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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 2016 and 2024. 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

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.

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.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players 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.

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Fault Location Isolation Service Restoration Market