Sequence Of Events Recorder Market
PUBLISHED: 2023 ID: SMRC22490
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Sequence Of Events Recorder Market

Sequence Of Events Recorder Market Forecasts to 2028 - Global Analysis By Mount Type (Rail Mounted, Rack Mounted and Other Mount Types), End User (Power Generation, Manufacturing, Data Centers and Other End Users) and By Geography

4.8 (23 reviews)
4.8 (23 reviews)
Published: 2023 ID: SMRC22490

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $24.58 MN

Projected Year Value (2028)

US 40.39 MN

CAGR (2022 - 2028)

8.62%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Sequence of Events Recorder Market is accounted for $24.58 million in 2022 and is expected to reach $40.39 million by 2028 growing at a CAGR of 8.62% during the forecast period. The Sequence of Events Recorder is a sophisticated surveillance device used to record the sequence of events that occur during an experiment. It monitors the status of the plant from the operator to the executive level. It successfully tracks all events without skipping any and protects against coercion. It is a vital part of electrical power monitoring systems for critical power applications which include hospitals, data centers and microgrids. It detects the status of up to 32 high-speed input channels and records a time-stamped event for each state change. It provides several benefits such as cost effectiveness, high-speed response, easy installation, event filtering, precision time reference and quick defects recognition.

According to the press release by Mckinsey, the data center traffic is expected to double every two years. Companies such as Microsoft, Amazon, Alphabet, Apple and Facebook account for a combined share of 70% of the total expenditure on data center projects.



Market Dynamics:

Driver:

Increasing demand for energy resources

The demand for energy resources are rising drastically with the constant increase in the global population and industrialization. The power sector is contributing the global energy demand due to huge electricity consumption. Capital investments are growing to replace the aging power plants. Sequence of events recorder ensures uninterrupted power supply and identifies anomalies for early rectification. It quickly identifies the root cause and effectively monitors the facilities which are further fuelling the market growth.

Restraint:

Easy availability of substitutes

There are numerous equipment for measuring and controlling the power supply chain. These substitute equipments can monitor the power quality and cost allocations. They can also be used for controlling and automating power supplies. These alternatives include programmable logic controllers (PLC), input and output modules, protective relays and so on. All these availabilities in the market are hindering the market growth.

Opportunity:

Rising investments for data center infrastructure

Data center traffic is doubling for every two years as the population using them is increasing rapidly. Data centers are facing continuous pressure by rise in volumes of data. Several leading organizations are investing in data centers for handling complex operations as they require power systems that are compact and efficient. This increased the demand for explicitly scalable data center architectures. All these factors are anticipated to witness the huge market growth.

Threat:

Lack of awareness

Consumers are mostly acquiring the alternate equipments such as input or output modules, protective relays and PLC which performs the function of monitoring power equipment. Sequence of events recorder is a niche device which is completely automatic and upgraded. Consumers are unaware of its advantages such as cost effectiveness, easy installation, time saving and high accuracy. Without any clear knowledge they are opting its substitutes which are hampering the market growth.

Covid-19 Impact

COVID-19 is an unparalleled global public health emergency that affected almost every industry in the long-term. The impacts are reflected on the growth of various industries. The global sequence of events recorder market got affected by the high inflation in developed economies worldwide and resulted in an overall price surge. This resulted in the cost-push and demand-pull inflation due to reducing its demand/supply, cash flow and currency exchange.

The rack mounted segment is expected to be the largest during the forecast period

The rack mounted segment is estimated to have a lucrative growth, due to its improved airflow and efficiency. The rack-mounted sequence of events recorder is housed in metal frameworks. It comprises multiple bays and each bay is designed to hold a unit of equipment. The equipment unit is mounted and secured within racks. It enables improved tracking down of issues and they are easy to update. Its features such as space saving, time saving, effective maintenance and reduced airflow obstructions are driving the segment growth.

The power generation segment is expected to have the highest CAGR during the forecast period

The power generation segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its flexibility, stability and reliability. The power generation sector incorporates numerous transformers, feeders and bus bars to ensure uninterrupted power supply to the end users. It comprises transmission, distribution and power generation and monitors plant status from operator to managerial level. It records the events and guards against manipulation which is indeed fuelling the segment growth.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to rising demand for data centers. This region has numerous data centers due to the increasing penetration of the internet. It consists the leading providers of data center power solutions. Increased investments in healthcare, manufacturing, BFSI, retail and telecommunications verticals have resulted in development and economic growth in this region. Factors such as cloud computing, growing economy and ongoing infrastructure development projects are fuelling the region’s market share.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to growing economy and ongoing infrastructure development projects. The construction of data centers in this region is comparatively higher than other regions in the world. The implementation of 5G has anticipated partnering with service providers to establish edge data centers. The spread of internet enabled devices and increasing demand for data centers in this region are driving its market growth.



