Global Smart Cable Guard System Market Size By Product(Sensor Injector Unit, Control Unit), By Geographic Scope And Forecast

Smart Cable Guard System Market Size And Forecast

Smart Cable Guard System Market size was valued at USD 1,406.86 Million in 2021 and is projected to reach USD 4,005.06 Million by 2030, growing at a CAGR of 12.87% from 2022 to 2030.

The rising need for reliable systems to prevent partial discharges and faults increasing and aging electrical network assets will drive market growth. The Global Smart Cable Guard System Market report provide a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

What is Smart Cable Guard System?

The Smart Cable Guard? Think of it as a super-smart digital watchdog for your medium-voltage cable networks. It uses sensors to sniff out trouble – faults and weak spots – in those (underground) power cables with crazy accuracy. How? It's a combination of sensor tech and a machine-learning brain, all backed by 24/7 support. But here's the cool partbased on those tiny electrical hiccups called partial discharges, the Smart Cable Guard System doesn't just find problems that have happened. It catches the warning signs before they cause a blackout. Each system has two sensor units and two control units. Picture thisthese units are hooked up to each end (the sealing or termination end) of the cable, keeping watch over potentially multiple sections. The Sensor Units themselves are like super-sensitive ears – high-frequency current transformers that pick up those high-frequency pulses caused by faults and those early-warning partial discharges.

Global Smart Cable Guard System Market Overview

The rising need for reliable systems to prevent partial discharges and faults increasing and aging electrical network assets will drive market growth. Fault detection is critical in the distribution of power via transmission lines. Power cables degrade with time, resulting in grid system faults and blackouts. This causes industrial asset losses and irreversible harm to the operation of energy-intensive production equipment. As a result, there is a desire for a system that can identify and inform operators automatically, allowing them to take preventive action.

Looks like the electric power industry is set to grow faster than anyone else in the coming years! This is likely because everyone needs a reliable electricity supply. But, you know, as we've built out all these power lines and transformers – all that transmission and distribution infrastructure – it's become a real headache to fix things when something goes wrong. That's where the smart cable guard system comes in; it sniffs out little problems, like partial discharges, and alerts someone before they become big problems. Knowing about these things in real-time helps cut down on those annoying power outages and keeps the whole system running cheaper. Electric power is a huge part of this market and is really expected to fuel all the growth. The only snag? Figuring out all the different voltage levels is proving to be a bit of a roadblock.

Global Smart Cable Guard System MarketSegmentation Analysis

The Global Smart Cable Guard System Market is segmented on the basis of Product, Application, and Geography.

Smart Cable Guard System Market by Product

• Sensor Injector Unit
• Control Unit
• Software

To Get Summarized Market Report By Product-

Based on Product, the market is bifurcated into Sensor Injector Unit, Control Unit, and Software. Sensor Injector Unit accounted for the largest market share in 2021 and is projected to grow at the highest CAGR of 12.87% during the forecast period. Control Unit was the second-largest market in 2021 and is projected to grow at a growing CAGR.

Smart Cable Guard System Market by Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

To Get Summarized Market Report By Geography-

On the basis of regional analysis, the Global Smart Cable Guard System Market is classified into North America, Europe, Asia Pacific and Rest of the world. North America accounted for the largest market share in 2021, with a market value of USD 449.35 Million and is projected to grow at a CAGR of 12.23% during the forecast period. Europe was the second-largest market in 2021, valued at USD 416.56 Million in 2021; it is projected to grow at the highest CAGR of 13.09%.

Key Players

The “Global Smart Cable Guard System Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are DNV, Alliander, Prysmian, Enexis Group, Essar Electricals, High Voltage, Inc., Surgetek, Baur, HVPD, and Others.

The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• UK Power Networks (UKPN) engineers have fitted DNV’s monitoring system Smart Cable Guard at two sites, in the UK first. The system is used to detect and fix potential power cuts before they happen.Alliander

• Shareholders have invested around 600 million euros in Alliander, which would be able to further expand the electricity grid in the coming years.

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Reasons to Purchase this Report

We dive deep into the market using both numbers and insights, segmenting it by everything from economics to lifestyle. You'll get solid market value data (in USD Billion) for every segment and sub-segment. We'll pinpoint the region and segment set to explode with growth and which ones are leading the pack. Get a geographical breakdown showing product/service consumption, plus a look at the driving forces in each region. See how the big players stack up with market rankings, new offerings, partnerships, expansions, and acquisitions from the last five years, all in our competitive landscape section. Our company profiles are packed with info, including overviews, insights, product comparisons, and SWOT analyses for the major players. We cover the current state of the industry and where it's headed, highlighting growth opportunities, drivers, challenges, and restraints in both up-and-coming and established regions. We also provide an in-depth analysis using Porter's five forces to give you a complete picture, and a look into the Value Chain. Finally, you'll understand the market's dynamic scenario and the opportunities it holds for growth in the years ahead, plus get 6 months of analyst support after your purchase to answer any questions.

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