Digital Fault Recorder Market Segmentation:
Installation Segment Analysis
Transmission segment is likely to hold more than 44% digital fault recorder market share by 2035. The segment growth is attributed to the power being transferred to various centers with the help of transmission networks. The rise in the demand for DFR is related to the increase in transmission infrastructure to attain a reliable power supply coupled with seamless necessary data. China is the first country to create 1 million volt transmission lines, plans to partner with other countries to manufacture powerful grid infrastructures and attain a global interconnected electric grid by 2070.
Station Segment Analysis
By 2035, automated segment is projected to hold more than 25% digital fault recorder market share. The automated segment is poised to hold a significant share of 25% in the year 2035. This segment helps remotely monitor and control power distribution systems even the large power transmission systems. Additionally, automated systems assist in the transformation of standard substations by improvising old infrastructures.
Voltage Segment Analysis
The 66kV-220kV segment in digital fault recorder market is anticipated to hold the revenue owing to its usage in transmitting power over long distances since high-voltage transmission lines are required for covering large distances. USD 20 million has been allocated for investment in the transmission and distribution system for 2020-2023 as per NEMA on a global level.
Our in-depth analysis of the global market includes the following segments:
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