Fault Current Limiter/Controller Market
- Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 -
2019
Fault
Current is any abnormal current in an electrical power system. An electrical
fault may occur due to short circuit, where the current bypasses the normal
load. Fault Current Limiters (FCL’s) are devices used in power systems that are
used to control the power wastage. FCL’s limit the amount of current flowing
through the systems and allows for the continual uninterrupted operation of the
system, thereby reducing the risk of fault and enhancing the safety of the
consumer.
To
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FCL
is one of the emerging markets with a number of manufacturers offering
prototypes for test and verification by the distributors mainly in U.K and the
U.S. The concept, however, is appreciated and it is accepted that existing
technologies do not fulfill the requirements and market needs. FCL’s have
gained wide acceptance in North America and Europe owing to the unique safety
features they offer to the power sources. The demand for commercial power has
increased due to growing industrialization, chiefly in Asia-Pacific. Raising
concerns among power suppliers to provide safe and secure transmission of
electricity to the customers have spurred the market growth.
Human
body is a good conductor of electricity. If any part of the body comes in contact
with electrical supply, electricity flows in the body through the tissues which
can cause extensive burns and can even stop the heart. The ability of FCL’s to
control the risk of faults by limiting the power transmission through power
systems; thereby adding to the safety of the customers is a major factor
driving the market. Government of U.K awarded around USD 1 million to the
Department of Energy and Climate Change for the development of next generation
FCL’s. However, FCL’s are still in their emerging phase and the governments are
likely to increase the use of FCL’s in the next three years providing
opportunities for the market.
Rongxin
Power Electronic Co. Ltd., Nexans and American Superconductors (AMSC), ABB
Limited are some of the key participants in the FCL’s market. Recently, Nexans
and AMSC introduced FCL’s for North American utilities to improve grid
reliability and operations while reducing costs.
This
research report analyzes this market depending on its market segments, major
geographies, and current market trends. Geographies analyzed under this
research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This
report is a complete study of current trends in the market, industry growth
drivers, and restraints. It provides market projections for the coming years.
It includes analysis of recent developments in technology, Porter’s five force
model analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing market
players and new entrants along with detailed value chain analysis.
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