PUNE, India, October 28, 2015 /PRNewswire/ --
The report "Fault Current Limiter Market by Type (Superconducting & Non-superconducting), by Voltage Range (High, Medium & Low), by End-Users (Power Stations, Oil & Gas, Automotive, Steel & Aluminum, Paper Mills & Chemicals) and by Region - Global Forecast to 2020", published by MarketsandMarkets, Fault Current Limiter Market is expected to grow from an estimated USD 3.3 Billion in 2015 to USD 5.2 Billion by 2020, at a CAGR of 9.2% from 2015 to 2020.
Browse 64 market data Tables and 49 Figures spread through 133 Pages and in-depth TOC on "Fault Current Limiter Market"
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The market report defines and segments the global Fault Current Limiter Market with an analysis and forecast of the market size.
Fault Current Limiter Market is expected to grow from an estimated USD 3.3 Billion in 2015 to USD 5.2 Billion by 2020, at a CAGR of 9.2% from 2015 to 2020. Increasing grid interconnections and growing need for efficient & reliable power are driving the Fault Current Limiter Market for across the globe.
Functional advantages of superconducting fault current limiter increases its market penetration
Amongst the two major type of fault current limiters, superconducting fault current limiter (SFCL) is considered to be the best alternative when compared to conventional protection equipment. It holds more than half of the total Fault Current Limiter Market. In normal conditions, SFCL causes negligible voltage and energy losses, but when a critical fault occurs, it transits to a highly resistive state. In this report, the SFCL has been categorized into two major types: resistive and inductive. The former is widely used due to its compactness and stability.
Increasing preference for high voltage fault current limiter
The report also segments Fault Current Limiter Market on the basis of its voltage range, which includes high (More than 40kV), medium (1-40 kV), and low (Less than 1kV). Medium and low voltage fault current limiters have been widely accepted in the past few years, but high voltage fault current limiter is at the emerging stage. However, some countries such as the U.S., China, and Germany have installed high voltage current limiters but have not commercialized at a larger extent. In future, high voltage fault current limiter is expected to grow at a higher CAGR of 9.4% during the forecast period.
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North America is the dominant market for fault current limiter
In this report, the Fault Current Limiter Market has been analyzed with respect to four regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World (ROW). North America will continue to dominate the market with strong smart grid initiatives, current T&D infrastructure upgrade, energy efficiency measures and renewable projects.
Fault Current Limiter Market
To provide an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the Fault Current Limiter Market include ABB limited (Switzerland), Siemens AG (Germany), Alstom (France), Nexans (France), and AMSC (U.S.) among others. Dominant players are trying to penetrate developing economies and adopting various methods to grab the market share.
Market share analysis by revenue for key companies is included in the report. The scope accordingly aids market participants to identify high growth markets and help managing key investment decisions. For this report, major players in the Fault Current Limiter Market have been identified using various primary and secondary sources, which include annual reports of top market players, interviews with key opinion leaders such as CEOs, directors, and marketing people. Based on this research, the market shares have been evaluated and validated.
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