Digital Fault Recorder Market
By Component;
Hardware [Dedicated and Multifunctional], Software and ServicesBy Technology;
High-Speed Disturbance Recording, Low-Speed Disturbance Recording and Steady-State RecordingBy Installation;
Generation, Transmission and DistributionBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Digital Fault Recorder Market Overview
Digital Fault Recorder Market (USD Million)
Digital Fault Recorder Market was valued at USD 2,575.64 million in the year 2024. The size of this market is expected to increase to USD 5,083.43 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 10.2%.
Digital Fault Recorder Market
*Market size in USD million
CAGR 10.2 %
| Study Period | 2025 - 2031 | 
|---|---|
| Base Year | 2024 | 
| CAGR (%) | 10.2 % | 
| Market Size (2024) | USD 2,575.64 Million | 
| Market Size (2031) | USD 5,083.43 Million | 
| Market Concentration | Low | 
| Report Pages | 350 | 
Major Players
- Siemens AG
 - ABB Ltd.
 - General Electric Company
 - Schneider Electric SE
 - Eaton Corporation
 - ALSTOM
 - Qualitrol Company LLC
 - AMETEK, Inc.
 - Elspec Ltd.
 - ERLPhase Power Technologies Ltd.
 
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Digital Fault Recorder Market
Fragmented - Highly competitive market without dominant players
The Digital Fault Recorder Market is gaining momentum as power utilities and industries increasingly focus on accurate monitoring, fault detection, and grid reliability. Over 45% of utility providers have embraced these systems to capture critical waveform data, enabling faster response and improved resilience.
Key Growth Drivers
A strong push toward grid reliability and stability has made fault recorders indispensable. Approximately 40% of installations are targeted toward transmission networks, ensuring uninterrupted operations in high-voltage applications. The adoption of smart grids and automated monitoring further supports widespread deployment.
Technological Progress Driving Adoption
The introduction of AI-powered analytics, cloud connectivity, and GPS synchronization has transformed fault recorders into smarter, more predictive systems. Around 50% of modern installations use intelligent data insights for fault analysis and predictive maintenance, ensuring optimized performance and reduced outages.
Strategic Pathways for Growth
Collaborations, technological upgrades, and innovation-focused strategies remain central to the competitive landscape. Around 35% of companies emphasize product innovation and capacity expansion, ensuring robust growth opportunities in the evolving energy ecosystem.
Digital Fault Recorder Market Key Takeaways
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The increasing need for real-time monitoring and fault diagnosis in electrical systems is driving the adoption of digital fault recorders (DFRs) to ensure timely detection and resolution of faults.
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As power grids become more complex and interconnected, the demand for advanced fault detection systems is growing, with DFRs playing a critical role in maintaining grid stability and preventing widespread outages.
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The growing use of renewable energy sources and the integration of distributed energy systems is pushing the demand for digital fault recorders to ensure effective protection and monitoring of these energy sources within the grid.
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Technological advancements in data analytics and AI-powered fault analysis are improving the capabilities of DFRs, enabling faster fault diagnosis, predictive maintenance, and better decision-making in power grid management.
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The increasing focus on grid automation is enhancing the role of DFRs, enabling utilities to detect, isolate, and restore power faster with minimal human intervention.
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With the need for improved grid reliability in critical infrastructure sectors, DFRs are being deployed more widely in industries such as transportation, healthcare, and manufacturing to ensure the smooth operation of electrical systems.
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Governments and regulatory bodies are tightening electrical safety standards, driving the demand for reliable fault monitoring systems like DFRs to ensure compliance and reduce risks in electrical networks.
 
Digital Fault Recorder Market Recent Developments
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In July 2020, Siemens completed the acquisition of Mentor Graphics, a leading provider of electronic design automation (EDA) software. The move strengthened Siemens’ expertise in industrial automation and power systems, enhancing its capabilities in areas such as digital fault recording and intelligent system design.
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In January 2022, ABB expanded its industrial portfolio through the acquisition of B&R Industrial Automation, a recognized leader in automation technologies. This strategic move reinforced ABB’s position in the industrial automation market and enhanced its capabilities in digital fault recording and intelligent control systems.
 
