Product Code: GVR-4-68040-374-4
Digital Fault Recorder Market Size & Trends
The global digital fault recorder market size was estimated at USD 1.47 billion in 2023 and is projected to grow at a CAGR of 6.6% from 2024 to 2030. Several factors are driving the growth of the market, including the growing demand for reliable power supply, growing grid modernization initiatives, and rising focus on preventive maintenance. Digital Fault Recorders (DFRs) are specialized devices used in electrical power systems to capture and record data related to electrical faults and disturbances.
DFRs are designed to monitor and store high-resolution data of events such as short circuits, voltage sags or swells, transient disturbances, and other anomalies that occur within the power grid. They play a critical role in maintaining the reliability and stability of electrical power systems by providing detailed insights into transient events and disturbances, and facilitating prompt corrective actions and improvements in system design and operation.
The increasing deployment of renewable energy sources such as solar and wind power introduces new challenges to grid stability due to their intermittent nature. According to the International Energy Agency (IEA), in 2023, the global addition of renewable energy capacity to energy systems surged by 50%, reaching nearly 510 gigawatts (GW). DFRs are essential for monitoring the impact of renewable energy integration on grid performance and for ensuring smooth operation during transient events.
Utilities are increasingly focused on optimizing asset management strategies to extend the lifespan of equipment and reduce maintenance costs. DFRs provide valuable data for predictive maintenance and condition monitoring of critical grid assets, helping utilities prioritize maintenance activities and minimize downtime. Many countries are investing in the modernization of aging power infrastructure to enhance grid resilience, accommodate renewable energy integration, and improve overall efficiency. DFRs play a crucial role in modern grid systems by providing real-time data for monitoring and optimizing grid operations.
Global Digital Fault Recorder Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global digital fault recorder market report based on component, technology, installation, and region:
- Component Outlook (Revenue, USD Million, 2017 - 2030)
- Hardware
Dedicated
Multifunctional
- Software
- Services
- Technology Outlook (Revenue, USD Million, 2017 - 2030)
- High-speed Disturbance Recording
- Low-speed Disturbance Recording
- Steady-state Recording
- Installation Outlook (Revenue, USD Million, 2017 - 2030)
- Generation
- Transmission
- Distribution
- Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
U.S.
Canada
Mexico
UK
Germany
France
India
China
Japan
South Korea
Australia
Brazil
- Middle East and Africa (MEA)
Kingdom of Saudi Arabia (KSA)
UAE
South Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Digital Fault Recorder Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.3.3. Industry Opportunities
- 3.3.4. Industry Challenges
- 3.4. Digital Fault Recorder Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
Chapter 4. Digital Fault Recorder Market: Component Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Digital Fault Recorder Market: Component Movement Analysis, 2023 & 2030 (USD Million)
- 4.3. Hardware
- 4.3.1. Hardware Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 4.3.2. Dedicated
- 4.3.2.1. Dedicated Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 4.3.3. Multifunctional
- 4.3.3.1. Multifunctional Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 4.4. Software
- 4.4.1. Software Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 4.5. Services
- 4.5.1. Services Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 5. Digital Fault Recorder Market: Technology Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Digital Fault Recorder Market: Technology Movement Analysis, 2023 & 2030 (USD Million)
- 5.3. High-speed Disturbance Recording
- 5.3.1. High-speed Disturbance Recording Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.4. Low-speed Disturbance Recording
- 5.4.1. Low-speed Disturbance Recording Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.5. Steady-state Recording
- 5.5.1. Steady-state Recording Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 6. Digital Fault Recorder Market: Installation Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Digital Fault Recorder Market: Installation Movement Analysis, 2023 & 2030 (USD Million)
- 6.3. Generation
- 6.3.1. Generation Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.4. Transmission
- 6.4.1. Transmission Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.5. Distribution
- 6.5.1. Distribution Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 7. Digital Fault Recorder Market: Regional Estimates & Trend Analysis
- 7.1. Digital Fault Recorder Market Share, By Region, 2023 & 2030, USD Million
- 7.2. North America
- 7.2.1. North America Digital Fault Recorder Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.2.2. North America Digital Fault Recorder Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 7.2.3. North America Digital Fault Recorder Market Estimates and Forecasts, by Technology, 2017 - 2030 (USD Million)
- 7.2.4. North America Digital Fault Recorder Market Estimates and Forecasts, by Installation, 2017 - 2030 (USD Million)
- 7.2.5. U.S.
