The global cable fault locator market was worth US$ 784 Million in 2022 and is expected to reach US$ 1.54 Billion by the year 2029 at a notable CAGR of 10.1% between 2022 and 2029.
The present scenario is such that underground cable infrastructure is being asked for. These cables are known for rendering a higher reliability of power transmission. The fact that these cables are prone to damage on frequent basis in the wake of unforeseen uncertainties beneath can’t be ignored. This is where cable fault finders (better known as cable fault detectors) come into picture.
Cable capacitor discharge technique, time domain reflectometry, and arc reflection technique are conventional approaches. Technical competence coupled with expertise on the part of personnel is needed to handle the intricacies herein. As such, the cable fault locator market is expected to grow irrevocably in the forecast period.
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As cables are one of the essential components of several systems in telecommunications and IT verticals, damage could not be left unattended for longer. Thus cable fault locator market would grow on an unstoppable note in the forecast period.
At the same time, the fact that developing countries are yet to adopt cable fault locators at a larger scale can’t be ignored. Plus, the cost involved in manufacturing and setting up cable fault locators is high. These factors could restrain the cable fault locator market in the forecast period.
Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Cable Fault Locator Market’. It has its dedicated team of analysts and consultants to look through an eagle’s eye view in its primary, secondary, and tertiary modes of research.
“With electronics & telecom sector witnessing substantiation, the global cable fault locator market is bound to grow on a stupendous note in the forecast period”, says an analyst from Future Market Insights.
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Key Takeaways from Cable Fault Locator Market
- Europe holds the largest market share with Germany leading from the front. This could be credited to advancements in electricity transmission infrastructure with increase in demand for cable fault locator by electrical equipment, electronics, and consumer appliances.
- The Asia-Pacific is expected to grow at the fastest rate in the cable fault locator market with China dominating the market. The government is into deployment and development of smart grids, so as to curtail emissions of carbon dioxide.
- North America holds the second-largest market share due to an exorbitant demand for electricity all across the US.
Competitive Locator
- The 3M Company, in October 2019, did announce acquiring Acelity, Inc. along with KCI subsidiaries.
- Megger, in 2019, completed acquisition of Power Diagnostix of Aachen with the objective of providing diagnostic services regarding high-voltage installations.
What does the Report locate?
- The research study is based on portability type (portable and handheld), product type (cable sheath fault locators, cable route tracer, time domain reflectometer, pinpointer, voltage surge generator, and likewise), end-user (petroleum, electrical and electronics, telecommunication, power generation, mining, construction, and likewise).
- With rapid expansion of electronics & telecom vertical, the global cable fault locator market is expected to grow on an astonishing note in the forecast period.
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Cable Fault Locator Market by Category
By Portability Type:
- Portable
- Handheld
By Product Type:
- Cable Sheath Fault Locators
- Cable Route Tracer
- Time Domain Reflectometer
- Pinpointer
- Voltage Surge Generator
- Others
By End User:
- Petroleum
- Electrical and Electronics
- Telecommunication
- Power Generation
- Mining
- Construction
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA).
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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