This Fault Current Limiter market report delivers an in-depth analysis of the market’s key characteristics, including size, growth potential, and segmentation. It provides a detailed breakdown of the market across major regions and leading countries, highlighting historical data and future growth projections. The report also examines the competitive landscape, market share insights, emerging trends, and strategic developments shaping the market.
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 Dünnschichttechnik 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.
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 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 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.
This product will be delivered within 3-5 business days.
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 Dünnschichttechnik 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.
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 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 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.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Fault Current Limiter Market Characteristics3. Fault Current Limiter Market Trends and Strategies4. Fault Current Limiter Market - Macro Economic Scenario Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market32. Global Fault Current Limiter Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Fault Current Limiter Market34. Recent Developments in the Fault Current Limiter Market
5. Global Fault Current Limiter Growth Analysis and Strategic Analysis Framework
6. Fault Current Limiter Market Segmentation
7. Fault Current Limiter Market Regional and Country Analysis
8. Asia-Pacific Fault Current Limiter Market
9. China Fault Current Limiter Market
10. India Fault Current Limiter Market
11. Japan Fault Current Limiter Market
12. Australia Fault Current Limiter Market
13. Indonesia Fault Current Limiter Market
14. South Korea Fault Current Limiter Market
15. Western Europe Fault Current Limiter Market
16. UK Fault Current Limiter Market
17. Germany Fault Current Limiter Market
18. France Fault Current Limiter Market
19. Italy Fault Current Limiter Market
20. Spain Fault Current Limiter Market
21. Eastern Europe Fault Current Limiter Market
22. Russia Fault Current Limiter Market
23. North America Fault Current Limiter Market
24. USA Fault Current Limiter Market
25. Canada Fault Current Limiter Market
26. South America Fault Current Limiter Market
27. Brazil Fault Current Limiter Market
28. Middle East Fault Current Limiter Market
29. Africa Fault Current Limiter Market
30. Fault Current Limiter Market Competitive Landscape and Company Profiles
31. Fault Current Limiter Market Other Major and Innovative Companies
35. Fault Current Limiter Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Fault Current Limiter Global Market Report 2025 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.
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Description
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 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 market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- 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.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Type: Superconducting Fault Current Limiter (SFCL); Non-Superconducting Fault Current Limiter (NSFCL)2) by Power Rating: Low (Less Than 1 kV); Medium (1-40 kV); High (More Than 40 kV)
3) by End Use: Power Stations; Automotive; Oil and Gas; Steel and Aluminum; Paper Mills; Other End Uses
Subsegments:
1) by Superconducting Fault Current Limiter (SFCL): Resistive SFCL; Inductive SFCL; Hybrid SFCL; Cryogenic SFCL2) by Non-Superconducting Fault Current Limiter (NSFCL): Fuse-Based NSFCL; Circuit Breaker-Based NSFCL; Thyristor-Based NSFCL; Active Series Compensator-Based NSFCL
Key Companies Profiled: Siemens AG; Mitsubishi Electric Corporation; ABB Ltd.; Applied Materials Inc.; Toshiba Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
The companies featured in this Fault Current Limiter market report include:- 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 Dünnschichttechnik GmbH
- SuperPower Inc.
- Gridon Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | April 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 5.34 Billion |
| Forecasted Market Value ( USD | $ 7.58 Billion |
| Compound Annual Growth Rate | 9.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 25 |
