Global digital fault recorder market was value US$ 320.90 Mn in 2017 and is expected to reach US$ 420.80Mn by 2026, at a CAGR of 3.45 % during a forecast period.
Global Digital Fault Recorder Market, By TypeA digital fault recorder is a device, which is used to monitor, access, and optimize any disturbance that is present on the grid, power plants, and substations. Digital fault recorder provisions the critical information within the substation and records this data in a remote enterprise network location for stable storage and analysis. Digital fault recorder provides the benefits such as secure data collection, meeting requirements of international fault recording standards, and offering a permanent detailed record of all substation activity at a nominal cost.
An upsurge in the need for dependable power supply systems and increasing demand for the cardinal substation are expected to drive digital fault recorder market. The governments of the developing economies are focusing to increase power grid infrastructures is one of the key drivers for the digital fault recorder market. Digital fault recorder devices are providing a helpful platform by increasing awareness about environment protection, various targets associated with energy efficiency.
The transmission segment is expected to dominate the digital fault recorder market. The growth of this segment is likely to be determined by the increase in investments in the power transmission infrastructure across globe.
Based on the station, an automated segment is expected to grow at the high rate CAGR during forecast period. This growth is attributed to its feature such as it enables to remotely monitor, control, and coordinate the transmission and distribution components installed in the substation. An upsurge in demand for retrofitting the conventional substations to upgrade the aging infrastructure is one of the key drivers for the automated segment. The automated digital fault recorder benefits in applications such as remotely monitoring, controlling, and coordinating various transmission and distribution. Need to advancement the aging, existing power infrastructure, the demand to retrofit the traditional digital fault recorder substations will drive the growth of the automated digital fault recorders.
The report provides a detailed overview of the Global Digital Fault Recorder Market including regional analysis information. Geographically, Asia-Pacific is expected to share significant growth in the digital fault recorder market. The growth is attributed to the rising government investment in power grid infrastructure. The Chinese government is expected to invest nearly about the US $ 315 billion to improve power grid infrastructure by 2020. They are also planning to invest around USD 27.5 billion towards the development of a transmission network. Increasing investment in China is likely to drive the market for digital fault recorder.
The report gives the clear representation of current market scenario of Global digital fault recorder market, which includes projected market size in terms of value and volume, pestle analysis, Porter's analysis factors in the market.
for more info:https://www.maximizemarketresearch.com/market-report/global-digital-fault-recorder-market/23722/
The Scope of the Report for Global Digital Fault Recorder Market
Global Digital Fault Recorder Market, By Type
• Dedicated DFR
• Multifunctional DFR
Global Digital Fault Recorder Market, By Installation
• Generation
• Transmission
• Distribution
Global Digital Fault Recorder Market, By Voltage
• Less than 66 kV
• 66–220 kV
• Above 220 kV
Global Digital Fault Recorder Market, by station
• Non-automated
• Automated
Global Cable Glands Market, By Geography
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Cable Glands Market
• AMETEK.Inc.
• DUCATI Energia Spa
• ERL Phase Power Technologies Ltd
• Elspec LTD
• General Electric Company
• KoCoSMesstechnik AG
• Kinkei System Corporation
• LogicLabs.r.l.
• Prosoft-Systems Ltd.
• Qualitrol Company LLC
• Siemens AG
• ABB
• E-Max Instruments
• Procom Systems
About Us:
Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Contact info:
Name: Vikas Godage
Organization: Maximize Market Research Pvt.Ltd.Pune
Email: sales@maximizemarketresearch.com
Contact: +919607065656 / +919607195908
Website:www.maximizemarketresearch.com
Article source: https://article-realm.com/article/Finance/9541-Global-Digital-Fault-Recorder-Market-Industry-Analysis-and-Forecast-2018-2026.html
Reviews
Comments
Most Recent Articles
- Sep 13, 2024 Why SIP in ELSS is a Win-Win for Tax Saving and Wealth Creation by sandeepkumar
- Sep 12, 2024 How Does the Portfolio Overlap Tool Work in Top Mutual Fund Software in India? by Wealth Elite
- Sep 5, 2024 Wealth management versus financial planning by Anna Paquin
- Sep 2, 2024 How Does the Compare Funds Feature in Mutual Fund Software Work? by Wealth Elite
- Aug 29, 2024 How Mutual Fund Software for IFA Helps in Selecting the Right Mutual Fund for Investors? by Wealth Elite
Most Viewed Articles
- 11084 hits How to Start an Invention Idea by Edwin Poul
- 9063 hits How to Download and Install Facebook Messenger on Firestick by Hope Mikaelson
- 2607 hits Brief discussion about Water by kavin prasath
- 2114 hits Importance of Proofreading While You Write an Assignment by clara
- 1891 hits Sleeping Pillow Market by Trisha Kumari
Popular Articles
In today’s competitive world, one must be knowledgeable about the latest online business that works effectively through seo services....
77365 Views
Are you caught in between seo companies introduced by a friend, researched by you, or advertised by a particular site? If that is the...
32685 Views
Walmart is being sued by a customer alleging racial discrimination. The customer who has filed a lawsuit against the retailer claims that it...
13674 Views
If you have an idea for a new product, you can start by performing a patent search. This will help you decide whether your idea could become the...
11084 Views
Statistics
Members | |
---|---|
Members: | 15316 |
Publishing | |
---|---|
Articles: | 63,054 |
Categories: | 202 |
Online | |
---|---|
Active Users: | 501 |
Members: | 1 |
Guests: | 500 |
Bots: | 6426 |
Visits last 24h (live): | 2366 |
Visits last 24h (bots): | 24680 |