- 7.2.5.1. U.S. Digital Fault Recorder Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.2.5.2. U.S. Digital Fault Recorder Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 7.2.5.3. U.S. Digital Fault Recorder Market Estimates and Forecasts, by Technology, 2017 - 2030 (USD Million)
- 7.2.5.4. U.S. Digital Fault Recorder Market Estimates and Forecasts, by Installation, 2017 - 2030 (USD Million)
- 7.2.6. Canada
- 7.2.6.1. Canada Digital Fault Recorder Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.2.6.2. Canada Digital Fault Recorder Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 7.2.6.3. Canada Digital Fault Recorder Market Estimates and Forecasts, by Technology, 2017 - 2030 (USD Million)
- 7.2.6.4. Canada Digital Fault Recorder Market Estimates and Forecasts, by Installation, 2017 - 2030 (USD Million)
- 7.2.7. Mexico
- 7.2.7.1. Mexico Digital Fault Recorder Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.2.7.2. Mexico Digital Fault Recorder Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 7.2.7.3. Mexico Digital Fault Recorder Market Estimates and Forecasts, by Technology, 2017 - 2030 (USD Million)
- 7.2.7.4. Mexico Digital Fault Recorder Market Estimates and Forecasts, by Installation, 2017 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Europe Digital Fault Recorder Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.2. Europe Digital Fault Recorder Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 7.3.3. Europe Digital Fault Recorder Market Estimates and Forecasts, by Technology, 2017 - 2030 (USD Million)
- 7.3.4. Europe Digital Fault Recorder Market Estimates and Forecasts, by Installation, 2017 - 2030 (USD Million)
- 7.3.5. U.K.
- 7.3.5.1. U.K. Digital Fault Recorder Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.5.2. U.K. Digital Fault Recorder Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 7.3.5.3. U.K. Digital Fault Recorder Market Estimates and Forecasts, by Technology, 2017 - 2030 (USD Million)
- 7.3.5.4. U.K. Digital Fault Recorder Market Estimates and Forecasts, by Installation, 2017 - 2030 (USD Million)
- 7.3.6. Germany
- 7.3.6.1. Germany Digital Fault Recorder Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.6.2. Germany Digital Fault Recorder Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 7.3.6.3. Germany Digital Fault Recorder Market Estimates and Forecasts, by Technology, 2017 - 2030 (USD Million)
- 7.3.6.4. Germany Digital Fault Recorder Market Estimates and Forecasts, by Installation, 2017 - 2030 (USD Million)
- 7.3.7. France
- 7.3.7.1. France Digital Fault Recorder Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.7.2. France Digital Fault Recorder Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 7.3.7.3. France Digital Fault Recorder Market Estimates and Forecasts, by Technology, 2017 - 2030 (USD Million)
- 7.3.7.4. France Digital Fault Recorder Market Estimates and Forecasts, by Installation, 2017 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Digital Fault Recorder Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.2. Asia Pacific Digital Fault Recorder Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 7.4.3. Asia Pacific Digital Fault Recorder Market Estimates and Forecasts, by Technology, 2017 - 2030 (USD Million)
- 7.4.4. Asia Pacific Digital Fault Recorder Market Estimates and Forecasts, by Installation, 2017 - 2030 (USD Million)
- 7.4.5. China
- 7.4.5.1. China Digital Fault Recorder Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.5.2. China Digital Fault Recorder Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 7.4.5.3. China Digital Fault Recorder Market Estimates and Forecasts, by Technology, 2017 - 2030 (USD Million)
- 7.4.5.4. China Digital Fault Recorder Market Estimates and Forecasts, by Installation, 2017 - 2030 (USD Million)
- 7.4.6. Japan
- 7.4.6.1. Japan Digital Fault Recorder Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.6.2. Japan Digital Fault Recorder Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 7.4.6.3. Japan Digital Fault Recorder Market Estimates and Forecasts, by Technology, 2017 - 2030 (USD Million)
- 7.4.6.4. Japan Digital Fault Recorder Market Estimates and Forecasts, by Installation, 2017 - 2030 (USD Million)
- 7.4.7. India
- 7.4.7.1. India Digital Fault Recorder Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.7.2. India Digital Fault Recorder Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 7.4.7.3. India Digital Fault Recorder Market Estimates and Forecasts, by Technology, 2017 - 2030 (USD Million)
- 7.4.7.4. India Digital Fault Recorder Market Estimates and Forecasts, by Installation, 2017 - 2030 (USD Million)
- 7.4.8. South Korea
- 7.4.8.1. South Korea Digital Fault Recorder Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.8.2. South Korea Digital Fault Recorder Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 7.4.8.3. South Korea Digital Fault Recorder Market Estimates and Forecasts, by Technology, 2017 - 2030 (USD Million)
- 7.4.8.4. South Korea Digital Fault Recorder Market Estimates and Forecasts, by Installation, 2017 - 2030 (USD Million)
- 7.4.9. Australia
