According to a market report by Lucintel, the future of the global digital fault recorder market looks promising with opportunities in the dedicated and multifunctional markets. The global digital fault recorder market is expected to reach an estimated $0.6 billion by 2030 with a CAGR of 4.9% from 2024 to 2030. The major drivers for this market are rising demand for digital substations, growing demand for reliable and accurate power grid monitoring solutions, and rising grid modernization.

A more than 150 – page report is developed to understand trends, opportunity and forecast in digital fault recorder market to 2030 by type (dedicated and multifunctional), installation (generation, transmission, and distribution), station (automated and non-automated), voltage (below 66kV, 66-220kV, and above 220kV), and region (North America, Europe, Asia Pacific, and the Rest of the World).

In this market, automated and non-automated are the major segments of digital fault recorder market by station. Lucintel forecasts that automated is expected to witness higher growth over the forecast period due to the increasing demand for automated DFR from power utilities.

Within this market, dedicated is expected to witness higher growth over the forecast period due to its significant usage in substation applications, where they can provide valuable insights into the causes and effects of faults.

APAC is expected to witness highest growth over the forecast period due to rapid growth of the power and transmission & distribution market and rising investments in smart grid technologies in the region.

GE, Elspec, Siemens, Qualitrol, Logiclab, Ducati Energia, Ametek, E-Max Instruments, Kocos, and Procom Systems are the major suppliers in the digital fault recorder market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]