The Global report on “Digital Fault Recorder Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements. An exclusive data offered in this report is collected by research and industry experts team.
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“The digital fault recorder market is projected to grow at a CAGR of 4.76% from 2018 to 2023.”
The global digital fault recorder market is estimated to be USD 363.1 million in 2018 and is projected to grow at a CAGR of 4.76% to reach USD 458.2 million by 2023. The growth of this market is driven by the growing need for reliable power supply system and growing demand for digital substation. High initial investment act as a restraint for the global digital fault recorder market.
“The market for 66–220 kV is expected to grow at the highest CAGR.”
The market for 66–220 KV is expected to grow at the highest CAGR from 2018 to 2023. The growth in investment of transmission & distribution infrastructure, for the creation of reliable power supply system, is driving the demand for digital fault recorders in this segment.
“Asia Pacific: The largest market for digital fault recorder.”
Asia Pacific is the fastest-growing market for digital fault recorders. The region witnesses a high demand for electricity due to fast developing economies such as India and China. According to Asia Development Bank (ADB), an investment of about USD 944 billion is planned in Asia Pacific by 2020 to meet energy efficiency targets. Japan, China, and India are making investments in the transmission & distribution segment; China accounted for the largest share of the digital fault recorder market in Asia Pacific in 2017. The country is an export-oriented economy and has witnessed exponential growth in the demand for electricity in the past couple of decades, fuelled by high industrialization and infrastructural developments, leading to investment in reliable T&D networks.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants to obtain and verify critical qualitative and quantitative information as well as to assess future market prospects. The distribution of primary interviews is as follows:
- By Company Type: Tier 1 = 48%, Tier 2 = 38%, Tier 3 = 14%
- By Designation: C–Level = 20%, Director Level = 35%, Others = 45%
- By Region: North America = 25%, Europe = 18%, Asia Pacific = 30%, South America = 7%, the Middle East = 20%
AMETEK.Inc. (US), DUCATI Energia Spa (Italy), ERLPhase Power Technologies Ltd. (Canada), Elspec LTD (Israel), General Electric Company (US), KoCoSMesstechnik AG (UK), Kinkei System Corporation (Japan), LogicLabs.r.l. (Italy), Prosoft-Systems Ltd. (Russia), Qualitrol Company LLC (US), andSiemens AG (Germany),are some of the prominent players in the market.
The report defines, describes, and forecasts the global digital fault recorder market by type, installation, voltage, station, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, challenges, winning imperatives, and key issues. It also covers various important aspects of the market.
Why buy this report?
- The report identifies and addresses key markets for digital fault recorder market, which would help suppliers review the growth in the demand for the product.
- The report helps solution providers understand the pulse of the market and provide insights into drivers, restraints, and challenges.
- The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.
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