The cable fault locators is anticipated to increase at a robust 8.5% CAGR by volume between 2022 and 2029 reaching a value of about US$ 784.0 Mn by 2022 end.
The rapid growth of the electronics & telecommunication sector in several developing economies worldwide is contributing to the increasing demand for cable fault locator market. The global business is expected to witness a considerable CAGR of 10.1% by value during the period of 2022 and 2029.
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.
Key Segment
Portability
- Portable
- Handheld
Product
- Cable Sheath Fault Locators
- Cable Route Tracer
- Time Domain Reflectometer
- Pinpointer
- Voltage Surge Generator
- Others
End Use
- Petroleum
- Electrical& Electronics
- Telecommunication
- Power Generation
- Mining
- Construction
- Others
Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa
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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.
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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