A detailed analysis of the market, including market size, share, value, growth, and current trends for the years 2021–2031, is provided in the FMI report on the global market for digital fault recorders (DFR). The distributed electric power system is monitored and recorded using digital fault recorders (DFRs), which use multiphase waveforms to quickly spot faults, failing or interrupting equipment, improper tripping, and the best tripping delay settings.
The recorders use extremely precise measurement chains to maximise the quantity of fault data gathered and enhance decision-making. Transformer sub-stations and power plants have low-, medium-, and high-voltage networks that are designed expressly for these recorders to monitor and analyse.
A few of the events and processes that the digital fault recorder may track include short circuits, extreme load situations, transformer breaking procedures, and power variations that may happen on the line. The gadget can function as a reporting and management tool, enabling engineers to properly monitor the electrical grid or power plants.
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Impact of COVID-19 Pandemic Outbreak on Digital Fault Recorders (DFR) Market
The COVID-19 viral outbreak that began in Q1 2020 has now reached nearly 200+ countries globally. The market for semiconductors has already begun to suffer as a result of COVID-19, which has also had a direct influence on the supply and demand for semiconductor electronics.
Governments all across the world have imposed harsh restrictions, such as banning certain types of companies, gatherings, protests, theatres, universities, and other activities that draw large crowds.
The ongoing actions have caused daily commercial and industrial electricity usage to drop significantly. The majority of enterprises have, however, turned to the option of working from home, which has led to a considerably increased domestic electricity consumption.
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Digital Fault Recorders (DFR) Market: – Market Dynamics
Growing Demand for Digital Substations would propel the growth of DFR Market
Day by day, the entire electrical system is changing with huge pace. The electricity generation systems is becoming highly distributed to countless locations. Several technological advancements are taking place in electrical systems to make them smarter, efficient, and more organized management system for uninterrupted electricity supply and demand.
Digital substations comprises of thousands of sensors to provide great comfort, availability, and safety and while at the same time reduces costs, risks, and environmental damage.
Digital Fault Recorders (DFR) Market: – Key Players
Key players in the DFR market are focusing on product innovation and strategic partnerships with other technology vendors to develop advanced DFRs for smart grid infrastructures. The major players offering DFR include
- General Electric
- Siemens, Ametek
- Qualitrol
- Elspec
- Mehta Tech
- Prosoft Systems
- Kocos
- Logiclab
- Others
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Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Rest of Latin America)
- Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Russia, Rest of Europe)
- East Asia (China, South Korea, Japan)
- South Asia & Pacific (India, ASEAN, Australia & New Zealand, Rest of South Asia)
- Middle East and Africa (GCC Countries, Turkey, South Africa, Rest of MEA)
Digital Fault Recorders (DFR) Market: – Segmentation
By Appliance :
- Digital Fault Recorders
- Services
By Voltage :
- Less Than 66 kV
- 66 – 220kv
- Above 220 kV
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