Fault Current Limiter Market by Type (Superconducting & Non-superconducting), by Voltage Range (High, Medium & Low), by End-Users (Power Stations, Oil & Gas, Automotive, Steel & Aluminum, Paper Mills & Chemicals) and by Region - Global Forecast to 2020
[133 Pages Report] Fault current limiter technology provides a perfect solution to control fault current levels on utility distribution and transmission networks. The device remains invisible unlike reactors which possess some resistance during normal operation. This technology increases the efficiency and reliability of the electrical system and eliminates wide area blackouts, reduce localized disruptions, and improve recovery time when faults do occur. Factors driving the Fault Current Limiter Market include increase in interconnection of electric utility grid in emerging economies, demand for efficient & reliable power and growing government initiatives to expand and upgrade the existing T&D system.
Global Fault Current Limiter Market stands at USD 3.1 billion in 2014, and is expected to grow at a CAGR of 9.2% during 2015-2020.
Fault current limiter market is segmented on the basis of its type, voltage range, end-users industries and region. The years considered for the study are:
- Historical Year 2013
- Base Year 2014
- Estimated Year 2015
- Projected Year 2020
- Forecast Period 2015 to 2020
For company profiles in the report, 2014 has been considered. Where information is unavailable for the base year, the prior year has been considered.
Research Methodology
This research study involves extensive usage of secondary sources, directories, and databases (such as Hoovers, Bloomberg, Businessweek, Factiva, and OneSource) to identify and collect information useful for this technical, market-oriented, and commercial aspects of fault current limiter. The below explain the research methodology.
- Analysis of all the operational and upcoming FCL projects across the globe along with capacity and voltage range
- Analysis of country-wise rate of electrification for the past three years
- Analysis of the grid upgrade and integration across various regions
- Estimation of installation cost of fault current limiters in various regions using the cost variance models
- Estimation of unit shipments of fault current limiter and arriving at the total market size using market engineering process
- Analyzing market trends in various regions/ and countries supported by the on-going T&D infrastructure spending in respective regions/ countries
- Overall market size values are finalized by triangulation with the supply side data which include the product developments, supply chain and annual shipments of fault current limiter across the globe
After arriving at the overall market size the total market has been split into several segments and sub-segments. The figure below shows the break-down of the primaries on the basis of company, designation, and region, conducted during the research study.
The figure below shows the break-down of the primaries on the basis of company, designation, and region, conducted during the research study.
Market Ecosystem:
Fault current limiter market starts with raw material suppliers which include current limiting fuses, triggering devices, insulators, copper bars, and so on. In the later stage, manufacturing of fault current limiters takes place where all raw materials are assembled. These devices are then distributed to large scale industries, utilities, and commercial facilities.
Stakeholders:
The stakeholders for the report includes:
- Raw material suppliers- these include Saint Gobain (France), AGC Group (Japan), Corning Inc. (U.S.), Fairchild Semiconductor (U.S.), Analog Devices (U.S.), Rotex (India), and Deltrol Controls (U.S.) among others
- OEMs/FCL Manufacturers - these include ABB Group (Switzerland), Alstom (France), Nexans (France), American superconductors (U.S.), and GridON among others
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:
- By Type:
- Superconducting fault current limiter (SFCL)
- Resistive
- Inductive
- Others
- Non-superconducting fault current limiter (NSFCL)
- Saturable core
- Solid State
- Superconducting fault current limiter (SFCL)
- By Voltage Range:
- Low (Less than 1kV)
- Medium (1-40 kV)
- High (More than 40 kV)
- By End-Users
- Power Stations
- Oi & Gas
- Automotive
- Steel & Aluminum
- Paper Mills
- Chemicals
- By Region
- North America
- Europe
- Asia-Pacific
- RoW
Available Customizations:
With the given market data, MarketsandMarkets offers customizations as per the clients specific needs. The following customization options are available for the report:
Regional Analysis
- Further breakdown of region/country-specific analysis
Company Information
- Detailed analysis and profiling of additional market players (Up to 5)
Global Fault Current Limiter Market is projected to grow at a CAGR of 9.2% during 2015-2020, to reach a value of USD 5.2 Billion by 2020. This growth is attributed to increasing interconnections of electric utility grid and rise in government initiatives to expand & upgrade the existing T&D system.
