Global Digital Fault Recorder Market was valued at US$ 320.90 Mn in 2019 and is expected to reach US$ 420.80Mn by 2026, at a CAGR of 3.45% during a forecast period.
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Global Digital Fault Recorder Market, By Type
Global Digital Fault Recorder Market Dynamics
Digital fault recorder is a device, which is used to monitor, access, and optimize any disturbance that is present in 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 offers benefits such as secure data collection, meeting requirements of international fault recording standards, and offers 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 the digital fault recorder market. The governments of the developing economies are focusing to increase power grid infrastructures which 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 environmental protection, various targets associated with energy efficiency.
Global Digital Fault Recorder Market Segment Analysis
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 the globe.
Based on the station, an automated segment is expected to grow at a high rate CAGR during the 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 remote 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 which will drive the growth of the automated digital fault recorders.
Global Digital Fault Recorder Market Regional Insights
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 US $315 billion to improve power grid infrastructure by 2026. 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 a clear representation of the current market scenario of the 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.
Global Digital Fault Recorder Market, Key Highlights:
• Global Digital Fault Recorder Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Digital Fault Recorder Market
• Global Digital Fault Recorder Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Digital Fault Recorder Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Digital Fault Recorder Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Digital Fault Recorder Market are also profiled.
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
Global Digital Fault Recorder Market, by Voltage
• Less than 66 kV
• 66–220 kV
• Above 220 kV
Global Digital Fault Recorder Market, by Station
Global Cable Glands Market, by Geography
• North America
• Middle East & Africa
• South America
Global Cable Glands Market Key Players
• DUCATI Energia Spa
• ERL Phase Power Technologies Ltd
• Elspec LTD
• General Electric Company
• KoCoSMesstechnik AG
• Kinkei System Corporation
• Prosoft-Systems Ltd.
• Qualitrol Company LLC
• Siemens AG
• E-Max Instruments
• Procom Systems
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