Fault Current Limiter Market Size Analysis, Drivers, Restraints, Key Factors Forecast, 2030
Fault Current Limiter Market Overview The global Fault Current Limiter Market share is expected to rise at a CAGR of 7.64% , with a value of USD 6.92 billion over the estimated forecast year of 2022-2030. Drivers and Restraints Growing concerns for efficient and reliable power supply among the consumers is expected to fuel the fault current limiter market. The government is taking initiatives to modernize the T&D system along with the fuses used, and the insufficiency of circuit breakers within the system is driving the market. Consumer inclination towards renewable energy applications along with high demand for modernized & intelligent power grid infrastructure may give rise to the market growth. On the other hand, lack of standards for fault current limiter, high cost, commercialization, and safety concerns concerning large scale high-temperature superconducting fault current limiter in power systems may hinder the global fault current limiter market to some exten