Cable Fault Locator Market is Poised to Achieve Continuing Growth During Forecast Period 2021-2027

Driven by increasing prevalence of remote work during the COVID-19 pandemic, the cable fault locator market is projected to witness robust growth through 2027. Moreover, escalating prominence of cable networks across varied industries is speculated to further support market growth through the forecast period.

Following the COVID-19 outbreak, government-imposed lockdown restrictions forced people worldwide to stay indoors. This burdened the telecommunications sector to a certain extent due to the rising work-from-home trend and subsequently bolstered consumer interest in cable fault location to ensure seamless network operations.

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Moreover, companies are also focusing on product development to address emerging needs in different sectors, which has been favorable for the overall business landscape. For instance, in November 2020, Platinum Tools, an expert in installation, preparation, testing, and hand termination of wire and cable, launched the novel Fiber Optic Visual Fault Locator that has been designed to help users test cables before installation as well as test breakout and patch cables for faults.

The cable fault locator market has been bifurcated on the basis of product, type, application, and region. Based on product, the market has further been segregated into time domain reflectometer, cable sheath fault locators, pin pointers, cable route tracer, voltage surge wave generators, and others.


The pin pointers sub-segment held a market share of over 10% in 2020 and is estimated to grow at a steady pace over 2021-2027. Aging cable infrastructure is set to be a key contributor to segmental growth through the assessment timeframe.

The voltage surge wave generators sub-segment is expected to garner a market share of approximately 5% by 2027, expanding at a notable CAGR over the analysis period. Growing demand for high voltage cables across various industry verticals is likely to fuel segmental development in the coming years.

From the application perspective, the cable fault locator market has been categorized into electronics, telecom, power and energy, petroleum, mining, construction, and others. The electronics sub-segment is projected to grow at more than 10% CAGR through the review period. Surging automation across the semiconductor industry is slated to propel product adoption in electronics applications over the following years.

The mining sub-segment is calculated to register a CAGR of around 10% over the study timeline to reach a sizable revenue by the end of 2027. Increasing demand for high voltage cables across the mining sector is speculated to boost revenue growth of the segment.

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In 2020, the construction sub-segment attained a market share of above 10% and is anticipated to observe optimistic growth by 2027. Mounting need for heavy electric machinery across the construction sector is foreseen to stimulate segmental expansion in the forthcoming years.
 
On the regional spectrum, the Latin America cable fault locator market is estimated to progress at nearly 10% CAGR through the forecast timeline to gain a considerable share in the overall industry revenue by 2027. Soaring requirement of improved telecom infrastructure across LATAM is likely to foster regional market outlook in the future.
 
Table of Contents (ToC) of the report:
Chapter 1   Methodology & Scope
1.1    Scope and definition
1.2    Methodology & forecast parameters
1.3    COVID-19 impact
1.3.1    North America
1.3.2    Europe
1.3.3    Asia Pacific
1.3.4    Latin America
1.3.5    MEA
1.4    Regional trends
1.4.1    North America
1.4.2    Europe
1.4.3    Asia Pacific
1.4.4    Latin America
1.4.5    MEA
1.5    Data Sources
1.5.1    Secondary
1.5.1.1    Paid sources
1.5.1.2    Public sources
1.5.2    Primary
Chapter 2   Executive Summary
2.1    Cable Fault Locator market 360º synopsis, 2016 - 2027
2.2    Business trends
2.3    Regional trends
2.4    Product trends
2.5    Type trends
2.6    Application trends
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/cable-fault-locator-market

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