Fault Indicators Market Size, Share, Development by 2024

Global Info Research offers a latest published report on Fault Indicators Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. 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.

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 2017, 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 2024, from 163.6 million US$ in 2019, according to a new GIR (Global Info Research) 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

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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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