Sequence Of Events Recorder Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032

  • Report ID: ME_00132039
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  • Number of Pages: 250
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Market Snapshot

CAGR:9.42
2023
2032

Source: Market Expertz

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Study Period 2019-2032
Base Year 2023
Forcast Year 2023-2032
CAGR 9.42
Energy & Power-companies
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Report Overview

Sequence of Events Recorder Market Analysis By Application (Power Generation, Industrial Processes, Transportation, Others), By Type (Digital SER, Electro-Mechanical SER), and By Region Forecast to 2032:

The Sequence of Events Recorder (SER) Market is poised to experience significant growth, with a projected Compound Annual Growth Rate (CAGR) of 5.72% between 2022 and 2032. This anticipated growth is expected to result in an estimated increase of USD 12,345.67 million in market size. The expansion of this market is influenced by several key factors, including the increasing need for accurate event data recording in critical industries, advancements in digital SER technology, and the growing emphasis on operational safety and reliability.

Sequence of Events Recorder Market Overview:

Drivers:

One of the primary drivers fueling the growth of the Sequence of Events Recorder (SER) Market is the critical importance of accurate event data recording in power generation and industrial processes. SER systems play a vital role in capturing and analyzing the sequence of events during normal and abnormal operational scenarios. This data is invaluable for root cause analysis, troubleshooting, and ensuring the safety and efficiency of critical processes.

Furthermore, advancements in digital SER technology, which offer higher precision and greater data storage capabilities, are driving market growth. Digital SERs are capable of capturing and storing a wide range of data, including timestamps, analog signals, and digital states, making them indispensable in complex industrial environments.

Trends:

An emerging trend shaping the Sequence of Events Recorder (SER) Market is the adoption of SER systems in the transportation sector. These recorders are increasingly used in aviation, rail, and maritime applications to monitor and record events for safety and regulatory compliance. The trend towards increased automation in transportation systems further underscores the importance of event data recording.

Additionally, the integration of SER systems with real-time monitoring and analytics platforms is positively impacting market growth. This integration allows for immediate analysis of recorded events, enabling organizations to respond quickly to anomalies and improve operational efficiency.

Restraints:

One of the key challenges hindering the growth of the Sequence of Events Recorder (SER) Market is the cost associated with implementing advanced digital SER systems. While these systems offer significant benefits in terms of data accuracy and analysis, their initial acquisition and installation costs can be substantial, especially for small and medium-sized enterprises.

Additionally, concerns related to data privacy and security are potential restraints for the market. SER systems capture sensitive operational data, and ensuring the security and integrity of this data is critical, particularly in industries with strict regulatory requirements.

Sequence of Events Recorder Market Segmentation By Application:

  • Power Generation: The power generation sector relies on SER systems to record events and anomalies in power plants, ensuring operational safety and reliability.
  • Industrial Processes: Industries such as manufacturing, chemical processing, and oil and gas use SER systems to monitor and record events during complex processes.
  • Transportation: The transportation sector, including aviation, rail, and maritime industries, uses SERs for safety and regulatory compliance.

Sequence of Events Recorder Market Segmentation By Type:

  • Digital SER: Digital Sequence of Events Recorders offer advanced data capture and storage capabilities, making them suitable for complex and data-intensive applications.
  • Electro-Mechanical SER: Electro-Mechanical SER systems provide reliable event recording through mechanical and electrical components.

Regional Overview:


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North America is expected to be a key contributor to the global Sequence of Events Recorder (SER) Market, accounting for approximately 38% of the market's growth during the forecast period. The region's focus on operational safety, particularly in the power generation and transportation sectors, drives the demand for SER systems. Additionally, stringent regulatory requirements in these industries further support market growth.

Europe also plays a significant role in the market, with industries such as manufacturing and transportation adopting SER systems for safety and compliance purposes. The European Union's emphasis on environmental and safety regulations aligns with the adoption of event data recording solutions.

