Global Insulation Monitoring Devices Market to Reach $930.4 Million by 2030
The global market for Insulation Monitoring Devices estimated at US$686.4 Million in the year 2023, is expected to reach US$930.4 Million by 2030, growing at a CAGR of 4.4% over the analysis period 2023-2030. Power Utilities Application, one of the segments analyzed in the report, is expected to record a 4.3% CAGR and reach US$342 Million by the end of the analysis period. Growth in the Manufacturing & Production Application segment is estimated at 4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $202.3 Million, While China is Forecast to Grow at 4.3% CAGR
The Insulation Monitoring Devices market in the U.S. is estimated at US$202.3 Million in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$165.6 Million by the year 2030 trailing a CAGR of 4.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 3.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.
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What to Expect from the Global Economy in 2024
Edgy geopolitics, and economic instability caused by monetary policy tightening and ensuing higher interest rates will create a tumultuous landscape for 2024. Several factors will continue to exert pressure on the path to recovery including hostilities in the Middle East and increasingly common climate disasters. Among the risks, several positives are also taking shape such as growing signs of disinflation and easing of anxiety over stubborn inflation, supply chain normalization and price moderation despite volatility in energy costs. Elections across several G21 jurisdictions, notably in India and the United States, will have potential ramifications for capital flows and investment strategies. While India emerges as a compelling destination in the global investment landscape, U.S, based tech firms will continue to dominate, fueled by a dynamic ecosystem of talent and capital. Tech opportunities in Silicon Valley and beyond remain attractive for investors seeking high-growth prospects supported largely by a resilient albeit slowing domestic economy and conducive regulatory environment. Europe will continue to battle tight monetary policy and recession risks with U.K. having the most challenging outlook and running the greatest risk of recession in 2024. China remains a wild card with hope for growth in the country underpinned by government spending and improvements in consumer spending. The volatile environment will offer both opportunities and challenges for investors and businesses alike. Embracing volatility as a catalyst for growth together with agility and strategic foresight in navigating investment decisions will remain important for survival.
Select Competitors (Total 11 Featured) -
ABB Group
Cirprotec, S.L.
Eaton Corporation PLC
HAKEL Spol. Sro
Littelfuse, Inc.
Megacon
Mitsubishi Electric Corporation
Muuntosahko OY - Trafox
Ppo-Elektroniikka Oy
Schneider Electric SA
Siemens AG
Viper Innovations Ltd.
TABLE OF CONTENTS
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Insulation Monitoring Devices Market - Prelude
End-Use Demand Dynamics
Competition
Insulation Monitoring Devices - Global Key Competitors Percentage Market Share in 2024 (E)
Global Economic Update
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Increase in Demand for Renewable Energy Solutions Drives Growth in Insulation Monitoring Devices Market
Global Renewable Energy Capacity in GW and as % of Total Energy Generation for the Years 2010 through 2018
Insulation Monitoring in Healthcare Industry: An Overview
Growing Importance of Insulation Monitoring Devices for Unearthed IT Systems
Growing Use of Insulation Monitoring in EVs Drives Growth in Transportation Application
Factory Automation Trend and the Need to Prevent Downtime through Timely Detection of Insulations Fault to Spur Market Growth
Product Overview
Insulation Monitoring: A Conceptual Overview
Insulation Monitoring Devices in Ungrounded IT Networks
Isolation Monitoring Devices Standards
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: World Insulation Monitoring Devices Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
TABLE 2: World Recent Past, Current & Future Analysis for Insulation Monitoring Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
TABLE 3: World Historic Review for Insulation Monitoring Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
TABLE 4: World 16-Year Perspective for Insulation Monitoring Devices by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2014, 2024 & 2030
TABLE 5: World Recent Past, Current & Future Analysis for Power Utilities by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
TABLE 6: World Historic Review for Power Utilities by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
TABLE 7: World 16-Year Perspective for Power Utilities by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
TABLE 8: World Recent Past, Current & Future Analysis for Manufacturing & Production by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
TABLE 9: World Historic Review for Manufacturing & Production by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
TABLE 10: World 16-Year Perspective for Manufacturing & Production by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
TABLE 11: World Recent Past, Current & Future Analysis for Mining by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
