Rise in Contracts, Agreements, and Product Developments to Fuel the Digital Fault Recorder (DFR) Market
According to a new report published by Transparency Market Research, the global digital fault recorder market will grow exceptionally during 2018-2026 owing to the increase in contracts, agreements, and product developments are fueling the digital fault recorder (DFR) market. Product developments are expected to be the second-most widely followed strategy during the forecast period.
A digital fault recorder is a powerful platform for cost-effective performance solution, acquisition, analysis, and data reporting from power system substations.
Explicit features of Digital Fault Recorder (DFR) include modular design, centralized & decentralized architecture, modern synchronization, comprehensive web-interface, and scalable architecture.
In terms of regional perspective, the global digital fault recorder (DFR) market is split into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Among these, Asia Pacific is projected to be a rapidly growing region of the global digital fault recorder (DFR) market during the forecast period.
This is ascribed to the rise in government investments to improve power grid infrastructure in order to maximize the reliability of power systems. India is a rapidly growing region of the digital fault recorder (DFR) market in the Asia Pacific owing to the rise in demand for power grid infrastructure in the country.
Increase in demand for resources of renewable energy and the power grid is also driving the digital fault recorder (DFR) market in the Asia Pacific.
Prominent players operating in the global digital fault recorder (DFR) market are included in this report to give a better competitive landscape of the market and these are AMETEK.Inc., ERL Phase Power Technologies Ltd., DUCATI Energia Spa, General Electric Company, Elspec LTD, KoCoS Messtechnik AG, Kinkei System Corporation, LogicLab s.r.l., Prosoft-Systems Ltd., Qualitrol Company LLC, and Siemens AG.
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