Faulted Circuit Indicator (FCI) Industry Research Report 2023

Report ID
37719
Publisher
Published Date
08-Aug
Delivery Format
PDF
No of Report Page
105
Editor's Rating
US $2,950.00
US $4,425.00
US $5,900.00
  • Report Details
    This report aims to provide a comprehensive presentation of the global market for Faulted Circuit Indicator (FCI), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Faulted Circuit Indicator (FCI).
    The Faulted Circuit Indicator (FCI) market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Faulted Circuit Indicator (FCI) market comprehensively. Regional market sizes, concerning products by types, by application, and by players, are also provided. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
    For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
    The report will help the Faulted Circuit Indicator (FCI) manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, product type, application, and regions.
    Key Companies & Market Share Insights
    In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2018-2023. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:
        SEL(Schweitzer Engineering Laboratories)
        Horstmann
        ABB (Thomas & Betts)
        Eaton (Cooper Power Systems)
        CREAT
        Siemens
        SEMEUREKA
        BEHAUR SCITECH
        Elektro-Mechanik
        Schneider Electric
        NORTROLL
        Bowden Bros Ltd
        Beijing HCRT Electrical Equipment
        CELSA
        KE ELECTRIC
        Holystar
        Electronsystem MD
    Product Type Insights
    Global markets are presented by Faulted Circuit Indicator (FCI) type, along with growth forecasts through 2029. Estimates on production and value are based on the price in the supply chain at which the Faulted Circuit Indicator (FCI) are procured by the manufacturers.
    This report has studied every segment and provided the market size using historical data. They have also talked about the growth opportunities that the segment may pose in the future. This study bestows production and revenue data by type, and during the historical period (2018-2023) and forecast period (2024-2029).
    Faulted Circuit Indicator (FCI) segment by Type
        Overhead Line Faulted Circuit Indicators
        Cable Faulted Circuit Indicators
        Panel Faulted Circuit Indicators
        Others
    Application Insights
    This report has provided the market size (production and revenue data) by application, during the historical period (2018-2023) and forecast period (2024-2029).
    This report also outlines the market trends of each segment and consumer behaviors impacting the Faulted Circuit Indicator (FCI) market and what implications these may have on the industry's future. This report can help to understand the relevant market and consumer trends that are driving the Faulted Circuit Indicator (FCI) market.
    Faulted Circuit Indicator (FCI) segment by Application
        Short-circuit Indicators
        Earth Fault Indicators
        Short-circuit and Earth Fault Indicators
    Regional Outlook
    This section of the report provides key insights regarding various regions and the key players operating in each region. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. The readers will also get their hands on the revenue and sales data of each region and country for the period 2018-2029.
    The market has been segmented into various major geographies, including North America, Europe, Asia-Pacific, South America. Detailed analysis of major countries such as the USA, Germany, the U.K., Italy, France, China, Japan, South Korea, Southeast Asia, and India will be covered within the regional segment. For market estimates, data are going to be provided for 2022 because of the base year, with estimates for 2023 and forecast value for 2029.
        North America
            United States
            Canada
        Europe
            Germany
            France
            U.K.
            Italy
            Russia
        Asia-Pacific
            China
            Japan
            South Korea
            India
            Australia
            China Taiwan
            Indonesia
            Thailand
            Malaysia
        Latin America
            Mexico
            Brazil
            Argentina
    Key Drivers & Barriers
    High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
    COVID-19 and Russia-Ukraine War Influence Analysis
    The readers in the section will understand how the Faulted Circuit Indicator (FCI) market scenario changed across the globe during the pandemic, post-pandemic and Russia-Ukraine War. The study is done keeping in view the changes in aspects such as demand, consumption, transportation, consumer behavior, supply chain management, export and import, and production. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come.
    Reasons to Buy This Report
    This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Faulted Circuit Indicator (FCI) market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
    This report will help stakeholders to understand the global industry status and trends of Faulted Circuit Indicator (FCI) and provides them with information on key market drivers, restraints, challenges, and opportunities.
    This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
    This report stays updated with novel technology integration, features, and the latest developments in the market
    This report helps stakeholders to understand the COVID-19 and Russia-Ukraine War Influence on the Faulted Circuit Indicator (FCI) industry.
    This report helps stakeholders to gain insights into which regions to target globally
    This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Faulted Circuit Indicator (FCI).
