Report forecast the global insulation
monitoring devices market to grow at a CAGR of 4.82% during the period
2017-2021.
An insulation monitoring device
continuously monitors the insulation resistance of an unearthed power system
between an active phase conductor and earth. Whenever the insulation resistance
in the system falls below a threshold limit, the device triggers an alarm. This
device is widely used in unearthed systems where a continuous power supply is
indispensable to avoid risking human life, such as in mines, hospitals,
railways, and airports.
The report covers the present scenario and
the growth prospects of the global insulation monitoring devices market for
2017-2021. The report presents a detailed picture of the market by way of
study, synthesis, and summation of data from multiple sources.
The
market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, one driver in the market
is growth of renewable energy in power generation mix. Decrease in cost of
generation of renewables, awareness toward climate change, and shift toward
decarbonization has increased the demand for renewable sources of energy.
European countries have already shifted their focus toward renewables, and now
Asia has also increased investments in the renewable sector. Solar and wind
power dominate power generation portfolio for renewables. Both solar and wind
power are subjected to a high variance of insulation resistance due to changes
in solar radiation and wind flow.
Further, the report states that one
challenge in the market is slow growth in the mining industry. Global
investments in mining have decreased owing to awareness about the environment
and shift toward clean fuels. Countries are increasingly adopting gas-based
fuels in place of coal. The majority of European nations have already decreased
the share of coal in energy basket and aim to be 100% renewable by 2020. High
pollution level has forced the US to increase renewables in the energy basket.
The mining industry is one of the major contributors to the global insulation
monitoring device market.
Global
Insulation Monitoring Devices Market 2017-2021, has
been prepared based on an in-depth market analysis with inputs from industry
experts. The report covers the market landscape and its growth prospects over
the coming years. The report also includes a discussion of the key vendors
operating in this market.
key players in the global insulation
monitoring devices market: ABB, Eaton, Littelfuse, Mitsubishi Electric, and
Schneider Electric.
Other Prominent Vendors in the market are:
Bender GmbH & Co. KG, Cirprotec, E. Dold & Söhne KG, Hakel, Martens
(GHM Messtechnik GmbH), Megacon, Ppo elektroniikka, Siemens, MUUNTOSÄHKÖ OY –
TRAFOX, and Viper innovations.
Market
driver
- Growth of renewable energy in power generation mix
- For a full, detailed list, view our report
Market
challenge
- Slow growth in the mining industry
- For a full, detailed list, view our report
Market
trend
- Increase in use of low voltage DC power systems
- For a full, detailed list, view our report
Key
questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
Spanning over 73 pages “Global
Insulation Monitoring Devices Market 2017 - 2021” report covers Executive
summary, Introduction, Scope of the report, Research Methodology, Market
landscape, Market segmentation by end-user, Geographical segmentation, Decision
framework, Drivers and challenges, Market trends, Vendor landscape, Key vendor
analysis, Appendix.
Please visit this link for more details: http://mrr.cm/US5
For related reports please visit: Monitoring Device Market Research Reports
Find all Computing
and Electronics Reports at: https://www.marketresearchreports.com/computing-electronics
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