TABLE 12: World Historic Review for Mining by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
TABLE 13: World 16-Year Perspective for Mining by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
TABLE 14: World Recent Past, Current & Future Analysis for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
TABLE 15: World Historic Review for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
TABLE 16: World 16-Year Perspective for Healthcare by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
TABLE 17: World Recent Past, Current & Future Analysis for Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
TABLE 18: World Historic Review for Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
TABLE 19: World 16-Year Perspective for Transportation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
TABLE 20: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
TABLE 21: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
TABLE 22: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
Insulation Monitoring Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
TABLE 23: USA Recent Past, Current & Future Analysis for Insulation Monitoring Devices by Application - Power Utilities, Manufacturing & Production, Mining, Healthcare, Transportation and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 24: USA Historic Review for Insulation Monitoring Devices by Application - Power Utilities, Manufacturing & Production, Mining, Healthcare, Transportation and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
TABLE 25: USA 16-Year Perspective for Insulation Monitoring Devices by Application - Percentage Breakdown of Value Sales for Power Utilities, Manufacturing & Production, Mining, Healthcare, Transportation and Other Applications for the Years 2014, 2024 & 2030
CANADA
TABLE 26: Canada Recent Past, Current & Future Analysis for Insulation Monitoring Devices by Application - Power Utilities, Manufacturing & Production, Mining, Healthcare, Transportation and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 27: Canada Historic Review for Insulation Monitoring Devices by Application - Power Utilities, Manufacturing & Production, Mining, Healthcare, Transportation and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
TABLE 28: Canada 16-Year Perspective for Insulation Monitoring Devices by Application - Percentage Breakdown of Value Sales for Power Utilities, Manufacturing & Production, Mining, Healthcare, Transportation and Other Applications for the Years 2014, 2024 & 2030
JAPAN
Insulation Monitoring Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
TABLE 29: Japan Recent Past, Current & Future Analysis for Insulation Monitoring Devices by Application - Power Utilities, Manufacturing & Production, Mining, Healthcare, Transportation and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 30: Japan Historic Review for Insulation Monitoring Devices by Application - Power Utilities, Manufacturing & Production, Mining, Healthcare, Transportation and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
TABLE 31: Japan 16-Year Perspective for Insulation Monitoring Devices by Application - Percentage Breakdown of Value Sales for Power Utilities, Manufacturing & Production, Mining, Healthcare, Transportation and Other Applications for the Years 2014, 2024 & 2030
CHINA
Insulation Monitoring Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
TABLE 32: China Recent Past, Current & Future Analysis for Insulation Monitoring Devices by Application - Power Utilities, Manufacturing & Production, Mining, Healthcare, Transportation and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 33: China Historic Review for Insulation Monitoring Devices by Application - Power Utilities, Manufacturing & Production, Mining, Healthcare, Transportation and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
TABLE 34: China 16-Year Perspective for Insulation Monitoring Devices by Application - Percentage Breakdown of Value Sales for Power Utilities, Manufacturing & Production, Mining, Healthcare, Transportation and Other Applications for the Years 2014, 2024 & 2030
EUROPE
Insulation Monitoring Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
TABLE 35: Europe Recent Past, Current & Future Analysis for Insulation Monitoring Devices by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
TABLE 36: Europe Historic Review for Insulation Monitoring Devices by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
TABLE 37: Europe 16-Year Perspective for Insulation Monitoring Devices by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2014, 2024 & 2030
TABLE 38: Europe Recent Past, Current & Future Analysis for Insulation Monitoring Devices by Application - Power Utilities, Manufacturing & Production, Mining, Healthcare, Transportation and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 39: Europe Historic Review for Insulation Monitoring Devices by Application - Power Utilities, Manufacturing & Production, Mining, Healthcare, Transportation and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
TABLE 40: Europe 16-Year Perspective for Insulation Monitoring Devices by Application - Percentage Breakdown of Value Sales for Power Utilities, Manufacturing & Production, Mining, Healthcare, Transportation and Other Applications for the Years 2014, 2024 & 2030
FRANCE
Insulation Monitoring Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
