Aging electrical network assets and additional advantages provided by the smart cable guard system technology over traditional fault detection systems is expected to propel the market growth over the forecast period. Moreover, government support for installation of advanced power infrastructure across the globe is likely to give impetus to the market growth during 2018-2024.

Fault detection plays a crucial role in the distribution of power through transmission lines. Power cables deteriorate over time, and result in breakdowns and blackouts in the grid system. This results in loss to industrial assets and irreparable damages to the functioning of energy intensive manufacturing units. This has resulted in demand for a system which can automatically detect and notify the operators allowing them to take preemptive action.

Phase-earth faults and outages can be detected and located with acceptable accuracy by using smart cable guard system. Smart cable guard system employs the use of two sensor injector units (SIU), and two control units (CU), one of each at the cable termination point. The smart cable guard online monitoring system is used for high impedance grounded networks. This early warning system effectively saves operating cost of the distribution system. Moreover, the network faults repairing runs proactively instead of reactively, thereby reducing liability claims due to outages.

Europe is likely to witness the fastest CAGR during 2018-2024. The growth in the region can be attributed to initiatives taken by the local governments to promote adoption of new technologies inorder to save energy and minimize losses during transmission. Moreover, presence of key players in the region such as DNV GL AS, Locamation, and Alliander N.V. is also expected to propel the market growth during the forecast period.

Some of the key companies operating in the market include DNV GL AS; Alliander N.V.; Locamation; Enexis Netbeheer; Essar Electricals; High Voltage, Inc.; Surgetek; BAUR GmbH; Vinçotte; and Telemetrics, among others.

CHAPTER 1. Market Scope and Methodology

1.1. Market Definition

1.2. Market Segmentation

1.2.1. Market Breakdown, By Components

1.2.2. Market Breakdown, By End Use Industry

1.2.3. Market Breakdown, By Region

1.3. Research Methodology

1.3.1. Initial Data Search

1.3.2. Secondary Research

1.3.3. Primary Research

1.3.4. Scope and Assumptions

1.4. Executive Summary

CHAPTER 2. Market Outlook

2.1. Introduction

2.2. Market Outlook

2.2.1. Market Share

2.2.2. Opportunities and Trends

    2.2.2.1. Usage of smart cable guard systems in nuclear power plants and offshore wind farms

    2.2.2.2. Smart cable guard technology being adopted by utility power plants and industries

2.2.3. Growth Drivers

   2.2.3.1. Aging electrical network assets

   2.2.3.2. Additional advantages over traditional fault detection systems

   2.2.3.3. Government support for installation of advanced power infrastructure

2.2.4. Impact Analysis of Drivers on Future Forecast of the Market

2.2.5. Restraints of the Market

            2.2.5.1. Relatively high cost of smart cable guard system

2.2.6. Impact Analysis of Restraints on Future Forecast of the Market

CHAPTER 3. Market Entry Strategy

3.1. PESTLE Analysis

3.2. Value Chain Analysis

3.3. Competitive Analysis

  3.3.1. Company Market Share Analysis

  3.3.2. Porter’s Five Forces Analysis

CHAPTER 4. Global Smart Cable Guard System Market Size and Forecast (2018 – 2024)

4.1. Global Smart Cable Guard System Market, By Components

4.1.1. Sensor Injector Unit

4.1.2. Control Unit

4.1.3. Software

4.2. Global Smart Cable Guard System Market, By End Use Industry

4.2.1. Healthcare

4.2.2. Electric Power

4.2.3. Small Industries

4.2.4. Others

CHAPTER 5. Global Smart Cable Guard System Market, By Region

5.1. North America Smart Cable Guard System Market (USD Million)

5.1.1. North America Smart Cable Guard System Market, By Components (USD Million)

5.1.2. North America Smart Cable Guard System Market, By End Use Industry (USD Million)

5.1.3. North America Smart Cable Guard System Market, By Country

   5.1.3.1. U.S. Smart Cable Guard System Market (USD Million)

   5.1.3.2. Rest of North America Smart Cable Guard System Market (USD Million)

5.2. Europe Smart Cable Guard System Market (USD Million)

5.2.1. Europe Smart Cable Guard System Market, By Components (USD Million)

5.2.2. Europe Smart Cable Guard System Market, By End Use Industry (USD Million)

        5.2.3. Europe Smart Cable Guard System Market, By Country

    5.2.3.1. U.K Smart Cable Guard System Market (USD Million)

    5.2.3.2. Germany Smart Cable Guard System Market (USD Million)

    5.2.3.3. France Smart Cable Guard System Market (USD Million)

    5.2.3.4. Rest of Europe Smart Cable Guard System Market (USD Million)

5.3. Asia-Pacific Smart Cable Guard System Market (USD Million)

     5.3.1. Asia-Pacific Smart Cable Guard System Market, By Components (USD Million)

     5.3.2. Asia-Pacific Smart Cable Guard System Market, By End Use Industry (USD Million)

     5.3.3. Asia-Pacific Smart Cable Guard System Market, By Country

       5.3.3.1. China Smart Cable Guard System Market (USD Million)

      5.3.3.2. Japan Smart Cable Guard System Market (USD Million)

      5.3.3.3. India Smart Cable Guard System Market (USD Million)

      5.3.3.4. Rest of Asia-Pacific Smart Cable Guard System Market (USD Million)

5.4. Rest of the World (ROW) Smart Cable Guard System Market (USD Million)

       5.4.1. Rest of the World (ROW) Smart Cable Guard System Market, By Components (USD Million)

       5.4.2. Rest of the World (ROW) Smart Cable Guard System Market, By End Use Industry (USD Million)

        5.4.3. Rest of the World (ROW) Smart Cable Guard System Market, By Country

            5.4.3.1. South Africa Smart Cable Guard System Market (USD Million)

            5.4.3.2. Rest of ROW Smart Cable Guard System Market (USD Million)

CHAPTER 6. Key Players and Strategic Developments

6.1. DNV GL AS

6.1.1. Business Overview

6.1.2. Product and Service Offering

6.1.3. Financial Overview

6.1.4. Strategic Developments

6.2. Alliander N.V.

6.2.1. Business Overview

6.2.2. Product and Service Offering

6.2.3. Financial Overview

6.2.4. Strategic Developments

6.3. Locamation

6.3.1. Business Overview

6.3.2. Product and Service Offering

6.3.3. Financial Overview

6.3.4. Strategic Developments

6.4. Enexis Netbeheer

6.4.1. Business Overview

6.4.2. Product and Service Offering

6.4.3. Financial Overview

6.4.4. Strategic Developments

6.5. Essar Electricals

6.5.1. Business Overview

6.5.2. Product and Service Offering

6.5.3. Financial Overview

6.5.4. Strategic Developments

6.6. High Voltage, Inc.

6.6.1. Business Overview

6.6.2. Product and Service Offering

6.6.3. Financial Overview

6.6.4. Strategic Developments

6.7. Surgetek

6.7.1. Business Overview

6.7.2. Product and Service Offering

6.7.3. Financial Overview

6.7.4. Strategic Developments

6.8. BAUR GmbH

6.8.1. Business Overview

6.8.2. Product and Service Offering

6.8.3. Financial Overview

6.8.4. Strategic Developments

6.9. Vinçotte

6.9.1. Business Overview

6.9.2. Product and Service Offering

6.9.3. Financial Overview

6.9.4. Strategic Developments

6.10. Telemetrics

6.10.1. Business Overview

6.10.2. Product and Service Offering

6.10.3. Financial Overview

6.10.4. Strategic Developments