Superconducting Fault Current Limiter Market
Superconducting Fault Current Limiter Market - Snapshot
Fault current limiters (FCLs) have the potential to significantly improve power system stress in locations where fault current levels are expected to rise beyond the permissible range of surviving circuit breakers. Today’s superconducting materials can meet the performance necessities of power system machineries. As a result, a major portion of FCL designs use superconducting materials to complete the limiting action. Superconducting fault current limiter (SFCL) technologies continue to make progress toward commercialization. Power utilities worldwide deal with the issue of growing levels of fault current resulting from several occurrences which leads to higher adoption of SFCL limiters. The market is projected to expand at a CAGR of 8.2% during the forecast period and reach US$ 6,120.4 Mn by 2026.
Superconducting fault current limiter (SFCL) offers numerous benefits to electric utilities and their systems. For instance, manufacturers spend millions of dollars each year to maintain and protect the grid from potentially destructive fault currents. These large currents can degrade or damage circuit breakers and other expensive system components. Manufacturerscan decrease or abolish these replacement costs by connecting SFCLs. Also, governments have taken an initiative to increase or renovate power grid systems with fewer circuit breakers and fuses used in transmission & distribution systems. This will help to drive the superconducting fault current limiter market.
Rise in demand for updated power grids and the general preference for renewable energy applications is increasing the demand for superconducting fault current limiters. Companies’ are concentrating on developing countries, which in turn is predicted to provide ample expansion opportunities to the superconducting fault current limiters market. Manufacturers are installing SFCL in power systems to increase efficient power supply in many developing countries.
Industrialization is a key factor directly affecting the superconducting fault current limiter market as demand for efficient power supply is increasing within several industries due to growing short circuits in power plants. Moreover, growing demand for electricity particularly in developing and underdeveloped countries due to rapid industrialization and the increasing usage of renewable energy for the sameis facilitating the growth of superconducting fault current limitersin industries.
In the global superconducting fault current limiter market, shielded core SFCL is expected to be the preferred type across the world. Shielded core SFCL has advantages such as the fact that no current leads are needed, and the number of turns of the secondary winding can be much smaller than the primary turns. Although resistive SFCL is expected to substitute shielded core SFCL in a few applications, it is anticipated to maintain its dominance in power transmission and distribution network that make up more than half of the global superconducting fault current limiter revenue. High electrical conductivity, durability, ability to undergo stress with minimum signs of wear and tear, and superior ductile makes shielded core SFCL an irreplaceable type in the superconducting fault current limiter market.
Attracted by this expanding market and underlying latent demand, several players are expanding their business through strategic mergers and acquisitions and partnerships with several end-use industries.For instance, in September 2017, American Superconductor Corporation acquired Infinia Technology Corporation (ITC), a cryo-cooling company located in Washington, U.S. for US$ 3.75 Mn to complement its grid business. Also, Siemens has used superconductors in building a power grid in Augsburg.
Some of the prominent players identified in the superconducting fault current limiter market includes - ABB Ltd, Siemens AG, Toshiba Corporation, Nexans, Furukawa Electric Co., Ltd, Applied Materials, Inc., Northern Powergrid, Superconductor Technologies, Inc, and American Superconductor (AMSC).
