• AMSC (American Superconductors Corporation) enters into a treaty with ComEd for deploying high-temperature superconductor technology of AMSC, which in turn would help in developing more reliable electric grid for ComEd customers. Increasing investments from regulatory bodies such as DHS (Department of Homeland Security) is expected to have positive impact on fault current limiter market as growing initiatives would help in securing electric grid of the nation against extreme weather conditions. Installation of REG system (Resilient Electric Grid) of AMSC in Chicago is likely to be a permanent part of power grid of Chicago.
• ABB has made heavy investment in China for developing world’s most innovative flexible and automated robotics factory in Shanghai. The new factory is likely to be developed in a way that it’s the most environmentally sustainable and sophisticated factory of future that would begin functioning by 2020-end. In addition, ABB and municipal government of Shanghai have collaborated on a wide-ranging strategic cooperation agreement for supporting infrastructure, transport, energy and industry of the region. For eliminating costly downtime, ABB has been providing innovative digital solutions, which in turn helps in improving energy usage, reliability and performance, thereby supplying access to world’s best platforms.

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Demand for Renewable and Energy-Efficient Supply to Fuel Supply of Fault Current Limiter

Surging concerns with regards to reliability and efficiency of power supply amongst the customers is anticipated to drive fault current limiter market. Current inadequacy of fuses and circuit breakers with rising grid interconnections is expected to drive fault current limiter market. Growing demand for modernized and intelligent power grid infrastructure coupled with rising preference for the renewable energy applications is expected to provide plenty of growth opportunities to fault current limiter market. Favorable initiatives by governments for modernizing and expanding current distribution and transmission system with growing demand from power stations is significantly supporting the growth of fault current limiter market.

Super Conducting Fault Current Limiter Products to Overpower Fault Current Limiter Market

Super conducting fault current limiter is gaining significant traction in fault current limiter market with growing use of superconductor materials across applications such as medical, electric motors, power transmission, transportation and generators amongst others. Ability to transit into highly resistive state during critical fault stages is mainly driving the demand and supply for super conducting fault current limiter. Stability and compactness are the major factors driving the preference for super conducting fault current limiter in the global market.

North America Makes Heavy Investments; Lucrative Opportunities Spotted in APAC

Europe and North America are making heavy investments in upgrading existing Transmission and Distribution (T&D) infrastructure, thereby positively influencing fault current limiter market of the regions. North America is expected to witness a significant growth in fault current limiter market owing to increasing smart grid initiatives, renewable projects, energy efficiency measures and constant upgradation of T&D infrastructure.

Europe fault current limiter market is keenly concentrating on the smart grid technology with upgradation of its existing infrastructure for better reliability and effective networks. Conventional protection devices have been holding limited capability to deal with rising capacity, particularly at the high voltage networks. The technical fissure increases the scope of growing demand for the fault current limiter in Europe. Heavy investments are being made by the governments in U.K. by offering significant amount to DECC (Department of Energy and Climate Change) for developing next-gen fault current limiter.

Report covers:

• Detailed segmental analysis
• Competitive landscape
• New technological developments
• Value chain analysis
• Untapped segments
• Prominent influencing factors
• Market share analysis
• Regional markets and emerging trends

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In-Depth Regional Analysis on:

• North America fault current limiter market (The U.S. and Canada)
• Latin America fault current limiter market (Mexico, Brazil including Rest of the Latin America)
• Eastern Europe fault current limiter market (Russia, Poland as well as Rest of the Eastern Europe)
• Western Europe fault current limiter market (Netherlands, Nordic Countries, U.K, Italy, Luxembourg, Belgium, Spain, France and Germany)
• APEJ fault current limiter market (Asia Pacific Excluding Japan) includes (New Zealand, ASEAN, China, Australia and India)
• Japan fault current limiter market
• Middle East and Africa fault current limiter market (North Africa, GCC Countries, South Africa and Rest of the MEA)

Distribution of Fault Current Limiter Market Has Been Done By Voltage Range, Product Type and End-User