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 extent over the review period.

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Report Attribute/Metric	Details
CAGR	7.64% CAGR (2022-2030)
Base Year	2021
Forecast Period	2022-2030
Historical Data	2019 & 2020
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Type, Voltage Range and End-use
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)

Segmental Analysis

The global fault current limiter market has been segmented based on voltage range, type, and end-use.

· Based on type, the global market comprises superconducting and non-superconducting. The superconducting segment is poised to dominate the global market and is anticipated to grow with the highest CAGR.

· The global market is segmented based on voltage range as high, medium, and low voltage. The upper voltage segment is expected to grow with the fastest CAGR during the review period.

· Based on end-use, the global fault current limiter market is segmented into automotive, power stations, oil & gas, steel & aluminum, and paper mills & chemicals. The power stations segment is poised to hold the largest over the review period.

Regional Analysis

The geographical analysis of the global market has been conducted in four major regions, including the Asia Pacific, North America, Europe, Latin America, the Middle East, and Africa.

Competitive Analysis

The major market players operating in the global market as identified by MRFR are ABB (Switzerland), Siemens (Germany), Gridon (Israel), Superpower Inc. (US), Superconductor Technologies Inc. (US), Rongxin Power Electronic Co.Ltd. (China), Applied Materials (US), American Superconductor Corporation (US), Alstom (France), Zenergy Power Electric Co. (US), Nexans (France) , and others.

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