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Global Residual Current Monitoring System Market 2018-2022

Global Residual Current Monitoring System Market 2018-2022

About Residual Current Monitoring System

Residual current monitoring systems are used for measuring and monitoring residual current. These systems can be used independently or in conjunction with a residual current device.

Technavio’s analysts forecast the global residual current monitoring system market to grow at a CAGR of 4.72% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global residual current monitoring system market for 2018-2022. To calculate the market size, 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 Residual Current Monitoring System Market 2018-2022, 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
  • Bender
  • Janitza electronics
  • PHOENIX CONTACT
  • Schneider Electric
  • Siemens
Market driver
  • Growing demand for renewable power source
  • For a full, detailed list, view our report
Market challenge
  • Lack of growth in mining industry and reduced coal mining activities
  • For a full, detailed list, view our report
Market trend
  • Need for current monitoring in renewable energy sources
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 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 Residual Current Monitoring System Market 2018-2022

Technavio recognizes the following companies as the key players in the global residual current monitoring system market: ABB, Bender, Janitza electronics, PHOENIX CONTACT, Schneider Electric, and Siemens.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is need for current monitoring in renewable energy sources. Renewables have been steadily increasing their share of energy mix owing to the decreased cost of harnessing renewable energy, favorable government regulations, and a general shift toward clean power generation sources.”

According to the report, one driver in the market is growing demand for renewable power source. The demand for power is on the rise with growing industrialization and urbanization. In regions such as North America and Europe, growing focus on digitization has resulted in widespread use of equipment, which relies heavily on power.

Further, the report states that one challenge in the market is lack of growth in mining industry and reduced coal mining activities. In 2015, the mining industry witnessed a slowdown globally, which continue in 2016 and 2017. Investments by leading mining companies reduced drastically in 2017 with little capital available to companies for investments.

Companies Mentioned

ABB, Bender, Janitza electronics, PHOENIX CONTACT, Schneider Electric, and Siemens.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Related market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global residual current monitoring system market - Market size and forecast 2017-2022 ($ mn)
      • Table Global residual current monitoring system market - Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by product
    • Market segmentation by product type
  • Market segmentation by end-user
    • Segmentation by end-user
      • Table End-user - Market share 2017-2022 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Power - Market size and forecast 2017-2022
      • Table Power - Market size and forecast 2017-2022 ($ mn)
      • Table Power - Year-over-year growth 2018-2022 (%)
    • Automotive - Market size and forecast 2017-2022
      • Table Automotive - Market size and forecast 2017-2022 ($ mn)
      • Table Automotive - Year-over-year growth 2018-2022 (%)
    • Metals and mining - Market size and forecast 2017-2022
      • Table Metals and mining - Market size and forecast 2017-2022 ($ mn)
      • Table Metals and mining - Year-over-year growth 2018-2022 (%)
    • Others - Market size and forecast 2017-2022
      • Table Others - Market size and forecast 2017-2022 ($ mn)
      • Table Others - Year-over-year growth 2018-2022 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Regional landscape
    • Geographical segmentation
      • Table Global residual current monitoring system - Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • Americas - Market size and forecast 2017-2022
      • Table Americas - Market size and forecast 2017-2022 ($ mn)
      • Table Americas - Year-over-year growth 2018-2022 (%)
      • Table Top three countries in Americas
    • EMEA - Market size and forecast 2017-2022
      • Table EMEA - Market size and forecast 2017-2022 ($ mn)
      • Table EMEA - Year-over-year growth 2018-2022 (%)
      • Table Top three countries in EMEA
    • APAC - Market size and forecast 2017-2022
      • Table APAC - Market size and forecast 2017-2022 ($ mn )
      • Table APAC - Year-over-year growth 2018-2022 (%)
      • Table Top three countries in APAC
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • 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
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive landscape
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • ABB
      • Table ABB overview
      • Table ABB - Business segments
      • Table ABB - Organizational developments
      • Table ABB - Geographic focus
      • Table ABB - Segment focus
      • Table ABB - Key offerings
    • Bender
      • Table Bender overview
      • Table Bender - Solution offering
      • Table Bender - Organizational developments
      • Table Bender - Geographic focus
      • Table Bender - Key offerings
    • Janitza electronics
      • Table Janitza electronics overview
      • Table Janitza electronics - Product and solution offering
      • Table Janitza electronics - Organizational developments
      • Table Janitza electronics - Geographic focus
      • Table Janitza electronics - Key offerings
    • PHOENIX CONTACT
      • Table PHOENIX CONTACT overview
      • Table PHOENIX CONTACT - Business segments
      • Table PHOENIX CONTACT - Organizational developments
      • Table PHOENIX CONTACT - Geographic focus
      • Table PHOENIX CONTACT - Key offfering
    • Schneider Electric
      • Table Schneider Electric overview
      • Table Schneider Electric - Business segments
      • Table Schneider Electric - Organizational developments
      • Table Schneider Electric - Geographic focus
      • Table Schneider Electric - Segment focus
      • Table Schneider Electric- Key offerings
    • Siemens
      • Table Siemens overview
      • Table Siemens - Business segments
      • Table Siemens - Organizational developments
      • Table Siemens - Geographic focus
      • Table Siemens - Segment focus
      • Table Siemens - Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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