Fault Detection and Classification Market - Top Companies and Manufacturers

  • Report ID: 5925
  • Published Date: Mar 27, 2024
  • Report Format: PDF, PPT

Companies Dominating the Fault Detection and Classification Landscape

top-features-companies
    • Cognex Corp.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Clockworks Analytics
    • Keyence Corp.
    • KLA Corp.
    • Microsoft Corp.
    • OMRON Corp.
    • Siemens AG
    • DNV Group AS
    • Lucy Electric
    • einnoSys Technologies Inc.
    • elunic AG
    • INFICON Holding AG

Browse Key Market Insights with Data Illustration:

In the News

  • Lucy Electric combined Advanced grid monitoring capabilities and AI for subterranean cable asset management and fault detection by utilizing a "digital twin" and sensors at the feeder and substation levels to identify irregularities in grid operation. Furthermore, combining this innovative technology with the GridKey monitoring system enhances fault management, resulting in considerable cost savings and fewer customer interruptions, and is regarded as a very successful method of identifying cable faults since it can locate little transients that are indicative of the beginning of a cable fault.
  • A novel machine-learning model for forecasting the maintenance requirements of large-scale solar PV installations has been created by scientists from Malaysia and Thailand, which will aid in detecting irregularities in the expected electrical current of string modules, the tool seeks to circumvent "fault detection and classification," which is frequently present in standard operating systems and notifies operators when repair is necessary.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5925
  • Published Date: Mar 27, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing manufacturing industry across the globe and the growing integration of AI are the major factors driving the growth of the market.

The market size of Fault Detection and Classification is anticipated to attain a CAGR of 9% over the forecast period, i.e., 2024-2036.

The major players in the market are KLA Corp., Microsoft Corp., OMRON Corp., Siemens AG, DNV Group AS, Lucy Electric, einnoSys Technologies Inc., elunic AG, INFICON Holding AG, Synopsys Inc., Musashi Seimitsu, and others.

The Automotive segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
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