Residual Current Monitoring System Market Residual Current Monitoring System Market | страница 2

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The residual current monitoring system market is broadly categorized into three major segments based on the
application type such as power generation sector, mining industry and automotive sector. Power generation
segment is growing rapidly in the market with substantial revenue generation in the last few years. Growing
popularity of residual current monitoring system in power generation segment is attributed to the limiting
downtime and reducing of fault occurrence.
The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America
has shown major growth in recent years owing to the rise in implementation of latest technologies in power
generation sector, surge in number of research & development activities in the region and existence of well-
established industrial infrastructure. In European region, Germany, France, and United Kingdom are projected
to witness steady growth due the growing concerns regarding fire breakouts and growing implementation of
regulatory compliance.
Asia-Pacific region is estimated to hold a major share in the residual current monitoring system industry with
massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific
market with strong economic growth, favorable government policies regarding use of residual current monitor,
technological advancement in power generation sector, rising awareness level among industry participants and
significant investment by leading industry players considering potential growth opportunities in the region. The
key players in the residual current monitoring system market are ABB Group, Bender, Janitza electronics,
Phoenix Contact LLC, Schneider Electric SE, and Siemens AG.
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