Global Fault Location, Isolation, and Service Restoration Market: Overview
Improving the overall reliability of the grid is an essential objective of the electric power industry. A dependable grid can reduce customer inconvenience arising from power disruptions, lost productivity, and economic losses. To help accomplish these goals, several utilities across the globe are adopting fault location, isolation, and service restoration (FLISR) technologies and systems.
Fault location, isolation, and service restoration technologies are distribution automation (DA) tools that reroute power to reduce the number of customers affected by power supply faults, power outages, and other disturbances. FLISR systems automatically isolate the fault zone and restore services to remaining consumers by transferring them to adjacent circuits. In addition to reducing the number and duration of power outages for consumers, FLISR technologies help power supply companies improve their reliability index and provide them greater visibility into the trouble zones. This allows crews to track and repair the affected areas more quickly, resulting in shorter outages.
This report on the global fault location, isolation, and service restoration market outlines the present state of the market and gives a forward-looking perspective of the market’s growth prospects over the period between 2017 and 2025. The report gives a thorough overview of the major forces that are influencing the market’s development and shall have a major impact on its growth over the forecast period.
Global Fault Location, Isolation, and Service Restoration Market: Trends and Opportunities
Browse more detail information about this report visit at at https://www.transparencymarketresearch.com/fault-location-isolation-service-restoration-market.html
Many governments are making vast capital investments to develop smart grids by either upgrading or replacing aging power supply infrastructure. Moreover, the emergence and rising adoption of new technologies, such as energy production from renewable sources, distributed generation, and electric vehicles, are also placing increased pressures on the already stressed conventional power supply infrastructure. Consumers have also started demanding enhanced quality of power supply from power distribution companies. These factors have collectively led to the increased adoption of FLISR systems in the power distribution industry over the past few years.
Over the report’s forecast period, the rising adoption of partially or fully electric vehicles as a cleaner and more cost-effective means of transportation will emerge as a major growth opportunity for the global FLISR market.
The key components of a typical FLISR system include line monitors, automated feeder switches and reclosers, supervisory control and data acquisition (SCADA) systems, communication networks, grid analytics, outage management systems (OMS), data processing tools, and distribution management systems (DMS).
Global Fault Location, Isolation, and Service Restoration Market: Region-wise Outlook
From a geographical standpoint, the global fault location, isolation, and service restoration market has been analyzed for Europe, Asia Pacific, North America, and Rest of the World. Of these, developed regions such as North America and Europe are currently the largest regional markets for a variety of FLISR systems. The availability of large private and government funds and presence of several regulations mandating a certain percentage of the overall energy mix be derived from clean/renewable energy sources are the major propellers of the FLISR market in these regions.
According to a report published by the U.S. Department of Energy (DOE) about the American Recovery and Reinvestment Act of 2009, the U.S. DOE, in association with the electricity industry, had invested funds of nearly US$ 7.9 Bn in 99 cost-shared Smart Grid Investment Grant projects. The funds were invested for modernizing the grid, strengthening cybersecurity, collecting data on smart grid and consumer operations, and improving interoperability. This significantly accelerated the application of FLISR technologies and systems in the country and helped the global FLISR market grow. Over the forecast period as well, the goal of improving grid reliability will drive the global FLISR market in developed regions.
Request For Custom Research At https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=11681&source=atm
In developing countries of Asia Pacific, the urgent need to replace and upgrade the aging electric power distribution networks, with a view of making power supply more consistent, effective and transparent for the ever-increasing population and flourishing industrial sector, will be a key driver of the global FLISR market.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on: Market segments and sub-segments Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological breakthroughs Value chain and stakeholder analysis
The regional analysis covers: North America (U.S. and Canada) Latin America (Mexico, Brazil, Peru, Chile, and others) Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg) Eastern Europe (Poland, Russia) Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand) Middle East and Africa (GCC, Southern Africa, North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report: A complete backdrop analysis, which includes an assessment of the parent market Important changes in market dynamics Market segmentation up to the second or third level Historical, current, and projected size of the market from the standpoint of both value and volume Reporting and evaluation of recent industry developments Market shares and strategies of key players Emerging niche segments and regional markets An objective assessment of the trajectory of the market Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Request for TOC of This Report visit at https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=11681&source=atm
This post was originally published on Commerce Gazette