Applications of fault current limiter are not limited to any single industry. There is scope for their usage in almost every industry related to technology, power, and transmission. All equipment and services related to electricity, power transmission, and electronics require circuit protection from overloads. Fault current limiter plays a crucial role in safeguarding the equipment and related machinery from circuit overload in almost every industry.
The report segments fault current limiter market on the basis of its major end-users industries which include power stations, oil & gas, steel & aluminum, paper mills, chemicals and automotive. Chemicals, automotive and power stations are the fastest growth markets for fault current limiter.
Superconducting fault current limiter (SFCL) is the fastest growing segment. It is considered as the best alternative when compared to conventional protection equipment. With increasing applications in end-user industries such as energy, defense, transportation, chemicals, and many others, the SFCL segment is expected to continue to dominate the market. In this report, the SFCL segment has been categorized into two major types: resistive and inductive. The former is widely used due to its compactness and stability.
North America has been the leading market for fault current limiter in 2014 with the help of renowned power FCL manufacturing companies in the U.S. The region is currently focusing on upgrade and replacement of its aging infrastructure, improving grid reliability, and enabling smarter power networks. The U.S. and Canada are the fastest growth markets in the region with CAGR of 9.2% and 9.4%, respectively, during 2015-2020. The figure below shows the North American countries market size in 2015 and 2020 with respective CAGRs during 2015-2020.
Fault current limiter includes multiple components made of glass, visitors, diodes, solenoids, copper, and metal wirings among others. Prices of the raw materials for these components are rising causing a weak control on cost of manufacturing. Certain limiters such as solid state, inductive also have gold and silver content, particularly for tolerance purpose, which makes the overall assembly of the device expensive. This has proved to be a restraining factor on the fault current limiter market.
Some of the leading players in the fault current limiter market include ABB Limited (Switzerland), Siemens AG (Germany), Alstom (France), Nexans (France), and AMSC (U.S.) among others. Contracts & agreements was the most commonly used strategy by top players in the market, constituting half of the total developments share. It was followed by new product launches, expansion and other developments.
Table of Contents
1 Introduction (Page No. - 12)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 16)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 Executive Summary (Page No. - 25)
4 Premium Insights (Page No. - 32)
4.1 Attractive Growth Opportunities in Fault Current Limiter Market
4.2 Fault Current Limiter Market- Region Wise Analysis
4.3 Fault Current Limiter Market, By Type
4.4 Fault Current Limiter Market: Asia-Pacific
5 Market Overview (Page No. - 37)
5.1 Introduction
5.2 Market Segmentation
5.2.1 By Type
5.2.2 By Voltage Range
5.2.3 By Application
5.2.4 By Region
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Interconnection to Electric Utility Grid