Key players in the market

Some of the key players profiled in the Sequence of Events Recorder Market include ABB, Delphin Technology, Chino Corporation, Emerson, Cyber Sciences, Eaton, E-Max Instruments, General Electric, Etap, Mitsubishi Electric, Rockwell Automation, Ronan Engineering Company, Schneider Electric, Schweitzer Engineering Laboratories, Yokogawa Electric Corporation, Qualitrol Corporation, Pacific Microsystems, Monaghan Engineering and Ametek.

Key Developments:

In March 2022, Emerson has released Feature Pack 3 for the DeltaV™ Distributed Control System (DCS) to improve process control with added functionality, improved operations and engineering experience. Feature Pack 3 adds support for DeltaV Spectral Process Analytical Technology (PAT). DeltaV Spectral PAT connects spectral analyzers directly to the control system to simplify continuous, closed-loop process verification and control for automated real-time quality release.

In February 2022, ABB India has launched a new series of electrical measuring and power monitoring meters for the digital panel meter. These smart solutions in metering and energy monitoring enable users to make better choices to monitor their power consumption. The newly introduced M1M11, M1M DS, M1M 20B and M1M 30B cover the main sub metering easily and cost-effectively by powering quality monitoring requirements.

In August 2020, Mitsubishi Electric launched a series of collaborative robots called MELFA ASSISTA in India. MELFA ASSISTA can work together with humans, keeping safety features such as collision detection a priority and complying strictly with the international safety and robotic standards ISO 10218-1 and ISO/TS15066.

Mount Types Covered:
• Rail Mounted
• Rack Mounted
• Other Mount Types

End Users Covered:
• Power Generation
• Manufacturing
• Data Centers
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
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 2020, 2021, 2022, 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

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Sequence Of Events Recorder Market, By Mount Type
5.1 Introduction
5.2 Rail Mounted
5.3 Rack Mounted
5.4 Other Mount Types

6 Global Sequence Of Events Recorder Market, By End User
6.1 Introduction
6.2 Power Generation
6.3 Manufacturing
6.4 Data Centers
6.5 Other End Users

7 Global Sequence Of Events Recorder Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa

8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies

9 Company Profiling
9.1 ABB
9.2 Delphin Technology
9.3 Chino Corporation
9.4 Emerson
9.5 Cyber Sciences
9.6 Eaton
9.7 E-Max Instruments
9.8 General Electric
9.9 Etap
9.10 Mitsubishi Electric
9.11 Rockwell Automation
9.12 Ronan Engineering Company
9.13 Schneider Electric
9.14 Schweitzer Engineering Laboratories
9.15 Yokogawa Electric Corporation
9.16 Qualitrol Corporation
9.17 Pacific Microsystems
9.18 Monaghan Engineering
9.19 Ametek

