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Global Residual Current Monitoring System Market 2018-2022

  • Published: Mar 2018
  • Pages: 116
  • SKU: IRTNTR20522
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The global residual current monitoring system market size will grow by USD 102.38 million during 2018-2022. This report offers an analysis of the market based on product (single channel and multi-channel) and end user (power, automotive, metals and mining, and others). The residual current monitoring system market report further presents an in-depth insight on the growth prospects of the market across the Americas, APAC, and EMEA. The report analyzes the market’s competitive landscape and offers information on several companies including ABB, Bender, Janitza electronics, PHOENIX CONTACT, Schneider Electric, and Siemens.

Below are some of the key findings from the residual current monitoring system market research report

residual current monitoring system market

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Global residual current monitoring system industry overview

The power industry’s adoption of the residual current monitoring system to ensure safety is one of the major factors driving market growth. The growing number of high safety-related regulations is compelling various industries to continuously monitor electrical faults. Any small downtime can result in a high monetary loss and incur high power generation cost, while any power interruption can halt many processes and equipment for industries. Residual current monitoring systems are being adopted to overcome these challenges. Residual current monitoring systems monitor the electrical faults, improve electric safety, and increase fire protection. These advantages are further driving the residual current monitoring system market growth.

The adoption of residual current monitoring system in the electric vehicle (EV) charging stations is one of the key upcoming residual current monitoring system market trends. Several companies are developing compact charging stations with features like LED facility, RFID facility, and GSM communication modules. While these features make EVs easy to use, they make them more prone to risk related to current fluctuations. Subsequently, there is growing adoption of residual current monitoring systems in the charging station. The residual current monitoring system market forecast report predicts that fueled by these factors, the market will grow at a CAGR of almost 5% during the forecast period.

Top residual current monitoring system companies covered in this market research report

The residual current monitoring system market is moderately concentrated with the majority of the market share resting with the key players. As the market continues to grow during the forecast period, several vendors are expected to compete for the market share, making the market fragmented. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this residual current monitoring system industry analysis report is designed to aid clients to identify new growth opportunities and make informed business decisions.

The report offers a complete analysis of various companies including:

  • ABB
  • Bender
  • Janitza electronics
  • PHOENIX CONTACT
  • Schneider Electric
  • Siemens

Residual current monitoring system market segmentation based on geographic regions

  • Americas
  • APAC
  • EMEA

Global residual current monitoring system market analysis reveals that the APAC region will lead the market share until 2022. APAC will also account for the highest market growth throughout the forecast period.

Residual current monitoring system market segmentation based on end users

  • Power
  • Automotive
  • Metals and mining
  • Others

The power segment will lead the residual current monitoring system market share during the forecast period. With the growth in both conventional and renewable power sources, the power segment will also account for the highest residual current monitoring system market growth. Additionally, the report will also provide an accurate prediction of the contribution of the various end-user segments to the growth of the residual current monitoring system market size.

Key highlights of the global residual current monitoring system market for the forecast years 2018-2022:

  • CAGR of the market during the forecast period 2018-2022
  • Detailed information on factors that will accelerate the growth of the residual current monitoring system market during the next five years
  • Precise estimation of the global residual current monitoring system market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • Growth of the residual current monitoring system industry across the Americas, APAC, and EMEA
  • A thorough analysis of the market’s competitive landscape and detailed information on several vendors
  • Comprehensive details on the factors that will challenge the growth of the residual current monitoring system companies

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 05: MARKET SIZING

  • Market definition
  • Market sizing 2017
  • Market size and forecast 2017-2022

PART 06: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY PRODUCT

  • Market segmentation by product type

PART 09: MARKET SEGMENTATION BY END-USER

  • Segmentation by end-user
  • Comparison by end-user
  • Power – Market size and forecast 2017-2022
  • Automotive – Market size and forecast 2017-2022
  • Metals and mining – Market size and forecast 2017-2022
  • Others – Market size and forecast 2017-2022
  • Market opportunity by end-user

PART 10: REGIONAL LANDSCAPE

  • Geographical segmentation
  • Regional comparison
  • Americas – Market size and forecast 2017-2022
  • EMEA – Market size and forecast 2017-2022
  • APAC – Market size and forecast 2017-2022
  • Market opportunity

PART 11: DECISION FRAMEWORK

PART 12: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 13: MARKET TRENDS

  • Growing adoption of residual current monitoring system in electric vehicle charging station
  • Need for current monitoring in renewable energy sources
  • Introduction of remote residual current monitoring systems

PART 14: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive landscape

PART 15: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • ABB
  • Bender
  • Janitza electronics
  • PHOENIX CONTACT
  • Schneider Electric
  • Siemens

PART 16: 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
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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
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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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