About Fault Indicators
Fault Indicators are devices that 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.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that European Manufacturers will contribute the maximum growth to Global Fault Indicators market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Eaton (Ireland), Schneider Electric SE (France), Siemens AG (Germany), ABB (Thomas & Betts) (United States), Dipl.-Ing. H. Horstmann GmbH (Germany), Elektro-Mechanik GMBH (Germany) and Bowden Bros Ltd (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Nortroll (Norway), Xiamen Four-Faith Smart Power Technology Co.,Ltd. (China), Franklin Electric (United States), Texas Instruments Incorporated (United States) and Electronsystem MD (Italy).
Segmentation Overview
AMA Research has segmented the market of Global Fault Indicators market by Type (Overhead Line Fault, Cable Fault, Panel Fault and Others), Application (Earth Faults, Short-Circuits, Power Distribution Network and Others) and Region.
On the basis of geography, the market of Fault Indicators has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Installation, the sub-segment i.e. Portable will boost the Fault Indicators market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. OEMs will boost the Fault Indicators market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Efficient Fault Management Using Remote Fault Indicators
Market Growth Drivers:
Increasing demand for fault indicators in power distribution is driving the global fault indicators market. Requirements to quality of supply are increasing in all industrialized and developing countries. This enables the use of FPIs as cost-reducing measures in all MV distribution networks since it reduces the duration of outages and thus increases QoS.
Challenges:
Lack of context and actionable insights
Restraints:
Fluctuating Raw Material Prices
Opportunities:
Technological Development and Advancement in the Fault Indicators by Various Manufacturers
Market Leaders and their expansionary development strategies
In May 2023, IBM, ONUG, unveiled IBM Hybrid Cloud Mesh, a SaaS offering that is designed to enable enterprises to bring management to their hybrid multicloud infrastructure.
In October 2023, Bloomberg and Riskthinking.AI announce the launch of the first physical risk indicators that account for every climate scenario endorsed by the Intergovernmental Panel on Climate Change (IPCC).
Key Target Audience
Fault Indicators Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.