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Automotive Fault Circuit Controllers Market Size, Share & Industry Analysis, By Type (Superconducting Devices, Non-Superconducting Devices), By Voltage Type (High, Medium , Low) By Vehicle Type (Passenger Cars, Commercial Vehicles) and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI103581 | Status : Ongoing



Automotive fault circuit controller also known as fault current limiter enables increase the amount of current flowing through the system and permits the electrical system to function continuously, similar to the way surge protectors limit destructive current to household appliances. The urge to upgrade the power connectivity and transform the network is likely to result in an increasing demand for superconductors as viable fault circuit controllers. The superconducting fault circuit controller provides a potential technique by eliminating the need for spending on network modifications. Automotive fault circuit controllers assist in taking advantage of the quick loss of conductivity over the critical arrangement of current density, magnetic field, and temperature. In regular manoeuvre, there is no resistance and low impedance when power flows through the conductor. Moreover, superconducting materials meet the performance fundamentals essential by power system equipment to make the electrical system function better, which consequently may increase the use of superconducting materials to achieve current limiting effects. As compared with conventional protection equipment, superconducting fault circuit controller is more preferable and constitutes the majority of the fault circuit controller market.

Stringent emission standards and increasing costs of fuels have enforced manufacturers to develop lightweight and energy-efficient vehicles. Consequently, the mechanical and hydraulic systems were replaced by electrical systems, which triggered the almost doubling of the size of the electrical system. As these systems rise, the power supply voltage may vary between 12 and 20 V, depending on the level of battery charge. As a result, the ever-increasing interconnection of power networks is impelling the possibility of distribution panels being exposed to excessive short-circuit currents. Furthermore automotive fault circuit controller provide economical and reliable protection against these currents in the automotive industry. Therefore, the market is expected to grow at a considerable rate over the forecast period.

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Key Market Driver -

Increasing adoption of electrical systems in vehicles is expected to drive the growth of the market in the forecast period.

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Key Market Restraint -

Malfunctioning in electrical systems may hinder the growth of the market during the forecast period.

Market Segmentation:

Globally, the automotive fault circuit controllers market is segmented by type, by voltage type, by vehicle type, and by geographic coverage. Based on type, the market is further segmented into superconducting devices and non-superconducting devices. Superconducting devices accounts for the major share in the global market. Superconducting devices are highly preferable devices in vehicles as compared to the traditional protection devices as they offer several functional benefits such as ability to utilize rapid loss of conductivity over a severe process of current density, temperature, and magnetic field. By voltage type, the market is divided into high voltage, medium voltage, and low voltage. The medium voltage segment accounts for the significant share in the global market. The vehicle type is further segmented into passenger cars and commercial vehicles. The passenger cars segment accounts for the largest share in the global market and is expected to maintain its dominance over the forecast years. The rise in the sales and production of passenger cars along with the rapid adoption of advanced electrical systems in vehicles is expected to create high demand for automotive fault circuit controllers in the global market. Also, the increasing demand for technologically advanced features in vehicles as well as the rise in the disposable income of people have driven the market growth in the passenger cars segment.

Key Players:

Major players operating in the global Automotive Fault Circuit Controllers market include American Superconductor Corporation, Gridon, American Superconductor Corporation, AMSC, ABB limited, Siemens AG, Superpower Inc., Nexans, Alstom, GE Industrial, and Applied Materials, among others.

Key Insights

  • New Advancements in Automotive Fault Circuit Controllers

  • Number of Products, Key Countries, 2019

  • New Product Launches, Key Players

Regional Analysis:

Geographically, the automotive fault circuit controllers market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Europe holds the major share in the global market. The European region is propelled by the growing demand for cost and energy efficient resolutions for automotive electricals robust smart grid initiatives, and increasing renewable projects. The automotive fault circuit controllers market is also projected to be driven by the growing demand for electric vehicles in which a significant amount of electronic devices are integrated. Moreover, the presence of prominent key players in this region is fuelling the market growth. Asia Pacific also shows a substantial growth in the global market and is expected to boost over the coming years. The rapid development and innovation in the electronic systems in vehicles along with the rising sales and production of vehicles is estimated to create high opportunities for automotive fault circuit controller market.

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By Type

  • Superconducting Devices

  • Non-Superconducting Devices

By Voltage Type

  • High

  • Medium

  • Low

By Vehicle Type

  • Passenger Cars

  • Commercial Vehicles

By Geography

  • North America (USA, Canada, and Mexico)

  • Europe (Germany, France, U.K., and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Rest of the World

  • Ongoing
  • 2023
  • 2019-2022

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