    This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
    Core Chapters
    Chapter 1: Research objectives, research methods, data sources, data cross-validation;
    Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on.  It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
    Chapter 3: Detailed analysis of Faulted Circuit Indicator (FCI) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
    Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
    Chapter 5:  Production/output, value of Faulted Circuit Indicator (FCI) by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
    Chapter 6:  Consumption of Faulted Circuit Indicator (FCI) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development,  future development prospects, market space, and production of each country in the world.
    Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
    Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
    Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
    Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market,  the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
    Chapter 11: The main points and conclusions of the report.
    
  • Table Of Content
    1 Preface
        1.1 Scope of Report
        1.2 Reasons for Doing This Study
        1.3 Research Methodology
        1.4 Research Process
        1.5 Data Source
            1.5.1 Secondary Sources
            1.5.2 Primary Sources
    2 Market Overview
        2.1 Product Definition
        2.2 Faulted Circuit Indicator (FCI)  by Type
            2.2.1 Market Value Comparison by Type  (2018 VS 2022 VS 2029) & (US$ Million)
            1.2.2 Overhead Line Faulted Circuit Indicators
            1.2.3 Cable Faulted Circuit Indicators
            1.2.4 Panel Faulted Circuit Indicators
            1.2.5 Others
        2.3 Faulted Circuit Indicator (FCI)  by Application
            2.3.1 Market Value Comparison by Application (2018 VS 2022 VS 2029) & (US$ Million)
            2.3.2 Short-circuit Indicators
            2.3.3 Earth Fault Indicators
            2.3.4 Short-circuit and Earth Fault Indicators
        2.4 Global Market Growth Prospects
            2.4.1 Global Faulted Circuit Indicator (FCI) Production Value Estimates and Forecasts (2018-2029)
            2.4.2 Global Faulted Circuit Indicator (FCI) Production Capacity Estimates and Forecasts (2018-2029)
            2.4.3 Global Faulted Circuit Indicator (FCI) Production Estimates and Forecasts (2018-2029)
            2.4.4 Global Faulted Circuit Indicator (FCI) Market Average Price (2018-2029)
    3 Market Competitive Landscape by Manufacturers
        3.1 Global Faulted Circuit Indicator (FCI) Production by Manufacturers (2018-2023)
        3.2 Global Faulted Circuit Indicator (FCI) Production Value by Manufacturers (2018-2023)
        3.3 Global Faulted Circuit Indicator (FCI) Average Price by Manufacturers (2018-2023)
        3.4 Global Faulted Circuit Indicator (FCI) Industry Manufacturers Ranking, 2021 VS 2022 VS 2023
        3.5 Global Faulted Circuit Indicator (FCI) Key Manufacturers, Manufacturing Sites & Headquarters
        3.6 Global Faulted Circuit Indicator (FCI) Manufacturers, Product Type & Application
        3.7 Global Faulted Circuit Indicator (FCI) Manufacturers, Date of Enter into This Industry
        3.8 Global Faulted Circuit Indicator (FCI) Market CR5 and HHI
        3.9 Global Manufacturers Mergers & Acquisition
    4 Manufacturers Profiled
        4.1 SEL(Schweitzer Engineering Laboratories)
            4.1.1 SEL(Schweitzer Engineering Laboratories) Faulted Circuit Indicator (FCI) Company Information
            4.1.2 SEL(Schweitzer Engineering Laboratories) Faulted Circuit Indicator (FCI) Business Overview
            4.1.3 SEL(Schweitzer Engineering Laboratories) Faulted Circuit Indicator (FCI) Production, Value and Gross Margin (2018-2023)
            4.1.4 SEL(Schweitzer Engineering Laboratories) Product Portfolio
            4.1.5 SEL(Schweitzer Engineering Laboratories) Recent Developments
        4.2 Horstmann
            4.2.1 Horstmann Faulted Circuit Indicator (FCI) Company Information
            4.2.2 Horstmann Faulted Circuit Indicator (FCI) Business Overview
            4.2.3 Horstmann Faulted Circuit Indicator (FCI) Production, Value and Gross Margin (2018-2023)
            4.2.4 Horstmann Product Portfolio
            4.2.5 Horstmann Recent Developments
        4.3 ABB (Thomas & Betts)
            4.3.1 ABB (Thomas & Betts) Faulted Circuit Indicator (FCI) Company Information
            4.3.2 ABB (Thomas & Betts) Faulted Circuit Indicator (FCI) Business Overview
            4.3.3 ABB (Thomas & Betts) Faulted Circuit Indicator (FCI) Production, Value and Gross Margin (2018-2023)
            4.3.4 ABB (Thomas & Betts) Product Portfolio
            4.3.5 ABB (Thomas & Betts) Recent Developments
        4.4 Eaton (Cooper Power Systems)
            4.4.1 Eaton (Cooper Power Systems) Faulted Circuit Indicator (FCI) Company Information
            4.4.2 Eaton (Cooper Power Systems) Faulted Circuit Indicator (FCI) Business Overview
            4.4.3 Eaton (Cooper Power Systems) Faulted Circuit Indicator (FCI) Production, Value and Gross Margin (2018-2023)
            4.4.4 Eaton (Cooper Power Systems) Product Portfolio
            4.4.5 Eaton (Cooper Power Systems) Recent Developments
        4.5 CREAT
            4.5.1 CREAT Faulted Circuit Indicator (FCI) Company Information
            4.5.2 CREAT Faulted Circuit Indicator (FCI) Business Overview
            4.5.3 CREAT Faulted Circuit Indicator (FCI) Production, Value and Gross Margin (2018-2023)
            4.5.4 CREAT Product Portfolio
            4.5.5 CREAT Recent Developments
        4.6 Siemens
            4.6.1 Siemens Faulted Circuit Indicator (FCI) Company Information
            4.6.2 Siemens Faulted Circuit Indicator (FCI) Business Overview
            4.6.3 Siemens Faulted Circuit Indicator (FCI) Production, Value and Gross Margin (2018-2023)
            4.6.4 Siemens Product Portfolio
            4.6.5 Siemens Recent Developments
        4.7 SEMEUREKA
            4.7.1 SEMEUREKA Faulted Circuit Indicator (FCI) Company Information
            4.7.2 SEMEUREKA Faulted Circuit Indicator (FCI) Business Overview
            4.7.3 SEMEUREKA Faulted Circuit Indicator (FCI) Production, Value and Gross Margin (2018-2023)
            4.7.4 SEMEUREKA Product Portfolio
            4.7.5 SEMEUREKA Recent Developments
        4.8 BEHAUR SCITECH
            4.8.1 BEHAUR SCITECH Faulted Circuit Indicator (FCI) Company Information
            4.8.2 BEHAUR SCITECH Faulted Circuit Indicator (FCI) Business Overview
            4.8.3 BEHAUR SCITECH Faulted Circuit Indicator (FCI) Production, Value and Gross Margin (2018-2023)
            4.8.4 BEHAUR SCITECH Product Portfolio
            4.8.5 BEHAUR SCITECH Recent Developments
        4.9 Elektro-Mechanik
            4.9.1 Elektro-Mechanik Faulted Circuit Indicator (FCI) Company Information
            4.9.2 Elektro-Mechanik Faulted Circuit Indicator (FCI) Business Overview
            4.9.3 Elektro-Mechanik Faulted Circuit Indicator (FCI) Production, Value and Gross Margin (2018-2023)
            4.9.4 Elektro-Mechanik Product Portfolio
            4.9.5 Elektro-Mechanik Recent Developments
        4.10 Schneider Electric
            4.10.1 Schneider Electric Faulted Circuit Indicator (FCI) Company Information
            4.10.2 Schneider Electric Faulted Circuit Indicator (FCI) Business Overview
            4.10.3 Schneider Electric Faulted Circuit Indicator (FCI) Production, Value and Gross Margin (2018-2023)
            4.10.4 Schneider Electric Product Portfolio
            4.10.5 Schneider Electric Recent Developments
        7.11 NORTROLL
            7.11.1 NORTROLL Faulted Circuit Indicator (FCI) Company Information
            7.11.2 NORTROLL Faulted Circuit Indicator (FCI) Business Overview
            4.11.3 NORTROLL Faulted Circuit Indicator (FCI) Production, Value and Gross Margin (2018-2023)
            7.11.4 NORTROLL Product Portfolio
            7.11.5 NORTROLL Recent Developments
        7.12 Bowden Bros Ltd
            7.12.1 Bowden Bros Ltd Faulted Circuit Indicator (FCI) Company Information
            7.12.2 Bowden Bros Ltd Faulted Circuit Indicator (FCI) Business Overview
            7.12.3 Bowden Bros Ltd Faulted Circuit Indicator (FCI) Production, Value and Gross Margin (2018-2023)
            7.12.4 Bowden Bros Ltd Product Portfolio
            7.12.5 Bowden Bros Ltd Recent Developments
        7.13 Beijing HCRT Electrical Equipment
