Press release
Fault Indicators Market: Competitive Dynamics & Global Outlook 2024– Top Key players like– Top Key players like SEL,Siemens,CELSA,Inc.
This report focuses on the key global Fault Indicators players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Fault Indicators with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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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.
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 2017, followed by Cooper Power Systems, ABB(Thomas & Betts) and Elektro-Mechanik.
According to this study, over the next five years the Fault Indicators market will register a 2.1% CAGR in terms of revenue, the global market size will reach US$ 172.9 million by 2024, from US$ 155.5 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Fault Indicators business, shared in Chapter 3.
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 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
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Related Information:
North America Fault Indicators Market Growth 2019-2024
United States Fault Indicators Market Growth 2019-2024
Asia-Pacific Fault Indicators Market Growth 2019-2024
Europe Fault Indicators Market Growth 2019-2024
EMEA Fault Indicators Market Growth 2019-2024
Global Fault Indicators Market Growth 2019-2024
China Fault Indicators Market Growth 2019-2024
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