Global Smart Cable Guard System Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

Published - Apr 2019 | Category - Energy and Power | No. of Pages - 147 | Published By - EMR


Global Smart Cable Guard System Market is expected to witness an exponential CAGR of 31.7% from 2018 to 2024.

Aging electrical network assets and additional advantages of this technology over traditional fault detection systems is expected to propel the market growth over the forecast period. Moreover, government support for installation of advanced power infrastructure across the globe is likely to give impetus to the market during 2018-2024.

Fault detection plays a crucial role in the distribution of power through transmission lines. Power cables deteriorate over time, and result in breakdowns and blackouts in the grid system. This results in loss to industrial assets and irreparable damages to the functioning of energy intensive manufacturing units. This has resulted in demand for a system which can automatically detect and notify the operators allowing them to take preemptive action.

Phase-earth faults and outages can be detected and located with acceptable accuracy by using smart cable guard system. Smart cable guard system employs the use of two sensor injector units (SIU), and two control units (CU), one of each at the cable termination point. The smart cable guard online monitoring system is used for high impedance grounded networks. This early warning system effectively saves operating cost of the distribution system. Moreover, the network faults repairing runs proactively instead of reactively, thereby reducing liability claims due to outages.

Global Smart Cable Guard System Market Major Key Companies

DNV GL AS
Alliander N.V.
Locamation
Enexis Netbeheer
Essar Electricals
High Voltage, Inc.
Surgetek
BAUR GmbH
Vinçotte
Telemetrics
Others 


 

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