Cable Fault Locator Market Size - By Product (Cable Sheath Fault Locators, Cable Route Tracer, Time Domain Reflectometer, Pin Pointers, Voltage Surge Generators), By Type (Portable, Handheld), Application & Forecast, 2021 - 2027

Industry Trends

Cable Fault Locator Market size exceeded USD 500 million in 2020 and is anticipated to grow at a CAGR of over 10% between 2021 and 2027. The increasing demand for underground cable infrastructure is supporting the market growth.
 

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The rising demand for power across industries in urban areas is projected to increase the demand for underground cable systems that are easy to monitor & diagnose and are safe from extreme weathers. These cables also increase the reliability of power transmission. Underground cables’ locations are not always precise, leading to damage of cables or electrocutions. The growing need for reliable and continuous energy solutions is propelling the use of underground cable technologies, supporting the cable fault locator market expansion during the forecast period.
 

During the COVID-19 pandemic, there was disruption in supply chain activities due to quarantine restrictions, decreasing the production and supply of cable fault locator solutions. In the post-pandemic scenario, the companies operating in the cable fault locator market are focusing on establishing new working models with both internal staff and external partners. The adoption of modern communication technologies is expected to grow. The normalization of various business activities post-COVID-19 is increasing the demand for cable router tracer and TDRs. 
 

In Canada, the increasing demand for underground cables is supporting the market revenue of cable sheath fault locators

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In Canada, cable sheath fault locator held 25% of the market share in 2020 led by the growing cable sheath damages as a result of rapidly changing environmental conditions. The damages in the cable sheath enable water ingress, causes corrosion within the cables, impacting the electric performance of the cables. The cable sheath fault locators are also quite popular across the medium and high voltage cable fault detection. Leading players in the utility sector are focusing on adapting to the changing requirements of customers.
 

Handheld fault locator market to grow at the highest CAGR in the UK region

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In UK, the handheld cable fault locator market is poised to witness 5% growth rate through 2027. Handheld type fault locator is lightweight & compact compared to a portable cable fault locator and can be easily carried over long distances. It is used to detect faults in metallic cables. Advanced signal processing features in the locator enable it to find opens, short circuits, splices, taps, water ingress, and other elusive impedance mismatches. The built-in tone generator also provides a tone for wire tracing and identification.
 

In China, the power and energy segment held the highest market share

In China, the power and energy sector in the cable fault locator market held a significant revenue share in 2020 attributed to the use of a large number of high and medium voltage cables for power generation and distribution. The power sector uses cables for transmission over long distances. The growing industry demand for electricity across the globe is fostering the need for high and medium voltage cables. Smart grids have emerged as major technological advancements after the invention of the internet. Governments across the countries are investing intensively in the development and deployment of smart grids to reduce carbon dioxide emissions, enhancing the performance of electricity supply by providing real-time monitoring of the transmission, distribution, and generation of the network.
 

North America region is slated to dominate the industry revenue

North America cable fault locator market size will reach USD 400 million by 2027 on account of the well-established power industry in the region. The market progression is credited to the growing power infrastructure across North America. In addition, the restoration of aging underground cabling and the construction of new cables will drive the overall industry expansion. The energy & power sector is undergoing rapid changes in North America owing to the increasing electricity market demand, which is moving toward the combination of large-scale renewable resources, supporting the industry value over the forecast period.
 

Major players operating in the market are emphasizing on development of innovative cable fault locator products

Major companies operating in the cable fault locator market are Asian Contec Ltd. Stanlay, BAUR GmbH, Bowden Bros Ltd., CAHORS, Clinton Instrument, Dipl.-Ing. H. Horstmann GmbH, Eaton Corporation, Elektro-Mechanik GmbH (EMG), High Voltage, Inc., Hubbell Incorporated, Megger, Nortroll AS, Schneider Electric SE, Schweitzer Engineering Laboratories, Inc. (SEL), Siemens AG, and The 3M Company. The industry leaders are emphasizing on development of innovative cable fault locator products to gain the competitive advantage over their competitors.
 

The cable fault locator market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2027 for the following segments:

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Market, By Product

• Cable Sheath Fault Locators
• Cable Route Tracer
• Time Domain Reflectometer
• Pin Pointers
• Voltage Surge Wave Generators
• Others

Market, By Type

• Portable
• Handheld

Market, By Application

• Telecom
• Power and Energy
• Electronics
• Mining
• Construction
• Petroleum
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa