Global $458.2Mn Digital Fault Recorder Market by Type, Installation, Station and Voltage - Forecast to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 2, 2019--The “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” report has been added to ResearchAndMarkets.com’s offering.
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 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 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.
DriversGrowing Need for Reliable Power Supply System Growing Demand for Digital Substations
RestraintHigh Initial Investment
OpportunitiesGrowing Adoption of IEC 61850 Growing Investments in Renewable Energy Projects in Asia Pacific
ChallengesCyber Security Issues for Processor Based Devices Inadequate Data Management
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Digital Fault Recorder Market, By Voltage
7 Digital Fault Recorder Market, By Installation
8 Digital Fault Recorder Market, By Station
9 Digital Fault Recorder Market, By Region
10 Competitive Landscape
11 Company ProfilesAmetek Ducati Energia E-Max Instruments Elspec ERLPhase GE Kinkei Kocos Logiclab Mehta Tech Procom Systems Prosoft Systems Qualitrol Siemens
For more information about this report visit https://www.researchandmarkets.com/research/4x69qn/global_458_2mn?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190102005370/en/
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SOURCE: Research and Markets
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PUB: 01/02/2019 10:08 AM/DISC: 01/02/2019 10:08 AM