5.3.1.2 Growing Concern for Efficient & Reliable Power
5.3.1.3 Government Initiatives to Expand Or Upgrade the T&D System
5.3.1.4 Inadequacy of Circuit Breakers & Fuses
5.3.2 Restraints
5.3.2.1 Rising Price of Raw Materials
5.3.3 Opportunities
5.3.3.1 Demand for Intelligent & Modernized Power Grid Infrastructure
5.3.3.2 Rise in Renewable Energy Targets
5.3.4 Challenges
5.3.4.1 Safety Concerns
5.3.5 Value Chain Analysis
5.3.6 Porters Five Forces Analysis
5.3.6.1 Threat of Substitutes
5.3.6.2 Threat of New Entrants
5.3.6.3 Bargaining Power of Buyers
5.3.6.4 Bargaining Power of Suppliers
5.3.6.5 Intensity of Competitive Rivalry
6 Market, By Type (Page No. - 47)
6.1 Introduction
6.2 Superconducting Fault Current Limiter
6.2.1 By Sub-Type
6.3 Non-Superconducting Fault Current Limiter
6.3.1 By Sub-Type
7 Market, By Voltage Range (Page No. - 57)
7.1 Introduction
7.2 Medium Voltage Fault Current Limiter
7.3 Low Voltage Fault Current Limiter
7.4 High Voltage Fault Current Limiter
8 Market, By End-User (Page No. - 62)
8.1 Introduction
8.2 Power Stations
8.3 Oil & Gas
8.3.1 By Sub-Type
8.4 Automotive
8.5 Paper Mills
8.6 Chemicals
8.7 Steel & Aluminum
9 Market, By Region (Page No. - 70)
9.1 Introduction
9.2 North America
9.2.1 Introduction
9.2.2 By Country
9.2.2.1 U.S.
9.2.2.2 Canada
9.2.2.3 Rest of North America
9.3 Asia-Pacific
9.3.1 Introduction
9.3.2 By Country
9.3.2.1 China
9.3.2.2 Japan
9.3.2.3 South Korea
9.3.2.4 India
9.3.2.5 Rest of Asia-Pacific
9.4 Europe
9.4.1 Introduction
9.4.2 By Country
9.4.2.1 U.K.
9.4.2.2 Germany
9.4.2.3 France
9.4.2.4 Rest of Europe
9.5 Rest of the World
9.5.1 Introduction
9.5.2 By Country
9.5.2.1 Brazil
9.5.2.2 Saudi Arabia
9.5.2.3 UAE
9.5.2.4 Argentina
9.5.2.5 Others
10 Competitive Landscape (Page No. - 95)
10.1 Overview
10.2 Competitive Situation & Trends
10.3 Contracts & Agreements
10.4 Expansions
10.5 New Product/Technology Launches
10.6 Other Developments
11 Company Profiles (Page No. - 105)
11.1 Introduction
11.2 ABB Ltd.
11.2.1 Business Overview
11.2.2 Products Offered
11.2.3 Recent Developments, 20122015
11.2.4 SWOT Analysis
11.2.5 MNM View
11.3 Alstom
11.3.1 Business Overview
11.3.2 Product Offerings
11.3.3 Recent Developments
11.3.4 SWOT Analysis
11.3.5 MNM View
11.4 American Superconductor Corporation
11.4.1 Business Overview
11.4.2 Product/Service Offerings
11.4.3 Recent Developments, 20122015
11.4.4 SWOT Analysis
11.4.5 MNM View
11.5 Siemens AG
11.5.1 Business Overview
11.5.2 Products Offered
11.5.3 Recent Developments, 20122015
11.5.4 SWOT Analysis
11.5.5 MNM View
11.6 Applied Materials
11.6.1 Business Overview
11.6.2 Products Offered
11.6.3 Recent Developments, 20122015
11.7 Gridon
11.7.1 Business Overview
11.7.2 Products Offered
11.7.3 Recent Developments, 2011-2014
11.8 Superpower Inc.
11.8.1 Business Overview
11.8.2 Products Offered
11.8.3 Recent Developments, 20132015
11.9 Superconductor Technologies Inc.
11.9.1 Business Overview
11.9.2 Products Offered
11.9.3 Recent Developments, 2015
11.10 Rongxin Power Electronic Co. Ltd.
11.10.1 Products Offered
11.10.2 Recent Developments
11.11 Zenergy Power
11.11.1 Business Overview
11.11.2 Products Offered
11.11.3 Recent Developments, 20112015
12 Appendix (Page No. - 133)
12.1 Available Customizations
12.2 Introducing RT: Real-Time Market Intelligence
12.3 Related Reports
List of Tables (64 Tables)
Table 1 Fault Current Limiter Market Size, By Type, 20132020 (USD Million)
Table 2 Key Superconducting Fault Current Limiter Projects
Table 3 Superconducting Fault Current Limiter Market Size, By Region, 20132020 (USD Million)
Table 4 Superconducting Fault Current Limiter Market Size, By Sub-Type, 20132020 (USD Million)
