Insulation Monitoring Devices Market: 4.82% CAGR Growth Report by 2021

Insulation Monitoring Devices market 2021 report includes a detailed segmentation of the global insulation monitoring devices market includes end-user like power utilities, healthcare, transportation, mining, and others and also outlines the market shares for key regions like Americas, APAC, and EMEA.

The Insulation Monitoring Devices Market is detailed analysis report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. The analysts forecast global insulation monitoring devices market to grow at a CAGR of 4.82% during the period 2017-2021.

Browse Insulation Monitoring Devices Market report with 36 Exhibits, Top 15 Companies Profile, Spread across 73 pages available @ .

One trend in the Insulation Monitoring Devices 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 Insulation Monitoring Devices 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.

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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.

Insulation monitoring devices market key players are 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.

This 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.

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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.

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