TABLE 41: France Recent Past, Current & Future Analysis for Insulation Monitoring Devices by Application - Power Utilities, Manufacturing & Production, Mining, Healthcare, Transportation and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 42: France Historic Review for Insulation Monitoring Devices by Application - Power Utilities, Manufacturing & Production, Mining, Healthcare, Transportation and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
TABLE 43: France 16-Year Perspective for Insulation Monitoring Devices by Application - Percentage Breakdown of Value Sales for Power Utilities, Manufacturing & Production, Mining, Healthcare, Transportation and Other Applications for the Years 2014, 2024 & 2030
GERMANY
Insulation Monitoring Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
TABLE 44: Germany Recent Past, Current & Future Analysis for Insulation Monitoring Devices by Application - Power Utilities, Manufacturing & Production, Mining, Healthcare, Transportation and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 45: Germany Historic Review for Insulation Monitoring Devices by Application - Power Utilities, Manufacturing & Production, Mining, Healthcare, Transportation and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
TABLE 46: Germany 16-Year Perspective for Insulation Monitoring Devices by Application - Percentage Breakdown of Value Sales for Power Utilities, Manufacturing & Production, Mining, Healthcare, Transportation and Other Applications for the Years 2014, 2024 & 2030
ITALY
TABLE 47: Italy Recent Past, Current & Future Analysis for Insulation Monitoring Devices by Application - Power Utilities, Manufacturing & Production, Mining, Healthcare, Transportation and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 48: Italy Historic Review for Insulation Monitoring Devices by Application - Power Utilities, Manufacturing & Production, Mining, Healthcare, Transportation and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
TABLE 49: Italy 16-Year Perspective for Insulation Monitoring Devices by Application - Percentage Breakdown of Value Sales for Power Utilities, Manufacturing & Production, Mining, Healthcare, Transportation and Other Applications for the Years 2014, 2024 & 2030
UNITED KINGDOM
Insulation Monitoring Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
TABLE 50: UK Recent Past, Current & Future Analysis for Insulation Monitoring Devices by Application - Power Utilities, Manufacturing & Production, Mining, Healthcare, Transportation and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 51: UK Historic Review for Insulation Monitoring Devices by Application - Power Utilities, Manufacturing & Production, Mining, Healthcare, Transportation and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
TABLE 52: UK 16-Year Perspective for Insulation Monitoring Devices by Application - Percentage Breakdown of Value Sales for Power Utilities, Manufacturing & Production, Mining, Healthcare, Transportation and Other Applications for the Years 2014, 2024 & 2030
REST OF EUROPE
TABLE 53: Rest of Europe Recent Past, Current & Future Analysis for Insulation Monitoring Devices by Application - Power Utilities, Manufacturing & Production, Mining, Healthcare, Transportation and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 54: Rest of Europe Historic Review for Insulation Monitoring Devices by Application - Power Utilities, Manufacturing & Production, Mining, Healthcare, Transportation and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
TABLE 55: Rest of Europe 16-Year Perspective for Insulation Monitoring Devices by Application - Percentage Breakdown of Value Sales for Power Utilities, Manufacturing & Production, Mining, Healthcare, Transportation and Other Applications for the Years 2014, 2024 & 2030
ASIA-PACIFIC
Insulation Monitoring Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
TABLE 56: Asia-Pacific Recent Past, Current & Future Analysis for Insulation Monitoring Devices by Application - Power Utilities, Manufacturing & Production, Mining, Healthcare, Transportation and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 57: Asia-Pacific Historic Review for Insulation Monitoring Devices by Application - Power Utilities, Manufacturing & Production, Mining, Healthcare, Transportation and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
TABLE 58: Asia-Pacific 16-Year Perspective for Insulation Monitoring Devices by Application - Percentage Breakdown of Value Sales for Power Utilities, Manufacturing & Production, Mining, Healthcare, Transportation and Other Applications for the Years 2014, 2024 & 2030
REST OF WORLD
TABLE 59: Rest of World Recent Past, Current & Future Analysis for Insulation Monitoring Devices by Application - Power Utilities, Manufacturing & Production, Mining, Healthcare, Transportation and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 60: Rest of World Historic Review for Insulation Monitoring Devices by Application - Power Utilities, Manufacturing & Production, Mining, Healthcare, Transportation and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
TABLE 61: Rest of World 16-Year Perspective for Insulation Monitoring Devices by Application - Percentage Breakdown of Value Sales for Power Utilities, Manufacturing & Production, Mining, Healthcare, Transportation and Other Applications for the Years 2014, 2024 & 2030