PUNE, India, June 14, 2018 /PRNewswire/ --
According to a new market research report "Digital Fault Recorder Market by Type (Dedicated and Multifunctional), Installation (Generation, Transmission, and Distribution), Station (Nonautomated and Automated), Voltage (Less Than 66 kV, 66-220 kV, and Above 220 kV) - Global Forecast to 2023", published by MarketsandMarkets™, the market is expected to grow from an estimated USD 363.1 million in 2018 to USD 458.2 million by 2023, registering a CAGR of 4.76% during the forecast period. The growth of this market is primarily driven by growing need for a reliable power supply system and growing demand for digital substation.
Browse 55 market data Tables and 24 Figures spread through 105 Pages and in-depth TOC on "Digital Fault Recorder Market"
Early buyers will receive 10% customization on this report
On the basis of installation, the transmission segment is expected to hold the largest share of the market
The transmission segment dominated the Digital Fault Recorder Market in 2017. The growth of this segment is likely to be driven by the increase in investments in the power transmission infrastructure globally. For instance, according to the IEA World Energy Outlook 2016, an investment of USD 1.5 trillion is expected to occur in the global transmission infrastructure, under the 450 scenario, between 2016 and 2040.
Ask for PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=49842728
The Digital Fault Recorder Market for the automated segment, by station, is expected to be the fastest-growing segment of the market
The Digital Fault Recorder Market for the automated segment, by station, is expected to grow at the highest CAGR from 2018 to 2023. This segment enables to remotely monitor, control, and coordinate the transmission and distribution components installed in the substation. The growth of this automated segment is likely to be driven by an increase in demand for retrofitting the conventional substations to upgrade the aging infrastructure.
Asia Pacific: A leading market for digital fault recorders
In this report, the Digital Fault Recorder Market has been analyzed with respect to 5 regions, namely, North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Asia Pacific accounted for the largest share of the global Digital Fault Recorder Market in 2017. Government investments to improve power grid infrastructure for maximizing the reliability of power system are among the major factors that are likely to drive this market.
To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Digital Fault Recorder Market. These players include AMETEK.Inc. (US), DUCATI Energia Spa (Italy), ERLPhase Power Technologies Ltd. (Canada), Elspec LTD (Israel), General Electric Company (US), KoCoS Messtechnik AG (UK), Kinkei System Corporation (Japan), LogicLab s.r.l. (Italy), Prosoft-Systems Ltd. (Russia), Qualitrol Company LLC (US) and Siemens AG (Germany), The leading players are trying to increase their regional presence in the developed economies and are adopting various strategies to increase their market shares.
Know more about the Digital Fault Recorder Market:
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
630 Dundee Road
Northbrook, IL 60062
Visit Our Blog: http://www.marketsandmarketsblog.com/market-reports/energy-and-power
Connect with us on LinkedIn: http://www.linkedin.com/company/marketsandmarkets