Further Promotes the Growth of the Smart Cable Protection System

The ball smart cable protection system market expects a compound annual growth rate of 31.7% from 2018 to 2024. The aging grid assets and the advantages of this technology over traditional fault detection systems are expected to drive market growth during the forecast period.

In addition, government support for the installation of advanced power infrastructure will further drive market growth during the forecast period.

The intelligent cable protection system includes a sensor injector unit (SIU) and a control unit (CU) placed at the end of the cable. The system is capable of detecting partial discharge (PD) or faults with a positioning accuracy of 1% of cable length and notifying the grid operator. The system is used in networks with low or high ground impedance to effectively minimize power failures and improve the overall efficiency of the power distribution system. Intelligent cable protection technology helps grid operators take proactive action in the event of a failure and reduce the operating costs of the distribution system.

From the application field, the power sector is expected to exhibit the highest compound annual growth rate during the forecast period. This trend can be attributed to the growing demand for reliable power supplies. The ever-increasing transmission and distribution infrastructure has led to an intricate network that is difficult to repair and maintain in the event of a failure, while the intelligent cable protection system can detect partial discharges or failures and send notifications to operators. This real-time insight helps reduce downtime and thus the overall operating cost of the system.

From the perspective of regional markets, the European region is expected to become the fastest growing region. Growth in the region can be attributed to initiatives taken by local governments to promote the adoption of new technologies to conserve energy and reduce losses in the transmission process. In addition, major players in the region such as the Norwegian Classification Society, Locamation and Alliander N.V. are also expected to drive market growth during the forecast period.

This article is from Allicdata Electronics Limited. Reprinted need to indicate the source.