The rising awareness about green energy sources across the world is transforming the energy and power industry. The trend of green energy is emerging on account of increasing environmental pollution from traditional energy resources. Governments are playing a significant role on conducting awareness programs about clean energy. Fortune Business Insights in a report, titled “Faulted Circuit Indicator Market Size, Share & Industry Analysis, By Type (Overhead Line Fault Indicator, Cable Fault indicator, Panel Fault Indicator, Others), By Application (Earth Fault Indicator, Short Circuit Indicator, Short Circuit and Earth Fault Indicator) and Regional Forecast, 2019-2026” published the above information.
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Fortune Business Insights provides a detailed evaluation of the global market by analyzing the factors driving the market. Besides this, it also discusses some of the economic trends prevailing in the energy and power industry. These trends are analyzed in the report to see an overall impact on the global market.
Top Players Overview:
- Schweitzer Engineering Laboratories (SEL)
- Horstmann GmbH
- Thomas & Betts Corporation
- Elektro-Mechanik GmbH
- Schneider Electric
- Streamer Inc.
- Siemens Energy
- Edison Controls F.C.I. Inc.
- GE Grid Solutions
- Power Delivery Products
- S&C Electric Company
- Sun Electric.
Key Market Driver – Modernization of electrical infrastructure and rural electrification
Key Market Restraint – Lack of awareness
Increasing use of smart grids and smart metering are likely to help for the better management of power services. Better infrastructural facilities are also expected to encourage growth in the market.
The increased spending on oil and gas across the world is another factor likely to drive the Faulted Circuit Indicator Market. Rising investments in energy efficiency projects backed by governments may also stimulate growth in the market. The penetration of renewable sources is increasing, fueling demand for energy and which is expected to drive the Faulted Circuit Indicator Market.
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Key Segmental Overview:
1. By Type
- Overhead Line Fault Indicator
- Cable Fault indicator
- Panel Fault Indicator
2. By Application
- Earth Fault Indicator
- Short Circuit Indicator
- Short Circuit and Earth Fault Indicator
3. By Geography
- North America (USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, and Rest of Latin America)
- Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)
The information used is derived from various primary and secondary sources. It also throws light on some of the major players operating in the market. The report studies profiles of these leading companies and their share in the market. It provides insights on some of the strategies adopted by these companies to survive competition and maintain their stronghold.
Major Table of Content For Faulted Circuit Indicator Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Faulted Circuit Indicator Market Analysis, Insights and Forecast, 2014-2025
- North America Faulted Circuit Indicator Market Analysis, Insights and Forecast, 2014-2025
- Europe Faulted Circuit Indicator Market Analysis, Insights and Forecast, 2014-2025
- Asia Pacific Faulted Circuit Indicator Market Analysis, Insights and Forecast, 2014-2025
- Middle East and Africa Faulted Circuit Indicator Market Analysis, Insights and Forecast, 2014-2025
- Latin America Faulted Circuit Indicator Market Analysis, Insights and Forecast, 2014-2025
- Competitive Landscape
- Company Profile
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Key Industry Developments
- In August 2019, the Government of Canada has announced a $2.9 million investment in a smart grid project in the town of Parry Sound, led by Bracebridge Generation and utility software engineering pioneer Opus One Solutions. The project aims to help the utility reduce system costs and improve the long-term flexibility and reliability of the grid by leveraging a set of grid intelligence tools that monitor and control locally connected renewable energy generation, storage, and residential demand management resources.
- In August 2019, Ameren began its installation of new electrical equipment that will facilitate a smart technology grid throughout Missouri’s capital city.
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