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Global Insulation Monitoring Devices Market 2017-2021

  • Published: Sep 2017
  • Pages: 73
  • SKU: IRTNTR15096
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Technavio’s latest market research report on the global insulation monitoring devices market offers an up-to-date analysis of the market concerning the current market scenario, latest trends and drivers, and the overall global environment. A comprehensive analysis of this market is also presented by end-user (power utilities, healthcare, transportation, mining, and others) and geography (the Americas, APAC, and EMEA). This industry research report identifies ABB, Eaton, Littelfuse, Mitsubishi Electric, and Schneider Electric as the key vendors in the global insulation monitoring devices market.

Key findings from the insulation monitoring devices market analysis  

 

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Overview of the global insulation monitoring devices market

Technavio’s global insulation monitoring devices market analysis identifies that the increase in demand for renewable energies will be one of the major factors that will have a positive impact on the growth of the market. The market research analysts at Technavio predict that this market will grow at a CAGR of nearly 5% by 2021. The low costs involved with the generation of renewable energy, the rising awareness towards climate change, and the shift towards decarbonization has increased the preference towards renewable sources of energy. European countries are increasingly shifting their focus towards renewable energy and the Asian countries are also making huge investments in the renewable sector. Moreover, the power generation sector is largely dominated by solar and wind energies and also experiences high changes of insulation resistance due to changes in solar radiation and wind flow. This makes it extremely important to keep a track of the insulation level as they are subjected to vary from few kilo-ohms to 100 kilo-ohm. This, in turn, increases the insulation resistance monitoring devices demand for offering the security of supply, better reliability, and efficiency of the system fueling the growth of the insulation monitoring devices market.

The incorporation of new features in insulation monitoring devices is one of the latest insulation monitoring devices market trends that will gain traction in the market. Vendors are including innovative features in insulation monitoring devices for the better convenience of customers. For instance, one of the vendors, Bender introduced insulation monitoring devices with a high-resolution display that indicates changes in insulation values over a graph. This helps in approximating an insulation value that helps in timely action. These new features equipped by vendors for enhancing the design features, measuring techniques, and increasing the reliability will result in the demand for insulation monitoring devices.

Competitive landscape and key vendors  

The insulation monitoring devices manufacturers are offering the addition of innovative features in insulation monitoring devices such as LEDs, high-resolution display panels, and push in terminals for easy installation. Additionally, these vendors are also providing new insulation monitoring devices in sectors such as solar power generation and electric vehicles. The level of competition in the insulation monitors market has intensified due to the entry of small players.

The leading vendors in the market are –

  • ABB
  • Eaton
  • Littelfuse
  • Mitsubishi Electric
  • Schneider Electric

The 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.

 

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Segmentation by end-user and analysis of the insulation monitoring devices market

  • Power utilities
  • Healthcare
  • Transportation
  • Mining

During 2016, the power utilities segment accounted for the highest insulation monitoring devices market share. Factors such as the rise in the adoption of renewable sources of energy such as solar and wind power and the rising investments in renewable energy will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the insulation monitoring devices market

  • Americas
  • APAC
  • EMEA

This insulation monitoring devices market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the insulation monitors market throughout the forecast period. The increasing adoption of insulation monitoring devices in healthcare, transportation, and data centers and the rising popularity of electric and autonomous vehicles, will drive the growth of the insulation monitoring devices market in this region.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global insulation monitoring devices market?
  • What are the key market trends impacting the growth of the global insulation monitoring devices market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global insulation monitoring devices market?
  • What are the market opportunities and threats faced by the vendors in the global insulation monitoring devices market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global insulation monitoring devices market?


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PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

  • Market outline

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation by end-user

  • Market overview
  • Global insulation monitoring device market for power utilities industry
  • Global insulation monitoring device market for healthcare industry
  • Global insulation monitoring device market for transportation industry
  • Global insulation monitoring device market for mining industry
  • Global insulation monitoring device market for others industry

PART 07: Geographical segmentation

  • Market Overview
  • Insulation monitoring device market in Americas
  • Insulation monitoring device market in EMEA
  • Insulation monitoring device market in APAC

PART 08: Decision framework

PART 09: Drivers and challenges

  • Market drivers
  • Market challenges

PART 10: Market trends

  • Incorporation of new features in insulation monitoring devices by vendors
  • Increase in use of low voltage DC power systems
  • Use of smart cables for fault location

PART 11: Vendor landscape

  • Competitive landscape
  • Other prominent vendors

PART 12: Key vendor analysis

  • ABB
  • Eaton
  • Littelfuse
  • Mitsubishi Electric
  • Schneider Electric

PART 13: Appendix

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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