PUBLISHER: KBV Research | PRODUCT CODE: 1534581
PUBLISHER: KBV Research | PRODUCT CODE: 1534581
Asia Pacific Insulation Monitoring Systems Market Size, Share & Trends Analysis Report By Type, By Vertical (Power Utilities, Mining, Manufacturing & Production, Transportation, Healthcare, and Others), By Country and Growth Forecast, 2024 - 2031
The Asia Pacific Insulation Monitoring Systems Market would witness market growth of 5.9% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Insulation Monitoring Systems Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $82.1 million by 2031. The Japan market is registering a CAGR of 5.2% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 6.6% during (2024 - 2031).
Technological advancements are significantly contributing to the expansion of this market. These advancements, particularly in smart monitoring technologies, integration of Internet of Things (IoT) capabilities, and development of advanced data analytics tools, enhance these systems functionality and effectiveness. As a result, these systems are becoming more accessible, reliable, and efficient, driving their adoption across various industries.
One of the most transformative advancements is the integration of IoT capabilities into insulation monitoring systems. IoT-enabled systems can provide real-time data on the condition of electrical insulation, allowing for continuous monitoring and immediate response to potential issues. For example, in large industrial facilities, IoT-enabled systems can track the insulation resistance of critical machinery and equipment. This real-time monitoring allows maintenance teams to detect and address insulation degradation before it leads to equipment failure or operational downtime.
There has been an increase in the demand for these systems in Japan as a result of the steps taken by the country to reinvigorate its power utilities industry and boost the share of renewable energy in its energy balance. A goal has been created by the Ministry of Economy, Trade, and Industry (METI) to increase the amount of renewable energy to 36-38% by the year 2030. Likewise, the Australian Government has a target of 82% renewable electricity nationally by 2030. These moves aiming to increase the proportion of renewable energy will require significant upgrades to the electrical infrastructure to accommodate the increasing share of renewables. These systems are essential for ensuring the reliability and safety of the grid, preventing faults, and maintaining continuous power supply as the energy mix diversifies. Thus, the Asia Pacific region is witnessing robust growth in this market.
Based on Type, the market is segmented into 1 Phase Insulation Monitoring Device, 3 Phase Insulation Monitoring Device, and DC Insulation Monitoring Device. Based on Vertical, the market is segmented into Power Utilities, Mining, Manufacturing & Production, Transportation, Healthcare, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
- ABB Group
- Omron Corporation
- Schneider Electric SE
- HELLA GmbH & Co. KGaA
- Sensata Technologies Holdings PLC
- Texas Instruments, Inc.
- Eaton Corporation plc
- SOCOMEC Group S.A.
- Legrand S.A. (Legrand Group)
- HAKEL spol. s r.o.
Asia Pacific Insulation Monitoring Systems Market Report Segmentation
By Type
- 1 Phase Insulation Monitoring Device
- 3 Phase Insulation Monitoring Device
- DC Insulation Monitoring Device
By Vertical
- Power Utilities
- Mining
- Manufacturing & Production
- Transportation
- Healthcare
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Asia Pacific Insulation Monitoring Systems Market, by Type
- 1.4.2 Asia Pacific Insulation Monitoring Systems Market, by Vertical
- 1.4.3 Asia Pacific Insulation Monitoring Systems Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
- 4.1 Market Share Analysis, 2023
- 4.2 Strategies Deployed in Insulation Monitoring Systems Market.
