Insulation Monitoring Devices Market

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Study Objectives
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Interviews With Experts
                    2.1.2.2 Breakdown of Primaries
                    2.1.2.3 Key Data From Primary Sources
           2.1.3 Secondary and Primary Research
                    2.1.3.1 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Capturing Market Size By Bottom-Up Analysis (Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing Market Size By Top-Down Analysis (Supply Side)
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 34)
    4.1 Market, 2018¨C2023 (USD Million)
    4.2 Market in APAC
    4.3 Developed vs Developing Markets for Insulation Monitoring Devices, 2018 and 2023 (USD Million)
    4.4 Geographic Analysis: Market
    4.5 Market, By Application (USD Million)

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Dynamics: Market
           5.2.1 Drivers
                    5.2.1.1 Prevention of Data Loss Due to Power Supply Fluctuations
                    5.2.1.2 Necessity of Electricals in It Systems
                    5.2.1.3 Increased Demand for Insulation Monitoring Devices From Renewable Energy Power Plants
           5.2.2 Restraints
                    5.2.2.1 High Initial Investment Requirements
           5.2.3 Opportunities
                    5.2.3.1 Increased Use of Insulation Monitoring Devices in Data Centers
                    5.2.3.2 Increasing Adoption of Insulation Monitoring Devices in Healthcare Sector
                    5.2.3.3 High Growth of Industry 4.0
           5.2.4 Challenges
                    5.2.4.1 Overcoming the Deployment of Large It Systems
                    5.2.4.2 Lack of Skills and Expertise
    5.3 Value Chain Analysis

6 Insulation Monitoring Devices Market, By Response Time (Page No. - 41)
    6.1 Introduction
    6.2 Mounting/Installation Types of Insulation Monitoring Devices
           6.2.1 Din Rail
           6.2.2 Screw Mounting
           6.2.3 Panel Mounting
    6.3 Response Time
           6.3.1 =4 Second
           6.3.2 <7 Second
           6.3.3 >7 Second

7 Insulation Monitoring Devices Market, By Application (Page No. - 45)
    7.1 Introduction
    7.2 Power Utilities
           7.2.1 Growth in Renewable Generation and Distributed Resources is Major Driver for Implementation of Insulation Monitoring Devices in Power Utilities.
    7.3 Manufacturing and Production
           7.3.1 Avoiding Downtime Due to Insulation Faults is Major Driver for Growth of Insulation Monitoring Devices in Manufacturing and Production
    7.4 Healthcare
           7.4.1 Use of Insulation Monitoring Devices in ICU and Operation Theatre are Major Growth Opportunities
    7.5 Mining
           7.5.1 Utmost Care Required in Mining Process is Key Factor for Growth of Insulation Monitoring Devices
    7.6 Transportation
           7.6.1 Increased Use of Insulation Monitoring in Electric Vehicles, Airways, Railways, Marine, and Autonomous Vehicles Likely to Drive Market Growth for Transportation Application

