Digital
Fault Recorder Market Scenario
The global digital fault recorder
market is estimated to expand at 4.75% CAGR during the forecast period. 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.
Digital fault recorder is a
recording device used to monitor and access the low, medium, and high-voltage
networks in power plants and transformer substations. This system uses
communications to retrieve fault, disturbance, and sequence of event records
that are captured by protection relays. Digital fault recorder is an integral
component of energy sector which provides monitoring of power grids and ensure
the reliability of electrical supply.
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The growing demand for digital
fault recorder market is attributed to the growing need for digital substations
and need for reliable power supply system. Moreover, increasing investments in
power T&D infrastructure globally is also driving the market for digital
fault recorder. One of the major restraints of the global digital fault
recorder market is high initial investment.
Industry
Segmentation
The market for digital fault recorder
market is segmented based on station as automated and non-automated. Automated
digital fault recorder segment dominates the market as these digital fault
recorders enable remote monitoring, controlling, and coordinating the
transmission and distribution component installed in the substation.
Asia-Pacific is expected to hold the largest share for automated digital fault
recorder which is mainly driven by an increase in demand for retrofitting the
conventional substations in order to upgrade the ageing infrastructure.
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Asia-Pacific accounts for the largest market share and
is the fastest growing region.
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
Leading
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).
Scope
of the Report
This research report provides insights into various levels of analysis,
such as industry analysis and market share analysis for the leading industry
competitors, along with their profiles. It also helps in studying the target
segments by providing views on the emerging & high-growth segments. The
market data comprises the basic assessment of the competitive scenarios and
strategies in the global digital fault recorders market, including high-growth
regions and/or countries, and political and economic environments. The project report
further provides both – historical market values and pricing & cost
analysis
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