Cable Fault Locator Global Market Report 2024

The cable fault locator market size has grown strongly in recent years. It will grow from $0.66 billion in 2023 to $0.73 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The expansion observed during the historical period can be attributed to various factors, including increasing demand for reliable power supply, aging infrastructure in need of maintenance or replacement, adherence to regulatory standards, advancements in technology facilitating more efficient fault detection and repair, a rise in electrical installations to meet growing energy needs, and frequent occurrences of power outages necessitating effective fault locating and resolution.

The cable fault locator market size is expected to see strong growth in the next few years. It will grow to $1.06 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The anticipated growth in the forecast period can be attributed to several factors, including the implementation of smart grid technologies, the expansion of renewable energy sources, investment in infrastructure development, the increasing adoption of automation, Internet of Things (IoT), and big data analytics, urbanization, and industrialization trends. Key trends expected in this period include digitalization of grid systems, remote monitoring capabilities, integration of artificial intelligence (AI) for improved efficiency and decision-making, adoption of modular solutions for scalability, utilization of cloud-based platforms for enhanced connectivity and data management, and implementation of predictive maintenance strategies to optimize system reliability and performance.

The growing need for dependable electrical and telecommunication networks is poised to drive the expansion of the cable fault locator market in the future. Electrical and telecommunication networks constitute interconnected systems crucial for transmitting power and communication signals, playing a vital role in modern infrastructure and connectivity. The rising demand for reliable networks stems from the increasing dependence on interconnected systems to ensure seamless communication and uninterrupted access to power, essential for both everyday living and business operations. Cable fault locators are instrumental in these networks, enabling precise identification and localization of faults or breaks in cables, thereby facilitating efficient repair and maintenance. For instance, according to the Organization for Economic Co-operation and Development (OECD) in March 2024, mobile broadband subscriptions surged by 56% from 2020 to 2023. Additionally, mobile subscriptions increased by 4.6% in 2022 alone, reaching a total of 1.8 billion as of 2023, up from 1.74 billion in 2022. This heightened demand for dependable electrical and telecommunication networks is propelling the growth of the cable fault locator market.

Key players in the cable fault locator market are concentrating on integrating with geographic information systems (GIS) and mapping software, such as mobile underground cable fault location systems, to enhance accuracy and efficiency in fault detection. Mobile underground cable fault location systems are portable technologies equipped with advanced diagnostic tools and software designed to accurately detect, pinpoint, and map faults in underground cables. For example, Tata Power North Odisha Distribution Limited (TPNODL), an India-based utility company, introduced the Centrix 2 mobile underground fault location system in August 2022. This product boasts advanced pinpointing technology and GIS mapping capabilities, enabling precise fault detection and minimizing operational downtime. These advancements significantly enhance fault detection accuracy and efficiency, positioning companies at the forefront of the industry.

In June 2021, Motwane Manufacturing Company Private Limited, an India-based provider of electrical testing and measurement solutions, acquired Telemetrics Equipments Pvt. Ltd. for an undisclosed amount. The acquisition aims to expand Motwane's portfolio and enhance its capabilities in the electrical testing and measurement sector by integrating Telemetrics' expertise in cable fault locators and related equipment. Telemetrics Equipments Pvt. Ltd. is an India-based manufacturer of cable fault locators.

Major companies operating in the cable fault locator market are 3M Company, Eaton Corporation plc, Schneider Electric SE, Hubbell Incorporated, FLIR Systems Inc., Schweitzer Engineering Laboratories Inc, S&C Electric Company, Megger Group Limited, Hioki E.E. Corporation, Doble Engineering Company, Chauvin Arnoux Group, BAUR GmbH, High Voltage Inc, SebaKMT, Radiodetection Ltd, InterEng GmbH & Co. KG, HV Technologies Inc, Clinton Instrument Company, KUSAM Electrical Industries Ltd, Caltech Engineering Services, Telemetrics Equipments Pvt Ltd, Sonel Instruments India Pvt Ltd, T&R Test Equipment Ltd, Time Electronics Ltd, Sefelec.

North America was the largest region in the cable fault locator market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period The regions covered in the cable fault locator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the cable fault locator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A cable fault locator is a device utilized to identify and pinpoint faults or disruptions in cables, assisting in the effective diagnosis and repair of electrical or communication networks. These devices are often constructed from durable materials such as metal alloys and incorporate advanced electronic components for precise analysis of cable characteristics and fault location.

The primary types of products in cable fault locators include cable sheath fault locators, cable route tracers, time domain reflectometers, pinpointers, voltage surge generators, and others. Cable sheath fault locators are specialized devices designed to detect faults or damages specifically within the sheath or insulation of underground cables. These products are categorized by portability into portable and handheld variants, serving end users in sectors such as petroleum, electrical and electronics, telecommunications, power generation, mining, construction, and others.

The cable fault locator market research report is one of a series of new reports that provides cable fault locator market statistics, including cable fault locator industry global market size, regional shares, competitors with an cable fault locator market share, detailed cable fault locator market segments, market trends and opportunities, and any further data you may need to thrive in the cable fault locator industry. This cable fault locator 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 cable fault locator market consists of sales of thermal imaging cable fault locators, acoustic cable fault locators, and cable monitoring systems. 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.