Market Segmentation:
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1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Superconducting Fault Current Limiters (SFCL) Market
4. Market Overview
4.1. Introduction
4.2. Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.3. Key Trends Analysis
4.4. Superconducting Fault Current Limiters (SFCL) Market Analysis and Forecast, 2016 - 2026
4.4.1. Market Revenue Projections (US$ Mn)
4.5. Value Chain Analysis - Superconducting Fault Current Limiters (SFCL) Market
4.6. Market Outlook
5. Global Superconducting Fault Current Limiters (SFCL) Market Analysis and Forecast, By Type
5.1. Overview & Definition
5.2. Superconducting Fault Current Limiters (SFCL) Market Size (US$ Mn) Forecast, By Type, 2016 - 2026
5.2.1. Resistive SFCL
5.2.2. Shielded-Core SFCL
5.2.3. Saturable-Core SFCL
5.3. Type Comparison Matrix
5.4. Market Attractiveness By Type
6. Global Superconducting Fault Current Limiters (SFCL) Market Analysis and Forecast, By End-use Industry
6.1. Overview & Definitions
6.2. Superconducting Fault Current Limiters (SFCL) Market Size (US$ Mn) Forecast, By End-use Industry, 2016 – 2026
6.2.1. Oil & Gas
6.2.2. Power Station
6.2.3. Transmission & Distribution Grid
6.2.4. Others
6.3. End-use Industry Comparison Matrix
6.4. Market Attractiveness By End-use Industry
7. Global Superconducting Fault Current Limiters (SFCL) Market Analysis and Forecast, by Region
7.1. Key Findings
7.2. Superconducting Fault Current Limiters (SFCL) Market Size (US$ Mn) Forecast, by Region, 2016 - 2026
7.2.1. North America
7.2.2. Europe
7.2.3. Asia Pacific
7.2.4. Middle East& Africa
7.2.5. South America
7.3. Market Attractiveness by Region
8. North America Superconducting Fault Current Limiters (SFCL) Market Analysis and Forecast
8.1. Key Findings
8.2. Superconducting Fault Current Limiters (SFCL) Market Size (US$ Mn) Forecast, By Type, 2016 - 2026
8.2.1. Resistive SFCL
8.2.2. Shielded-Core SFCL
8.2.3. Saturable-Core SFCL
8.3. Superconducting Fault Current Limiters (SFCL) Market Size (US$ Mn) Forecast, By End-use Industry, 2016 - 2026
6.2.1. Oil & Gas
6.2.2. Power Station
6.2.3. Transmission & Distribution Grid
6.2.4. Others
8.4. Superconducting Fault Current Limiters (SFCL) Market Size (US$ Mn) Forecast, By Country and Region, 2016 - 2026
8.4.1. U.S.
8.4.2. Canada
8.4.3. Rest of North America
8.5. Market Attractiveness Analysis
8.5.1. By Type
8.5.2. By End-use Industry
8.5.3. By Country
9. Europe Superconducting Fault Current Limiters (SFCL) Market Analysis and Forecast
9.1. Key Findings
9.2. Superconducting Fault Current Limiters (SFCL) Market Size (US$ Mn) Forecast, By Type, 2016 - 2026
9.2.1. Resistive SFCL
9.2.2. Shielded-Core SFCL
9.2.3. Saturable-Core SFCL
9.3. Superconducting Fault Current Limiters (SFCL) Market Size (US$ Mn) Forecast, By End-use Industry, 2016 - 2026
6.2.1. Oil & Gas
6.2.2. Power Station
6.2.3. Transmission & Distribution Grid
6.2.4. Others
9.4. Superconducting Fault Current Limiters (SFCL) Market Size (US$ Mn) Forecast, By Country and Region, 2016 - 2026
9.4.1. Germany
9.4.2. U.K.
9.4.3. France
9.4.4. Rest of Europe
9.5. Market Attractiveness Analysis
9.5.1. By Type
9.5.2. By End-use Industry
9.5.3. By Country
10. Asia Pacific Superconducting Fault Current Limiters (SFCL) Market Analysis and Forecast
10.1. Key Findings
10.2. Superconducting Fault Current Limiters (SFCL) Market Size (US$ Mn) Forecast, By Type, 2016 - 2026
10.2.1. Resistive SFCL
10.2.2. Shielded-Core SFCL
10.2.3. Saturable-Core SFCL
10.3. Superconducting Fault Current Limiters (SFCL) Market Size (US$ Mn) Forecast, By End-use Industry, 2016 - 2026
6.2.1. Oil & Gas
6.2.2. Power Station
6.2.3. Transmission & Distribution Grid
6.2.4. Others
10.4. Superconducting Fault Current Limiters (SFCL) Market Size (US$ Mn) Forecast, By Country and Region, 2016 - 2026
10.4.1. China
10.4.2. India
10.4.3. Japan
10.4.4. Rest of Asia Pacific
10.5. Market Attractiveness Analysis
10.5.1. By Type
10.5.2. By End-use Industry
