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Global Insulation Monitoring Devices Market 2017-2021

Global Insulation Monitoring Devices Market 2017-2021

About Insulation Monitoring Devices

An insulation monitoring device continuously monitors the insulation resistance of an unearthed power system between an active phase conductor and earth. Whenever the insulation resistance in the system falls below a threshold limit, the device triggers an alarm. This device is widely used in unearthed systems where a continuous power supply is indispensable to avoid risking human life, such as in mines, hospitals, railways, and airports.

Technavio’s analysts forecast the global insulation monitoring devices market to grow at a CAGR of 4.82% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global insulation monitoring devices market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Insulation Monitoring Devices Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ABB
  • Eaton
  • Littelfuse
  • Mitsubishi Electric
  • Schneider Electric
Other prominent vendors
  • Bender GmbH & Co. KG
  • Cirprotec
  • E. Dold & Söhne KG
  • Hakel
  • Martens (GHM Messtechnik GmbH)
  • Megacon
  • Ppo elektroniikka
  • Siemens
  • MUUNTOSÄHKÖ OY - TRAFOX
  • Viper innovations
Market driver
  • Growth of renewable energy in power generation mix
  • For a full, detailed list, view our report
Market challenge
  • Slow growth in the mining industry
  • For a full, detailed list, view our report
Market trend
  • Increase in use of low voltage DC power systems
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Insulation Monitoring Devices Market 2017-2021

Technavio recognizes the following companies as the key players in the global insulation monitoring devices market: ABB, Eaton, Littelfuse, Mitsubishi Electric, and Schneider Electric.

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.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increase in use of low voltage DC power systems. A significant increase in DC power systems has led to an increment in devices that run on DC systems such as solar microgrids, electric vehicles, LED devices, storage batteries, and data centers. Besides providing high reliability and efficiency, DC power systems have gained prominence due to their natural interface with renewables. Solar photovoltaic modules and wind mills generate DC power that must be converted into AC power for use.”

According to the report, one driver in the market is growth of renewable energy in power generation mix. Decrease in cost of generation of renewables, awareness toward climate change, and shift toward decarbonization has increased the demand for renewable sources of energy. European countries have already shifted their focus toward renewables, and now Asia has also increased investments in the renewable sector. Solar and wind power dominate power generation portfolio for renewables. Both solar and wind power are subjected to a high variance of insulation resistance due to changes in solar radiation and wind flow.

Further, the report states that one challenge in the market is slow growth in the mining industry. Global investments in mining have decreased owing to awareness about the environment and shift toward clean fuels. Countries are increasingly adopting gas-based fuels in place of coal. The majority of European nations have already decreased the share of coal in energy basket and aim to be 100% renewable by 2020. High pollution level has forced the US to increase renewables in the energy basket. The mining industry is one of the major contributors to the global insulation monitoring device market.

Companies Mentioned

ABB, Eaton, Littelfuse, Mitsubishi Electric, and Schneider Electric, Bender GmbH & Co. KG, Cirprotec, E. Dold & Söhne KG, Hakel, Martens (GHM Messtechnik GmbH), Megacon, Ppo elektroniikka, Siemens, MUUNTOSÄHKÖ OY – TRAFOX, and Viper innovations.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Advantages of insulation monitoring device in unearthed systems
  • Market landscape
    • Market overview
      • Table Segmentation of global insulation monitoring device market
    • Market size and forecast
      • Table Global insulation monitoring device market ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Market overview
      • Table Global insulation monitoring device market by end-user 2016 and 2021 (%)
    • Global insulation monitoring device market for power utilities industry
      • Table Global insulation monitoring device market for power utilities industry 2016-2021 ($millions)
      • Table Drivers for global insulation monitoring device market for power utilities industry
    • Global insulation monitoring device market for healthcare industry
      • Table Global insulation monitoring device market for healthcare industry 2016-2021 ($millions)
      • Table Drivers for global insulation monitoring device market for healthcare industry
    • Global insulation monitoring device market for transportation industry
      • Table Global insulation monitoring device market for transportation industry 2016-2021 ($millions)
      • Table Drivers and challenges for global insulation monitoring device market fortransportation industry
    • Global insulation monitoring device market for mining industry
      • Table Global insulation monitoring device market for mining industry 2016-2021 ($millions)
      • Table Drivers for global insulation monitoring device market for mining industry
    • Global insulation monitoring device market for others industry
      • Table Global insulation monitoring device market for others industry 2016-2021 ($millions)
      • Table Drivers and challenges for global insulation monitoring device market for othersindustry
  • Geographical segmentation
    • Market Overview
      • Table Global insulation monitoring device market by geography 2016 and 2021 (%)
    • Insulation monitoring device market in Americas
      • Table Insulation monitoring device market in Americas 2016-2021 ($ millions)
    • Insulation monitoring device market in EMEA
      • Table Insulation monitoring device market in EMEA 2016-2021 ($ millions)
    • Insulation monitoring device market in APAC
      • Table Insulation monitoring device market in APAC 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Impact of drivers on end-users and geography
    • Market challenges
      • Table Impact of challenges on end-users and geography
  • 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
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
      • Table List of prominent vendors
  • Key vendor analysis
    • ABB
      • Table Product analysis
      • Table Recent developments: ABB
    • Eaton
      • Table Product analysis
      • Table Recent developments: Eaton
    • Littelfuse
      • Table Product analysis
      • Table Recent developments: Littelfuse
    • Mitsubishi Electric
      • Table Product analysis
      • Table Recent developments: Mitsubishi Electric
    • Schneider Electric
      • Table Product analysis
      • Table Recent developments: Schneider Electric
  • Appendix
    • List of abbreviations
  • Explore Technavio

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