Global Residual Current Monitoring System Market 2018-2022 - Growing Demand for Renewable Power Sources is Driving the Market - ResearchAndMarkets.com

DUBLIN--()--The "Global Residual Current Monitoring System Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

Global residual current monitoring system market to grow at a CAGR of 4.72% during the period 2018-2022.

One trend in the market is need for current monitoring in renewable energy sources. Renewables have been steadily increasing their share of energy mix owing to the decreased cost of harnessing renewable energy, favorable government regulations, and a general shift toward clean power generation sources.

According to the report, one driver in the market is growing demand for renewable power source. The demand for power is on the rise with growing industrialization and urbanization. In regions such as North America and Europe, growing focus on digitization has resulted in widespread use of equipment, which relies heavily on power.

Further, the report states that one challenge in the market is lack of growth in mining industry and reduced coal mining activities. In 2015, the mining industry witnessed a slowdown globally, which continue in 2016 and 2017. Investments by leading mining companies reduced drastically in 2017 with little capital available to companies for investments.

Key vendors

  • ABB
  • Bender
  • Janitza Electronics
  • Phoenix Contact
  • Schneider Electric
  • Siemens

Key Topics Covered:

1. Executive Summary

2. Scope of the Report

3. Research Methodology

4. Market Landscape

5. Market Sizing

6. Five Forces Analysis

7. Customer Landscape

8. Market Segmentation by Product

9. Market Segmentation by End-User

10. Regional Landscape

11. Decision Framework

12. Drivers and Challenges

13. Market Trends

14. Vendor Landscape

15. Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/p5bs2l/global_residual?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
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For GMT Office Hours Call +353-1-416-8900
Related Topics: Electrical Engineering, Industrial Automation

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Electrical Engineering, Industrial Automation