Cable Fault Locator Market Size

Cable Fault Locator Market Size

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.

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.