Dublin, Feb. 16, 2023 (GLOBE NEWSWIRE) -- The "Insulation Monitoring Devices: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Insulation Monitoring Devices estimated at US$654.9 Million in the year 2022, is projected to reach a revised size of US$930.4 Million by 2030, growing at a CAGR of 4.5% over the analysis period 2022-2030.
Power Utilities, one of the segments analyzed in the report, is projected to record a 4.4% CAGR and reach US$342 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Manufacturing & Production segment is readjusted to a revised 4.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $191.6 Million, While China is Forecast to Grow at 4.3% CAGR
The Insulation Monitoring Devices market in the U.S. is estimated at US$191.6 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$165.6 Million by the year 2030 trailing a CAGR of 4.3% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 3.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.
Select Competitors (Total 11 Featured) -
- ABB Group
- Cirprotec, S.L.
- Eaton Corporation PLC
- HAKEL Spol. Sro
- Littelfuse, Inc.
- Megacon
- Mitsubishi Electric Corporation
- Muuntosahko OY - Trafox
- Ppo-Elektroniikka Oy
- Schneider Electric SA
- Siemens AG
- Viper Innovations Ltd.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Report Metrics:
| Report Attribute | Details |
| No. of Pages | 179 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $654.9 Million |
| Forecasted Market Value (USD) by 2030 | $930.4 Million |
| Compound Annual Growth Rate | 4.5% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Insulation Monitoring Devices Market - Prelude
- End-Use Demand Dynamics
- Competition
- Insulation Monitoring Devices - Global Key Competitors Percentage Market Share in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Increase in Demand for Renewable Energy Solutions Drives Growth in Insulation Monitoring Devices Market
- Global Renewable Energy Capacity in GW and as % of Total Energy Generation for the Years 2010 through 2018
- Insulation Monitoring in Healthcare Industry: An Overview
- Growing Importance of Insulation Monitoring Devices for Unearthed IT Systems
- Growing Use of Insulation Monitoring in EVs Drives Growth in Transportation Application
- Factory Automation Trend and the Need to Prevent Downtime through Timely Detection of Insulations Fault to Spur Market Growth
- Product Overview
- Insulation Monitoring: A Conceptual Overview
- Insulation Monitoring Devices
- Insulation Monitoring Devices in Ungrounded IT Networks
- Isolation Monitoring Devices Standards
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/o6egx2
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