Digital Fault Recorder Market By Component; Hardware Dedicated and Multifunctional, Software and Services By Technology; High-Speed Disturbance Recording, Low-Speed Disturbance Recording and Steady-State Recording By Installation; Generation, Transmission and Distribution By Geography; North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Segment Analysis
In this report, the Digital Fault Recorder Market has been segmented by Component, Technology, Installation and Geography.
Digital Fault Recorder Market By Component; Hardware [Dedicated and Multifunctional], Software and Services By Technology; High-Speed Disturbance Recording, Low-Speed Disturbance Recording and Steady-State Recording By Installation; Generation, Transmission and Distribution By Geography; North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Segmentation by Component
The Component axis separates hardware platforms from software and services, reflecting differing procurement cycles and value propositions.
Buyers prioritize hardened hardware reliability for field deployments while investing in analytics-driven software to extract actionable insights from recorded events.
Service offerings such as installation, calibration, and lifecycle support are increasingly bundled to reduce time-to-value and ensure compliance with grid codes.
Hardware
Hardware forms the foundation of DFR solutions and is classified into dedicated and multifunctional platforms that address varied operational needs.
Robust chassis design, high-speed ADCs, and precise time-synchronization capabilities are critical for capturing fault waveforms and enabling post-event forensics.
Manufacturers pursue ruggedization, modularity, and ease-of-maintenance to support long-term field deployments and interoperability with SCADA and protection systems.
Dedicated
Dedicated hardware platforms focus exclusively on disturbance recording and deliver optimized sampling rates, memory buffers, and deterministic trigger logic.
These units are preferred in critical substations and generation plants where guaranteed capture performance and certification are required.
Vendors differentiate through hardened designs, extended retention storage, and certified time-synchronization to support forensic analysis and regulatory reporting.
Multifunctional
Multifunctional devices integrate DFR functions with protection, control, and monitoring features to reduce footprint and simplify system architecture.
Such platforms enable consolidated procurement and streamlined maintenance, while offering configurable roles across generation, transmission, and distribution applications.
The market sees growing interest in multifunctional units as utilities seek cost-efficient modernization and reduced inter-equipment integration effort.
Software
Software solutions provide event analysis, visualization, and analytics capabilities that convert raw recordings into operational intelligence.
Advanced toolchains offer automated fault classification, root-cause analysis, and integration with asset-management systems to accelerate response and corrective action.
Vendors form partnerships with analytics firms to embed machine learning and pattern recognition for predictive maintenance and grid resiliency use cases.
Services
Services encompass installation, commissioning, training, and long-term support that underpin successful DFR deployments.
Managed service models and SLA-driven maintenance are gaining traction as utilities outsource specialized functions to improve uptime and ensure regulatory compliance.
Service providers collaborate with OEMs to deliver integrated lifecycle solutions and to support firmware updates, calibration, and event investigation workflows.
Digital Fault Recorder Market By Component; Hardware [Dedicated and Multifunctional], Software and Services By Technology; High-Speed Disturbance Recording, Low-Speed Disturbance Recording and Steady-State Recording By Installation; Generation, Transmission and Distribution By Geography; North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Segmentation by Technology
The Technology axis distinguishes recording modalities—high-speed, low-speed, and steady-state—each aligned to specific fault signatures and monitoring objectives.
Choice of technology affects sampling rates, data volume, and analytics complexity, which in turn influence storage strategies and communications design.
Industry focus is on enhancing precision, reducing latency, and enabling scalable data handling to support faster diagnostics and automated protection workflows.
High-Speed Disturbance Recording
High-Speed Disturbance Recording captures transient events with very high sampling rates to record waveform detail required for protection coordination and post-fault analysis.
These systems are vital for capturing fast transient phenomena, converter-driven disturbances, and sub-cycle events that inform protection settings and equipment health assessments.
R&D is concentrated on increasing sample fidelity while optimizing compression and time-stamping accuracy for large-scale deployments.
Low-Speed Disturbance Recording
Low-Speed Disturbance Recording is suitable for slower-evolving disturbances and operational trend analysis, balancing data volume and diagnostic utility.
This technology supports broader situational awareness across distribution networks and is often integrated with asset-monitoring platforms for trending and anomaly detection.
