Lewes, DE -- (SBWIRE) -- 11/28/2017 -- Report forecast the global insulation monitoring devices market to grow at a CAGR of 4.82% during the period 2017-2021.

An insulation monitoring device continuously monitors the insulation resistance of an unearthed power system between an active phase conductor and earth. Whenever the insulation resistance in the system falls below a threshold limit, the device triggers an alarm. This device is widely used in unearthed systems where a continuous power supply is indispensable to avoid risking human life, such as in mines, hospitals, railways, and airports.

The report covers the present scenario and the growth prospects of the global insulation monitoring devices market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, one driver in the market is growth of renewable energy in power generation mix. Decrease in cost of generation of renewables, awareness toward climate change, and shift toward decarbonization has increased the demand for renewable sources of energy. European countries have already shifted their focus toward renewables, and now Asia has also increased investments in the renewable sector. Solar and wind power dominate power generation portfolio for renewables. Both solar and wind power are subjected to a high variance of insulation resistance due to changes in solar radiation and wind flow.

Further, the report states that one challenge in the market is slow growth in the mining industry. Global investments in mining have decreased owing to awareness about the environment and shift toward clean fuels. Countries are increasingly adopting gas-based fuels in place of coal. The majority of European nations have already decreased the share of coal in energy basket and aim to be 100% renewable by 2020. High pollution level has forced the US to increase renewables in the energy basket. The mining industry is one of the major contributors to the global insulation monitoring device market.

Global Insulation Monitoring Devices Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global insulation monitoring devices market: ABB, Eaton, Littelfuse, Mitsubishi Electric, and Schneider Electric.

Other Prominent Vendors in the market are: Bender GmbH & Co. KG, Cirprotec, E. Dold & Söhne KG, Hakel, Martens (GHM Messtechnik GmbH), Megacon, Ppo elektroniikka, Siemens, MUUNTOSÄHKÖ OY – TRAFOX, and Viper innovations.

Market driver
- Growth of renewable energy in power generation mix
- For a full, detailed list, view our report

Market challenge
- Slow growth in the mining industry
- For a full, detailed list, view our report

Market trend
- Increase in use of low voltage DC power systems
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?

Spanning over 73 pages "Global Insulation Monitoring Devices Market 2017 - 2021" report covers Executive summary, Introduction, Scope of the report, Research Methodology, Market landscape, Market segmentation by end-user, Geographical segmentation, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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