Insulation Monitoring Devices Market to Grow at 4.82% CAGR till 2021, Forecasts Infiniti Research in Its Report Available MarketPublishers.com
06 Oct 2017 • by Natalie Aster
LONDON – Insulation monitoring devices continuously monitor the insulation resistance of unearthed power systems between an active phase conductor and earth. If the insulation resistance in the monitored system falls below a threshold limit, this device triggers an alarm. Today, insulation monitoring devices are widely used in different unearthed systems, where a continuous power supply is indispensable to avoid any risk to human life, for instance, in hospitals, airports and railways, to name a few.
Between 2017 and 2021, the world’s market for insulation monitoring devices is forecast to keep to a healthy growth trend, exhibiting an increase at a CAGR of nearly 4.82%. The major forces having positive influence on the market growth include increasing share of renewable energy in power generation mix, rising usage of low-voltage, introduction of devices with new advanced features and increasing usage of smart cables for fault location.
Eaton, ABB, Schneider Electric, Littelfuse and Mitsubishi Electric are amid the prominent companies active in the world’s insulation monitoring devices market.
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