The global Fault Current Limiter market size, which accrued revenue worth 3.01 (USD Billion) in 2018 and anticipated to garner earnings about 6.27 (USD Billion) by 2025
The global Fault Current Limiter market, which accrued revenue worth 3.01 (USD Billion) in 2018 and anticipated to garner earnings about 6.27 (USD Billion) by 2025, is set to grow at a CAGR of nearly 9.1% during the period from 2019 to 2025. The report offers valuation and analysis of the Fault Current Limiter market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, restraints, revenue estimates, avenues, current & emerging trends, and industry-validated market information. The report offers historical data from 2015 to 2018 along with a forecast from 2019 to 2025 based on value (USD Billion).
A fault current is an abnormal flow of current found in an electric power system and it occurs as a result of a short circuit. A fault current limiter is an electric equipment that restricts the proportion of current flow through the network and offers strong protection to transmission & distribution networks. Apparently, fault current limiter is utilized in power systems for reducing waste of electric supply. In addition to this, escalating concerns pertaining to offering of reliable supply of power to customers will impel the business growth over the assessment period. Fault current limiter helps the t & d systems to function efficiently by allowing the incessant flow of power, thereby reducing the fault risk and improving customer safety.
Large-scale demand for proficient supply of electricity along with the need for effective interconnection mechanisms in the power utility grid are few of the major aspects driving the expansion of fault current limiter industry over the forecast timeline. Growing need for smart electric grid infrastructure along with massive renewable energy trends will boost fault current limiter market expansion in the years ahead. Nevertheless, oscillating raw material costs will put brakes on the market growth over the forecast timeline.
Furthermore, humungous acceptance of superconducting fault current limiters will provide lucrative growth avenues for fault current limiter industry over the forecasting years. With many of the firms and utility operators funding safety equipment production, the market for fault current limiter is anticipated to gain traction in the years to come.
The expansion of fault current limiter industry in North America over the forecast timeline is due to the upgrading of old transmission & distribution networks in the countries such as Canada and the U.S. In addition to this, swiftly expanding information & communication technology sector and need for incessant supply of power to data centers in countries like the U.S. will prompt the market penetration in the sub-continent over the forecast timeline. Huge allocation of funds for developing robust smart grid infrastructure for preventing power outages or blackouts at the remote locations will further prop up the expansion of fault current limiter industry in North America over the coming decade.
Report Attributes | Report Details |
---|---|
Report Name | Fault Current Limiter Market Research Survey Report |
Market Size in 2018 | USD 3.01 Billion |
Market Forecast by 2025 | USD 6.27 Billion |
Compound Annual Growth Rate | CAGR of 9.1% |
Number of Pages | 110 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | Rongxin Power Electronic Co Ltd, Siemens Ag, Alstom, Gridon, Superconductor Technologies Inc, American Superconductor Corporation, Superpower Inc, ABB LTD, Applied Materials, and Zenergy Power Electric Co |
Segments Covered | By Type, By Voltage Range, By End-User, Regional Analysis |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA) |
Countries Covered | North America: U.S and Canada Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific Latin America: Brazil, Argentina, Chile The Middle East And Africa: South Africa, GCC, Rest of MEA |
Base Year | 2018 |
Historical Year | 2016 - 2018 |
Forecast Year | 2019-2025 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Key participants profiled in the study include Rongxin Power Electronic Co. Ltd., Siemens Ag, Alstom, Gridon, Superconductor Technologies Inc., American Superconductor Corporation, Superpower Inc., ABB LTD, Applied Materials, and Zenergy Power Electric Co.
By Type
By Voltage Range
By End-User
FrequentlyAsked Questions
Large-scale demand for proficient supply of electricity along with need for effective interconnection mechanism in power utility grid are few of the major aspects driving the expansion of fault current limiter industry over the forecast timeline. Growing need for smart electric grid infrastructure along with massive renewable energy trends will boost fault current limiter market expansion in the years ahead. Furthermore, humungous acceptance of superconducting fault current limiters will provide lucrative growth avenues for fault current limiter industry over the forecasting years. With many of the firms and utility operators funding safety equipment production, the market for fault current limiter is anticipated to gain traction in the years to come.
According to Zion market research report, the global Fault Current Limiter market, which accrued revenue worth 3.01 (USD Billion) in 2018 and anticipated to garner earnings about 6.27 (USD Billion) by 2025, is set to grow at a CAGR of nearly 9.1% during the period from 2019 to 2025.
North America is likely to make noteworthy contributions towards overall market revenue during forecast period. The regional market growth over 2019-2025 can be credited to upgrading of old transmission & distribution networks in the countries such as Canada and the U.S. In addition to this, swiftly expanding information & communication technology sector and need for incessant supply of power to data centers in countries like the U.S. will prompt the market penetration in the sub-continent over the forecast timeline. Huge allocation of funds for developing robust smart grid infrastructure for preventing power outages or blackouts at the remote locations will further prop up the expansion of fault current limiter industry in North America over the coming decade.
The key players profiled in the report include Rongxin Power Electronic Co. Ltd., Siemens Ag, Alstom, Gridon, Superconductor Technologies Inc., American Superconductor Corporation, Superpower Inc., ABB LTD, Applied Materials, and Zenergy Power Electric Co.
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