Fault Indicators are devices which indicate the passage of fault current. When properly applied, they can reduce operating costs and reduce service interruptions by identifying the section of cable that has failed. At the same time, fault indicators can increase safety and reduce equipment damage by reducing the need for hazardous fault chasing procedures.
Scope of the Report:A fault indicator or fault circuit indicator is a device used to indicate faults detected on a power system or an electric line. This device has finds applications in electric lines, electric power systems and distribution networks to reduce equipment risk, outage time and operating cost. For better output, fault circuit indicators needs to be installed properly on the circuit. The working principle of a fault circuit indicator is that it typically senses the magnetic field produced by the excess flow of current through a cable or conductor. Some indicators also measure the electric field generated by the voltage in the conductor.
Increasing development and establishment of new smart grids, industrialization and installation and rearrangement of transmission lines are some of the factors driving the demand for fault circuit indicators. Additionally, rise in the usage of electric utilities, increasing electricity generation, growing industrial sectors and heavy investments made by some firms to protect industrial machinery pave way for growth of the market.
The market of Fault Indicators is relatively concentrated. The world leading vendors in the market are SEL and Horstmann, which accounted the sales market share of 10.54% and 9.58% respectively in 2019, followed by Cooper Power Systems, ABB(Thomas & Betts) and Elektro-Mechanik.
The worldwide market for Fault Indicators is expected to grow at a CAGR of roughly 2.0% over the next five years, will reach 180.4 million US$ in 2026, from 163.6 million US$ in 2020, according to a new study.
This report focuses on the Fault Indicators in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers SEL
Horstmann
Cooper Power Systems
ABB (Thomas & Betts)
Elektro-Mechanik GMBH
Siemens
Bowden Brothers
Schneider Electric
Franklin (GridSense)
CELSA
Electronsystem MD
NORTROLL
CREAT
SEMEUREKA
Winet Electric
BEHAUR SCITECH
HHX
Beijing HCRT Electrical Equipment
Market Segment by Regions, regional analysis covers North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers Overhead Line Fault Indicators
Cable Fault Indicators
Panel Fault Indicators
Others
Market Segment by Applications, can be divided into Earth faults Indicators
Short-circuits Indicators
Short-circuit and Earth Fault Indicators
The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Fault Indicators product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Fault Indicators, with price, sales, revenue and global market share of Fault Indicators in 2018 and 2019.
Chapter 3, the Fault Indicators competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Fault Indicators breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.
Chapter 12, Fault Indicators market forecast, by regions, type and application, with sales and revenue, from 2020 to 2026.
Chapter 13, 14 and 15, to describe Fault Indicators sales channel, distributors, customers, research findings and conclusion, appendix and data source.
Frequently Asked Questions
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
- By Type
- By Application
- By Region
- By Country
- By Manufacturer
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