8 Geographic Analysis of Market (Page No. - 60)
    8.1 Introduction
    8.2 North America
           8.2.1 US
                    8.2.1.1 Strong Presence of Mining and Power Utilities Industry in US Likely to Drive Market
           8.2.2 Canada and Mexico
                    8.2.2.1 Increasing Investment in Cutting-Edge Technologies Expected to Fuel Growth of Insulation Monitoring Devices in Canada and Mexico
    8.3 Europe
           8.3.1 Germany
                    8.3.1.1 Continued Innovation and High Adoption in Power Utilities and Manufacturing & Production Expected to Drive Market in Germany
           8.3.2 France
                    8.3.2.1 Focus on R&D to Develop Technological Capabilities Would Propel market Growth in France
           8.3.3 UK
                    8.3.3.1 Continuous Focus on Digitalization and Enhancing Automation Likely to Drive Growth of Market in UK
           8.3.4 Rest of Europe
                    8.3.4.1 Spain, Italy, Poland, Finland, Sweden, Belgium, the Netherlands, Switzerland, and Austria are Major Contributors to market in Rest of Europe
    8.4 APAC
           8.4.1 China
                    8.4.1.1 High Investment in Power Utilities Likely to Drive Growth of market in China
           8.4.2 Japan
                    8.4.2.1 High Growth of Healthcare Sector in Japan to Fuel Growth of market
           8.4.3 South Korea
                    8.4.3.1 Digital Revolution in Industrial Manufacturing Sector in South Korea Would Encourage Adoption of Insulation Monitoring Devices
           8.4.4 Rest of APAC
                    8.4.4.1 Countries Such as India, Singapore, Taiwan, and Australia to Drive Growth of Market in Rest of APAC
    8.5 RoW
           8.5.1 Middle East and Africa
                    8.5.1.1 Oil & Gas and Mining to Fuel Growth of Insulation Monitoring Devices in Middle East and Africa
           8.5.2 South America
                    8.5.2.1 Increased Demand in Advanced Manufacturing and Healthcare to Boost Growth of Insulation Monitoring Devices in South America

9 Competitive Landscape (Page No. - 80)
    9.1 Introduction
    9.2 Ranking of Market Players, 2017
           9.2.1 Product Launch
           9.2.2 Acquisition
           9.2.3 Expansion and Recognition
           9.2.4 Contract

10 Company Profiles (Page No. - 83)
     10.1 Introduction
     10.2 Key Players
(Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis)*
             10.2.1 Schneider Electric
             10.2.2 ABB
             10.2.3 Eaton
             10.2.4 Littelfuse
             10.2.5 Bender
             10.2.6 Mitsubishi Electric
             10.2.7 Siemens
             10.2.8 Viper Innovations
             10.2.9 Cirprotec
             10.2.10 E. Dold & Sohne
     10.3 Other Important Players
             10.3.1 Hakel
             10.3.2 Martens (GHM Group)
             10.3.3 Muuntosahko Oy
             10.3.4 Ppo-Elektroniikka OY
             10.3.5 Megacon
             10.3.6 Wei Dian Union(Hubei) Technology Co.,Ltd
             10.3.7 Deif A/S
             10.3.8 Renesas Electronics
             10.3.9 Captech
             10.3.10 Lemvigh-Muller

*Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.

11 Appendix (Page No. - 107)
     11.1 Insights of Industry Experts
     11.2 Discussion Guide
     11.3 Knowledge Store: Marketsandmarkets¡¯ Subscription Portal
     11.4 Available Customizations
     11.5 Related Reports
     11.6 Author Details

List of Tables (52 Tables)