Vendors focus on interoperable data formats and lightweight communication protocols to facilitate wide-area telemetry and centralized analytics.
Steady-State Recording
Steady-State Recording captures long-duration operating conditions, enabling assessment of power quality, harmonic content, and load behavior.
Such recordings inform preventive maintenance, contractual compliance, and power-quality remediation initiatives by utilities and industrial customers.
Service models increasingly include periodic steady-state analysis as part of proactive asset-management programs that aim to reduce downtime and improve efficiency.
Digital Fault Recorder Market By Component; Hardware [Dedicated and Multifunctional], Software and Services By Technology; High-Speed Disturbance Recording, Low-Speed Disturbance Recording and Steady-State Recording By Installation; Generation, Transmission and Distribution By Geography; North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Segmentation by Installation
The Installation axis addresses differing environmental and operational demands across generation, transmission, and distribution sites.
Installation context drives ruggedization, communication link choices, and integration complexity with protection and control systems.
Procurement strategies vary: generation sites often require high-fidelity systems for turbine and plant protection, while distribution networks prioritize scalability and cost-effective monitoring.
Generation
Generation installations demand DFRs capable of capturing high-energy faults, generator rotor dynamics, and power-electronics interactions.
Systems here prioritize deterministic triggering, long pre-fault buffers, and synchronized time-stamping to support plant protection and failure analysis.
Vendors collaborate with plant OEMs to tailor solutions that integrate with plant control systems and meet stringent certification and warranty requirements.
Transmission
Transmission environments require DFRs that support wide-area monitoring, rapid data sharing, and interoperability with protection relays and EMS platforms.
High-voltage substations emphasise secure communications, reliable time synchronization, and analytical toolchains that enable cross-boundary event correlation.
International standards and collaborative testing programs drive adoption of compatible data formats and real-time telemetry capabilities.
Distribution
Distribution installations prioritize scalable and cost-efficient DFR deployments for fault localization, power-quality monitoring, and reliability improvement.
Solutions often integrate with AMI and DER management systems as distribution networks modernize and accommodate distributed generation sources.
Vendors focus on modular, remotely-manageable units and cloud-enabled analytics to support high-volume, geographically-dispersed rollouts.
Digital Fault Recorder Market By Component; Hardware [Dedicated and Multifunctional], Software and Services By Technology; High-Speed Disturbance Recording, Low-Speed Disturbance Recording and Steady-State Recording By Installation; Generation, Transmission and Distribution By Geography; North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Segmentation by Geography
In this report, the Digital Fault Recorder Market has been segmented by Geography into five regions: North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
North America
North America is characterized by significant investments in grid modernization, high adoption of synchronized measurement technologies, and close industry-regulator collaboration.
Utilities prioritize high-fidelity DFRs integrated with wide-area protection schemes and enterprise analytics to reduce outage duration and improve fault diagnosis.
Local OEM partnerships and service networks support rapid deployment, calibration, and lifecycle upgrades across generation and T&D assets.
Europe
Europe emphasizes interoperability, standardization, and sustainability in DFR deployments, driven by regulatory frameworks and cross-border grid initiatives.
European operators invest in advanced analytics and standardized data exchange formats to enable coordinated disturbance analysis and compliance reporting.
Collaborative R&D projects between utilities and technology providers accelerate adoption of cloud-enabled analytics and cyber-hardened solutions.
Asia Pacific
Asia Pacific exhibits strong growth driven by expanding generation capacity, rapid electrification, and modernization of transmission networks.
Large-scale infrastructure programs and rising investment in renewable integration spur demand for DFRs that can handle diverse fault types and high data throughput.
Vendors engage in joint ventures and local partnerships to tailor solutions for regional grid topologies and procurement models.
Middle East & Africa
Middle East & Africa focus on strengthening grid resilience, enhancing protective coordination, and supporting large-scale generation projects.
Adoption is driven by new-build generation and transmission projects, with emphasis on ruggedized equipment and comprehensive service contracts.
Strategic collaborations and technology-transfer agreements enable capabilities development and localized support infrastructure for long-term sustainment.
Latin America
Latin America is modernizing transmission and distribution networks to improve reliability and integrate renewable resources, leading to increased DFR deployments.
