Smart Fault Detection System for Power Transmission Market to See Incredible Growth During 2026
Electricity
is produced in power generation plants and then transferred to end
consumers through various transmission and distribution lines.
Electric power transmission is the mass transfer of electrical energy
from power generation plants to electrical substations. Amid the
power generation stations and the end consumers, electricity runs
through numerous substations at various voltage levels. In electric
power transmission various faults such as symmetrical, unsymmetrical,
substation, and feeder faults occur occasionally. These faults are
caused mainly due to bad weather conditions, equipment failures,
human errors, and smoke of fires. The effects of these faults include
over current flow, loss of equipment, disturbance of interconnected
circuits, electrical fires and danger to handling personnel. Such
transmission outages lead to lost revenue for utility companies and
lost power for consumers. Transmission faults can also lead to
extensive outage times over huge geographical regions.
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Smart
fault detection systems for power transmission are technological
advanced systems to address transmission fault problem in smart ways
such as automatic fault detection and diagnosis. A lot of time,
energy and resources are saved with use of smart fault detection
system over conventional methods of fault detection and diagnosis in
power transmission lines. These systems detects and diagnoses fault
very quickly and accurately. It leads to improved transmission line
reliability, reduced transmission line outage time, reduced
transmission line outage area, and extended shelf life of power
system equipment. Valuable time and energy of restoration crew is
saved due to the smart fault detection system. It provides fault
detection and direction indications, which could be reported to a
system operator directly.
The
smart fault detection for power transmission industry is expanding
considerably. Various countries such as the U.S., U.K, Sweden, Japan,
Germany and Netherlands around the globe have started the use of
smart fault detection systems on their power transmission lines.
Certain train transportation transmission lines in Switzerland and
Sweden have also been equipped with this system. Critical outage
periods for industrial regions have also led to adoption of the smart
fault detection system. It also helps during natural calamities as it
can quickly detect faults and reduce outage period and risks. In time
sensitive areas of operation, adoption of smart fault detection
system has increased significantly. These systems can be configured
to be automatic or to be remotely controlled by service operator. As
huge dependence on human efforts is reduced, industries and utilities
companies prefer this smart system over conventional fault detection
systems.
Multiple
efforts from South Korea, China, Malaysia and South Africa to promote
the use of smart fault detection system is expected to enhance growth
in these markets. High demand for automation could directly or
indirectly fuel the demand for the smart detection system across the
globe. As per the recent developments in Australia and New Zealand,
the countries have started to apply smart fault detection systems on
their national power transmission lines. Even Indian government and
power utility companies have started discussing about adoption of
this smart system. Oil & gas companies in Middle East have also
started prospecting about the potential of these systems in their
specific industries. But high installation costs and lack of
awareness could confine market growth. Occurrence of regular natural
calamities and time sensitive nature of global operations could
further boost the adoption of smart fault detection systems. However,
a positive growth trajectory is predicted for the smart fault
detection system’s application in the power transmission industry.
The
global smart fault detection system for power transmission market can
be segmented based on the application and geography. This system can
be applied mainly for substations, switching stations, circuit
switchers, manual switches and remote controlled switches. Europe and
North America are major markets for smart fault detection system for
power transmission. The U.S., Sweden, Switzerland, Germany and
Netherlands are the major drivers for the growth in the smart fault
detection systems in these regions. Asia Pacific and the Middle East
are in the nascent stage but are projected to register higher growth
rate in the near future. Australia has fitted this system on various
national and regional transmission grids in recent years.
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Some
of the key players in the global smart fault detection system for
power transmission market include ABB Schweiz AG, ETap Inc., G&W
Electric, Inc., Metrycom Communication Ltd., Osisoft LLC, Southern
States LLC and Trilliant Inc.
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