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.

Market Insight

A faulted circuit indicator is a device used in detecting faults on a power system. It has applications in electric power systems, electric lines, and distribution networks that minimize the operating cost, equipment risk, and outage time. It effectively improves safety and reduces equipment damage by minimizing the need for hazardous fault chasing procedures.

The faulted circuit indicator has applications in conjunction with the current transformer, circuit breaker, load break switch, etc. This indicator measures the magnetic or electric field around the conductor that detects faults. The rising use of faulted circuit indicators in power distribution networks to automatically detect faults and reducing outage time for the consumers leading to the growth of the market. Further, fault circuit indicators are increasingly used to visualize the event of an electric current fault. The rising development and establishment of new smart grids, installation, and rearrangement of transmission lines, and industrialization contribute to the expansion of the faulted circuit indicators market. Additionally, the surge in the use of electric utilities and growing industrial sectors led to the growth of the market. The rising electricity generation and heavy investments made by various companies for protecting industrial machinery pave the way to propel the growth of the fault circuit indicators market. Furthermore, in a grounded system, the surplus current flowing through the conductor induces a magnetic field that creates an electric fault. Such fault is detected by the fault circuit indicator that causes a change in the state of the mechanical target. The faulted circuit indicators are placed in overhead areas and cables. The overhead protection includes detecting short circuit fault, earth fault, overvoltage, overcurrent, overload, and any other instability that initiates the operating of other safety equipment. They are also used in underground transitions having dips and risers. On the flip side, new installation methods and technologies such as network protection GFN hamper the growth of faulted circuit indicators market. Moreover, the growth of short-circuit and earth fault indicators create several opportunities in the global faulted circuit indicators market.

Geographically, the global faulted circuit indicators market is divided into North America, Asia-Pacific, Europe, and the Rest of the World. Asia-Pacific region is anticipated to have a dominant share in the global faulted circuit indicators market. The rising industrialization and surge in demand for faulted circuit indicators in Asia-pacific drive the expansion of the market in the region. North America is expected to grow in the global faulted circuit indicators market with a healthy CAGR over the forecast period. The increasing adoption of faulted circuit indicators in various applications in North America led to the growth of the market in North America. Europe has lucrative growth opportunities in the global faulted circuit indicators market. The rapid implementation of off-grid power systems and the rise in demand for fault circuit indicators in Europe drive the growth of faulted circuit indicators market in Europe. 

Segment Covered

The report on 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 fault indicator.

Companies Profiled:

The report provides profiles of the companies in the market such as Streamer Inc., Power Delivery Products, Inc., Sun Electric, and Other companies.

Report Highlights:

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.