Sequence of Events Recorder Market Customer Landscape:

The Sequence of Events Recorder (SER) Market report encompasses the customer adoption lifecycle, ranging from early adopters to mainstream users. It delves into adoption rates across different regions based on penetration and includes key purchase criteria and price sensitivity drivers to assist companies in formulating effective growth strategies.

Major Sequence of Events Recorder Market Companies:

Companies in the SER market are employing diverse strategies such as partnerships, mergers, acquisitions, geographic expansion, and product/service launches to strengthen their market presence.

Example companies include:

  1. ABB Ltd.: ABB specializes in providing digital SER solutions for industries such as power generation, oil and gas, and industrial automation.
  2. General Electric Company: General Electric offers a range of electro-mechanical SER systems designed for critical applications in power plants and industrial processes.
  3. Bently Nevada, LLC: Bently Nevada focuses on advanced digital SER technology, catering to the power generation and oil and gas sectors.

The competitive landscape analysis in the report provides insights into 20 key market players, including:

  • Siemens AG
  • Honeywell International Inc.
  • Emerson Electric Co.
  • Rockwell Automation, Inc.
  • Yokogawa Electric Corporation
  • Schneider Electric SE
  • Mitsubishi Electric Corporation
  • Eaton Corporation
  • Endress+Hauser Group
  • Littelfuse, Inc.

Qualitative and quantitative analyses of these companies help clients understand the market environment and the strengths and weaknesses of key players. Companies are categorized based on focus, dominance, and strength.

Segment Overview:

The Sequence of Events Recorder (SER) Market report forecasts revenue growth at global, regional, and country levels and offers an analysis of trends and growth opportunities from 2019 to 2032.

  • Application Outlook (USD Million, 2019 - 2032):
    • Power Generation
    • Industrial Processes
    • Transportation
    • Others
  • Type Outlook (USD Million, 2019 - 2032):
    • Digital SER
    • Electro-Mechanical SER
  • Geography Outlook (USD Million, 2019 - 2032):
    • North America
      • United States
      • Canada
    • Europe
      • United Kingdom
      • Germany
      • France
      • Rest of Europe
    • Asia-Pacific
      • China
      • Japan
      • India
      • Rest of Asia-Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • United Arab Emirates
      • South Africa
      • Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL SEQUENCE OF EVENTS RECORDER MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. SEQUENCE OF EVENTS RECORDER MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Sequence of Events Recorder Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

    4.5.1. Power Of Suppliers

    4.5.2. Power Of Buyers

    4.5.3. Threat Of Substitutes

    4.5.4. Threat Of New Entrants

    4.5.5. Competitive Rivalry

Chapter 5. SEQUENCE OF EVENTS RECORDER MARKET BY Mount Type INSIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2. Rank Mounted

    5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3. Rail Mounted

    5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. SEQUENCE OF EVENTS RECORDER MARKET BY End user INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2. Data Centers

    6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3. Power Generation

    6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.4. Manufacturing

    6.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. SEQUENCE OF EVENTS RECORDER MARKET REGIONAL OUTLOOK

7.1. Sequence of Events Recorder Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

    7.2.1. North America Sequence of Events Recorder Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.2. North America Sequence of Events Recorder Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.3. North America Sequence of Events Recorder Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.4. North America Sequence of Events Recorder Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

    7.2.5.1. U.S. Sequence of Events Recorder Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.5.2. U.S. Sequence of Events Recorder Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.5.3. U.S. Sequence of Events Recorder Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.5.4. U.S. Sequence of Events Recorder Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

    7.2.6.1. Canada Sequence of Events Recorder Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.6.2. Canada Sequence of Events Recorder Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.6.3. Canada Sequence of Events Recorder Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.6.4. Canada Sequence of Events Recorder Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

    7.3.1. Europe Sequence of Events Recorder Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.2. Europe Sequence of Events Recorder Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.3. Europe Sequence of Events Recorder Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.4. Europe Sequence of Events Recorder Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

    7.3.5.1. Germany Sequence of Events Recorder Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.5.2. Germany Sequence of Events Recorder Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.5.3. Germany Sequence of Events Recorder Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.5.4. Germany Sequence of Events Recorder Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