Table 5 Resistive Superconducting Fault Current Limiter Market Size, By Region, 20132020 (USD Million)
Table 6 Inductive Core Superconducting Fault Current Limiter Market Size, By Region, 20132020 (USD Million)
Table 7 Other Superconducting Fault Current Limiter Market Size, By Region, 20132020 (USD Million )
Table 8 Non-Superconducting Fault Current Limiter Market Size, By Region, 20132020 (USD Million)
Table 9 Non-Superconducting Fault Current Limiter Market Size, By Sub-Type, 20132020 (USD Million)
Table 10 Solid State Non-Superconducting Fault Current Limiter Market Size, By Region, 20132020 (USD Million)
Table 11 Saturable Core Non-Superconducting Fault Current Limiter Market Size, By Region, 20132020 (USD Million)
Table 12 Market, By Sub-Type, 20132020 (USD Million)
Table 13 Market Size, By Voltage Range, 20132020 (USD Million)
Table 14 Medium Voltage Fault Current Limiter Market Size, By Region, 20132020 (USD Million)
Table 15 Low Voltage Fault Current Limiter Market Size, By Region, 20132020 (USD Million)
Table 16 High Voltage Fault Current Limiter Market Size, By Region, 20132020 (USD Million)
Table 17 Market Size, By End-User, 20132020 (USD Million)
Table 18 Power Stations Market Size, By Region, 20132020( USD Million)
Table 19 Oil & Gas Market Size, By Region, 20132020 (USD Million)
Table 20 Oil & Gas Market Size, By Sub-Type, 20132020 (USD Million)
Table 21 Automotive Market Size, By Region, 20132020 (USD Million)
Table 22 Paper Mills Market Size, By Region, 20132020 (USD Million)
Table 23 Chemicals Market Size, By Region, 20132020 (USD Million)
Table 24 Steel & Aluminum Market Size, By Region, 20132020 (USD Million)
Table 25 Fault Current Limiter: Top Five Countries Market Size, 20132020 (USD Million)
Table 26 Fault Current Limiter Market Size, By Region, 20132020 (USD Million)
Table 27 North America: Market Size, By Country, 20132020 (USD Million)
Table 28 North America: Market Size, By Type, 20132020 (USD Million)
Table 29 North America: Market Size, By Voltage Range, 20132020 (USD Million)
Table 30 North America: Market Size, By End-User, 20132020 (USD Million)
Table 31 U.S.: Renewable Consumption, 2013-2016 (Quadrillion Btu)
Table 32 U.S.: Market Size, By Type, 20132020 (USD Million)
Table 33 Canada: Market Size, By Type, 20132020 (USD Million)
Table 34 Rest of North America: Market Size, By Type, 20132020 (USD Million)
Table 35 Asia-Pacific: Market Size, By Country, 20132020 (USD Million)
Table 36 Asia-Pacific: Market Size, By Type, 20132020 (USD Million)
Table 37 Asia-Pacific: Market Size, By Voltage Range, 20132020 (USD Million)
Table 38 Asia-Pacific: Market Size, By End-User, 20132020 (USD Million)
Table 39 China: Market Size, By Type, 20132020 (USD Million)
Table 40 Japan: Market Size, By Type, 20132020 (USD Million)
Table 41 South Korea: Market Size, By Type, 20132020 (USD Million)
Table 42 India: Market Size, By Type, 20132020 (USD Million)
Table 43 Rest of Asia-Pacific: Market Size, By Type, 20132020 (USD Million)
Table 44 Europe: Market Size, By Country, 20132020 (USD Million)
Table 45 Europe: Market Size, By Type, 20132020 (USD Million)
Table 46 Europe: Market Size, By Voltage Range, 20132020 (USD Million)
Table 47 Europe: Market Size, By End-User, 20132020 (USD Million)
Table 48 U.K.: Market Size, By Type, 20132020(USD Million)
Table 49 Germany:Market Size, By Type, 20132020(USD Million)
Table 50 France: Market Size, By Type, 20132020 (USD Million)
Table 51 Rest of Europe: Market Size, By Type, 20132020 (USD Million)
Table 52 RoW: Market Size, By Country, 20132020 (USD Million)
Table 53 RoW: Market Size, By Type, 20132020 (USD Million)
Table 54 RoW: Market Size, By Voltage Range, 20132020 (USD Million)
Table 55 RoW: Market Size, By End-Users, 20132020 (USD Million)
