Market Highlights:
Digital fault recorder is a device used to monitor, access, and optimize any disturbance that might happen on the grid, power plants, and substations. 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. 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.
Based on type, the market is segmented into dedicated digital fault recorder and multifunctional digital fault recorder. The multifunctional segment is estimated to hold the largest share during the forecast period due to growing adoption of multifunctional digital fault recorder in the electricity network and power generation. The voltage segment includes less than 66 kV, 66-220 kV, and above 220 kV. The 66-220 kV segment is expected to hold the largest share during the forecast period due to increasing energy demand over long distances in the region. The digital fault recorder with voltage 66-220 kV are used to transmit power over long distances which is likely to drive the market for digital fault recorder.
The global digital fault recorder market is expected to grow at ~ 4.75% CAGR during the forecast period.
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Market Research Analysis
Asia-Pacific accounts for the largest market share and is the fastest growing 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.
According to IEA World Energy Outlook 2017, China is planning to invest around USD 27.5 billion towards the development of its transmission network. Such investment is likely to drive the market for digital fault recorder. Hence, the demand for digital fault recorder in Asia Pacific will be increased in order to cater the increasing electricity demand. 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
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.
By Installation
Generation
Transmission
Distribution
By Voltage
Less than 66 kV
66-220 kV
Above 220 kV
By Station
Automated
Non-Automated
By Type
Dedicated
Multifunctional
By Regions
North America
Asia-Pacific
Europe
Middle East & Africa
South America
Key Players:
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).
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