Cable Fault Locator Market By Product Type (Handheld Cable Fault Locators, Portable Cable Fault Locators, Fixed Cable Fault Locators); By Technology (Time Domain Reflectometry [TDR], Arc Reflection Method [ARM], Bridge Circuit, Others [Surge Wave, Acoustic Methods]); By Application (Underground Cable Fault Detection, Overhead Cable Fault Detection, Submarine Cable Fault Detection); By End-User (Power Utilities, Telecommunications, Mining, Construction, Oil & Gas, Railways); By Geography, Segment revenue estimation, Forecast, 2024-2032.

The cable fault locator market was worth USD 710 million in 2023 and will be worth USD 1.19 billion by 2030, growing at a CAGR of 7.63% during the forecast period.

 

The growth in the Cable Fault Locator market is affected by the growing requirement for uninterruptible power supply and the emergence of new power infrastructure in several parts of the world, especially in developing nations. Global energy demand is projected to grow by 30% by 2040 or earlier, and hence, the power grids will be under immense pressure to remain reliable and can diagnose and self-heal in the event of failure. The Cable fault locators contribute to reducing the downtimes of the systems by determining faults on underground and overhead cables. For example, in 2022, Megger introduced an advanced time-domain reflectometry (TDR) device for locating cable faults more accurately and efficiently. An increase in smart grid technologies and renewable power systems also helps drive the high performance of cable fault locators as fault identification becomes prominent in maintaining energy distribution reliability across networks.

 

The Cable Fault Locator market is expected to have vast opportunities due to the increasing demand for effective and accurate power transmission systems deemed necessary, with the expected global renewable power capacity to rise by approximately 50% by 2025. This transition to renewable energy structures while at the same time having older power structures encourages a need for fault detection technologies. For example, Fluke Networks launched this new series of portable cable fault locators in 2023 and was equipped with higher accuracy for renewable energy industries such as wind and solar. Moreover, increasing trends of smart grid and automation in the utility industry create other opportunities for cable fault locators as these instruments are crucial to assuring system availability and minimizing outage time in today’s complex power networks.

 

 

Market Segmentation

By Product Type:

• Handheld Cable Fault Locators

• Portable Cable Fault Locators

• Fixed Cable Fault Locators

 

By Technology:

• Time Domain Reflectometry (TDR)

• Arc Reflection Method (ARM)

• Bridge Circuit

• Others (Surge Wave, Acoustic Methods)

 

By Application:

• Underground Cable Fault Detection

• Overhead Cable Fault Detection

• Submarine Cable Fault Detection

 

By End-User:

• Power Utilities

• Telecommunications

• Mining

• Construction

• Oil & Gas

• Railways

 

By Region

North America

• US

• Mexico

• Canada

• Rest of North America

 

Europe

• Switzerland

• Russia

• France

• Germany

• U.K

• Finland

• Turkey

• Netherlands

• Belgium

• Spain

• Italy

• Rest of Europe

 

Asia Pacific

• India

• China

• South Korea

• Japan

• Singapore

• Thailand

• Indonesia

• Malaysia

• Philippines

• Australia

• Rest of Asia-Pacific

 

LAMEA

• Brazil

• Argentina

• Uruguay

• Saudi Arabia

• Rest of LAMEA

 

North America is the largest consumer of Cable Fault locators due to the large energy and utility sector and the ongoing process of upgrading the old power infrastructure. The United States alone is projected to spend more than $100 billion to build the grid through 2030, with initiatives aimed at better fault inspection and fixing time. The growing use of smart grids and renewable energy facilities like solar and wind power has increased the call for cable fault detection technologies. Fluke Networks developed its newer model of portable cable fault locators in 2023 and aimed the product into the North American utility industry to improve its efficiency and thus reduce power failures. The continued focus on the ’shock-proofing’ of the region’s infrastructure and the constant enhancements to the continent’s utility infrastructure cement North America’s place as the global market’s leader.

 

Key Players

• Megger

• Fluke Networks

• HV Hipot Electric Co., Ltd.

• BAUR GmbH

• Kehui International

• Schneider Electric

• Greenlee (A Textron Company)

• Hilkar

• InterFlex

• AEMC Instruments

 

Cable Fault Locator Market Report Coverage

Report Attribute	Details
Forecast Period	2023 – 2030
Market Size Value in 2023	USD 710 million
Revenue Forecast in 2030	USD 1.19 billion
Overall Growth Rate	CAGR of 7.63%
Base Year for Estimation	2022
Historical Data	2017 – 2021
Unit	USD Million, CAGR (2023 - 2030)
Segmentation	By Product Type, By Technology, By Application, By End-User, By Region
By Product Type	Handheld Cable Fault Locators, Portable Cable Fault Locators, Fixed Cable Fault Locators
By Technology	Time Domain Reflectometry (TDR), Arc Reflection Method (ARM), Bridge Circuit, Others (Surge Wave, Acoustic Methods)
By Application	Underground Cable Fault Detection, Overhead Cable Fault Detection, Submarine Cable Fault Detection
By End-User	Power Utilities, Telecommunications, Mining, Construction, Oil & Gas, Railways
By Region	North America, Europe, Asia-Pacific, LAMEA
Country Scope	US, Canada, Mexico, UK, Germany, France, China, Japan, India, South Korea, Australia, etc.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.