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.
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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