during the forecast period. The growing focus on energy efficiency around the world and the growing emphasis on reducing industrial downtime and global energy costs are drivers of the growth of the event recorder market order.
New York, April 8, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the release of the report “Sequence of Recorder Market by Mount, Region – Global Forecast to 2026” – https://www.reportlinker.com/p06058046 /? utm_source = GNW
Moreover, growing investment in data center infrastructures and the continuous replacement of dilapidated energy infrastructures with technologically advanced power equipment are factors that will offer lucrative opportunities for market growth from 2021 to 2026. However, easy availability of replacements for array recorders is hampering market growth.
The segment carrier, according to the type of carrier, is expected to be the fastest growing market from 2021 to 2026.
Beam-type segments are categorized into beams and girders. The segment stand makes up the largest market share and is expected to grow at the fastest rate over the forecast period, as they are easy to mount in brackets, leading to space savings.
They provide improved problem tracking and are easily updated. These recorders make maintenance and troubleshooting activities efficient by enabling time savings.
The end-user electricity generation segment is expected to be the largest market from 2021 to 2026
The user segment edn categorized data centers, electricity generation, generation and others. The electricity generation sub-segment is expected to be the largest market during the forecast period.
The power generation industry is a key user of automation products. It contains a large number of transformers, inputs, buses and several other means that ensure uninterrupted power supply to end users.
The power system is expected to perform the functions of electricity generation, transmission and distribution. Therefore, power plants, transformers, transmission lines, substations, distribution lines and distribution transformers are needed to ensure the smooth implementation of these functions.
It is necessary to monitor these functions for the flexibility, reliability and stability of the power supply system. Event sequence recorders can be used to monitor plant status from operator level to management level.
Asia-Pacific region: The fastest growing region in a series of record-breaking events.
The Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. The Asia-Pacific region includes China, Australia, Japan, India, South Korea, Singapore and the rest of the Asia-Pacific region.
The rest of the Asia-Pacific region includes Thailand, Indonesia, the Philippines and Malaysia, among others. Factors such as the increasing penetration of the Internet and cloud computing, the growing economy and ongoing infrastructure development projects are contributing to the increased demand for data centers in the region.
This in turn contributes to the growth of a number of event recorder markets in the Asia-Pacific region. Key vendors providing data center power solutions in the Asia-Pacific region are ABB, Schneider Electric and Delta Electronics.
Countries like Australia and China are witnessing increased investment in BFSI, retail, healthcare, manufacturing and telecommunications verticals that have resulted in development and economic growth in the Asia-Pacific region. The construction of data centers in the Asia-Pacific region is relatively larger than other regions of the world due to mostly unused market areas for data center providers. The implementation of 5G has started in several countries in the region, which will have a significant impact on the market. Telecommunications providers are expected to team up with service providers to establish edge data centers across the region. According to Cisco, the Asia-Pacific region will use twice the amount of mobile data per month from North America and Western Europe together by 2021. The proliferation of Internet-enabled devices is expected to further increase the demand for data centers in the region, and thus the growth of a number of event recorder markets in the Asia-Pacific region.
Analysis of primary results:
In-depth interviews were conducted with various key industry participants, thematic experts, key market leaders C and industry advisors, among others, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
• By company type: Level 1-40%, Level 2-35% and Level 3- 25%
• By appointment: level C – 35%, level of director – 25% and others – 40%
By regions: North America – 20%, Asia Pacific – 35%, Europe – 20%, Middle East and Africa – 15%, and South America – 10%
* Other includes sales managers, engineers and regional managers.
Company levels are defined based on their total revenue from 2019. Level 1: USD 1 billion, Level 2: From USD 1 billion to USD 500 million and Level 3:
Following the events, the recorder market is dominated by several major players who have a broad regional presence. The leading players in the event recorder market are AMETEK (USA), Qualitrol Corp. (USA), Emerson (USA) and Yokogawa Electric Corporation (Japan).
Scope of the study:
The report defines, describes and predicts the sequence of events of the event recorder market, according to the type of installation, the end user and the region. It also offers a detailed qualitative and quantitative market analysis.
The report provides a comprehensive overview of the main market drivers, constraints, opportunities and challenges. It also covers various important aspects of the market, which include analysis of the competitive landscape, market dynamics, market assessments in terms of value and future trends in the sequence of events recorded by the market.
Key benefits of buying a report
1. The report identifies and processes a key market event (SER) sequence that would help companies with SERs and suppliers to review demand growth.
2. The report helps service providers understand the pulse of the market and provides insight into the drivers, constraints, opportunities and challenges specific to the market.
3. The report will help key players better understand their competitors ’strategies and help them make better strategic decisions.
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