Table 1 Insulation Monitoring Devices Market, By Response Time, 2015¨C2023 (USD Million)
Table 2 Market, By Application, 2015¨C2023 (USD Million)
Table 3 Market for Power Utilities, By Region, 2015¨C2023 (USD Million)
Table 4 Market for Power Utilities in North America, By Country, 2015¨C2023 (USD Million)
Table 5 Market for Power Utilities in Europe, By Country, 2015¨C2023 (USD Million)
Table 6 Market for Power Utilities in APAC, By Country, 2015¨C2023 (USD Million)
Table 7 Market for Power Utilities in RoW, By Region, 2015¨C2023 (USD Million)
Table 8 Market for Manufacturing and Production, By Region, 2015¨C2023 (USD Million)
Table 9 Market for Manufacturing and Production in North America, By Country, 2015¨C2023 (USD Million)
Table 10 Market for Manufacturing and Production in Europe, By Country, 2015¨C2023 (USD Million)
Table 11 Market for Manufacturing and Production in APAC, By Country, 2015¨C2023 (USD Million)
Table 12 Market for Manufacturing and Production in RoW, By Region, 2015¨C2023 (USD Million)
Table 13 Market for Healthcare, By Region, 2015¨C2023 (USD Million)
Table 14 Market for Healthcare in North America, By Country, 2015¨C2023 (USD Million)
Table 15 Market for Healthcare in Europe, By Country, 2015¨C2023 (USD Million)
Table 16 Market for Healthcare in APAC, By Country, 2015¨C2023 (USD Million)
Table 17 Market for Healthcare in RoW, By Region, 2015¨C2023 (USD Million)
Table 18 Market for Mining, By Region, 2015¨C2023 (USD Million)
Table 19 Market for Mining in North America, By Country, 2015¨C2023 (USD Million)
Table 20 Market for Mining in Europe, By Country, 2015¨C2023 (USD Million)
Table 21 Market for Mining in APAC, By Country, 2015¨C2023 (USD Million)
Table 22 Market for Mining in RoW, By Region, 2015¨C2023 (USD Million)
Table 23 Market for Transportation, By Region, 2015¨C2023 (USD Million)
Table 24 Market for Transportation in North America, By Country, 2015¨C2023 (USD Million)
Table 25 Market for Transportation in Europe, By Country, 2015¨C2023 (USD Million)
Table 26 Market for Transportation in APAC, By Country, 2015¨C2023 (USD Million)
Table 27 Market for Transportation in RoW, By Region, 2015¨C2023 (USD Million)
Table 28 Market, By Region, 2015¨C2023 (USD Million)
Table 29 Market in North America, By Application, 2015¨C2023 (USD Million)
Table 30 Market in North America, By Country, 2015¨C2023 (USD Million)
Table 31 Market in US, By Application, 2015¨C2023 (USD Million)
Table 32 Market in Canada and Mexico, By Application, 2015¨C2023 (USD Million)
Table 33 Market in Europe, By Application, 2015¨C2023 (USD Million)
Table 34 Market in Europe, By Country, 2015¨C2023 (USD Million)
Table 35 Market in Germany, By Application, 2015¨C2023 (USD Million)
Table 36 Market in France, By Application, 2015¨C2023 (USD Million)
Table 37 Market in UK, By Application, 2015¨C2023 (USD Million)
Table 38 Market in Rest of Europe, By Application, 2015¨C2023 (USD Million)
Table 39 Market in APAC, By Application, 2015¨C2023 (USD Million)
Table 40 Market in APAC, By Country, 2015¨C2023 (USD Million)
Table 41 Market in China, By Application, 2015¨C2023 (USD Million)
Table 42 Market in Japan, By Application, 2015¨C2023 (USD Million)
Table 43 Market in South Korea, By Application, 2015¨C2023 (USD Million)
Table 44 Market in Rest of APAC, By Application, 2015¨C2023 (USD Million)
Table 45 Market in RoW, By Application, 2015¨C2023 (USD Million)
Table 46 Market in RoW, By Region, 2015¨C2023 (USD Million)
Table 47 Market in Middle East and Africa, By Application, 2015¨C2023 (USD Million)
Table 48 Market in South America, By Application, 2015¨C2023 (USD Million)
Table 49 Product Launch: Market, 2016
Table 50 Acquisition Market, 2016
Table 51 Expansion and Recognition: Market, 2015¨C2018
Table 52 Contract: Insulation Monitoring Devices Market, 2017

List of Figures (33 Figures)

