Digital Fault Recorders (DFR) Market Report Published by FMI is an in-depth Analysis of the Market Covering its Size, Share, Value, Growth and Current Trends for the Period of 2021-2031. Digital Fault Recorders (DFRs) are used to monitor and record distributed electric power system by utilizing multiphase waveforms to immediately identify faults, failure or interrupting devices, incorrect tripping as well as to determines optimum tripping delay settings.
The recorders utilizes highly accurate measurement chains to maximize fault data capture and better inform decision making. These recorders are specifically designed to monitor and assess the low, medium and high-voltage networks in transformer sub-stations and power plants.
Some of the processes and events that can be monitored by the digital fault recorder are short circuits, critical load cases, breaking operations of the transformer and power fluctuations that may happen on the line. In short, the device can serve as a reporting and management tool, allowing engineers to properly monitor the power grid or power plants.
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Impact of COVID-19 Pandemic Outbreak on Digital Fault Recorders (DFR) Market
The outbreak of COVID-19 virus in Q1,2020 has spread to almost 200+ countries worldwide. The impact of COVID-19 has already started to negatively affect semiconductor market, and has directly affected the production and demand of semiconductor electronics.
Governments across the globe have taken severe confinement measures, including restricting shopping activities, businesses, rallies, theatres, universities, and other crowd gathering activities.
The on-going measures has resulted in significant reductions in daily commercial and industrial electricity demands. However, the residential electricity consumptions has relatively increased as majority of businesses have switched to work-from-home option.
The market disruptions due to the coronavirus pandemic has resulted in 8%-10% Year on Year (YoY) decrease in annual DFR shipments in 2020. The outbreak certainly resulted in decreased supply and demand in the global semiconductor market.
However, as per research, the DFR manufacturers got started recovering from the end of September 2020, also the global market would totally recover soon and is estimated return to growth by Q3, 2021.
Digital Fault Recorders (DFR) Market: – Market Dynamics
Growing Demand for Digital Substations would propel the growth of DFR Market
Day by day, the entire electrical system is changing with huge pace. The electricity generation systems is becoming highly distributed to countless locations. Several technological advancements are taking place in electrical systems to make them smarter, efficient, and more organized management system for uninterrupted electricity supply and demand.
Digital substations comprises of thousands of sensors to provide great comfort, availability, and safety and while at the same time reduces costs, risks, and environmental damage.
These digital substations are equipped with different types of intelligent electronic devices (IEDs) such as Digital Protective Relays (DPRs), Digital Fault Recorders (DFRs), Power Quality Monitors (PQMs), Digital Revenue Meters (DRMs), etc.
DFRs offers high speed monitoring and archives transient fault records, sequence of event records, and disturbance records recorded in protection relays distributed across the digital substation to ensures uninterrupted power supply across the substation.
Rising Government Investments in Power Grid Infrastructure
As the reliance on renewable energy sources increases, modernizing the aged power systems is highly required to ensure reliable and cost-efficient operations. From the past few years, power grid sector is undergoing rapid transformation, as many counties across the world faces steep electricity demand growth rates. To ensure a faster transition towards a low-carbon future, the implementation of new technologies is critical.
Governments across the world are continuously focusing towards transforming their power grid infrastructures by investing in renewables integration, grid modernization, improving resiliency and digital transformation.
For instance, in October 2020, Chinese government has announced that the government will invest around $900 billion in the next five years for the development of country’s power grids. Thus, the rising government investments in power grid infrastructure to maximize the reliability of power infrastructure would drive the growth of DFR market.
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Digital Fault Recorders (DFR) Market: – Key Players
Key players in the DFR market are focusing on product innovation and strategic partnerships with other technology vendors to develop advanced DFRs for smart grid infrastructures. The major players offering DFR include
- General Electric
- Siemens, Ametek
- Qualitrol
- Elspec
- Mehta Tech
- Prosoft Systems
- Kocos
- Logiclab
- others
Digital Fault Recorders (DFR) Market: Regional overview
By geography, the DFR market has been segmented into North America, Europe, Latin America, East Asia, South Asia & Pacific, and Middle East & Africa. Among these regions, North America & Europe is expected to dominate the global market due to high presence of prominent DFR vendors and high technological adoption, in these region.
Moreover, Asian countries like India, Singapore, Indonesia and others, would also offer potential growth opportunities in the market growth, due to increasing investments in power grids and electricity distribution infrastructure.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain of the global DFR market.
The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with DFR market attractiveness as per segments. The report on DFR market also maps the qualitative impact of various factors on DFR market segments and geographies.
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Rest of Latin America)
- Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Russia, Rest of Europe)
- East Asia (China, South Korea, Japan)
- South Asia & Pacific (India, ASEAN, Australia & New Zealand, Rest of South Asia)
- Middle East and Africa (GCC Countries, Turkey, South Africa, Rest of MEA)
Digital Fault Recorders (DFR) Market: – Segmentation
By Appliance :
- Digital Fault Recorders
- Services
By Voltage :
- Less Than 66 kV
- 66 – 220kv
- Above 220 kV
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