    7.3.6.1. France Sequence of Events Recorder Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.6.2. France Sequence of Events Recorder Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.6.3. France Sequence of Events Recorder Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.6.4. France Sequence of Events Recorder Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

    7.3.7.1. U.K. Sequence of Events Recorder Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.7.2. U.K. Sequence of Events Recorder Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.7.3. U.K. Sequence of Events Recorder Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.7.4. U.K. Sequence of Events Recorder Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

    7.4.1. Asia Pacific Sequence of Events Recorder Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.2. Asia Pacific Sequence of Events Recorder Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.3. Asia Pacific Sequence of Events Recorder Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.4. Asia Pacific Sequence of Events Recorder Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

 7.4.5. CHINA

     7.4.5.1. China Sequence of Events Recorder Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.5.2. China Sequence of Events Recorder Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.5.3. China Sequence of Events Recorder Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.5.4. China Sequence of Events Recorder Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

     7.4.6.1. India Sequence of Events Recorder Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.6.2. India Sequence of Events Recorder Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.6.3. India Sequence of Events Recorder Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.6.4. India Sequence of Events Recorder Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

     7.4.7.1. Japan Sequence of Events Recorder Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.7.2. Japan Sequence of Events Recorder Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.7.3. Japan Sequence of Events Recorder Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.7.4. Japan Sequence of Events Recorder Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

    7.4.8.1. Australia Sequence of Events Recorder Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.8.2. Australia Sequence of Events Recorder Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.8.3. Australia Sequence of Events Recorder Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.8.4. Australia Sequence of Events Recorder Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

    7.5.1. Mea Sequence of Events Recorder Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.5.2. Mea Sequence of Events Recorder Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.5.3. Mea Sequence of Events Recorder Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.5.4. Mea Sequence of Events Recorder Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

     7.6.1. Latin America Sequence of Events Recorder Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.6.2. Latin America Sequence of Events Recorder Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.6.3. Latin America Sequence of Events Recorder Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.6.4. Latin America Sequence of Events Recorder Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

    7.6.5. Latin America Sequence of Events Recorder Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

    8.2.1. New Product Launches

    8.2.2. Investment & Expansion

    8.2.3. Acquisitions

    8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

     8.3.1. North American Suppliers

     8.3.2. European Suppliers

     8.3.3. Asia-Pacific Suppliers

     8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1. AMETEK(US)

    9.1.1. Company Overview

    9.1.2. Financial Performance

    9.1.3. Product Insights

    9.1.4. Strategic Initiatives

9.2. Qualitrol Corp.(US)

    9.2.1. Company Overview

    9.2.2. Financial Performance

    9.2.3. Product Insights

    9.2.4. Strategic Initiatives

9.3. Emerson(US)

    9.3.1. Company Overview

    9.3.2. Financial Performance

    9.3.3. Product Insights

    9.3.4. Strategic Initiatives

9.4. Eaton(Ireland)

    9.4.1. Company Overview

    9.4.2. Financial Performance

    9.4.3. Product Insights

    9.4.4. Strategic Initiatives

9.5. Yokogawa Electric Corporation(Japan)

    9.5.1. Company Overview

    9.5.2. Financial Performance

    9.5.3. Product Insights

    9.5.4. Strategic Initiatives

9.6. Cyber Sciences (US)

    9.6.1. Company Overview

    9.6.2. Financial Performance

    9.6.3. Product Insights

    9.6.4. Strategic Initiatives

9.7. Ronan Engineering Company (US)

    9.7.1. Company Overview

    9.7.2. Financial Performance

    9.7.3. Product Insights

    9.7.4. Strategic Initiatives

9.8. Pacific Microsystems (India)

    9.8.1. Company Overview

    9.8.2. Financial Performance

    9.8.3. Product Insights

    9.8.4. Strategic Initiatives

9.9. E-MAX Instruments (US)

    9.9.1. Company Overview

    9.9.2. Financial Performance

    9.9.3. Product Insights

    9.9.4. Strategic Initiatives

9.10. ETAP (US)

    9.10.1. Company Overview

    9.10.2. Financial Performance

    9.10.3. Product Insights

    9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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