- 4.3 Porter Five Forces Analysis
Chapter 5. Asia Pacific Insulation Monitoring Systems Market by Type
- 5.1 Asia Pacific 1 Phase Insulation Monitoring Device Market by Country
- 5.2 Asia Pacific 3 Phase Insulation Monitoring Device Market by Country
- 5.3 Asia Pacific DC Insulation Monitoring Device Market by Country
Chapter 6. Asia Pacific Insulation Monitoring Systems Market by Vertical
- 6.1 Asia Pacific Power Utilities Market by Country
- 6.2 Asia Pacific Mining Market by Country
- 6.3 Asia Pacific Manufacturing & Production Market by Country
- 6.4 Asia Pacific Transportation Market by Country
- 6.5 Asia Pacific Healthcare Market by Country
- 6.6 Asia Pacific Others Market by Country
Chapter 7. Asia Pacific Insulation Monitoring Systems Market by Country
- 7.1 China Insulation Monitoring Systems Market
- 7.1.1 China Insulation Monitoring Systems Market by Type
- 7.1.2 China Insulation Monitoring Systems Market by Vertical
- 7.2 Japan Insulation Monitoring Systems Market
- 7.2.1 Japan Insulation Monitoring Systems Market by Type
- 7.2.2 Japan Insulation Monitoring Systems Market by Vertical
- 7.3 India Insulation Monitoring Systems Market
- 7.3.1 India Insulation Monitoring Systems Market by Type
- 7.3.2 India Insulation Monitoring Systems Market by Vertical
- 7.4 South Korea Insulation Monitoring Systems Market
- 7.4.1 South Korea Insulation Monitoring Systems Market by Type
- 7.4.2 South Korea Insulation Monitoring Systems Market by Vertical
- 7.5 Singapore Insulation Monitoring Systems Market
- 7.5.1 Singapore Insulation Monitoring Systems Market by Type
- 7.5.2 Singapore Insulation Monitoring Systems Market by Vertical
- 7.6 Malaysia Insulation Monitoring Systems Market
- 7.6.1 Malaysia Insulation Monitoring Systems Market by Type
- 7.6.2 Malaysia Insulation Monitoring Systems Market by Vertical
- 7.7 Rest of Asia Pacific Insulation Monitoring Systems Market
- 7.7.1 Rest of Asia Pacific Insulation Monitoring Systems Market by Type
- 7.7.2 Rest of Asia Pacific Insulation Monitoring Systems Market by Vertical
Chapter 8. Company Profiles
- 8.1 ABB Group
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Segmental and Regional Analysis
- 8.1.4 Research & Development Expense
- 8.1.5 SWOT Analysis
- 8.2 Omron Corporation
- 8.2.1 Company Overview
- 8.2.2 Financial Analysis
- 8.2.3 Segmental and Regional Analysis
- 8.2.4 Research & Development Expenses
- 8.2.5 Recent strategies and developments:
- 8.2.5.1 Product Launches and Product Expansions:
- 8.2.6 SWOT Analysis
- 8.3 Schneider Electric SE
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Segmental and Regional Analysis
- 8.3.4 Research & Development Expense
- 8.3.5 Recent strategies and developments:
- 8.3.5.1 Partnerships, Collaborations, and Agreements:
- 8.3.5.2 Product Launches and Product Expansions:
- 8.3.6 SWOT Analysis
- 8.4 HELLA GmbH & Co. KGaA (FORVIA S.E.)
- 8.4.1 Company Overview
- 8.4.2 Financial Analysis
- 8.4.3 Segmental and Regional Analysis
- 8.4.4 Research & Development Expenses
- 8.4.5 SWOT Analysis
- 8.5 Sensata Technologies Holdings PLC
- 8.5.1 Company Overview
- 8.5.2 Financial Analysis
- 8.5.3 Segmental and Regional Analysis
- 8.5.4 Research & Development Expense
- 8.5.5 Recent strategies and developments:
- 8.5.5.1 Product Launches and Product Expansions:
- 8.5.6 SWOT Analysis
- 8.6 Texas Instruments, Inc.
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Segmental and Regional Analysis
- 8.6.4 Research & Development Expense
- 8.6.5 Recent strategies and developments:
- 8.6.5.1 Product Launches and Product Expansions:
- 8.6.6 SWOT Analysis
- 8.7 Legrand S.A. (Legrand Group)
- 8.7.1 Company Overview
- 8.7.2 Financial Analysis
- 8.7.3 Segmental and Regional Analysis
- 8.7.4 Research & Development Expense
- 8.7.5 SWOT Analysis
- 8.8 Eaton Corporation PLC
- 8.8.1 Company Overview
- 8.8.2 Financial Analysis
- 8.8.3 Segmental and Regional Analysis
- 8.8.4 Research & Development Expense
- 8.8.5 SWOT Analysis
- 8.9 SOCOMEC Group S.A.
