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Digital Fault Recorder Market Size, Share & Industry Analysis, By Installation (Generation, Transmission, Distribution), By Station (Non-automated, Automated), By Voltage (Less than 66kV, 66-220kV, Above 220kV) and Regional Forecast, 2021-2028

Region : Global | Report ID: FBI101704 | Status : Ongoing

 

KEY MARKET INSIGHTS

In today’s world, power demand increasing rapidly underpinned by urbanization and industrialization. The utility industry has to mold themselves according to changing the behavior of consumer and growing power demand. The residential and industrial sectors are expected to dominate the overall power demand across the world. The power grid system should be intelligent to provide stable power, and a digital fault recorder is very crucial in stabilizing fluctuation in power grid. The digital fault recorder (DFR) is an important device in monitoring power grids and ensuring reliability of electrical supply. DFR is used to monitor and record any disturbance that may happen on the grid, such as short circuits, critical load cases, breaking operation of the transformer, and power fluctuation that may occur over in the power grid. In short, DFR is a tool to monitor and analyze the faults in power system. The digital fault recorder is used in number of industries to ensure reliability of electrical supply and improve performance.


The digital fault recorder market is segmented into installation, station, and voltage. Installation is further divided into generation, transmission, and distribution. The transmission segment is likely to gain a substantial market of digital fault recorders due to enormous investment in grid infrastructure. The station is bifurcated into non-automated and automated. Automated type is projected to account large share as it enables remote control and monitoring of power distribution systems.


Key Market Driver -

Key Market Driver – Increasing investment in power transmission and distribution network

Key Market Restraint -

Key Market Restraint – High initial investment


The government and private entities around the world are working rigorously in expanding transmission and distribution networks and building new power grid infrastructure. Similarly, increasing demand for reliable electricity supply and growing installation of energy-efficient devices is likely to drive the demand for digital fault recorders.


A digital fault recorder uses a microprocessor that costs high, which increases the overall cost of the recorder. Also, it requires skilled personnel for monitoring and controlling, which is expected to retard the growth of the digital fault recorder market.


Key Players Covered:


Some of the major companies for digital fault recorders are Ametek, Ducati Energia S.p.A., GE Grid Solution, Elspec ltd., Qualitrol, Siemens, KoCoS Messtechnik Ltd, ABB, ERLPhase Power Technologies Ltd., Prosoft-Systems, and LogicLab S.r.l. among others.


Regional Analysis:


The global digital fault recorder market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is experiencing robust growth in information and communication technology that requires a reliable power supply. In addition, the United States is a hub for information technology as it encompasses some of the renowned companies in the world. Similarly, the government and private entities are massively investing in advanced technology and smart grid to ensure the reliability of electrical supply that will leverage the growth of the digital fault recorder.


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The advancement in technology and expansion of micro and smart grid is projected to offer lucrative growth for digital fault recorders in Europe. Asia Pacific is one of the fastest-growing and emerging economies in the world. The increasing demand for power and government initiative for full electrification is driving the digital fault recorder market in Asia Pacific. The Middle East and Africa are primarily intended towards enhancing grid infrastructure for the reliability of electrical supply. UAE, Qatar, Bahrain, Kuwait, and other gulf countries are persistently eyeing for full electrification project. Simultaneously, growing investment in district cooling and grid infrastructure is expected to boost the fault recorder market.


Segmentation


























 ATTRIBUTE


 DETAILS

By Installation




  • Generation

  • Transmission

  • Distribution



By Station




  • Non-automated

  • Automated



By Voltage




  • Less than 66kV

  • 66-220kV

  • Above 220kV



By Geography




  • North America (USA and Canada)

  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)

  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico and Rest of Latin America)

  • Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)



Key Industry Developments



  • In November 2018, Ametek launched Synchrophasor (PMU) in compliance with standard – C37.118.1a-2014 Standard for the TR-3000 Multi-Function Recorder. The TR-3000 performs jobs of several devices simultaneously including transient fault and disturbance recorder, phasor measurement unit, power quality monitor, and sequence of events recorder.


Digital Fault Recorder Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2020
  • 2017-2019

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