Faulted Circuit Indicators Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026
Power distribution networks are vulnerable to faults caused by different factors such as adverse climatic conditions and equipment failure. For improving the service reliability and avoid predetermined penalties, it is desirable for utilities to quickly find the location of the fault and consequently, reduce the restoration time. Working principle of the faulted circuit indicator is that it typically senses the magnetic field produced by excess flow of the current through a cable or conductor. Some indicators also measure the electric field generated by voltage in the conductor.
Faulted circuit indicators are
devices which indicate passage of the fault current. When properly installed,
they can reduce operating costs and service interruptions by identifying
failure of the section. Faulted circuit indicators enhance safety and lessen
equipment damage by dropping the need for risky fault-clearing procedures. In
order to achieve ample benefits, the faulted circuit indicator must reliably
indicate the passage of the fault current through the cable on which the
faulted circuit indicator is mounted.
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Overhead-line faulted circuit
indicators are used to visualize the event of an electric current fault
occurring in any overhead electric system. On the other hand, underground
indicators trace faults in underground transmission systems located in
underground vaults. Some faulted circuit indicators indicate back to the
control room using cellular or radio signals.
Faulted circuit indicators can be
placed in cables or overhead areas. The overhead protection includes detecting
overcurrent, overload, overvoltage, earth fault, short circuit fault, and any
other instability which would initiate the operating of other safety equipment.
Faulted circuit indicators are used in single-/three-phase overhead conductors,
feeder disconnects, unfused taps, and in underground cable areas. They are also
employed in underground transitions including dips and risers. On a grounded
system, when an electric fault is caused due to surplus current flowing through
a conductor that induces a magnetic field, the fault circuit indicator detects
the fault and causes a change in state of the mechanical target. Earth faulted
circuit indicators are used for ungrounded systems and sense the vector sum of
the current and any imbalance results indicate a fault on one or more of the
three phases.
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Based on region, the global faulted
circuit indicators market can be classified into North America, Latin
America, Europe, Middle East & Africa, and Asia Pacific. Asia Pacific is
expected to dominate the global faulted circuit indicators market during the
forecast period. Increasing development and establishment of new smart grids,
growing industrialization, and rising installation and rearrangement of
transmission lines are some of the factors driving the demand for faulted
circuit indicators in the region. Additionally, rising usage of electric utilities,
increasing electricity generation, growing industrial sector, and high
investments made by certain players to protect industrial machinery promote the
growth of the market.
Asia Pacific, followed by North
America, holds a major share of the global faulted circuit indicators market,
in terms of value. China and the U.S. together hold around 50% the global
market share. The market in Middle East & Africa, followed by Western
Europe, is slated to witness significant growth during the forecast period.
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A few countries in Western and
Eastern Europe are inclining toward implementation of off-grid power systems,
which is projected to augment the demand for faulted circuit indicators in
these countries in the near future. Thus, these regions are expected to gain a
significant market share in the next few years. Additionally, sales of faulted
circuit indicators in Asia Pacific and Middle East & Africa are projected
to increase considerably in the near future.
Key players operating in the global
faulted circuit indicators market are Eaton Corporation, Power Deliver Products
Inc., ABB, General Electric, Siemens AG, Schneider Electric, S&C Electric
Company, and Sun Electric Company.
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