Global Insulation Monitoring Devices Market Analysis 2019

Global Insulation Monitoring Devices Market Analysis 2019

The Global Insulation Monitoring Devices market is expected to reach $979.93 million by 2026 growing at a CAGR of 7.1% during the forecast period 2018-2026. The insulation monitoring devices are the electrical equipment that helps in monitoring the ungrounded systems between active phase conductor and earth. The device helps to disconnect or provide an alert the power while the resistance drops below the set value. The market is growing at great pace as it prevents data loss due to the fluctuations in power supply and also due to the increasing demand from renewable energy power plants. However, the requiremt of huge initial investments are restraining the market. The increased adoption of the devices in healthcare and data centers provides ample opportunities for the market.

Based on the end user, the frequency of explosions leading to the deaths of a large number of workers was high. However, the use of protective equipment has significantly reduced the risks for miners. The capability of detecting explosive gases still remains a key parameter to monitor the safety of miners. Hence, implementing the insulation monitoring devices to detect insulation faults can significantly reduce mining fatalities.

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

Designs Covered:
• Mounting Support
• Auxiliary Connection Terminal
• Mounting Position

End Users Covered:
• Transportation Industry
• Healthcare Industry
• Mining Industry
• Manufacturing and Production Industry

Regions Covered:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Key Questions Answered in this Report:
• How this market evolved since the year 2016
• Market size estimations, forecasts and CAGR for all the segments presented in the scope
• Key Market Developments and financials of the key players
• Opportunity Analysis for the new entrants
• SWOT Analysis of the key players
• Fastest growing markets analysed during the forecast period