Fault location, isolation, and service restoration hardware for electricity grids will reach US$5.4 billion in annual market value by 2023, says firm

The massive destruction of electric infrastructure from storms, such as Tropical Cyclone Sandy in 2012 and the Alabama tornado outbreaks of April 2011, has triggered customer-driven demand for faster service restoration. Fault location, isolation, and service restoration (FLISR) systems combine hardware, software, telecommunications, and grid engineering to decrease the duration of outages as well as the number of customers affected. According to a new research brief from Navigant Research, the worldwide market for FLISR hardware will grow from US$2.4 billion annually in 2014 to nearly US$5.4 billion in 2023.



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