Global Non-Volatile Memory Market Research Report: Forecast to 2023
Distribution Feeder Protection System Market Research Report: Global Forecast to 2024
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Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
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Copyright © 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
Summary The global distribution feeder protection system market is anticipated to garner a CAGR of 6.19 % during the forecast period (2019-2024), Market Research Future (MRFR) reveals in a detailed report. Distribution feeder protection system can be defined as a device which can be used in an electric distribution system to safeguard the expensive systems and components from threats like blackout and lightening. It also safeguards from potential threats like transmission line tower flash-over, strong wind blowing tree branches into electric lines, generator failure, and transformer failure. The system comprises sensors, fuses, and interconnections. The distribution feeder protection system is used in substations & distribution transformer, that safeguard from potential hazard such as lightening causing flash-over, blackout, strong wind blowing tree branches into electric lines, transmission line tower flash-over, transformer failure and generator failure. A distribution feeder protection system comprise of fuses, sensors and interconnections. Distribution feeder protection systems are highly receptive to fault conditions, reliable and selective in isolating minimum amount of system and interrupt service to fewest customer with minimizing system & apparatus damage. Distribution feeder protection systems are widely used in power plants, industrial plants and conventional electric utility companies. The growing demand for electricity and the unstable electricity supply situation in most developing countries will aid in the growth of the distribution feeder protection system market over the forecast period. The expensive power distribution system and its infrastructure needs protection from potential hazards that the distribution feeder protection system provides. However, the high price of feeder protection system and high maintenance cost of distribution feeder protection system will restrain the market to some extent.
Competitive Landscape The top players operating in the global distribution feeder protection system market include Siemens Ltd. (Germany), ABB Group (Switzerland), Crompton Greaves Ltd. (India), General Electric Company (USA), Basler Electric Company. (USA), Toshiba Corporation (Japan), Schweitzer Engineering Laboratories, Inc. (USA), Mitsubishi Electric Corporation (Japan), Schneider Electric SA (France), Littelfuse, Inc. (the USA), Eaton Co. Plc. (Ireland), and Fanox Electronic, S.L. (Spain).
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Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
Market Potential and Pitfalls The global distribution feeder protection system market is likely to experience a sturdy growth in the foreseeable future. The increased demand for power, along with the rising adoption of feeder protection devices for safe T&D are some of the top factors likely to propel the growth of the market across the globe. The demand for electricity will continue to propel with time, thereby fueling the market growth across the globe. For instance, the consumption of electricity reached 22,015 TWh in 2017. As reported by the International Energy Agency, World Energy Outlook 2017, according to the new policies, the global demand for energy is not as high as in the past but has the potential to expand at a rate of 30% by 2040. With the increased need for energy, the demand for electricity infrastructure is also increasing. This is further considered to contribute to the growth of distribution feeder protection system market globally. There is an increased need to upgrade T&D grids to provide lucrative business opportunities, which in turn encourages the growth of the market. Moreover, the growing use of non-conventional and renewable energy sources is highly influencing the market. On the contrary, the high price of distribution feeder protection system, coupled with its high maintenance cost are some of the top roadblocks to the growth of the market.
Market Segmentation The global distribution feeder protection system market is segmented on the basis of voltage rating and end user. By voltage rating, the distribution feeder protection system market is segmented into low voltage and medium voltage. Among these, the medium voltage rating acquired the largest share and led the market in 2018 due to its rising application in the industrial sector. By end user, the distribution feeder protection system market is segmented into manufacturing & processing industries, transmission & distribution utility, and commercial & residential. Among these, the transmission & distribution utility segment is likely to showcase the highest growth rate. T&D utility is highly used in industrial plants, power plants, and conventional electric utility companies. The unstable electricity supply, coupled with the constant requirement for electricity among the developing economies, will assist in the growth of the distribution feeder protection system in the T&D utility segment.
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Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
Regional Analysis Geographically, the distribution feeder protection system market spans across Europe, Asia Pacific, North America, South America, and the Middle East & Africa. Considering the global scenario, the Asia Pacific region acquires the lion’s share due to the increased investments in transmission and distribution sector, especially in China, India, and other Southeast Asian countries. While China will account for the largest share, India will be the fastest country to expand. For instance, as per the Asian Development Bank, the region requires USD 1.7 trillion every year as investment in infrastructure, which includes T&D infrastructure. These factors are considered to foster the growth of the APAC region in the foreseeable future.
Industry Updates: February 2019: G&W Electric has signed an agreement to bundle Survalent software into LaZer II and LaZer III distribution automation solutions. This has resulted in the utilities to restore its power automatically to as many customers as possible during the loss of voltage or fault on a feeder.
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Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
owned company based in Norway that has developed a field-proven portfolio of completion systems and intervention tools.
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Copyright Š 2017 Market Research Future.