Market Overview:
The global fault location monitors market is expected to grow from USD 1.5 billion in 2018 to USD 2.8 billion by 2030, at a CAGR of 7.7% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for precision fault location monitors and the growing need for information transfer in power grids. However, the high installation and maintenance cost of precision fault location monitors may restrain the growth of this market during the forecast period. Based on type, the global fault location monitors market is segmented into ordinary fault location monitors and precision fault location monitors.
Product Definition:
A Fault Location Monitor is a device used to help find the location of a fault on an electrical circuit. They are often used in conjunction with other devices, such as a ground fault detector or breaker trips, to help pinpoint the source of the problem. Fault Location Monitors can be very important in ensuring that electrical problems are fixed quickly and efficiently.
Ordinary Fault Location Monitors:
Fault Location Monitors (FLM) is a system used to record and display real-time data of an electrical or mechanical device. It monitors the performance of electronic components in industrial, manufacturing, construction and other applications. The fault location monitors market is expected to witness significant growth over the forecast period owing to its ability to reduce downtime by locating faults quickly.
Precision Fault Location Monitors:
Precision fault location monitors are electronic devices used to locate the precise position of faults in electrical networks. They are also known as digital probe meters or digital diagnostic meters. These devices have a wide range of applications from power grid monitoring to railway control systems and nuclear power plants, etc. The primary function of these devices is to help technicians find the exact point at which a fault occurs in an electric network by making use of electronic sensors mounted on it's body or head (optionally).
Application Insights:
The power grid segment dominated the market in 2017 and is expected to witness significant growth over the forecast period. The growing need for maintaining reliable electricity supply across various regions coupled with rising demand from end-use industries is anticipated to drive the segment growth. In addition, a rise in number of power outages across various regions due to natural calamities such as earthquakes and floods is expected to increase market penetration during 2018-2030 period.
The other application segment includes transportation, oil & gas, healthcare, military & defense among others. Other applications are estimated to witness moderate growth over the forecast period owing to factors such as increasing investments by governments for developing infrastructure and technological advancements that improve efficiency of location monitors used in these sectors among others.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for advanced technologies in industrial applications and growing adoption of automation across various industries. Moreover, rising investments in renewable energy generation coupled with increasing need for power grid monitoring are some other factors driving the Asia Pacific regional market.
The European region dominated the global industry owing to stringent regulations laid down by various regulatory bodies such as EMC2, CSA2, VCCI3 and others pertaining to electrical equipment safety standards that have driven Fault Location Monitors (FLM) sales in this region significantly over the past few years. However, North America is expected to emerge as a promising destination for FLM vendors due its well-established power infrastructure along with technological advancements witnessed thereon during recent years which will continue leading towards higher penetration rates of FLMs across numerous applications thereby propelling overall growth of North American regional market at a significant pace during future years ahead.
Growth Factors:
- Increasing demand for electric power due to population growth and industrialization
- Rising concerns over grid security and reliability
- Proliferation of microgrids and distributed energy resources
- Growing popularity of smart grids and the internet of things (IoT)
- Advances in fault detection technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Fault Location Monitors Market Research Report
By Type
Ordinary Fault Location Monitors, Precision Fault Location Monitors
By Application
Information Transfer, Power Grid, Other
By Companies
Qualitrol Corp, Megger, Bender, Hakel, Consolidated Edison Company
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
225
Number of Tables & Figures
158
Customization Available
Yes, the report can be customized as per your need.
Global Fault Location Monitors Market Report Segments:
The global Fault Location Monitors market is segmented on the basis of:
Types
Ordinary Fault Location Monitors, Precision Fault Location Monitors
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Information Transfer, Power Grid, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Qualitrol Corp
- Megger
- Bender
- Hakel
- Consolidated Edison Company
Highlights of The Fault Location Monitors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ordinary Fault Location Monitors
- Precision Fault Location Monitors
- By Application:
- Information Transfer
- Power Grid
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fault Location Monitors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fault location monitors are a type of monitoring tool that can be used to identify the source of an electrical or mechanical failure. Fault location monitors typically include sensors that detect abnormal voltage levels, current flows, or heat signatures. These sensors help engineers determine where in a system the failure occurred and which components may need to be replaced.
Some of the key players operating in the fault location monitors market are Qualitrol Corp, Megger, Bender, Hakel, Consolidated Edison Company.
The fault location monitors market is expected to grow at a compound annual growth rate of 7.7%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fault Location Monitors Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Fault Location Monitors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fault Location Monitors Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Fault Location Monitors Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Fault Location Monitors Market Size & Forecast, 2020-2028
4.5.1 Fault Location Monitors Market Size and Y-o-Y Growth
4.5.2 Fault Location Monitors Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Ordinary Fault Location Monitors
5.2.2 Precision Fault Location Monitors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Information Transfer
6.2.2 Power Grid
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fault Location Monitors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fault Location Monitors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Ordinary Fault Location Monitors
9.6.2 Precision Fault Location Monitors
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Information Transfer
9.10.2 Power Grid
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Ordinary Fault Location Monitors
10.6.2 Precision Fault Location Monitors
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Information Transfer
10.10.2 Power Grid
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Ordinary Fault Location Monitors
11.6.2 Precision Fault Location Monitors
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Information Transfer
11.10.2 Power Grid
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Ordinary Fault Location Monitors
12.6.2 Precision Fault Location Monitors
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Information Transfer
12.10.2 Power Grid
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Ordinary Fault Location Monitors
13.6.2 Precision Fault Location Monitors
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Information Transfer
13.10.2 Power Grid
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fault Location Monitors Market: Competitive Dashboard
14.2 Global Fault Location Monitors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Qualitrol Corp
14.3.2 Megger
14.3.3 Bender
14.3.4 Hakel
14.3.5 Consolidated Edison Company