10.5.3. By Country
11. Middle East & Africa Superconducting Fault Current Limiters (SFCL) Market Analysis and Forecast
11.1. Key Findings
11.2. Superconducting Fault Current Limiters (SFCL) Market Size (US$ Mn) Forecast, By Type, 2016 - 2026
11.2.1. Resistive SFCL
11.2.2. Shielded-Core SFCL
11.2.3. Saturable-Core SFCL
11.3. Superconducting Fault Current Limiters (SFCL) Market Size (US$ Mn) Forecast, By End-use Industry, 2016 - 2026
6.2.1. Oil & Gas
6.2.2. Power Station
6.2.3. Transmission & Distribution Grid
6.2.4. Others
11.4. Superconducting Fault Current Limiters (SFCL) Market Size (US$ Mn) Forecast, By Country and Region, 2016 - 2026
11.4.1. GCC
11.4.2. South Africa
11.4.3. Rest of Middle East & Africa
11.5. Market Attractiveness Analysis
11.5.1. By Type
11.5.2. By End-use Industry
11.5.3. By Country
12. South America Superconducting Fault Current Limiters (SFCL) Market Analysis and Forecast
12.1. Key Findings
12.2. Superconducting Fault Current Limiters (SFCL) Market Size (US$ Mn) Forecast, By Type, 2016 - 2026
12.2.1. Resistive SFCL
12.2.2. Shielded-Core SFCL
12.2.3. Saturable-Core SFCL
12.3. Superconducting Fault Current Limiters (SFCL) Market Size (US$ Mn) Forecast, By End-use Industry, 2016 - 2026
6.2.1. Oil & Gas
6.2.2. Power Station
6.2.3. Transmission & Distribution Grid
6.2.4. Others
12.4. Superconducting Fault Current Limiters (SFCL) Market Size (US$ Mn) Forecast, By Country and Region, 2016 - 2026
12.4.1. Brazil
12.4.2. Rest of South America
12.5. Market Attractiveness Analysis
12.5.1. By Type
12.5.2. By End-use Industry
12.5.3. By Country
13. Competition Landscape
13.1. Market Player – Competition Matrix
13.2. Market Share Analysis By Company (2017)
13.3. Company Profiles (Details – Overview, Financials, SWOT Analysis, Strategy)
13.3.1. ABB Ltd.
13.3.2. Siemens AG
13.3.3. Toshiba Corporation
13.3.4. Nexans
13.3.5. American Superconductor
13.3.6. Furukawa Electric Co., Ltd.
13.3.7. Applied Materials, Inc.
13.3.8. Northern Powergrid
13.3.9. Superconductor Technologies, Inc.
14. Key Takeaways
List of Tables
Table 1: Global Superconducting Fault Current Limiters Market Size (US$ Mn) Forecast, by Type, 2016 – 2026
Table 2: Global Superconducting Fault Current Limiters Market Size (US$ Mn) Forecast, by End-use Industry, 2016 – 2026
Table 3: Global Superconducting Fault Current Limiters Market Size (US$ Mn) Forecast, by Region, 2016 – 2026
Table 4: North America Superconducting Fault Current Limiters Market Size (US$ Mn) Forecast, by Type, 2016 – 2026
Table 5: North America Superconducting Fault Current Limiters Market Size (US$ Mn) Forecast, by End-use Industry, 2016 – 2026
Table 6: North America Superconducting Fault Current Limiters Market Size (US$ Mn) Forecast, by Country, 2016 – 2026
Table 7: Europe Superconducting Fault Current Limiters Market Size (US$ Mn) Forecast, by Type, 2016 – 2026
Table 8: Europe Superconducting Fault Current Limiters Market Size (US$ Mn) Forecast, by End-use Industry, 2016 – 2026
Table 9: Europe Superconducting Fault Current Limiters Market Size (US$ Mn) Forecast, by Country, 2016 – 2026
Table 10: Asia Pacific Superconducting Fault Current Limiters Market Size (US$ Mn) Forecast, by Type, 2016 – 2026
Table 11: Asia Pacific Superconducting Fault Current Limiters Market Size (US$ Mn) Forecast, by End-use Industry, 2016 – 2026
Table 12: Asia Pacific Superconducting Fault Current Limiters Market Size (US$ Mn) Forecast, by Country, 2016 – 2026
Table 13: MEA Superconducting Fault Current Limiters Market Size (US$ Mn) Forecast, by Type, 2016 – 2026
Table 14: MEA Superconducting Fault Current Limiters Market Size (US$ Mn) Forecast, by End-use Industry, 2016 – 2026
Table 15: MEA Superconducting Fault Current Limiters Market Size (US$ Mn) Forecast, by Country, 2016 – 2026
Table 16: South America Superconducting Fault Current Limiters Market Size (US$ Mn) Forecast, by Type, 2016 – 2026
Table 17: South America Superconducting Fault Current Limiters Market Size (US$ Mn) Forecast, by End-use Industry, 2016 – 2026
Table 18: South America Superconducting Fault Current Limiters Market Size (US$ Mn) Forecast, by Country, 2016 – 2026
Table 19: Global Superconducting Fault Current Limiters Competition Matrix
List of Figures
Figure 1: Global Superconducting Fault Current Limiters Market Revenue Projection (US$ Mn), 2016 – 2026
Figure 2: Global Superconducting Fault Current Limiters Market Y-o-Y Growth (%) Forecast, 2016 – 2026
Figure 3: Market Value Share (Revenue) by Region (2017)
Figure 4: Market Value Share (Revenue) by Type (2017)
Figure 5: Market Value (Revenue) Share byEnd-use Industry (2017)
Figure 6: Global Superconducting Fault Current Limiters Market Value Share Analysis, by Type, 2018 and 2026
Figure 7: Superconducting Fault Current Limiters Market, by Type, Resistive SFCL
Figure 8: Superconducting Fault Current Limiters Market, by Type, Shielded-Core SFCL
Figure 9: Superconducting Fault Current Limiters Market, by Type, Saturable-Core SFCL
Figure 10: Global Superconducting Fault Current Limiters Market Comparison Matrix, by Type
Figure 11: Superconducting Fault Current Limiters Market Attractiveness Analysis, by Type
Figure 12: Global Superconducting Fault Current Limiters Market Value Share Analysis, by End-use Industry, 2018 and 2026
Figure 13: Superconducting Fault Current Limiters Market, by End-use Industry, Oil & Gas
Figure 14: Superconducting Fault Current Limiters Market, by End-use Industry, Power Station
Figure 15: Superconducting Fault Current Limiters Market, by End-use Industry, Transmission & Distribution Grid
Figure 16: Superconducting Fault Current Limiters Market, by End-use Industry, Others
Figure 17: Global Superconducting Fault Current Limiters Market Comparison Matrix, by End-use Industry
Figure 18: Superconducting Fault Current Limiters Market Attractiveness Analysis, by End-use Industry
Figure 19: Global Superconducting Fault Current Limiters Market Value Share Analysis, by Region, 2018 and 2026
Figure 20: Superconducting Fault Current Limiters Market, by Region, North America
Figure 21: Superconducting Fault Current Limiters Market, by Region, Europe
Figure 22: Superconducting Fault Current Limiters Market, by Region, APAC
Figure 23: Superconducting Fault Current Limiters Market, by Region, MEA
Figure 24: Superconducting Fault Current Limiters Market, by Region, South America
Figure 25: Superconducting Fault Current Limiters Market Attractiveness Analysis, by Region
Figure 26: North America Superconducting Fault Current Limiters Market Size (US$ Mn) Forecast, 2016–2026
Figure 27: North America Superconducting Fault Current Limiters Market Size, Y-o-Y (In %) Growth Projections, 2017–2026
Figure 28: North America Superconducting Fault Current Limiters Market Value Share Analysis, by Type, 2018 and 2026
Figure 29: North America Superconducting Fault Current Limiters Market Value Share Analysis, by End-use Industry, 2016 and 2026
Figure 30: North America Superconducting Fault Current Limiters Market Value Share Analysis, by Country, 2018 and 2026
Figure 31: North America Superconducting Fault Current Limiters Market Attractiveness Analysis, by Type
Figure 32: North America Superconducting Fault Current Limiters Market Attractiveness Analysis, by End-use Industry
Figure 33: North America Superconducting Fault Current Limiters Market Attractiveness Analysis, by Country
Figure 34: Europe Superconducting Fault Current Limiters Market Size (US$ Mn) Forecast, 2016–2026
Figure 35: Europe Superconducting Fault Current Limiters Market Size, Y-o-Y (In %) Growth Projections, 2017–2026
Figure 36: Europe Superconducting Fault Current Limiters Market Value Share Analysis, by Type, 2018 and 2026
Figure 37: Europe Superconducting Fault Current Limiters Market Value Share Analysis, by End-use Industry, 2018 and 2026
Figure 38: Europe Superconducting Fault Current Limiters Market Value Share Analysis, by Country, 2018 and 2026
Figure 39: Europe Superconducting Fault Current Limiters Market Attractiveness Analysis, by Type
