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?
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