- 8.9.1 Company Overview
- 8.10. HAKEL spol. s r.o.
- 8.10.1 Company Overview
LIST OF TABLES
- TABLE 1 Asia Pacific Insulation Monitoring Systems Market, 2020 - 2023, USD Million
- TABLE 2 Asia Pacific Insulation Monitoring Systems Market, 2024 - 2031, USD Million
- TABLE 3 Asia Pacific Insulation Monitoring Systems Market by Type, 2020 - 2023, USD Million
- TABLE 4 Asia Pacific Insulation Monitoring Systems Market by Type, 2024 - 2031, USD Million
- TABLE 5 Asia Pacific 1 Phase Insulation Monitoring Device Market by Country, 2020 - 2023, USD Million
- TABLE 6 Asia Pacific 1 Phase Insulation Monitoring Device Market by Country, 2024 - 2031, USD Million
- TABLE 7 Asia Pacific 3 Phase Insulation Monitoring Device Market by Country, 2020 - 2023, USD Million
- TABLE 8 Asia Pacific 3 Phase Insulation Monitoring Device Market by Country, 2024 - 2031, USD Million
- TABLE 9 Asia Pacific DC Insulation Monitoring Device Market by Country, 2020 - 2023, USD Million
- TABLE 10 Asia Pacific DC Insulation Monitoring Device Market by Country, 2024 - 2031, USD Million
- TABLE 11 Asia Pacific Insulation Monitoring Systems Market by Vertical, 2020 - 2023, USD Million
- TABLE 12 Asia Pacific Insulation Monitoring Systems Market by Vertical, 2024 - 2031, USD Million
- TABLE 13 Asia Pacific Power Utilities Market by Country, 2020 - 2023, USD Million
- TABLE 14 Asia Pacific Power Utilities Market by Country, 2024 - 2031, USD Million
- TABLE 15 Asia Pacific Mining Market by Country, 2020 - 2023, USD Million
- TABLE 16 Asia Pacific Mining Market by Country, 2024 - 2031, USD Million
- TABLE 17 Asia Pacific Manufacturing & Production Market by Country, 2020 - 2023, USD Million
- TABLE 18 Asia Pacific Manufacturing & Production Market by Country, 2024 - 2031, USD Million
- TABLE 19 Asia Pacific Transportation Market by Country, 2020 - 2023, USD Million
- TABLE 20 Asia Pacific Transportation Market by Country, 2024 - 2031, USD Million
- TABLE 21 Asia Pacific Healthcare Market by Country, 2020 - 2023, USD Million
- TABLE 22 Asia Pacific Healthcare Market by Country, 2024 - 2031, USD Million
- TABLE 23 Asia Pacific Others Market by Country, 2020 - 2023, USD Million
- TABLE 24 Asia Pacific Others Market by Country, 2024 - 2031, USD Million
- TABLE 25 Asia Pacific Insulation Monitoring Systems Market by Country, 2020 - 2023, USD Million
- TABLE 26 Asia Pacific Insulation Monitoring Systems Market by Country, 2024 - 2031, USD Million
- TABLE 27 China Insulation Monitoring Systems Market, 2020 - 2023, USD Million
- TABLE 28 China Insulation Monitoring Systems Market, 2024 - 2031, USD Million
- TABLE 29 China Insulation Monitoring Systems Market by Type, 2020 - 2023, USD Million
- TABLE 30 China Insulation Monitoring Systems Market by Type, 2024 - 2031, USD Million
- TABLE 31 China Insulation Monitoring Systems Market by Vertical, 2020 - 2023, USD Million
- TABLE 32 China Insulation Monitoring Systems Market by Vertical, 2024 - 2031, USD Million
- TABLE 33 Japan Insulation Monitoring Systems Market, 2020 - 2023, USD Million
- TABLE 34 Japan Insulation Monitoring Systems Market, 2024 - 2031, USD Million
- TABLE 35 Japan Insulation Monitoring Systems Market by Type, 2020 - 2023, USD Million
- TABLE 36 Japan Insulation Monitoring Systems Market by Type, 2024 - 2031, USD Million
- TABLE 37 Japan Insulation Monitoring Systems Market by Vertical, 2020 - 2023, USD Million
