Global sales of cable fault locators are expected to be upheld by promising rate of adoption within telecommunication, and electrical & electronics industries, as indicated by a new market intelligence study of Future Market Insights (FMI). Currently, the two industries collectively represent more than a third of global revenues of the cable fault locator market.
Handheld cable fault locators currently account for a majority of sales. Continued preference of end users towards these cable fault locators will remain a prominent trend shaping growth of market during the projection period, 2019-2029. The cable fault locator market is projected to witness impressive Y-o-Y growth rate of ~10% through 2029.
Key Takeaways of Cable Fault Locator Market Study
- North America and Europe are expected to account for major revenue share in the cable fault locator market through 2029.
- FMI’s analysis indicates East Asia would continue to be lucrative market for cable fault locator market players in the foreseeable future
- The global cable fault locator market represents a fragmented competition landscape, where leading players are focusing on enhancing the capabilities of cable fault locators with versatile features that allow for their usage in an array of fault location applications.
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“Besides significant demand for cable fault locators from primary end-use verticals, such as telecom and electrical & electronics, there is a considerably high usage of cable fault locator devices in mining, petroleum, and power generation industries.
Accuracy to be of Paramount Importance in New Product Launches
Megger, Fluke Corporation, Hubbel, 3M, and BAUR GmbH are some of the major players in the cable fault locator market. These players are focusing on introducing technological advancements to further strengthen their hold on the market. BAUR GmbH Company has developed a vehicle-mounted cable fault location system that is suitable for any operation. Smaller regional players are trying to differentiate their product offerings by introducing novel features in existing products. For instance, ELEKTRONIKA is offering graaf fault locators, which are used for accurate fault location on totally water-soaked cables.
More Valuable Insights on Cable Fault Locator Market
Future Market Insights, in its new offering, provides an unbiased analysis of the global cable fault locator market, presenting historical demand data (2014-2018) and forecast statistics for the period of 2019-2029. The study divulges compelling insights on the cable fault locator market on the basis of portability (portable & handheld), product (cable sheath fault locators, cable route tracers, time-domain reflectometers, pinpointers, voltage surge generators, and others) end-use (petroleum, electrical & electronics, telecommunication, power generation, mining, construction, and others) across seven major regions.
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Cable Fault Locator Market Structure Analysis
- The global cable fault locator market is fragmented, due to high presence of various local level and global level manufacturers of cable fault locators.
- Leading players are focused on manufacturing cable fault locators with multi-functional features.
- The market is relatively moderate in size, due to various applications of cable fault locators in many industries.
- Leading players operating in the cable fault locator market are manufacturing products with advanced technologies for greater market penetration.
- For a stronger foothold in targeted regions, manufacturers of cable fault locators are advancing their product portfolios by continuously investing in research and development facilities.
About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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