Insulation Monitoring Devices Market

Insulation Monitoring Devices Market worth $748 million by 2023

The report "Insulation Monitoring Devices Market by Response Time, Application (Power Utilities, Manufacturing and Production, Mining, Healthcare, Transportation), and Geography (North America, Europe, Asia Pacific, Rest of the World) - Global Forecast to 2023", The insulation monitoring devices market is expected to grow from USD 579 million in 2018 to USD 748 million by 2023, at a CAGR of 5.25% during the forecast period. The major factors driving the market growth include the prevention of data loss due to power supply fluctuations, necessity of electricals in IT systems, and increased demand for insulation monitoring devices from renewable energy power plants.

Browse 52 market data Tables and 33 Figures spread through 113 Pages and in-depth TOC on "Insulation Monitoring Devices Market by Response Time, Application (Power Utilities, Manufacturing and Production, Mining, Healthcare, Transportation), and Geography (North America, Europe, Asia Pacific, Rest of the World) - Global Forecast to 2023"
View detailed Table of Content here -

Insulation monitoring devices with <4 s response times to lead market during forecast period

The response time of the insulation monitoring devices depends on the system leakage capacitance, insulation resistance, and system-related interference disturbances. The measuring accuracy of the insulation monitors is not affected by system leakage capacitances. The companies have enabled their devices to operate with selectable time delays or without any of the time delays. The majority of the applications of insulation monitoring devices require fast response. Hence, there is a high demand for the devices that ensure response value less than 4 s. These devices are mainly useful in applications such as manufacturing and production, mining, and transportation.

Insulation monitoring devices market for transportation to grow rapidly during forecast period

The wide use of insulation monitoring devices in the transportation application is expected to help drive the market growth at the highest CAGR during 2018–2023. The use of insulation monitoring devices will be driven mainly by railways, marine, autonomous vehicles, and electric vehicles. The use of insulation monitoring devices can be of great help in these applications for ensuring smooth operations.

APAC to be fastest-growing region in insulation monitoring devices market during 2018–2023

The adoption of the latest devices and technologies is increasing in the APAC region owing to the presence of a number of manufacturing companies in the region. China, South Korea, and Japan are the leading countries in the insulation monitoring devices in this region. The power utilities in the countries such as China, India, and Japan have shown considerable growth, and China, being the major country in power utility, is expected to witness high growth in the insulation monitoring devices market.

The major insulation monitoring device vendors include ABB (Switzerland), Littelfuse (US), Mitsubishi Electric (Japan), Schneider Electric (France), Bender (Germany), Eaton (Ireland), Siemens (Germany), Viper Innovations (UK), Cirprotec (Spain), and E. Dold & Sohne (Germany). Other important companies in the market include Hakel (Czech Republic), Martens (GHM Group), Muuntosahko Oy (Finland), PPO-Elektroniikka Oy (Finland), Megacon (Norway), Wei Dian Union (Hubei) Technology (China), and DEIF (Denmark).

Don’t miss out on business opportunities in Insulation Monitoring Devices Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Insulation Monitoring Devices Market Size,  Share & Growth Report
Report Code
SE 6793
PR Published ON
Choose License Type
Request Customization
Speak to Analyst
Speak to Analyst
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
  • What are the Known and Unknown Adjacencies Impacting the Insulation Monitoring Devices Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2024 MarketsandMarkets Research Private Ltd. All rights reserved Protection Status

Digital Virtual Assistant - MarketsandMarkets