- TABLE 38 Japan Insulation Monitoring Systems Market by Vertical, 2024 - 2031, USD Million
- TABLE 39 India Insulation Monitoring Systems Market, 2020 - 2023, USD Million
- TABLE 40 India Insulation Monitoring Systems Market, 2024 - 2031, USD Million
- TABLE 41 India Insulation Monitoring Systems Market by Type, 2020 - 2023, USD Million
- TABLE 42 India Insulation Monitoring Systems Market by Type, 2024 - 2031, USD Million
- TABLE 43 India Insulation Monitoring Systems Market by Vertical, 2020 - 2023, USD Million
- TABLE 44 India Insulation Monitoring Systems Market by Vertical, 2024 - 2031, USD Million
- TABLE 45 South Korea Insulation Monitoring Systems Market, 2020 - 2023, USD Million
- TABLE 46 South Korea Insulation Monitoring Systems Market, 2024 - 2031, USD Million
- TABLE 47 South Korea Insulation Monitoring Systems Market by Type, 2020 - 2023, USD Million
- TABLE 48 South Korea Insulation Monitoring Systems Market by Type, 2024 - 2031, USD Million
- TABLE 49 South Korea Insulation Monitoring Systems Market by Vertical, 2020 - 2023, USD Million
- TABLE 50 South Korea Insulation Monitoring Systems Market by Vertical, 2024 - 2031, USD Million
- TABLE 51 Singapore Insulation Monitoring Systems Market, 2020 - 2023, USD Million
- TABLE 52 Singapore Insulation Monitoring Systems Market, 2024 - 2031, USD Million
- TABLE 53 Singapore Insulation Monitoring Systems Market by Type, 2020 - 2023, USD Million
- TABLE 54 Singapore Insulation Monitoring Systems Market by Type, 2024 - 2031, USD Million
- TABLE 55 Singapore Insulation Monitoring Systems Market by Vertical, 2020 - 2023, USD Million
- TABLE 56 Singapore Insulation Monitoring Systems Market by Vertical, 2024 - 2031, USD Million
- TABLE 57 Malaysia Insulation Monitoring Systems Market, 2020 - 2023, USD Million
- TABLE 58 Malaysia Insulation Monitoring Systems Market, 2024 - 2031, USD Million
- TABLE 59 Malaysia Insulation Monitoring Systems Market by Type, 2020 - 2023, USD Million
- TABLE 60 Malaysia Insulation Monitoring Systems Market by Type, 2024 - 2031, USD Million
- TABLE 61 Malaysia Insulation Monitoring Systems Market by Vertical, 2020 - 2023, USD Million
- TABLE 62 Malaysia Insulation Monitoring Systems Market by Vertical, 2024 - 2031, USD Million
- TABLE 63 Rest of Asia Pacific Insulation Monitoring Systems Market, 2020 - 2023, USD Million
- TABLE 64 Rest of Asia Pacific Insulation Monitoring Systems Market, 2024 - 2031, USD Million
- TABLE 65 Rest of Asia Pacific Insulation Monitoring Systems Market by Type, 2020 - 2023, USD Million
- TABLE 66 Rest of Asia Pacific Insulation Monitoring Systems Market by Type, 2024 - 2031, USD Million
- TABLE 67 Rest of Asia Pacific Insulation Monitoring Systems Market by Vertical, 2020 - 2023, USD Million
- TABLE 68 Rest of Asia Pacific Insulation Monitoring Systems Market by Vertical, 2024 - 2031, USD Million
- TABLE 69 Key Information - ABB Group
- TABLE 70 Key Information - Omron Corporation
- TABLE 71 Key Information - Schneider Electric SE
- TABLE 72 key information - HELLA GmbH & Co. KGaA
- TABLE 73 Key Information - Sensata Technologies Holdings PLC
- TABLE 74 Key Information - Texas Instruments, Inc.
- TABLE 75 key Information - Legrand S.A.
- TABLE 76 Key Information - Eaton Corporation PLC
- TABLE 77 Key Information - SOCOMEC Group S.A.
- TABLE 78 Key Information - HAKEL spol. s r.o.