Regional utilities favor scalable, cost-effective solutions and service partnerships to manage dispersed assets and diverse terrain.
Vendors are expanding regional presence through local distributors and training programs to support installation, commissioning, and post-event analysis.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Digital Fault Recorder Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Grid modernization initiatives
 - Integration of renewable energy sources
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Advancements in digital technologies-The global digital fault recorder (DFR) market has witnessed significant advancements driven by the rapid evolution of digital technologies. One of the key developments is the integration of advanced data analytics and machine learning algorithms into DFR systems. These technologies enhance the capability of DFRs to not only record and store fault data but also analyze it in real-time, enabling predictive maintenance and faster fault diagnosis. This shift towards intelligent fault recording is crucial for power grid operators, as it helps in minimizing downtime and improving the reliability of power supply. Furthermore, the adoption of cloud computing in DFRs has allowed for more efficient data management and accessibility, facilitating remote monitoring and control.
Another major advancement in the DFR market is the enhancement in data acquisition speed and storage capabilities. Modern DFRs are equipped with high-speed analog-to-digital converters (ADCs) that can capture transient events with great precision. This is particularly important in detecting and analyzing short-duration faults that could potentially disrupt the power grid. Additionally, advancements in storage technologies, such as the use of solid-state drives (SSDs), have significantly increased the data retention capacity of DFRs, allowing for longer and more detailed recording periods. This improvement is essential for conducting thorough post-event analysis and developing strategies to prevent future faults.
The integration of advanced communication protocols and cybersecurity measures has also marked a significant leap in the digital fault recorder market. Modern DFRs are now designed to seamlessly integrate with other grid management systems using standardized communication protocols such as IEC 61850. This ensures interoperability and efficient data exchange across different systems within the power grid. Moreover, with the increasing threat of cyberattacks on critical infrastructure, DFR manufacturers have implemented robust cybersecurity features to protect sensitive data and ensure the integrity of fault recordings. These measures are crucial in maintaining the resilience of the power grid against both physical and cyber threats, thereby ensuring continuous and reliable power supply. 
Restraints:
- High initial investment costs
 - Concerns about data security
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Regulatory challenges-The global digital fault recorder (DFR) market faces several regulatory challenges that impact its growth and adoption. Firstly, stringent compliance and certification requirements across different regions pose a significant challenge. Various countries have distinct regulatory frameworks for electrical and electronic equipment, which include specific standards for safety, performance, and environmental impact. For instance, in Europe, the market must comply with directives such as RoHS (Restriction of Hazardous Substances) and WEEE (Waste Electrical and Electronic Equipment), while in the United States, the National Electrical Code (NEC) and various IEEE standards apply. Meeting these diverse regulations necessitates significant investment in product testing and certification, which can be both time-consuming and costly for manufacturers.
Cybersecurity regulations are becoming increasingly critical in the digital fault recorder market. As DFRs are integral to monitoring and analyzing electrical faults in power systems, ensuring the security of these devices is paramount. Regulatory bodies are introducing more stringent cybersecurity requirements to protect critical infrastructure from potential cyber threats. For example, the North American Electric Reliability Corporation (NERC) has established Critical Infrastructure Protection (CIP) standards that mandate robust cybersecurity measures for grid-related equipment. Compliance with these standards requires manufacturers to incorporate advanced security features in their DFRs, which can increase development costs and complexity.
The evolving landscape of data privacy regulations presents a challenge for the DFR market. Digital fault recorders collect and analyze vast amounts of data related to electrical faults and system performance. With the implementation of stringent data protection laws, such as the General Data Protection Regulation (GDPR) in Europe and the California Consumer Privacy Act (CCPA) in the United States, manufacturers must ensure that their devices and data handling practices comply with these regulations. This includes implementing measures to secure data transmission, storage, and access, as well as providing transparency and control to end-users regarding their data. Adhering to these regulations requires significant effort in terms of system design, data management, and legal compliance, which can be a barrier for companies operating in the global digital fault recorder market. 
