Insulation Monitoring Devices Market Growth Outlook: Revenue Contributions of Top Key Players

Thu, 26 Dec 2024 09:45:56 +0000

The global insulation monitoring devices market size is expected to reach USD 1,177.6 Million in 2032 and register a revenue CAGR of 5.2% during the forecast period, according to the latest analysis by Emergen Research. Necessity of electrical devices in IT systems can be attributed to the steady market revenue growth. Insulation Monitors Devices (IMDs) are devices that assess resistance of insulation in unearthed Alternate Current (AC), AC/DC, and Direct Current (DC) power supply (IT systems). This requires assessing monitored IT system's insulating resistance against earth. These systems are protected by insulation monitoring devices, which are required by legislation in IT systems under the ‘Safety of Machinery’ standard. Insulation monitoring devices are used to avert errors caused by faults in insulation, to prevent failures, and to protect against fires and accidents in general. According to IEC 60364-4-41, an insulation monitoring device must always be integrated with an IT system. The insulation monitoring device, which is connected between active conductors and ground, superimposes a DC measurement voltage on the system.