Global Sequence of Events Recorder Market Size By Mount Type (Rack Mounted, Rail Mounted), By End-User (Data Centers, Power Generation), By Geographic Scope And Forecast

Sequence of Events Recorder Market Size And Forecast

Sequence of Events Recorder Market size was valued at USD 21.00 Million in 2022 and is projected to reach USD 35.48 Million by 2030, growing at a CAGR of 6.10% from 2023 to 2030.

The growing focus on effective utilization of power resources and reducing downtime and energy costs in several industries are major factors pushing the growth of the Sequence of Events Recorder Market. The Global Sequence of Events Recorder Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Sequence of Events Recorder Market Definition

The sequence of events systems is a vital part of electrical power monitoring systems for critical power applications, which include hospitals, data centers, and microgrids. These complex power networks are distinguished by multiple power sources and parallel paths to serve loads unlike the simpler radial systems found in commercial buildings. A single disturbance can launch a series of events in rapid progression.

The sequence of events recorder detects the status of up to 32 high-speed input channels and record a time-stamped event for each state change. Other devices of general purpose I/O, including meters, relays, and PLCs can provide SER features, regardless of hardware platform, various capabilities are needed for the sequence of events recording which include precision time reference; high-speed response by discrete inputs; event filtering; data logging to on-board non-volatile memory; network communications for access to event records including Ethernet, Modbus TCP unless any device meets all these criteria, it cannot be suitable for a sequence of events recording.

Global Sequence of Events Recorder Market Overview

The demand for energy resources is rising across the globe due to the constantly increasing population and rapid industrialization. According to the Energy Information Administration (EIA) study, the energy demand is mainly driven in countries, such as India, Argentina, Malaysia, Brazil, Singapore, South Africa, and Thailand, with major population growth and increasing economic development. The demand for energy in countries such as Germany, the UK, the US, the Czech Republic, Norway, and France, is anticipated to rise gradually in the coming years.

Increasing electricity consumption in the world is likely to contribute to the growth of the power sector. The energy sector is focusing on new capital investments which will help to replace aging power plants. New power generation capacity holds around 58 percent of the total investments in the power industry. Therefore, the increasing power consumption globally has led to the increased installation of the sequence of events recorder (SER) which ensures uninterrupted power supply. The Sequence of events recorder detects anomalies in electronic equipment which can help in the early rectification.

However, there are several types of equipment available which are alternatives to the sequence of events recorder. These substitutes can be utilized to monitor power quality and cost allocations, also they can be used for controlling and automating power supplies. Hence these can act as restraining factors that can hamper the growth of the market. Furthermore, with the rising volumes of data generation, it is expected to see rapid growth in data center infrastructures. It is anticipated to witness doubling data center traffic every two years.

Data centers needed power systems that are efficient and compact due to their proximity to the population. Rapidly growing usage of social media and the rising number of online gamers in the Asia Pacific region has further propelled the demand for explicitly scalable data center architectures to handle complex operations. Thus, an increasing amount of data generation is estimated to drive the demand for data centers, which in turn, is projected to propel the demand for the sequence of events recorder over the forecast period.

Global Sequence of Events Recorder Market Segmentation Analysis

The Global Sequence of Events Recorder Market is segmented on the basis of Mount Type, End-User, And Geography.

Sequence of Events Recorder Market, By Mount Type

• Rack Mounted
• Rail Mounted

Based on Mount Type, The market is segmented into Rack Mounted and Rail Mounted. The Rack-Mounted segment accounted for the largest share of the market in 2020. The rack-mounted sequence of events recorder is housed in metal frameworks, equipment racks comprise multiple bays, and each bay is designed to hold a unit of equipment which include test instruments, computer servers, sequence of events recorder, storage drives, telecommunication components, and electronics devices.

Sequence of Events Recorder Market, By End-User

• Data Centers
• Power Generation
• Manufacturing
• Others

Okay, so when we look at who's actually using these things (the "end-user"), the market breaks down into areas like Data Centers, Power Generation, Manufacturing, and a catch-all "Others" group. And get this, the power generation sector? They're expected to be the biggest users for the foreseeable future. Think about itthe power generation industry is huge, with tons of feeders, transformers, and all sorts of equipment needed to keep the lights on. A sequence of events recorder? It's super useful for keeping tabs on everything, from the control room all the way up to management. Plus, it captures every little thing that happens, so you know nobody's messing around with the data. That's why it's so important for figuring out how to make our power distribution systems better and more efficient.

Sequence of Events Recorder Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Geography, The Global Sequence of Events Recorder Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Asia Pacific region hold the major share of the Sequence of Events Recorder Market in 2020. Factors including rising penetration of the Internet and cloud computing, a growing economy, and an increase in infrastructure development projects are contributing to the growth of data centers in the region. This, in turn, is expected to propel the growth of the market in the Asia Pacific region.

Key Players

The “Global Sequence of Events Recorder Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are ABB, Chino Corporation, Delphin Technology, Cyber Sciences, E-Max Instruments, Emerson, Eaton, Etap, General Electric, and Mitsubishi Electric, among others. The competitive landscape section also contains an analysis of the above players’ global major development strategies, market share, and market position.

Key Developments

• In January 2021, Emerson announced the opening of its new facility in Brookfield, Connecticut for new Branson welding and assembly technologies. This facility supports ultrasonic metal welding, plastic joining, and ultrasonic cleaning technologies for the automotive, medical, textile, packaging, food and beverage, and electronics industries.
• In December 2020, Cyber Sciences entered into a partnership with ZI-ARGUS, with the vision to enhance its offering and plan+G24 to cater to the Australian and New Zealand markets.

Report Scope

Top Trending Reports

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

We dive deep into the market, looking at both the numbers and the softer side by breaking it down into different groups based on things like income and lifestyle. We'll give you the scoop on market size in USD Billion for each group. Find out which areas and groups are set to explode in growth and which ones rule the roost. We'll also break down how people are using the product/service in different regions, pointing out what's influencing the market in each place. Get the lowdown on the competition, including market rankings of the big players and the latest news on new stuff, partnerships, expansions, and acquisitions from the past five years. We've got detailed profiles of the key companies, offering overviews, insights, product comparisons, and even SWOT analyses. You'll get a glimpse into the current and future state of the market, with a focus on recent events, opportunities, what's driving growth, and the challenges facing both up-and-coming and established regions. Plus, we'll give you an in-depth look at the market from all angles using Porter's five forces. We also offer insights through the Value Chain and explore market dynamics, highlighting growth opportunities for the future. And to top it off, we'll provide 6 months of analyst support after your purchase.

Customization of the Report

• In case of any please connect with our sales team, who will ensure that your requirements are met.