Insulation Monitoring Devices Market by Response Time, Application, and Geography - Global Forecast to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 17, 2018--The “Insulation Monitoring Devices Market by Response Time, Application (Power Utilities, Manufacturing and Production, Mining, Healthcare, Transportation), and Geography (North America, Europe, Asia Pacific, Rest of the World) - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The insulation monitoring devices market is expected to grow from USD 579 million in 2018 to USD 748 million by 2023, at a CAGR of 5.25% during the forecast period.
The prevention of data loss due to power supply fluctuations, the necessity of electricals in IT systems, and increased demand for insulation monitoring devices from renewable energy power plants. However, high initial investment requirements and lack of skills and expertise might restrain the market growth.
The insulation monitoring devices with adjustable response time of up to 5-7s have seen greater adoption in the past 5 years and are expected to register the highest CAGR during the forecast period. RGG804, an insulation monitoring device from Bender has the time delay of 0.5-5 s. This can be set to adjust according to the applications. The device is suitable for AC, 3AC, and DC IT systems of up to 500 V. The devices with this response time are also suitable for higher voltages with special coupling devices available for the use.
The use of insulation monitoring devices in the healthcare sector is mainly driven by the standards laid down for the correct operations of IT supply systems used in this sector. In healthcare applications, the unearthed systems are used for the power supply of electrical instruments and systems used in surgical applications, life-supporting equipment, and other instruments surrounding patients.
Such systems are basically used in intensive care units (ICUs) and operation theatres. The implementation of such functions in the insulation monitoring devices can be ensured by the external communication of the devices based on the RS485 standards. North America and Europe are likely to be the major adopters of insulation monitoring devices for healthcare application owing to the advancements in the healthcare sector, particularly in hospitals, in these regions.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Insulation Monitoring Devices Market, By Response Time
7 Insulation Monitoring Devices Market, By Application
8 Geographic Analysis of Insulation Monitoring Devices Market
9 Competitive Landscape
10 Company ProfilesABB Bender Captech Cirprotec Deif A/S E. Dold & Sohne Eaton Hakel Lemvigh-Muller Littelfuse Martens (GHM Group) Megacon Mitsubishi Electric Muuntosahko Oy Ppo-Elektroniikka OY Renesas Electronics Schneider Electric Siemens Viper Innovations Wei Dian Union (Hubei) Technology Co.,Ltd
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SOURCE: Research and Markets
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PUB: 12/17/2018 07:58 AM/DISC: 12/17/2018 07:58 AM