Table 56 Brazil: Market Size, By Type, 20132020 (USD Million)
Table 57 Saudi Arabia: Market Size, By Type, 20132020 (USD Million)
Table 58 UAE: Market Size, By Type, 20132020 (USD Million)
Table 59 Argentina: Market Size, By Type, 20132020 (USD Million)
Table 60 Others: Market Size, By Type, 20132020 (USD Million)
Table 61 Contracts & Agreements, 20112015
Table 62 Expansions, 20142015
Table 63 New Product/Technology Launches, 2011-2012
Table 64 Other Developments, 20122015
List of Figures (49 Figures)
Figure 1 Markets Covered: Fault Current Limiter Market
Figure 2 Fault Current Limiter Market: Research Design
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Assumptions of the Research Study
Figure 6 Limitations of the Research Study
Figure 7 North America Occupied the Largest Market Share in 2014
Figure 8 Fault Current Limiter Market Snapshot (2015 vs. 2020): Europe is Expected to Exhibit the Highest Growth Rate in the Next Five Years
Figure 9 The Superconducting Fault Current Limiter Segment is Projected to Dominate the Market During the Forecast Period
Figure 10 The Power Stations Segment is Expected to Capture the Largest Market Share During the Forecast Period
Figure 11 Fault Current Limiter Market Size, 2015 & 2020 (USD Million)
Figure 12 Upgrading Existing Network & Rising Investment in T&D Infrastructure to Boost Fault Current Limiter Market
Figure 13 North America Dominated this Market in 2014
Figure 14 Superconducting Fault Current Limiter (Sfcl) to Capture Lions Share in this Market
Figure 15 Asia-Pacific: China, Japan, & South Korea are Major Contributors to the Market, 2014
Figure 16 Fault Current Limiter Market Segmentation, By Type
Figure 17 Fault Current Limiter Market Segmentation, By Voltage Range
Figure 18 Fault Current Limiter Market Segmentation, By End-User
Figure 19 Fault Current Limiter Market Segmentation, By Region
Figure 20 Interconnection of Grid Along With Rising Investments in T&D Infrastructure is Expected to Propel the Growth of the Market
Figure 21 Access to Electricity (% of Population)
Figure 22 Growing Renewable Energy Mix By 2030
Figure 23 Value Chain: Fault Current Limiter Market
Figure 24 Fault Current Limiter Market: Porters Five Forces Analysis
Figure 25 Fault Current Limiter Market Share (Value), By Type, 2014
Figure 26 Fault Current Limiter Market Share (Value), By Voltage Range, 2014
Figure 27 Fault Current Limiter Market Share (Value), By End-User, 2014
Figure 28 Power Stations to Capture the Maximum Share in the Fault Current Limiter Market
Figure 29 Fault Current Limiter Market Analysis, By Country
Figure 30 Fault Current Limiter Market Share (Value), By Region, 2014
Figure 31 Companies Adopted Various Growth Strategies in the Past Five Years, 20112015*
Figure 32 Battle for Market Share: Contract & Agreement is the Key Strategy Adopted By the Players, 20112015*
Figure 33 Market Evolution Framework: Contracts & Agreements has Led to the Market Growth, 20112015*
Figure 34 Regional Revenue Mix of the Top Five Market Players
Figure 35 ABB Ltd. SWOT Analysis
Figure 36 Alstom: Company Snapshot
Figure 37 Alstom: SWOT Analysis
Figure 38 Nexans S.A.: Company Snapshot
Figure 39 Nexans S.A.: SWOT Analysis
Figure 40 AMSC: Company Snapshot
Figure 41 AMSC: SWOT Analysis
Figure 42 Siemens AG: Company Snapshot
Figure 43 SWOT Analysis: Siemens AG
Figure 44 Applied Materials: Company Snapshot
Figure 45 Gridon: Company Snapshot
Figure 46 Superpower Inc.: Company Snapshot
Figure 47 Superconductor Technologies Inc.: Company Snapshot
Figure 48 Rongxin Power Electronic Co. Ltd.: Company Snapshot
Figure 49 Zenergy Power: Company Snapshot
Growth opportunities and latent adjacency in Fault Current Limiter Market