Sequence of Events Recorder Market Forecasts to 2028 – Global Analysis By Mount Type (Rack Mounted, Rail Mounted), End User (Data Centers, Hospitals, Laboratories, Manufacturing, Petrochemicals, others) and By Geography
According to Stratistics MRC, the Global Sequence of Events Recorder Market is accounted for $21.61 million in 2020 and is expected to reach $34.96 million by 2028 growing at a CAGR of 6.2% during the forecast period. Growing focus on effective use of power resources, rising investments in data center infrastructures, and increasing emphasis on reducing industrial downtime and global energy costs are the major factors propelling the market growth. However, easy availability of substitutes and lack of awareness among end users are hampering the market growth.
A sequence of events recorder (SER) is an intelligent standalone microprocessor based system, which monitors external inputs and records the time and sequence of the changes. Sequence of events recorders usually has an external time source such as a GPS or radio clock. When wired inputs change state, the time and state of each change is recorded. SERs enable rapid root cause analysis after multiple events have occurred due to the secure recording of the sequence of events in the order of occurrence. SERs are therefore utilized as a diagnostic tool to minimize plant downtime. SERs are often interfaced with a SCADA system, distributed control system (DCS), or programmable logic controller (PLC).
Based on end user, the power generation segment is going to have a lucrative growth during the forecast period owing to the rising inclination for large number of transformers, feeders, busbars, and several other assets to ensure an uninterrupted power supply to end users. A power system is expected to carry out power generation, transmission, and distribution functions. Thus, power plants, transformers, transmission lines, substations, distribution lines, and distribution transformers are required to ensure the smooth conduct of these functions. It is essential to monitor these functions for flexibility, reliability, and stability of power supply systems. The sequence of events recorders can be used for monitoring the status of plants from the operator level to the managerial level.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the increasing penetration of the internet and cloud computing, growing economy, and ongoing infrastructure development projects. Countries such as Australia and China are witnessing increased investments in BFSI, retail, healthcare, manufacturing, and telecommunications verticals that have resulted in the development and economic growth in the Asia Pacific. The spread of internet-enabled devices is expected to continue increasing the demand for data centers in this region, thereby fuelling the growth of the sequence of events recorder market in the Asia Pacific.
Some of the key players profiled in the Sequence of Events Recorder Market include AMETEK, ABB, Chino Corporation, Cyber Sciences, Delphin Technology, Eaton, E-MAX Instruments, Emerson, Etap, General Electric, Mitsubishi Electric, Pacific Microsystems, Qualitrol Corp, Rockwell Automation, Ronan Engineering Company, Schneider Electric, Schweitzer Engineering Laboratories, and Yokogawa Electric Corporation.
Estimated Market Size in 2020:
USD 21.61 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 34.96 million
Tables, Graphs& Figures
Mount Type, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
Mount Types Covered:
• Rack Mounted
• Rail Mounted
End Users Covered:
• Data Centers
• Pharmaceutical Industries
• Power Generation
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Key Questions Answered In The Report
The Global Sequence of Events Recorder Market is majorly driven by the ongoing efforts to reduce downtime and energy costs in different industries and growing focus on the effective usage of power resources.
The power generation segment is growing at a highest CAGR owing to the growing inclination for large number of transformers, feeders, busbars, and several other assets to ensure an uninterrupted power supply to end user.
Asia Pacific dominated with a significant market share due to the factors such as rising penetration of the internet and cloud computing, growing economy, and ongoing infrastructure development projects across the region.
Middle East & Africa market is growing at a highest CAGR owing to the growing inclination because of the cost benefits compared with available alternatives in the region.
Key players in Sequence of Events Recorder Market include AMETEK, ABB, Chino Corporation, Cyber Sciences, Delphin Technology, Eaton, E-MAX Instruments, Emerson, Etap, General Electric, Mitsubishi Electric, Pacific Microsystems, Qualitrol Corp, Rockwell Automation, Ronan Engineering Company, Schneider Electric, Schweitzer Engineering Laboratories, and Yokogawa Electric Corporation.
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