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Home>Global Insulation Monitoring Devices Market 2017-2021: Key Vendors are ABB, Eaton, Littelfuse, Mitsubishi Electric & Schneider Electric - Research and Markets

Global Insulation Monitoring Devices Market 2017-2021: Key Vendors are ABB, Eaton, Littelfuse, Mitsubishi Electric & Schneider Electric - Research and Markets

Global Insulation Monitoring Devices Market 2017-2021: Key Vendors are ABB, Eaton, Littelfuse, Mitsubishi Electric & Schneider Electric - Research and Markets

10/02/2017

Global Insulation Monitoring Devices Market 2017-2021: Key Vendors are ABB, Eaton, Littelfuse, Mitsubishi Electric & Schneider Electric - Research and Markets

The "Global Insulation Monitoring Devices Market 2017-2021" report has been added to Research and Markets' offering.

The global insulation monitoring devices market is forecast to grow at a CAGR of 4.82% during the period 2017-2021.

The 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.

One trend in the 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 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.

Key vendors

  • ABB
  • Eaton
  • Littelfuse
  • Mitsubishi Electric
  • Schneider Electric

Other prominent vendors

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