- 7.4.9.1. Australia Digital Fault Recorder Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.9.2. Australia Digital Fault Recorder Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 7.4.9.3. Australia Digital Fault Recorder Market Estimates and Forecasts, by Technology, 2017 - 2030 (USD Million)
- 7.4.9.4. Australia Digital Fault Recorder Market Estimates and Forecasts, by Installation, 2017 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America Digital Fault Recorder Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.5.2. Latin America Digital Fault Recorder Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 7.5.3. Latin America Digital Fault Recorder Market Estimates and Forecasts, by Technology, 2017 - 2030 (USD Million)
- 7.5.4. Latin America Digital Fault Recorder Market Estimates and Forecasts, by Installation, 2017 - 2030 (USD Million)
- 7.5.5. Brazil
- 7.5.5.1. Brazil Digital Fault Recorder Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.5.5.2. Brazil Digital Fault Recorder Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 7.5.5.3. Brazil Digital Fault Recorder Market Estimates and Forecasts, by Technology, 2017 - 2030 (USD Million)
- 7.5.5.4. Brazil Digital Fault Recorder Market Estimates and Forecasts, by Installation, 2017 - 2030 (USD Million)
- 7.6. Middle East and Africa
- 7.6.1. Middle East & Africa Digital Fault Recorder Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6.2. Middle East & Africa (MEA) Digital Fault Recorder Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 7.6.3. Middle East & Africa (MEA) Digital Fault Recorder Market Estimates and Forecasts, by Technology, 2017 - 2030 (USD Million)
- 7.6.4. Middle East & Africa (MEA) Digital Fault Recorder Market Estimates and Forecasts, by Installation, 2017 - 2030 (USD Million)
- 7.6.5. Kingdom of Saudi Arabia (KSA)
- 7.6.5.1. Kingdom of Saudi Arabia (KSA) Digital Fault Recorder Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6.5.2. Kingdom of Saudi Arabia (KSA) Digital Fault Recorder Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 7.6.5.3. Kingdom of Saudi Arabia (KSA) Digital Fault Recorder Market Estimates and Forecasts, by Technology, 2017 - 2030 (USD Million)
- 7.6.5.4. Kingdom of Saudi Arabia (KSA) Digital Fault Recorder Market Estimates and Forecasts, by Installation, 2017 - 2030 (USD Million)
- 7.6.6. UAE
- 7.6.6.1. UAE Digital Fault Recorder Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6.6.2. UAE Digital Fault Recorder Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 7.6.6.3. UAE Digital Fault Recorder Market Estimates and Forecasts, by Technology, 2017 - 2030 (USD Million)
- 7.6.6.4. UAE Digital Fault Recorder Market Estimates and Forecasts, by Installation, 2017 - 2030 (USD Million)
- 7.6.7. South Africa
- 7.6.7.1. South Africa Digital Fault Recorder Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6.7.2. South Africa Digital Fault Recorder Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 7.6.7.3. South Africa Digital Fault Recorder Market Estimates and Forecasts, by Technology, 2017 - 2030 (USD Million)
- 7.6.7.4. South Africa Digital Fault Recorder Market Estimates and Forecasts, by Installation, 2017 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis by Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Positioning
- 8.4. Company Market Share Analysis
- 8.5. Company Heat Map Analysis
- 8.6. Strategy Mapping
- 8.6.1. Expansion
- 8.6.2. Mergers & Acquisition
- 8.6.3. Partnerships & Collaborations
- 8.6.4. New Product Launches
- 8.6.5. Research And Development
- 8.7. Company Profiles
- 8.7.1. GE Grid Solutions, LLC
- 8.7.1.1. Participant's Overview
- 8.7.1.2. Financial Performance
- 8.7.1.3. Product Benchmarking
- 8.7.1.4. Recent Developments
- 8.7.2. Siemens
- 8.7.2.1. Participant's Overview
- 8.7.2.2. Financial Performance
- 8.7.2.3. Product Benchmarking
- 8.7.2.4. Recent Developments
- 8.7.3. ABB
- 8.7.3.1. Participant's Overview
- 8.7.3.2. Financial Performance
- 8.7.3.3. Product Benchmarking
- 8.7.3.4. Recent Developments
- 8.7.4. AMETEK.Inc.
- 8.7.4.1. Participant's Overview
- 8.7.4.2. Financial Performance
- 8.7.4.3. Product Benchmarking
- 8.7.4.4. Recent Developments
- 8.7.5. Elspec LTD
- 8.7.5.1. Participant's Overview
- 8.7.5.2. Financial Performance
- 8.7.5.3. Product Benchmarking
- 8.7.5.4. Recent Developments
- 8.7.6. QUALITROL
- 8.7.6.1. Participant's Overview
- 8.7.6.2. Financial Performance
- 8.7.6.3. Product Benchmarking
- 8.7.6.4. Recent Developments
- 8.7.7. KoCoS Messtechnik AG
- 8.7.7.1. Participant's Overview
- 8.7.7.2. Financial Performance
- 8.7.7.3. Product Benchmarking
- 8.7.7.4. Recent Developments
- 8.7.8. Kinkei System Corporation
- 8.7.8.1. Participant's Overview
- 8.7.8.2. Financial Performance
- 8.7.8.3. Product Benchmarking
- 8.7.8.4. Recent Developments
- 8.7.9. DUCATI Energia Spa
- 8.7.9.1. Participant's Overview
- 8.7.9.2. Financial Performance
- 8.7.9.3. Product Benchmarking
- 8.7.9.4. Recent Developments
- 8.7.10. ERLPhase Power Technologies Ltd.
- 8.7.10.1. Participant's Overview
- 8.7.10.2. Financial Performance
- 8.7.10.3. Product Benchmarking
- 8.7.10.4. Recent Developments