According to the report titled ‘Cable Fault Locator Market Size By Product (Cable Sheath Fault Locators, Cable Route Tracer, Time Domain Reflectometer, Pin Pointers, Voltage Surge Generators), By Type (Portable, Handheld), By Application (Telecom, Power & Energy, Electronics, Mining, Construction, Petroleum), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, global cable fault locator market is expected to witness robust expansion during the period 2021-2027.
 

Rising demand for reliable internet connection to support the remote culture enforced by the Covid-19 pandemic, and soaring prominence of cable networks across different sectors are factors augmenting the growth of global cable fault locator market.
 

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Furthermore, key players are introducing new & improved products to address the emerging needs across verticals which is further accelerating the industry development. 
 

Though preference for underground electric cables, aging power infrastructure, and swift automation & industrialization are augmenting the market outlook, the challenge of limited expertise for operating fault locators will dwindle the growth potential. 
 

Based on product type, the pin-pointers segment accounted for a market share of 10% in the year 2020 and is estimated to showcase notable CAGR during the forecast period, due to the aging cable infrastructure. 
 

In terms of application spectrum, worldwide cable fault locator industry share from the electronics segment ,is anticipated to grow at 10% CAGR during the analysis period, owing to the increasing automation in the semiconductor vertical which is propelling the utilization of the product in such applications.
 

From a regional standpoint, Latin America market is poised to grow at 10% CAGR during the assessment timeframe, owing to focus on improving telecom infrastructure across the region. 
 

The competitive landscape of global cable fault locator industry is defined by companies such as The 3M Company, Siemens AG, Schweitzer Engineering Laboratories Inc. (SEL), Schneider Electric SE, Nortroll AS, Megger Group Limited, Hubbell Incorporated, High Voltage Inc., Elektro-Mechanik GmbH (EMG), Eaton Corporation plc, Dipl.-Ing. H. Horstmann GmbH, Clinton Instrument Company, Groupe Cahors, BAUR GmbH, and Asian Contec Ltd. (Stanlay) among others.