Partial discharge monitoring systems are useful for monitoring insulation systems on GIS, transformers, spinning machinery, motors, cables, and other high voltage equipment. These instruments are intended for long-term data storage, alarm management, event detection, and system integration.
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This study provides an in-depth analysis of the numerous changes that have occurred in the Partial discharge monitoring systems industry chain as a result of upstream and downstream market circumstances. A thorough examination of the Covid-19 pandemic-induced changes in businesses, as well as the best industrial practices for restoring growth trends across regions and countries, has been documented in detail to encourage progressive investment decisions by players and aspirants in the global Partial discharge monitoring systems market.
Based on Type,
The market is divided into two types: hardware and software. The Hardware category now holds the largest market share and is predicted to increase significantly and dominate the worldwide market over the forecast period. The section displays each sort of production, as well as the revenue received, price, and market share, as well as the growth rate.
Based on Application,
The market is segmented into GIS, Transformers, Rotating Machines, Cables & Wires, and Other. In the worldwide market, the GIS component has the biggest market share and is expected to expand the most throughout the projected period. The segment focuses on each application's status and opportunity for substantial application value, market share, and growth valuation.
Based on Region,
The Global Partial Discharge Monitoring Systems Market is divided into four regions: North America, Europe, Asia Pacific, and the Rest of the World. The regions of North America and Europe are leading the Global Market with the greatest market share and are expected to expand significantly and dominate the Global Partial Discharge Monitoring Systems Market during the projected period.
Partial discharge monitoring systems are useful for monitoring insulation systems on GIS, transformers, spinning machinery, motors, cables, and other high voltage equipment. These instruments are intended for long-term data storage, alarm management, event detection, and system integration. The Partial Discharge Monitoring Systems market is divided into various categories. Temporary Monitoring System, Permanent Monitoring System.
Partial discharge monitoring systems are useful for monitoring insulation systems on GIS, transformers, spinning machinery, motors, cables, and other high voltage equipment. These instruments are intended for long-term data storage, alarm management, event detection, and system integration. The Partial Discharge Monitoring Systems business is divided into two parts: Permanent Monitoring System and Temporary Monitoring System.
The industry is disjointed. There are several companies that sell Partial Discharge Monitoring Systems. Qualitrol, Mitsubishi Electric, and Eaton hold the top three revenue market share positions in the world. In terms of revenue, Qualitrol maintained its leading position, accounting for 15.68 percent of the market in 2019. Mitsubishi Electric and Eaton are among the firms with the highest revenue market share in 2019, with 11.59 percent and 10.67 percent, respectively.
The global market for Partial Discharge Monitoring Systems is expected to reach US$ 715.3 million by 2028, up from US$ 481.3 million in 2020, at a CAGR of 5.1 percent between 2021 and 2028.
Demand for Partial discharge monitoring systems is increasing to reduce the possibilities of short circuits and failures and to assure the safety and long life of Partial discharge. Continuous industrial expansion and urbanisation in emerging nations are expanding the scope and demand for partial discharge and monitoring systems. Furthermore, the energy and utility sectors are constantly expanding, making Partial discharge monitoring systems more desirable, with wireless technology driving most of the need for Partial discharge monitoring systems.
The market is expanding, and it is expected to accelerate with the implementation of COVID-19. The rapid expansion of the energy utilities and industrial sectors is boosting the installation of partial discharge, driving need for partial discharge monitoring systems.
The primary problems for end users include choosing the correct Partial discharge monitoring system, given their high cost, the possibility of cyber-attacks in the case of wireless Partial discharge monitoring systems, and safety concerns. Manufacturers are developing SF6-free partial discharge, which will help the market grow in the next years.
Energy production capacity has increased dramatically over the years and continues to expand at a rapid rate. This is projected to result in increased sales of partial discharge monitoring systems. In today's society, increased environmental awareness and resource efficiency are critical. Offshore wind generation is playing a significant role in solving these issues. Increasing electricity demand necessitates the development of a new generation of wind power facilities outfitted with cutting-edge technologies.
A few big, medium, and small-scale firms operating globally control the worldwide Partial discharge monitoring system market. The majority of market participants have focused on East Asia and South Asia Pacific, where regional governments favour private sector engagement in industrial and technological growth. Furthermore, big players have a high number of patents, giving them an advantage over smaller firms and startups.
Companies in the market want to acquire and strategically partner with end consumers and regional distributors in order to address the demands of a rising customer base. Partial discharge monitoring system suppliers use acquisition and regional development tactics to get a presence in new and rapidly increasing markets.
Siemens, Eaton, Qualitrol, OMICRON, Prysmian Group, and PMDT are the leading participants.
Partial Discharge Monitoring System Market Scope
|Revenue forecast in 2028
|US$ 715.3 million
|CAGR of 5.1 % during 2018-2028
|By Product Type, By Application, Regions
|North America, Europe, Asia Pacific, South America, Middle East and South Africa
|Key Players Profiled
|Siemens, Eaton, Qualitrol, OMICRON, Prysmian Group, and PMDT
Key Segments of the Global Advanced Carbon Materials Market
By Product Type:
- Rotating Machines
- Cables & Wires
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa