Fault Current Limiter Market worth 5.2 Billion USD by 2020
Global Fault Current Limiter Market is projected to grow at a CAGR of 9.2% during 2015-2020, to reach a value of USD 5.2 Billion by 2020. This growth is attributed to increasing interconnections of electric utility grid and rise in government initiatives to expand & upgrade the existing T&D system. Applications of fault current limiter are not limited to any single industry. There is scope for their usage in almost every industry related to technology, power, and transmission. All equipment and services related to electricity, power transmission, and electronics require circuit protection from overloads. Fault current limiter plays a crucial role in safeguarding the equipment and related machinery from circuit overload in almost every industry.
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