List of Tables
1 Global Sequence Of Events Recorder Market Outlook, By Region (2020-2028) ($MN)
2 Global Sequence Of Events Recorder Market Outlook, By Mount Type (2020-2028) ($MN)
3 Global Sequence Of Events Recorder Market Outlook, By Rail Mounted (2020-2028) ($MN)
4 Global Sequence Of Events Recorder Market Outlook, By Rack Mounted (2020-2028) ($MN)
5 Global Sequence Of Events Recorder Market Outlook, By Other Mount Types (2020-2028) ($MN)
6 Global Sequence Of Events Recorder Market Outlook, By End User (2020-2028) ($MN)
7 Global Sequence Of Events Recorder Market Outlook, By Power Generation (2020-2028) ($MN)
8 Global Sequence Of Events Recorder Market Outlook, By Manufacturing (2020-2028) ($MN)
9 Global Sequence Of Events Recorder Market Outlook, By Data Centers (2020-2028) ($MN)
10 Global Sequence Of Events Recorder Market Outlook, By Other End Users (2020-2028) ($MN)
11 North America Sequence Of Events Recorder Market Outlook, By Country (2020-2028) ($MN)
12 North America Sequence Of Events Recorder Market Outlook, By Mount Type (2020-2028) ($MN)
13 North America Sequence Of Events Recorder Market Outlook, By Rail Mounted (2020-2028) ($MN)
14 North America Sequence Of Events Recorder Market Outlook, By Rack Mounted (2020-2028) ($MN)
15 North America Sequence Of Events Recorder Market Outlook, By Other Mount Types (2020-2028) ($MN)
16 North America Sequence Of Events Recorder Market Outlook, By End User (2020-2028) ($MN)
17 North America Sequence Of Events Recorder Market Outlook, By Power Generation (2020-2028) ($MN)
18 North America Sequence Of Events Recorder Market Outlook, By Manufacturing (2020-2028) ($MN)
19 North America Sequence Of Events Recorder Market Outlook, By Data Centers (2020-2028) ($MN)
20 North America Sequence Of Events Recorder Market Outlook, By Other End Users (2020-2028) ($MN)
21 Europe Sequence Of Events Recorder Market Outlook, By Country (2020-2028) ($MN)
22 Europe Sequence Of Events Recorder Market Outlook, By Mount Type (2020-2028) ($MN)
23 Europe Sequence Of Events Recorder Market Outlook, By Rail Mounted (2020-2028) ($MN)
24 Europe Sequence Of Events Recorder Market Outlook, By Rack Mounted (2020-2028) ($MN)
25 Europe Sequence Of Events Recorder Market Outlook, By Other Mount Types (2020-2028) ($MN)
26 Europe Sequence Of Events Recorder Market Outlook, By End User (2020-2028) ($MN)
27 Europe Sequence Of Events Recorder Market Outlook, By Power Generation (2020-2028) ($MN)
28 Europe Sequence Of Events Recorder Market Outlook, By Manufacturing (2020-2028) ($MN)
29 Europe Sequence Of Events Recorder Market Outlook, By Data Centers (2020-2028) ($MN)
30 Europe Sequence Of Events Recorder Market Outlook, By Other End Users (2020-2028) ($MN)
31 Asia Pacific Sequence Of Events Recorder Market Outlook, By Country (2020-2028) ($MN)
32 Asia Pacific Sequence Of Events Recorder Market Outlook, By Mount Type (2020-2028) ($MN)
33 Asia Pacific Sequence Of Events Recorder Market Outlook, By Rail Mounted (2020-2028) ($MN)
34 Asia Pacific Sequence Of Events Recorder Market Outlook, By Rack Mounted (2020-2028) ($MN)
35 Asia Pacific Sequence Of Events Recorder Market Outlook, By Other Mount Types (2020-2028) ($MN)
36 Asia Pacific Sequence Of Events Recorder Market Outlook, By End User (2020-2028) ($MN)
37 Asia Pacific Sequence Of Events Recorder Market Outlook, By Power Generation (2020-2028) ($MN)
38 Asia Pacific Sequence Of Events Recorder Market Outlook, By Manufacturing (2020-2028) ($MN)
39 Asia Pacific Sequence Of Events Recorder Market Outlook, By Data Centers (2020-2028) ($MN)
40 Asia Pacific Sequence Of Events Recorder Market Outlook, By Other End Users (2020-2028) ($MN)
41 South America Sequence Of Events Recorder Market Outlook, By Country (2020-2028) ($MN)
42 South America Sequence Of Events Recorder Market Outlook, By Mount Type (2020-2028) ($MN)
43 South America Sequence Of Events Recorder Market Outlook, By Rail Mounted (2020-2028) ($MN)
44 South America Sequence Of Events Recorder Market Outlook, By Rack Mounted (2020-2028) ($MN)
45 South America Sequence Of Events Recorder Market Outlook, By Other Mount Types (2020-2028) ($MN)
46 South America Sequence Of Events Recorder Market Outlook, By End User (2020-2028) ($MN)
47 South America Sequence Of Events Recorder Market Outlook, By Power Generation (2020-2028) ($MN)
48 South America Sequence Of Events Recorder Market Outlook, By Manufacturing (2020-2028) ($MN)
49 South America Sequence Of Events Recorder Market Outlook, By Data Centers (2020-2028) ($MN)
50 South America Sequence Of Events Recorder Market Outlook, By Other End Users (2020-2028) ($MN)
51 Middle East & Africa Sequence Of Events Recorder Market Outlook, By Country (2020-2028) ($MN)
52 Middle East & Africa Sequence Of Events Recorder Market Outlook, By Mount Type (2020-2028) ($MN)
53 Middle East & Africa Sequence Of Events Recorder Market Outlook, By Rail Mounted (2020-2028) ($MN)
54 Middle East & Africa Sequence Of Events Recorder Market Outlook, By Rack Mounted (2020-2028) ($MN)
55 Middle East & Africa Sequence Of Events Recorder Market Outlook, By Other Mount Types (2020-2028) ($MN)
56 Middle East & Africa Sequence Of Events Recorder Market Outlook, By End User (2020-2028) ($MN)
57 Middle East & Africa Sequence Of Events Recorder Market Outlook, By Power Generation (2020-2028) ($MN)
58 Middle East & Africa Sequence Of Events Recorder Market Outlook, By Manufacturing (2020-2028) ($MN)
59 Middle East & Africa Sequence Of Events Recorder Market Outlook, By Data Centers (2020-2028) ($MN)
60 Middle East & Africa Sequence Of Events Recorder Market Outlook, By Other End Users (2020-2028) ($MN)
 

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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