openPR Logo
Press release

Superconducting Fault Current Limiter Market: Rise In Demand For Updated Power Grids And The General Preference For Renewable Energy Applications

Superconducting Fault Current Limiter Market: Rise In Demand

According to a new market report on the superconducting fault current limiter market, published by Transparency Market Research, the global superconducting fault current limiter (SFCL) market is expected to reach US$ 6,120.4 Mn by 2026, expanding at a CAGR of 8.2 % from 2018 to 2026. According to the report, the global market will continue to be influenced by a range of macroeconomic and industry-specific factors. Asia Pacific will continue to be at the forefront of global demand, with the market in the region growing at a CAGR of 9.4% through 2026.

Obtain Report Details @ https://www.transparencymarketresearch.com/superconducting-fault-current-limiter-market.html

Due to increase in power demand and concerns regarding power supply, it is inevitable that distributed generation (DG) will experience higher market adoption in electric power distribution and transmission systems in the coming years. With a high diffusion of DG, a high-level fault current may be caused during an emergency, which would have a negative effect on the complete power grid including the linked DGs. SFCL can be implemented to prevent distributed generating sources from blackout in smart grid systems, because this fault current may be higher than the rating of existing protective devices. Frequent failure in power systems has increased the demand for these applications, thereby offering multiple opportunities to the global SFCL market.

The global superconducting fault current limiter market has been broadly segmented in terms of type and end-use industry. By type, the shielded core SFCL segment is consistently expected to witness the highest market share between 2018 and 2026. Growing urbanization which is resulting in the growth of power distribution & transmission networks as well as commercial buildings, is the major factor responsible for its high share.

Request a Sample PDF -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=53910

Moreover, growing demand for efficient power supply is another factor accounting for its dominance throughout the forecast period.However, of all types, resistive SFCL segment is expected to expand at a CAGR of 7.8% due to its increasing applications in power stations and in the oil & gas industry. By end-use industry, transmission & distribution grid cumulatively represented 26.3% share in 2017. Rapid urbanization especially in the developing countries of Asia Pacific and the Middle East is aiding the growth of SFCL in power grids. Furthermore, increasing government initiatives across the world for the renewal of existing transmission and distribution networksis further driving its significant share amongst all other applications.

Asia Pacific dominated the superconducting fault current limiter market in 2017 with China contributing majority share of income. The dominance of the region in the market is attributed to its large population base, increasing industrialization and urbanization, growth in transmission and distribution networks, and supportive governmental initiatives for expansion or upgrade of existing systems. Analyzing the Asia Pacific superconducting fault current limiter market at country level, it is anticipated that China would lead the market consistently throughout the forecast period.

Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Superconducting Fault Current Limiter Market: Rise In Demand For Updated Power Grids And The General Preference For Renewable Energy Applications here

News-ID: 1427904 • Views: 122

More Releases from Transparecny Market Research

PV Micro Inverters Market to Witness an Outstanding Growth by 2022
The intense rivalry between leading players characterizes the competitive landscape of the global?photo voltaic (PV) micro inverters market. Enphase Energy Inc., Sungrow Power Supply Co. Ltd., General Electric, Darfon Electronics Corp., ABB Ltd., and SunPower Corp. are the key manufacturers of PV micro inverters, globally. Technological advancements are the main point of strife among these players, finds a new research report by Transparency Market Research (TMR). They are also actively
Sodium Octenyl Succinate Starch Market is Expected to Expand at an Impressive Ra …
Sodium octenyl succinate starch is used as an emulsifier, which adds hydrophobicity to food. It is one of the modified forms of starch. Sodium octenyl succinate starch is easily soluble in cold liquids. Sodium octenyl succinate starch is primarily used as foam builder in the food industry. It is a special form of chemically modified starch that accrues during reaction of starch with succinic acid and octanol. Sodium octenyl succinate
Polyethylene glycol Esters of Fatty Acids Marketto Witness Widespread Expansion …
Polyethyleneglycol (PEG) ester is a polyether compound manufactured by reacting polyethylene glycol with a fatty acid. Polyethyleneglycol esters consist of a hydrophilic part of surfactants and a lipophilic part of fatty acids. PEG oleates and stearates are superior emulsifiers. By changing the molecular weight of PEG and fatty acids, surfactants covering a wide range of high lipophilic balance value can be produced. (PEG) esters are primarily employed in the manufacture
Microgrids Market Foreseen to Grow Exponentially by 2026
With the constantly rising global population, the need for electrical energy has augmented substantially. End users are increasingly depending on utility grids to manage their power needs. According to a research report by Transparency Market Research (TMR), the existing macrogrids are unable to meet the increasing demand for affordable and consistent power caused by swift urbanization and industrialization. However, microgrids and distributed generation technologies can easily match up to these

All 5 Releases


More Releases for SFCL

Superconducting Fault Current Limiter Market| Key Competitor - ABB Ltd, Siemens …
Market Research Reports Search Engine (MRRSE) has been serving as an active source to cater intelligent research report to enlighten both readers and investors. This research study titled “Superconducting Fault Current Limiter Market “ The superconducting fault current limiter market is poised to remain lucrative on the back of demand acceleration for uninterrupted power supply and growing population. Growing adoption by manufacturers to limit destructive fault currents that can have a
Superconducting Fault Current Limiters Market to Offer Lucrative Growth Prospect …
The superconducting fault current limiters (SFCL) are the power devices used to limit the fault current in the electrical power system. In normal conditions, SFCL causes negligible voltage and energy losses, but when a critical fault occurs, it transits to a highly resistive state. Day by day increasing demand for reliable & efficient power supply coupled with interconnection mechanism in grid are the major factors that drive the growth of the
Superconducting Fault Current Limiter (SFCL) Global Market 2019 Industry expecte …
The Superconducting Fault Current Limiter (SFCL) Global market 2019-2025 from QY research gives basic data to advertisers, managers, analysts, business consultants, senior management and different key individuals that with the critical information need to assess global Superconducting Fault Current Limiter (SFCL) market. This information is optimistic for the commercials, residential & industrial buyers, governments and other shareholders to present their product-centric tactics in proportion to the projected as well
Superconducting Fault Current Limiter Market - Rise in Demand for Updated Power …
Fault current limiters (FCLs) have the potential to significantly improve power system stress in locations where fault current levels are expected to rise beyond the permissible range of surviving circuit breakers. Today’s superconducting materials can meet the performance necessities of power system machineries. As a result, a major portion of FCL designs use superconducting materials to complete the limiting action. Superconducting fault current limiter (SFCL) technologies continue to make progress
Global Superconducting Fault Current Limiter (SFCL) Market Shares & Forecast 201 …
Qyresearchreports include new market research report "Global Superconducting Fault Current Limiter (SFCL) Market Professional Survey Report 2018" to its huge collection of research reports. The global Superconducting Fault Current Limiter (SFCL) market has been explained in a highly comprehensive manner in this report, along with some of the most vital associated aspects. Expert analysts who have prepared this report, have implemented latest research methodologies and have covered absolutely every known factor
Global Superconducting Fault Current Limiters (SFCL) Sales Market Research and T …
Market Research Hub (MRH) has recently announced the addition of a fresh report, titled “Global Superconducting Fault Current Limiters (SFCL) Sales Market Report 2017” to its report offerings. The report split global into several key Regions, with sales (K Units), revenue (Million USD), market share and growth rate of Superconducting Fault Current Limiters (SFCL) for these regions, from 2012 to 2022 (forecast). Request Free Sample Report: http://www.marketresearchhub.com/enquiry.php?type=S&repid=1128846 The global Superconducting Fault Current