder Market: By Country, 2018-2023
Table 3 Europe Digital Fault Recorder Market: By Country, 2018-2023
Table 4 Asia-Pacific Digital Fault Recorder Market: By Country, 2018-2023
Table 5 Middle East & Africa Digital Fault Recorder Market: By Country, 2018-2023
Continued….
List Of Figures
Figure 1 Research Process Of MRFR
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Digital Fault Recorder Market Share, By Installation, 2017 (%)
Continued…….
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