The global sequence of events recorder market is projected to reach USD 31 million by 2026 from an estimated USD 25 million in 2021, at a CAGR of 4.7% during the forecast period. Growing focus on the effective use of power resources worldwide and increasing emphasis on reducing industrial downtime and the global energy costs are factors driving the growth of the sequence of events recorder market.
The sequence of events recorder market is a niche market. The leading players in the sequence of events recorder market who have a wide regional presence are AMETEK (US), Yokogawa Electric Corporation (Japan), Emerson (US), and Qualitrol Corp. (US).
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The major strategies adopted by these players include contracts & agreements ,new product launches, investments & expansions, mergers & acquisitions, joint ventures, and partnerships & collaborations. Expansions and acquisitions were the two most commonly adopted strategy from January 2018 to Febuary 2021.
AMETEK (US) is a large-scale manufacturer of electronic instruments and electromechanical devices. It has two reportable business segments, namely, Electronic Instruments and Electromechanical. The company offers sequence of events recorders through its Electronic Instruments business segment. Other products offered by this segment include advanced and analytical test and measurement instrumentation, which are used in energy, aerospace, power, research, medical, and industrial applications. AMETEK has business operations in North America, Europe, Asia, and South America. It has manufacturing plants in Brazil, China, the Czech Republic, Malaysia, Mexico, and Serbia. The Electronic Instruments business segment has 93 operational facilities, out of which 59 are situated in the US, 9 in the UK, 8 in Germany, 3 each in Canada and China, 2 each in Denmark, Finland, France, and Switzerland, and 1 each in Argentina, Austria, and Mexico.
Yokogawa Electric Corporation (Japan) is a provider of industrial automation, as well as test and measurement solutions. The company has three business segments, namely, Industrial Automation and Control Business, Test and Measurement Business, and Aviation and Other Business. It provides sequence of events recorders through its Industrial Automation and Control Business segment. Other products offered by Yokogawa Electric Corporation through this segment include flow meters, process analyzers, control systems, programmable controllers, and software, which help in enhancing productivity and minimizing operational costs of companies availing its services. The company has its geographical presence in Japan, Asia, the Middle East and Africa, China, North America, and Europe.
Sequence of Events Recorder Market by Mount type (Rack mounted, Rail mounted), End user (Data Center, Power Generation, Manufacturing, Others (Hospitals, Laboratories, Petrochemicals, and Pharmaceutical industries)), Region- Global Forecast to 2026
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