Cable Fault Locator Market Analysis

Cable Fault Locator Market Analysis

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.
 

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 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 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.