Opportunities:
- Growth in emerging markets
 - Supportive government policies and regulations
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Increasing demand for reliable electricity supply-The global digital fault recorder (DFR) market is experiencing significant growth due to the increasing demand for reliable electricity supply. As power systems worldwide become more complex and interconnected, the need for robust monitoring and fault detection mechanisms has become critical. Digital fault recorders play a crucial role in this regard, as they provide detailed and accurate records of electrical faults, which are essential for the quick restoration of power and prevention of future outages. This demand is particularly pronounced in regions with aging infrastructure, where DFRs help utilities manage and maintain system reliability effectively.
The integration of renewable energy sources into the power grid has intensified the need for advanced fault recording technologies. Renewable energy sources, such as solar and wind, introduce variability and complexity into the grid, making it more challenging to ensure a stable and continuous electricity supply. Digital fault recorders, with their advanced data recording and analysis capabilities, enable grid operators to quickly identify and address issues arising from these renewable sources. This capability is critical in minimizing downtime and maintaining the balance and reliability of the power grid.
Technological advancements in digital fault recording equipment are driving market growth. Modern DFRs offer enhanced features such as real-time monitoring, remote access, and integration with other grid management systems. These advancements not only improve the accuracy and efficiency of fault detection and analysis but also reduce operational costs for utility companies. As a result, there is a growing adoption of digital fault recorders across various segments of the power industry, including transmission and distribution networks, power generation facilities, and industrial applications. The combination of increased demand for reliable electricity, the integration of renewable energy sources, and technological innovations positions the DFR market for robust growth in the coming years. 
Digital Fault Recorder Market Competitive Landscape Analysis
Digital Fault Recorder Market is becoming increasingly competitive as utilities and industries demand reliable monitoring systems for power grids. Leading companies emphasize collaboration, utility partnerships, and selective merger strategies to strengthen portfolios. Nearly 64% of the market share is concentrated among established electrical equipment manufacturers, while smaller firms fuel innovation and growth with compact and advanced fault recording solutions.
Market Structure and Concentration
The market demonstrates medium concentration, with about 63% dominated by global grid automation and electrical equipment suppliers. Smaller players adopt niche strategies in portable fault recorders, cloud integration, and low-maintenance systems. Strong collaboration with utility companies sustains competitiveness, while expansion into renewable energy networks ensures steady growth.
Brand and Channel Strategies
Brand positioning emphasizes accuracy, compliance, and reliability, with nearly 60% of adoption supported by OEM partnerships, direct contracts with utilities, and regional distributors. Companies employ strategies targeting transmission, distribution, and industrial power systems. Marketing highlights innovation in remote monitoring, real-time analysis, and scalable designs, ensuring continuous growth across applications.
Innovation Drivers and Technological Advancements
Around 68% of R&D investment is directed toward technological advancements such as AI-based fault detection, IoT-enabled devices, and cloud-based data storage. Producers prioritize innovation that improves grid reliability, enhances data accuracy, and supports predictive maintenance. Increased collaboration with smart grid initiatives fosters partnerships that accelerate growth in next-generation digital fault recorders.
Regional Momentum and Expansion
Asia-Pacific leads with nearly 45% of demand, supported by rapid electrification strategies and smart grid deployment. North America represents about 30% with innovation in renewable energy integration, while Europe records steady growth through grid modernization expansion and regulatory compliance. Regional utility partnerships and vendor collaboration reinforce competitiveness worldwide.
Future Outlook
The future outlook highlights strong growth as grid resilience, renewable integration, and digitalization accelerate adoption. Nearly 55% of providers plan expansion into cloud-enabled platforms, AI-powered diagnostics, and portable solutions. Sustained partnerships, disruptive innovation, and advanced technological advancements will define competitiveness, ensuring digital fault recorders remain vital to modern power infrastructure.
Key players in Digital Fault Recorder Market include:
- Siemens AG
 - ABB Ltd.
 - General Electric Company
 - Schneider Electric SE
 - Eaton Corporation
 - ALSTOM
 - Qualitrol Company LLC
 - AMETEK, Inc.
 - Elspec Ltd.
 - ERLPhase Power Technologies Ltd.
 
In this report, the profile of each market player provides following information:
- Market Share Analysis
 - Company Overview and Product Portfolio
 - Key Developments
 - Financial Overview
 - Strategies
 - Company SWOT Analysis
 
- Introduction 
- Research Objectives and Assumptions
 - Research Methodology
 - Abbreviations
 
 - Market Definition & Study Scope
 - Executive Summary 
- Market Snapshot, By Component
 - Market Snapshot, By Technology
 - Market Snapshot, By Installation
 - Market Snapshot, By Region
 
 - Digital Fault Recorder Market 
- Drivers, Restraints and Opportunities 
- Drivers 
- Grid modernization initiatives
 - Integration of renewable energy sources
 - Advancements in digital technologies
 
 - Restraints 
- High initial investment costs
 - Concerns about data security
 - Regulatory challenges
 
 - Opportunities 
- Growth in emerging markets
 - Supportive government policies and regulations
 - Increasing demand for reliable electricity supply
 
 
 - Drivers 
 - PEST Analysis 
- Political Analysis
 - Economic Analysis
 - Social Analysis
 - Technological Analysis
 
 - Porter's Analysis 
- Bargaining Power of Suppliers
 - Bargaining Power of Buyers
 - Threat of Substitutes
 - Threat of New Entrants
 - Competitive Rivalry
 
 
 - Drivers, Restraints and Opportunities 
 - Market Segmentation 
- Digital Fault Recorder Market, By Component, 2021 - 2031 (USD Million) 
- Hardware 
- Dedicated
 - Multifunctional
 
 - Software
 - Services
 
 - Hardware 
 - Digital Fault Recorder Market, By Technology, 2021 - 2031 (USD Million) 
- High-Speed Disturbance Recording
 - Low-Speed Disturbance Recording
 - Steady-State Recording
 
 - Digital Fault Recorder Market, By Installation, 2021 - 2031 (USD Million) 
- Generation
 - Transmission
 - Distribution
 
 - Digital Fault Recorder Market, By Geography, 2021 - 2031 (USD Million) 
- North America 
- United States
 - Canada
 
 - Europe 
- Germany
 - United Kingdom
 - France
 - Italy
 - Spain
 - Nordic
 - Benelux
 - Rest of Europe
 
 - Asia Pacific 
- Japan
 - China
 - India
 - Australia & New Zealand
 - South Korea
 - ASEAN (Association of South East Asian Countries)
 - Rest of Asia Pacific
 
 - Middle East & Africa 
- GCC
 - Israel
 - South Africa
 - Rest of Middle East & Africa
 
 - Latin America 
- Brazil
 - Mexico
 - Argentina
 - Rest of Latin America
 
 
 - North America 
 
 - Digital Fault Recorder Market, By Component, 2021 - 2031 (USD Million) 
 - Competitive Landscape 
- Company Profiles 
- Schneider Electric
 - Siemens AG
 - GE Grid Solutions
 - ABB Ltd.
 - Honeywell International Inc.
 - Schweitzer Engineering Laboratories (SEL)
 - Emerson Electric Co.
 - Mitsubishi Electric Corporation
 - Eaton Corporation
 - Omicron Electronics
 - Powertech Engineers Pvt. Ltd.
 - Rexnord Corporation
 - Electrotek Concepts Inc.
 - Doble Engineering Company
 - L&T Technology Services
 
 
 - Company Profiles 
 - Analyst Views
 - Future Outlook of the Market
 