Figure 1 Insulation Monitoring Devices Market Segmentation
Figure 2 Market: Research Design
Figure 3 Bottom-Up Approach to Arrive at Market Size
Figure 4 Top-Down Approach to Arrive at Market Size
Figure 5 Data Triangulation Methodology
Figure 6 Assumptions of Research Study
Figure 7 Market, 2015¨C2023 (USD Million)
Figure 8 Market, By Response Time, 2018 vs 2023
Figure 9 Market for Power Utilities to Witness Highest Growth During 2018¨C2023
Figure 10 Europe to Hold Largest Share of market By 2018
Figure 11 Europe Held Largest Size of market for Power Utilities in 2017
Figure 12 Power Utilities and Manufacturing & Production to Provide Attractive Opportunities for market
Figure 13 China to Hold Largest Share of market in APAC By 2023
Figure 14 China to Lead Market By 2023
Figure 15 Market in China to Grow at Highest CAGR From 2018 to 2023
Figure 16 Power Utilities to Hold Largest Size of market During Forecast Period
Figure 17 Necessity of Electricals in It Systems Drives Market
Figure 18 Value Chain Analysis (2017): Major Value Added During Research & Product Development and Manufacturing Stages
Figure 19 =4 S Response Time to Hold Largest Size of market During Forecast Period
Figure 20 Power Utilities to Lead market During Forecast Period
Figure 21 Fatalities in US Coal Mines
Figure 22 Geographic Snapshot: Market in APAC to Witness Highest Growth During Forecast Period
Figure 23 China to Hold Largest Size of market By 2023
Figure 24 North America: Market Snapshot
Figure 25 Europe: Snapshot of Market
Figure 26 APAC: Snapshot of Market
Figure 27 Ranking of Top 5 Players in market, 2017
Figure 28 Schneider Electric: Company Snapshot
Figure 29 ABB: Company Snapshot
Figure 30 Eaton: Company Snapshot
Figure 31 Littelfuse: Company Snapshot
Figure 32 Mitsubishi Electric: Company Snapshot
Figure 33 Siemens: Company Snapshot

The study involved 4 major activities in estimating the current size of the insulation monitoring devices market. Exhaustive secondary research has been conducted to collect information about the market, the peer market, and the parent market. Validating findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both, top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments.

Secondary Research

The research methodology used to estimate and forecast the market begins with capturing data on revenues of the key vendors in the market through secondary research. This study involves the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for the technical and commercial study of the market. Vendor offerings have also been considered to determine the market segmentation. This entire research methodology includes the study of annual and financial reports of top players, presentations, press releases, journals, paid databases, trade directories, regulatory bodies, and safety standard organizations.

Primary Research

The insulation monitoring devices market comprises several stakeholders, such as suppliers, system integrators, suppliers of standard components, and original equipment manufacturers (OEMs) in the supply chain. The demand side of this market is characterized by the development of power utilities, manufacturing and production, healthcare, mining, and transportation applications. The supply side is characterized by advancements in types of insulation monitoring devices and its applications. Various primary sources from the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents.

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both, top-down and bottom-up approaches have been used to estimate and validate the overall size of the market. These methods have also been used extensively to estimate the size of various market subsegments. The research methodology used to estimate the market size includes the following:

• Key players in major applications and markets have been identified through extensive secondary research.
• The industry¡¯s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
• All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size using the estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data have been triangulated by studying various factors and trends from both demand and supply sides in the power utilities, manufacturing and production, healthcare, mining, and transportation applications.

Report Objectives

• To define, describe, and forecast the insulation monitoring devices market, in terms of value, on the basis of response time, application and geography
• To forecast the size of the market for various segments with regard to 4 main regions: North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
• To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
• To strategically analyze the micromarkets with regard to individual growth trends, prospects, and contributions to the total market
• To analyze the opportunities in the market for stakeholders by identifying high-growth segments in the market
• To analyze growth strategies such as acquisition, contract, expansion, and recognition of the key players in the market
• To strategically profile key players, comprehensively analyze their core competencies, and describe the competitive landscape of the market

Scope of the Report:

This report categorizes the insulation monitoring devices market based on response time, application, and region.

Market, by Response Time:

• <4 Second
• <7 Second
• >7 Second

Market, by Application:

• Power Utilities
• Manufacturing and Production
• Mining
• Healthcare
• Transportation

Market, by Region:

• North America
  • US
  • Canada & Mexico
• Europe
  • Germany
  • France
  • UK
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • Rest of APAC
• RoW
• Middle East & Africa
• South America

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company¡¯s specific needs. The following customization options are available for the report:

Product Analysis

• Product matrix that gives a detailed comparison of the product portfolio of each company

Company Information

• Detailed analysis and profiling of additional market players (up to 5)