New York, United States, March 18, 2024 (GLOBE NEWSWIRE) — The Global Cable Fault Locator Market Size is to Grow from USD 712.5 Million in 2023 to USD 1,574.1 Million by 2033, at a Compound Annual Growth Rate (CAGR) of 8.25% during the projected period.
Based on product type, the global cable fault locator market is divided into cable sheath fault locators, cable route tracers, time domain reflectometer, pinpointer, voltage surge generator, and others. Among these, the time domain reflectometer cable fault locator segment is anticipated to grow at rapid pace in the global cable fault locator market during the projected timeframe. Time domain reflectometers (TDRs) dominate the cable fault locator market due to they are highly accurate instruments capable of detecting faults in a wide range of cable types, including coaxial, twisted pair, and fiber optic cables.Based on probability type, the global cable fault locator market is divided into portable, and handheld. Among these, the portable segment is expected to hold the largest share of the global cable fault locator market during the forecast period. Portable cable fault locators offer unparalleled flexibility because they can be easily transported to multiple locations, which is critical in industries such as telecommunications and utilities, where infrastructure is frequently dispersed across large geographic areas.Based on end user, the global cable fault locator market is divided into petroleum, electrical and electronics, telecommunication, power generation, mining, construction, and others. Among these, the electrical and electronics segment is expected to hold the greatest share of the global cable fault locator market during the projected timeframe. The sudden shift toward automation and digitization is driving demand for highly reliable electrical systems as these technologies become more integrated into daily operations, resulting in an increasing margin for error, which favors global cable fault locator market growth.This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global Cable Fault Locator Market based on the below-mentioned segments:
(GlobeNewsWire)