Figure 40: Europe Superconducting Fault Current Limiters Market Attractiveness Analysis, by End-use Industry
Figure 41: Europe Superconducting Fault Current Limiters Market Attractiveness Analysis, by Country
Figure 42: Asia Pacific Superconducting Fault Current Limiters Market Size (US$ Mn) Forecast, 2016–2026
Figure 43: Asia Pacific Superconducting Fault Current Limiters Market Size, Y-o-Y (In %) Growth Projections, 2017–2026
Figure 44: Asia Pacific Superconducting Fault Current Limiters Market Value Share Analysis, by Type, 2018 and 2026
Figure 45: Asia Pacific Superconducting Fault Current Limiters Market Value Share Analysis, by End-use Industry, 2018 and 2026
Figure 46: Asia Pacific Superconducting Fault Current Limiters Market Value Share Analysis, by Country, 2016 and 2026
Figure 47: Asia Pacific Superconducting Fault Current Limiters Market Attractiveness Analysis, by Type
Figure 48: Asia Pacific Superconducting Fault Current Limiters Market Attractiveness Analysis, by End-use Industry
Figure 49: Asia Pacific Superconducting Fault Current Limiters Market Attractiveness Analysis, by Country
Figure 50: MEA Superconducting Fault Current Limiters Market Size (US$ Mn) Forecast, 2016–2026
Figure 51: MEA Superconducting Fault Current Limiters Market Size, Y-o-Y (In %) Growth Projections, 2017–2026
Figure 52: MEA Superconducting Fault Current Limiters Market Value Share Analysis, by Type, 2018 and 2026
Figure 53: MEA Superconducting Fault Current Limiters Market Value Share Analysis, by End-use Industry, 2018 and 2026
Figure 54: MEA Superconducting Fault Current Limiters Market Value Share Analysis, by Country, 2016 and 2026
Figure 55: MEA Superconducting Fault Current Limiters Market Attractiveness Analysis, by Type
Figure 56: MEA Superconducting Fault Current Limiters Market Attractiveness Analysis, by End-use Industry
Figure 57: MEA Superconducting Fault Current Limiters Market Attractiveness Analysis, by Country
Figure 58: South America Superconducting Fault Current Limiters Market Size (US$ Mn) Forecast, 2016–2026
Figure 59: South America Superconducting Fault Current Limiters Market Size, Y-o-Y (In %) Growth Projections, 2017–2026
Figure 60: South America Superconducting Fault Current Limiters Market Value Share Analysis, by Type, 2018 and 2026
Figure 61: South America Superconducting Fault Current Limiters Market Value Share Analysis, by End-use Industry, 2018 and 2026
Figure 62: South America Superconducting Fault Current Limiters Market Value Share Analysis, by Country, 2016 and 2026
Figure 63: South America Superconducting Fault Current Limiters Market Attractiveness Analysis, by Type
Figure 64: South America Superconducting Fault Current Limiters Market Attractiveness Analysis, by End-use Industry
Figure 65: South America Superconducting Fault Current Limiters Market Attractiveness Analysis, by Country
Figure 66: Global Superconducting Fault Current Limiters Market Share Analysis (2017)
Figure 67: ABB Net Sales, by Region
Figure 68: ABB Revenue (US$ Mn) & Y-o-Y Growth (%), 2015–2017
Figure 69: Siemens AG Net Sales, by Region
Figure 70: Siemens AG Revenue (US$ Mn) & Y-o-Y Growth (%), 2015–2017
Figure 71: Toshiba Corporation Net Sales, by Region
Figure 72: Toshiba Corporation Revenue (US$ Mn) & Y-o-Y Growth (%), 2015–2017
Figure 73: Fujikura Group Net Sales, by Region
Figure 74: Fujikura Group Revenue (US$ Mn) & Y-o-Y Growth (%), 2016–2018
Figure 75: Applied Materials, Inc Net Sales, by Region
Figure 76: Applied Materials, Inc Revenue (US$ Mn) & Y-o-Y Growth (%), 2015–2017
Figure 77: Nexans S.A. Net Sales, by Region
Figure 78: Nexans S.A. Revenue (US$ Mn) & Y-o-Y Growth (%), 2015–2017
Figure 79: American Superconductor Net Sales, by Region
Figure 80: American Superconductor Revenue (US$ Mn) & Y-o-Y Growth (%), 2015–2017
Figure 81: Superconductor Technologies Inc. Revenue (US$ Mn) & Y-o-Y Growth (%), 2015–2017
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*86 figures and 60 tables includes