Acknowledging the kind of traction gained by this market, recently published a study report asserts that In 2020, the global Digital Fault Recorder (DFR) market size was US$ 196.5 million and it is expected to reach US$ 274 million by the end of 2027, registering a phenomenal CAGR of 4.9% during the review period (2022 to 2027).
Digital Fault Recorders (DFRs) are used to monitor and record distributed electric power systems by utilizing multiphase waveforms to immediately find faults, failure or interrupting devices, inappropriate tripping as well as to determine optimum tripping delay settings.The high level of industrialization and the related increased demands for reliable power supply systems is some of the key driving factors for the digital fault recorder market. Higher costs of installations of digital fault recorder systems are a major factor deterring the growth of the digital fault recorder market in recent times. Various environmental legislation being put down by the environmental protection agencies across the globe coupled with investments in energy projects is anticipated to provide larger opportunities for the players operating in the digital fault recorder market.
Rising demand for digital substations has become the main driver for the growth of the global digital fault recorder market. Furthermore, government continuous investment in power grid infrastructure in order to maximize the reliability of power infrastructure is likely to drive the digital fault recorder market.Rising demand for digital substations has become the main driver for the growth of the global digital fault recorder market. Furthermore, government continuous investment in power grid infrastructure in order to maximize the reliability of power infrastructure is likely to drive the digital fault recorder market.
Recent Development
06-Nov-2018 :AMETEK Presents Synchrophasor (PMU) in Compliance with Standard - C37.118.1a-2014 for the TR-3000 Fault Recorder - AMETEK Power Instruments, a recognized leader in transient fault and disturbance recorders for electrical utilities, has broadcasted the release of Synchrophasor (PMU) support in compliance with the latest C37.118.1a-2014 Standard - IEEE Standard for Synchrophasor Measurements for Power Systems (including Amendment 1) for the TR-3000 Multi-Function Recorder.
The Digital Fault Recorder (DFR) Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end-users. The three dependencies for the status of major companies in the market are company profile, profitable gross margin, the prices they charge. These are the main players in this market includes Siemens, GE Grid Solutions, ABB Ltd (NYSE :ABB), Wuhan Zhongyuan, Qualitrol, Elspec LTD, Kinken, AMETEK, Inc. (NYSE:AME), NR Electric, Kehui, KoCoS, Shenzhen Shuanghe, ERLPhase Power Technologies, DUCATI energia, APP Engineering, Utility Systems Inc, Mehta Tech and others.
By Type, it is segmented into
By Applications, it is segmented into
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. Likewise, the government and private entities are enormously investing in advanced technology and smart grid to ensure the reliability of electrical supply that will leverage the growth of the digital fault recorder.
Geographically, Asia-Pacific is anticipated to share significant growth in the digital fault recorder market. The growth is accredited to the rising government investment in power grid infrastructure. The Chinese government is projected to invest nearly US $315 billion to improve power grid infrastructure by 2026. They are also planning to invest around USD 27.5 billion towards the development of a transmission network. Increasing investment in China is expected to drive the market for digital fault recorders.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 4.9% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies | Siemens, GE Grid Solutions, ABB Ltd (NYSE :ABB), Wuhan Zhongyuan, Qualitrol, Elspec LTD, Kinken, AMETEK, Inc. (NYSE:AME), NR Electric, Kehui, KoCoS, Shenzhen Shuanghe, ERLPhase Power Technologies, DUCATI energia, APP Engineering, Utility Systems Inc, Mehta Tech and others. |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 119 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Digital Fault Recorder (DFR) Market is studied from 2017 - 2027.
What is the growth rate of Digital Fault Recorder (DFR) Market?
The Digital Fault Recorder (DFR) Market is growing at a CAGR of 4.9% over the next 5 years.
Who are the leading key players in Digital Fault Recorder (DFR) Market?
Siemens, GE Grid Solutions, ABB Ltd (NYSE :ABB), Wuhan Zhongyuan, Qualitrol, Elspec LTD, Kinken, AMETEK, Inc. (NYSE:AME), NR Electric, Kehui, KoCoS, Shenzhen Shuanghe, ERLPhase Power Technologies, DUCATI energia, APP Engineering, Utility Systems Inc, Mehta Tech and others.
What regions regions does this Digital Fault Recorder (DFR) Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Digital Fault Recorder (DFR) Market?
Sampling Frequency less than 10kHZ, 10kHZ to 20kHZ, Sampling Frequency more than 20kHZ
What are the significant Applications of Digital Fault Recorder (DFR) Market?
Power Generation, Substations, Others
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