Residual Present Limiters Market Is Set To Attain $ 8.12 Billion By 2027 Market Analysis Future (MRFR) – GlobeNewswire

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Pune, April 27, 2021 (GLOBE NEWSWIRE) – The global market for residual current controllers is growing rapidly. The market growth is due to growing concerns about reliable power supplies. In addition, the demand for intelligent and modernized power grid infrastructure creates significant growth opportunities for the residual current limiter industry.

Power outages in industrial automation equipment can affect productivity and profitability plans and cause most equipment-related failures. Therefore, residual current limiters are critical to maintaining proper circuit protection with highly integrated ICs to avoid these failures and improve the uptime of industrial equipment.

Modern residual current limiters show improved reliability for next generation production lines. As a result, the global residual current limiter market is expected to grow significantly in importance in the coming years. According to Market Research Future (MRFR), the global residual current limiters market is projected to reach $ 8.12 billion by 2027 and a CAGR of over 8.16% for the reporting period (2020-2027).

Other factors driving market growth are the constant demand for reliable energy supplies and the greatest concern about disruptive supply conditions in developing countries. Strict regulations and government initiatives around the world are fueling market growth and promoting the adoption of these systems in major end-use industries.

Conversely, the high production and maintenance costs associated with residual current limiters act as the main headwinds for the growth of the market. Nonetheless, future technological advances would support market growth throughout the evaluation period and represent economical manufacturing techniques that can reduce the total cost of sale of these systems.

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Residual Current Limiters Market – Segments

The Residual Current Limiters market analysis is segmented into Type, Voltage Range, End Usage, and Regions. The type segment is divided into superconducting and non-superconducting. Of these, the superconducting segment holds the largest market share because of its various advantages including reduced replacement cost and compact size.

The voltage range segment is divided into high, medium and low. Among these, the high voltage segment holds the largest market share and is expected to grow with the highest CAGR during the reporting period.

The end-user segment is divided into power plants, oil and gas, automotive, steel and aluminum, paper mills and chemicals. Of these, the power plant segment holds the largest market share, as the superconducting fault current limiter significantly increases the safety, reliability and availability of electrical systems in power plants.

At the same time, the chemical, power plant and automotive industries are the fastest growing end-user segments in the market for residual current limiters. The region segment is divided into America, Europe, APAC and the rest of the world.

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Global Residual Current Limiters Market – Regional Analysis

The Asia-Pacific region dominates the global residual current limiters market. The greatest market growth can be attributed to the increasing networking of power supply networks in emerging countries. In addition, the rapid expansion of the transmission and distribution systems (T&D) has a positive effect on the growth of the regional market. Countries such as China, Japan and India are developing into significant markets for residual current limiters.

North America has the second largest share of the global residual current limiters market due to the increased energy efficiency and low maintenance costs of these limiters. Additionally, the integrated transformation of digital utilities helps reinvent them by leveraging mobility, analytics and cloud technologies. The North American residual current limiters market is expected to experience a significant CAGR over the forecast period.

Residual Current Limiters Market Competitive Analysis

The market appears to be highly competitive and fragmented, with many large players forming a competitive landscape. Industry players are making significant investments locally and in emerging markets to expand their global footprint as well as their distribution and supply chain networks.

Obtaining strong financial support is the only strategy these players have to maintain their market positions. Device manufacturers strive to minimize production costs through inexpensive techniques.

Main actors:

Player active in the The market for residual current limiters are Siemens (Germany), ABB (Switzerland), Gridon (Israel), Superconductor Technologies Inc. (USA), Superpower Inc. (USA) and Rongxin Power Electronic Co.Ltd. (China), American Superconductor Corporation (USA), Applied Materials (USA), Alstom (France), Nexans (France) and Zenergy Power Electric Co. (USA).

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Industry / Innovation / Related News:

November 28, 2020 – Qatar General Electricity and Water Corporation (Kahramaa) showcased its energy expertise at the GCC Power 2020 conference organized by GCC CIGRE and presented two working papers on partial discharge noise in online GIS partial discharge monitoring systems.

During the conference, the company also demonstrated techniques for repairing megatransformers on site and the key challenges and solutions in these two areas. In addition, Kahramaa presented a working paper on improving the transition stability of interconnected power systems using a resistive superconducting fault current limiter.


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