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As per the digital fault recorder market forecast, by installation, transmissions are expected to grow at a rapid pace in the coming years, driven by increased investments in power transmission infrastructure worldwide. The transmitters are used to transmit power from the system's source to its substations. Implementing digital fault recorders in the transmission systems can reduce downtime, improve reliability, and help prevent differences in power transmission and end use demand. Digital fault recorders frequently check the current voltage and frequency and record incidents relating to power quality, aiding in finding issues and suggesting fixes. Early warnings of potentially harmful situations are provided by transmission-level DFRs, aiding in the preservation of equipment, which is bolstering the digital fault recorder market value.
Throughout the forecast period, the Asia Pacific is anticipated to be a leading region in the global digital fault recorder market. This is attributed to an increase in spending by governments in the region to upgrade the infrastructure of the power grid in an effort to boost the dependability of electricity systems. Due to the rising demand for power, major countries of the Asia Pacific region, including China, India, and Japan, are making significant investments in the transmission and distribution of electricity. India is one of the key markets for digital fault recorders in the Asia Pacific region because of the country's growing need for power grid infrastructure. The demand for power grid infrastructure and renewable energy sources is also boosting the Asia Pacific digital fault recorder market growth.
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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Digital Fault Recorder Market Analysis
8.1 Key Industry Highlights
8.2 Global Digital Fault Recorder Historical Market (2018-2023)
8.3 Global Digital Fault Recorder Market Forecast (2024-2032)
8.4 Global Digital Fault Recorder Market by Type
8.4.1 Dedicated
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Multifunctional
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Digital Fault Recorder Market by Installation
8.5.1 Transmission
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Generation
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Distribution
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Digital Fault Recorder Market by Station
8.6.1 Automated
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Non-Automated
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Digital Fault Recorder Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Digital Fault Recorder Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Digital Fault Recorder Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Digital Fault Recorder Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 South Korea
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Australia
11.6.1 Historical Trend (2018-2023)
11.6.2 Forecast Trend (2024-2032)
11.7 Others
12 Latin America Digital Fault Recorder Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Digital Fault Recorder Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 GE Grid Solutions
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Siemens
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 AMETEK Power Instruments.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Qualitrol Company LLC
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 ERLPhase Power Technologies Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 DUCATI Energia Spa
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Elspec Ltd.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Kinkei System Corporation
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Mehta Tech, Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Digital Fault Recorder Market: Key Industry Highlights, 2018 and 2032
2. Global Digital Fault Recorder Historical Market: Breakup by Voltage (USD Million), 2018-2023
3. Global Digital Fault Recorder Market Forecast: Breakup by Voltage (USD Million), 2024-2032
4. Global Digital Fault Recorder Historical Market: Breakup by Installation (USD Million), 2018-2023
5. Global Digital Fault Recorder Market Forecast: Breakup by Installation (USD Million), 2024-2032
6. Global Digital Fault Recorder Historical Market: Breakup by Station (USD Million), 2018-2023
7. Global Digital Fault Recorder Market Forecast: Breakup by Station (USD Million), 2024-2032
8. Global Digital Fault Recorder Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Digital Fault Recorder Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Digital Fault Recorder Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Digital Fault Recorder Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Digital Fault Recorder Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Digital Fault Recorder Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Digital Fault Recorder Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Digital Fault Recorder Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Digital Fault Recorder Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Digital Fault Recorder Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Digital Fault Recorder Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Digital Fault Recorder Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Digital Fault Recorder Market Structure
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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