Digital fault recorder stores the critical information within the substation and archives this data in a remote enterprise network location for permanent storage and analysis. Digital fault recorder is a device used to monitor, access, and optimize any disturbance that might happen on the grid, power plants, and substations.
The global digital fault recorder market is expected to grow at 4.75% CAGR during the forecast period. The global digital fault recorder market is projected to grow at a moderate rate during the forecast period, as this technology is still in its nascent stage. Some of the utility operators across the world are still hesitant as the installation of digital field recorder involves high initial investment.
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The main advantages of digital fault recorder include secure data collection, meeting requirements of international fault recording standards, and providing a permanent detailed record of all substation activity at a nominal cost. Transimssion segment is expected to dominate the digital fault recorder market during the forecast period.
Th global Digital fault recorder market has been segmented based on installation, voltage, station, type, and region.
- Less than 66 kV
- 66-220 kV
- Above 220 kV
- North America
- Middle East & Africa
- South America
The key players of the global digital fault recorder market are GE (US), Elspec (Israel), Siemens AG (Germany), Qualitrol (US), Logiclab (Italy), Ducati Energia (Italy), Ametek (US), E-Max Instruments (US), Kocos (Germany), and Procom Systems (Ontario).
Scope of the Report
This report provides an in-depth analysis of the global digital fault recorder market, tracking four market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Europe, Asia-Pacific (APAC) and Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the digital fault recorder system market by its type, connectivity, end-user, and by region.
Region wise, Asia-Pacific held the largest market share of the global digital fault recorder market in 2017. It is estimated that Asia-Pacific region will continue to dominate the market during the forecast period, due to rising government investment, especially in China where the Chinese government is expected to invest USD 317 billion to improve power grid infrastructure by 2020.
Similarly, North America being the second largest region is also focusing towards immediate need for reliable power supply system, driving the demand for digital fault recorder
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List Of Figures
Figure 1 Research Process Of MRFR
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Digital Fault Recorder Market Share, By Installation, 2017 (%)
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