This report provides exclusive insights into the COVID-19 impact on the Faulted Circuit Indicators Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Faulted Circuit Indicators Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Faulted Circuit Indicators Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on
faulted circuit indicators market provides an in-depth analysis of segments and
sub-segments in the global as well as regional faulted circuit indicators
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional faulted circuit indicators market over
the short term as well as long term. The report is a comprehensive presentation
of trends, forecast, and dollar values of global faulted circuit indicators
market. According to the report, the global faulted circuit indicators market
is projected to grow at a healthy CAGR over the forecast period of 2019-2025.
Power distribution networks are susceptible to faults caused
by diverse factors such as hostile climatic conditions and equipment failure.
For refining the service reliability and avoid prearranged penalties, it is
necessary for utilities to rapidly find the location of the fault and
consequently, decrease the restoration time. The faulted circuit indicator
normally senses the magnetic field produced by the excess flow of the current
through a cable or conductor. Further, faulted circuit indicators are devices
which designate passage of the fault current. When appropriately installed,
they can diminish operating costs and service interruptions by recognizing the
failure of the section. These indicators improve safety and lessen equipment
damage by dropping the need for risky fault-clearing procedures.
The establishment of new smart grids and installation &
rearrangement of transmission lines is the major key drivers that help in
pouring the growth of fault circuit indicator market. The increasing usage of
faulted circuit indicators in power distribution networks to automatically
detect faults and decreasing outage time for the customers leading to the growth
of the fault circuit indicator market. Moreover, fault circuit indicators are
progressively used to visualize the event of an electric current fault.
Furthermore, short-circuit and earth fault indicators will add new lucrative
opportunities for this market in the coming years owing to their hybrid
properties. On the other hand, network protection systems GFN (Ground Fault
Neutralizer) act as a restraining factor for this market.
Additionally, the current concern over the spread of
coronavirus is also projected to have a negative impact on the faulted circuit
indicators market. The exponential spread of the COVID-19 epidemic across the
world has had an adverse impact on the electrical and electronic industry with
manufacturing facilities momentarily shut, leading to a substantial slowdown in
the production. Moreover, the COVID-19 outbreak could result in disturbance
across the ecosystem with numerous supply chain participants shifting their
manufacturing facilities to outer China, thereby decreasing their over-reliance
in China. Further, lockdowns imposed by the governments in the wake of the
coronavirus outbreak has not only affected manufacturing but also hauled
consumer demand for electrical devices.
Among the geographies, the Asia Pacific region is expected
to hold the largest share in the global faulted circuit indicators market
during the forecast period. Further, factors such as an increase in
manufacturing and industrial activity in Asian countries such as Vietnam,
India and Bangladesh will also boost the demand for power and will augment the
demand for electrical equipment like the faulted circuit indicator.
Furthermore, the initiatives taken by the government of the United States to
modernize the aging electrical infrastructure has accelerator the demand for
the fault circuit indicator in the North America region in recent years.
The report on the global faulted circuit indicators market
covers segments such as type, and application. On the basis of type, the
sub-markets include cable fault indicator, overhead line fault indicator, and
panel fault indicator. On the basis of application, the sub-markets include
short circuit indicator, earth fault indicator, and short circuit and earth
The report provides profiles of the companies in the market
such as Streamer Inc., Power Delivery Products, Inc., Sun Electric, and Other
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of faulted circuit
indicators market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.