Insulation Monitoring Devices Market Analysis Showcases Growth Trends and Opportunity until 2027
The global insulation monitoring devices market is expected to reach 5,652.31 thousand units, in terms of volume, by 2027. The market is projected to expand at a CAGR of 5.42% from 2019 to 2027
[EUPRwire, Fri Apr 12 2019] A fresh report has been added to the wide database of Market Research Report Search Engine (MRRSE). The research study is titled “Insulation Monitoring Devices Market Analysis Showcases Growth Trends and Opportunity until 2027” which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview.
The research study of the global insulation monitoring devices market provides detailed analysis of different segments of the market including feature, measurement method, device type, and application segments. Based on feature, the market has been bifurcated into with device and without device. Based on measurement method, the market has been divided into DC voltage, AMP (patented by Bender), and low-frequency AC voltage. In terms of device type, the market has been segmented into with coupling device and without coupling device. Moreover, in terms of application, the insulation monitoring devices market has been segregated into healthcare, railways, mechanical & plant engineering, mining, oil & gas, ships & ports, renewable energy, eMobility, mobile power generation, public power supply networks, and data centers.
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The global insulation monitoring devices market is expected to reach 5,652.31 thousand units, in terms of volume, by 2027. The market is projected to expand at a CAGR of 5.42% from 2019 to 2027. According to the report, the global market is expected to continue to be influenced by rising demand from the global renewable energy sector, increasing implementation of IT power supply networks worldwide, and availability of industry standards pertaining to insulation monitoring devices in the near future. Asia Pacific is estimated to continue to lead the global market, with the market in the region expanding at a CAGR of above 6% during the forecast period. Prominent economies in Asia Pacific such as China, Japan, India, and Australia, are adopting insulation monitoring devices increasingly.
Secondary research sources that are typically referred to include, but are not limited to: company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, internal and external proprietary databases, relevant patent and regulatory databases, national government documents, statistical databases, news articles, press releases, webcasts specific to companies operating in the global insulation monitoring devices market, national government documents, statistical databases, market reports, and Factiva.
Primary research involved e-mail interactions, telephonic interviews, and face-to-face interviews conducted for each segment and sub-segment of the insulation monitoring devices market across different geographies. TMR conducts primary interviews on an ongoing basis with market participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competition landscape, and market outlook. These help in validation and strengthening of secondary research findings. They also help develop market expertise and understanding of the team of analysts.
The report includes profiles of well-established players operating in the global insulation monitoring devices market. These are Bender GmbH & Co. KG, ABB, Viper Innovations Ltd, Schneider Electric, Littelfuse, Inc., and HAKEL LTD. These players are focused on providing technologically advanced products to their customers and meeting the rising demand. For instance, in 2018, Viper Innovations Ltd, a manufacturer of insulation monitoring devices for rail and subsea applications, upgraded its insulation monitoring device called V-LIM (Line Integrity Monitor) in order to resolve the issue of cross-disturbance between two insulation monitoring devices. With this product upgrade, the company resolved the issue by offering a long-term solution.
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The global insulation monitoring devices market has been segmented as follows:
Global Insulation Monitoring Devices Market, by Feature
Global Insulation Monitoring Devices Market, by Measurement Method
AMP (Patented by Bender)
Low-frequency AC Voltage
Global Insulation Monitoring Devices Market, by Device Type
With Coupling Device
Without Coupling Device
Global Insulation Monitoring Devices Market, by Application
Mechanical & Plant Engineering
Oil & Gas
Mobile Power Generation
Public Power Supply Networks
Global Insulation Monitoring Devices Market, by Region
Rest of North America
Rest of Europe
Asia Pacific (APAC)
Rest of APAC
Middle East & Africa (MEA)
Rest of MEA
Rest of South America
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