PUBLISHER: The Business Research Company | PRODUCT CODE: 1716988
PUBLISHER: The Business Research Company | PRODUCT CODE: 1716988
A fault current limiter (FCL) is an electrical device designed to control or restrict excessive current flow during short circuits or electrical faults in power systems. By quickly limiting fault currents, FCLs help protect electrical equipment, maintain system stability, and minimize damage or outages. They are widely used in power grids to enhance safety and reliability.
The main types of fault current limiters are superconducting fault current limiters (SFCL) and non-superconducting fault current limiters (NSFCL). A superconducting fault current limiter (SFCL) uses superconducting materials to limit fault currents, thereby safeguarding equipment and improving system stability in applications such as power stations, industrial facilities, and large-scale electrical grids. SFCLs are categorized by power ratings into low (less than 1 kV), medium (1-40 kV), and high (more than 40 kV), and are employed across various sectors, including power stations, automotive, oil and gas, steel and aluminum, paper mills, and others.
The fault current limiter market research report is one of a series of new reports from The Business Research Company that provides fault current limiter market statistics, including fault current limiter industry global market size, regional shares, competitors with a fault current limiter market share, detailed fault current limiter market segments, market trends and opportunities, and any further data you may need to thrive in the fault current limiter industry. This fault current limiter market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The fault current limiter market size has grown strongly in recent years. It will grow from $4.88 billion in 2024 to $5.34 billion in 2025 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to increasing power demand, aging power infrastructure, frequent grid failures, urbanization growth, and reliance on fossil fuels.
The fault current limiter market size is expected to see strong growth in the next few years. It will grow to $7.58 billion in 2029 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to grid modernization initiatives, rising electric vehicle adoption, demand for energy efficiency, increasing electricity consumption, and growth in distributed energy resources. Major trends in the forecast period include the adoption of superconducting technologies, digitalization of power networks, development of hybrid fault current limiters, rise in microgrid installations, and advanced monitoring systems integration.
The increasing need for advanced and sophisticated power grid infrastructure is anticipated to drive the growth of the fault current limiter market. Power grid infrastructure encompasses the intricate network of generation, transmission, and distribution systems that transport electrical power from producers to consumers, ensuring a reliable and efficient energy supply. The rising demand for enhanced power grid infrastructure is influenced by factors such as growing energy consumption, the integration of renewable and distributed energy sources, the necessity for improved grid reliability and resilience, and the modernization of aging infrastructure to support technological advancements and efficient energy distribution. Fault current limiters play a crucial role in this infrastructure by protecting equipment from excessive fault currents, ensuring system stability, and preventing outages. For example, an April 2024 report from the Lawrence Berkeley National Laboratory, a US Department of Energy (DOE) facility, noted that the cumulative active capacity in power project queues reached nearly 2,600 GW (2.6 TW) in 2023, up from 2.05 TW in 2022 and 1.46 TW in 2021. Active nuclear capacity seeking grid connection increased to 10 GW from about 6.5 GW, while hydropower capacity remained stable around 5.7 GW. This growing need for sophisticated power grid infrastructure is propelling the fault current limiter market.
Leading companies in the fault current limiter market are focusing on developing advanced solutions, such as ultra-fast fault current interruption technologies, to enhance grid protection and reliability by swiftly addressing large electrical currents caused by faults. Ultra-fast fault current interruption systems are designed to rapidly detect and disconnect fault currents in electrical networks, preventing damage and boosting system reliability. For instance, in April 2022, Western Power Distribution (WPD), a UK-based electricity distribution network operator, introduced the EDGE-FCLi trial, an innovative fault limiter solution for electricity network faults. This solution can interrupt fault currents in less than 200 microseconds, making it 1,000 times faster than traditional mechanical methods. This rapid response capability reduces the risk of equipment damage and power outages, thereby enhancing grid reliability and safety, particularly as more distributed generation sources such as solar and wind are integrated into the network.
In May 2024, ABB Ltd., a Switzerland-based automation company, acquired Siemens' Wiring Accessories business in China. This acquisition is intended to strengthen ABB's presence in the smart building sector and enhance its product range in wiring accessories. Moreover, it aims to capitalize on Siemens' established distribution network to drive growth within the Chinese market. Siemens AG, based in Germany, is an automation company that specializes in providing fault current limiters.
Major companies operating in the fault current limiter market are Siemens AG, Mitsubishi Electric Corporation, ABB Ltd., Applied Materials Inc., Toshiba Corporation, Eaton Corporation PLC, Nexans, LeGrand SA, Furukawa Electric Co., Hubbell Incorporated, GE Grid Solutions LLC, LS Electric Co Ltd, S&C Electric Company, NR Electric Co. Ltd., Wilson Transformer Company, G&W Electric Co., American Superconductor Corporation (AMSC), Scribd Inc., Zenergy Power Electric Co., Rongxin Power Electronic Co. Ltd., Stirling Cryogenics, Theva Dunnschichttechnik GmbH, SuperPower Inc., Gridon Ltd.
North America was the largest region in the fault current limiter market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fault current limiter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the fault current limiter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The fault current limiter market consists of sales of inductive solid-state fault current limiters, hybrid fault current limiters, mechanical fault current limiters, and fast-switching fault current limiters. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Fault Current Limiter Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on fault current limiter market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for fault current limiter ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The fault current limiter market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.