Smart Fault Detection System for Power Transmission Market

Smart Fault Detection System for Power Transmission: Introduction

• Electricity is produced in power generation plants and then transferred to end consumers through various transmission and distribution lines. Electric power transmission is the mass transfer of electrical energy from power generation plants to electrical substations. Amid the power generation stations and end consumers, electricity runs through numerous substations at various voltage levels. Various faults such as symmetrical, unsymmetrical, substation, and feeder faults occur occasionally in electric power transmission. These faults are caused mainly due to bad weather conditions, equipment failures, human errors, and smoke of fires. The effects of these faults include over current flow, loss of equipment, disturbance of interconnected circuits, electrical fires, and danger to handling personnel. Such transmission outages lead to revenue loss for utility companies and loss of power for consumers. Transmission faults can also lead to extensive outage times over vast geographical regions.
• Smart fault detection systems for power transmission are technologically advanced systems to address transmission fault issues in smart ways such as automatic fault detection and diagnosis. Often, energy and resources are saved with use of smart fault detection system over conventional methods of fault detection and diagnosis in power transmission lines. These systems detect and diagnose fault quickly and accurately. This leads to improved transmission line reliability, reduced transmission line outage time, reduced transmission line outage area, and extended shelf life of power system equipment. Valuable time and energy of restoration crew is saved due to the smart fault detection system. It provides fault detection and direction indications, which could be reported to a system operator directly.
• The smart fault detection system for power transmission market is expanding considerably. Various countries such as the U.S., the U.K, Sweden, Japan, Germany, and Netherlands have started using smart fault detection systems on their power transmission lines. Certain train transportation transmission lines in Switzerland and Sweden have also been equipped with this system. Critical outage periods for industrial regions have also led to adoption of smart fault detection system. These systems also help during natural calamities, as they can quickly detect faults and reduce outage period and risks. In time sensitive areas of operation, adoption of smart fault detection system has increased significantly. These systems can be configured to be automatic or remotely controlled by service operator. Industries and utility companies prefer the smart system over conventional fault detection systems as the dependence on human efforts is low.

Key Drivers and Restraints of Global Smart Fault Detection System for Power Transmission Market

• Multiple efforts from South Korea, China, Malaysia, and South Africa to promote the use of smart fault detection system is expected to boost the market in these countries. High demand for automation is estimated to directly or indirectly fuel the demand for the smart detection system across the globe.
• As per the recent developments in Australia and New Zealand, countries have started to apply smart fault detection systems on their national power transmission lines. The Government of Indian and power utility companies have started discussing the adoption of the smart system.
• Oil & gas companies in Middle East have also started prospecting about the potential of these systems in their specific industries
• Occurrence of regular natural calamities and time sensitive nature of global operations are likely to further boost the adoption of smart fault detection systems. However, high installation costs and lack of awareness are likely to hamper the market. A positive growth trajectory is predicted for the application of smart fault detection systems in the power transmission industry.

Smart Fault Detection System for Power Transmission: Application Segment

• The global smart fault detection system for power transmission market can be segmented based on application. This system can be applied primarily for substations, switching stations, circuit switchers, manual switches, and remote controlled switches.

Covid-19 Impact on Smart Fault Detection System for Power Transmission Market

• On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 213 countries and territories around the world.
• Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
• Manufacture of various consumer goods and other products across the globe came to a halt due to the unavailability of raw materials, shortage of labor, etc. This is expected to hamper the smart fault detection system for power transmission market.

Europe and North America to Dominate Smart Fault Detection System for Power Transmission Market

• In terms of geography, the global smart fault detection system for power transmission market can be divided into Europe, North America, Asia Pacific, Latin America, and Middle East & Africa
• Europe and North America are major region of the global smart fault detection system for power transmission market. The U.S., Sweden, Switzerland, Germany, and Netherlands are the major drivers of the smart fault detection system for power transmission market in these regions. The market in Asia Pacific and the Middle East is in the nascent stage, but is projected to register higher growth rate in the near future. Australia has fitted the system on various national and regional transmission grids in recent years.

Key Manufacturers Operating in Global Smart Fault Detection System for Power Transmission Market

Major players have prominent presence in developed and developing countries. Key manufacturers operating in the global smart fault detection system for power transmission market include:

• ABB Schweiz AG
• ETap Inc
• G&W Electric Inc
• Metrycom Communication Ltd
• Osisoft LLC
• Southern States LLC
• Trilliant Inc

Global Smart Fault Detection System for Power Transmission Market: Research Scope

Global Smart Fault Detection System for Power Transmission Market, by Application

• Substations
• Switching Stations
• Circuit Switchers
• Manual Switches
• Remote Controlled Switches

Global Smart Fault Detection System for Power Transmission Market, by Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia & CIS
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • ASEAN
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa