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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape
GE Grid Solutions, founded in 1892 with headquarters in Île -de-France, France, offers equipment, systems, and services to help power utilities and industries around the world deliver electricity reliably and effectively from the point of generation to final customers. GE Grid Solutions focuses on overcoming challenges of energy transition by enabling the secure integration of distributed and renewable energy sources into the system.
AMETEK Power Instruments, established in 200 and based out of New York in the United States, is a pioneer in cutting-edge electronic instrumentation for the process and electric utility industries, specialised in tools for measuring and monitoring power generation, transmission, and end-user assets. The company’s product line includes power quality monitors, power transducers, transient fault and disturbance recorders, substation communication equipment, electricity revenue meters, and sequence of events recorders.
Qualitrol Company LLC, headquartered in New York, United States and founded in 1945, specialises in measurement equipment. The company sells equipment for measuring electricity and electrical signals, and are considered a reliable global leader for asset protection tools, information products, and partial discharge monitoring in the power production, transmission, and distribution sectors.
Other market players include Siemens, ERLPhase Power Technologies Ltd., DUCATI Energia Spa, Elspec Ltd., Kinkei System Corporation, and Mehta Tech, Inc., among others.
Digital Fault Recorder Market Report Snapshots
Digital Fault Recorder Market Size
Digital Fault Recorder Market Share
Digital Fault Recorder Market Analysis
Digital Fault Recorder Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global market for digital fault recorder attained a value of approximately USD 1.13 billion.
The market is projected to grow at a CAGR of 6.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, to reach USD 1.98 billion by 2032.
The major drivers of the market include rising need for digital substations and electric power stations, increasing demand for accurate and reliable devices to detect faults in power systems, and expanding grid networks in developing countries.
Increase in demand for renewable energy, various environmental legislations, advancements in technology for digital fault recorders, and increasing investments in energy projects are the key trends in the market.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major types of digital fault recorders in the market are dedicated and multifunctional.
The various installations of digital fault recorders in the market are transmission, generation, and distribution.
The primary stations of digital fault recorders in the market are automated and non-automated.
The major players in the digital fault recorder market, according to the report, are GE Grid Solutions, Siemens, AMETEK Power Instruments., Qualitrol Company LLC, ERLPhase Power Technologies Ltd., DUCATI Energia Spa, Elspec Ltd., Kinkei System Corporation, and Mehta Tech, Inc., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124