Digital Fault Recorder (DFR) Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Siemens, GE Grid Solutions, ABB, Wuhan Zhongyuan, Qualitrol, Elspec LTD, Kinken

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 Recorder (DFR) Market Overview

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.

Who are the Major Players in Digital Fault Recorder (DFR) Market?

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.

What are the major Applications, Types and Regions for Digital Fault Recorder (DFR) Market?

By Type, it is segmented into

• Sampling Frequency less than 10kHZ


• 10kHZ to 20kHZ


• Sampling Frequency more than 20kHZ

By Applications, it is segmented into

• Power Generation


• Substations


• Others

Digital Fault Recorder (DFR) Market Regional Analysis

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.

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• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
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• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

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.

What is our Digital Fault Recorder (DFR) Market report scope?

Key Takeaways from this Digital Fault Recorder (DFR) Report

• Evaluate Digital Fault Recorder (DFR) market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end-use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor's performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Digital Fault Recorder (DFR) market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

Frequently Asked Questions

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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