            7.13.1 Beijing HCRT Electrical Equipment Faulted Circuit Indicator (FCI) Company Information
            7.13.2 Beijing HCRT Electrical Equipment Faulted Circuit Indicator (FCI) Business Overview
            7.13.3 Beijing HCRT Electrical Equipment Faulted Circuit Indicator (FCI) Production, Value and Gross Margin (2018-2023)
            7.13.4 Beijing HCRT Electrical Equipment Product Portfolio
            7.13.5 Beijing HCRT Electrical Equipment Recent Developments
        7.14 CELSA
            7.14.1 CELSA Faulted Circuit Indicator (FCI) Company Information
            7.14.2 CELSA Faulted Circuit Indicator (FCI) Business Overview
            7.14.3 CELSA Faulted Circuit Indicator (FCI) Production, Value and Gross Margin (2018-2023)
            7.14.4 CELSA Product Portfolio
            7.14.5 CELSA Recent Developments
        7.15 KE ELECTRIC
            7.15.1 KE ELECTRIC Faulted Circuit Indicator (FCI) Company Information
            7.15.2 KE ELECTRIC Faulted Circuit Indicator (FCI) Business Overview
            7.15.3 KE ELECTRIC Faulted Circuit Indicator (FCI) Production, Value and Gross Margin (2018-2023)
            7.15.4 KE ELECTRIC Product Portfolio
            7.15.5 KE ELECTRIC Recent Developments
        7.16 Holystar
            7.16.1 Holystar Faulted Circuit Indicator (FCI) Company Information
            7.16.2 Holystar Faulted Circuit Indicator (FCI) Business Overview
            7.16.3 Holystar Faulted Circuit Indicator (FCI) Production, Value and Gross Margin (2018-2023)
            7.16.4 Holystar Product Portfolio
            7.16.5 Holystar Recent Developments
        7.17 Electronsystem MD
            7.17.1 Electronsystem MD Faulted Circuit Indicator (FCI) Company Information
            7.17.2 Electronsystem MD Faulted Circuit Indicator (FCI) Business Overview
            7.17.3 Electronsystem MD Faulted Circuit Indicator (FCI) Production, Value and Gross Margin (2018-2023)
            7.17.4 Electronsystem MD Product Portfolio
            7.17.5 Electronsystem MD Recent Developments
    5 Global Faulted Circuit Indicator (FCI) Production by Region
        5.1 Global Faulted Circuit Indicator (FCI) Production Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
        5.2 Global Faulted Circuit Indicator (FCI) Production by Region: 2018-2029
            5.2.1 Global Faulted Circuit Indicator (FCI) Production by Region: 2018-2023
            5.2.2 Global Faulted Circuit Indicator (FCI) Production Forecast by Region (2024-2029)
        5.3 Global Faulted Circuit Indicator (FCI) Production Value Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
        5.4 Global Faulted Circuit Indicator (FCI) Production Value by Region: 2018-2029
            5.4.1 Global Faulted Circuit Indicator (FCI) Production Value by Region: 2018-2023
            5.4.2 Global Faulted Circuit Indicator (FCI) Production Value Forecast by Region (2024-2029)
        5.5 Global Faulted Circuit Indicator (FCI) Market Price Analysis by Region (2018-2023)
        5.6 Global Faulted Circuit Indicator (FCI) Production and Value, YOY Growth
            5.6.1 North America Faulted Circuit Indicator (FCI) Production Value Estimates and Forecasts (2018-2029)
            5.6.2 Europe Faulted Circuit Indicator (FCI) Production Value Estimates and Forecasts (2018-2029)
            5.6.3 China Faulted Circuit Indicator (FCI) Production Value Estimates and Forecasts (2018-2029)
            5.6.4 Japan Faulted Circuit Indicator (FCI) Production Value Estimates and Forecasts (2018-2029)
    6 Global Faulted Circuit Indicator (FCI) Consumption by Region
        6.1 Global Faulted Circuit Indicator (FCI) Consumption Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
        6.2 Global Faulted Circuit Indicator (FCI) Consumption by Region (2018-2029)
            6.2.1 Global Faulted Circuit Indicator (FCI) Consumption by Region: 2018-2029
            6.2.2 Global Faulted Circuit Indicator (FCI) Forecasted Consumption by Region (2024-2029)
        6.3 North America
            6.3.1 North America Faulted Circuit Indicator (FCI) Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
            6.3.2 North America Faulted Circuit Indicator (FCI) Consumption by Country (2018-2029)
            6.3.3 United States
            6.3.4 Canada
        6.4 Europe
            6.4.1 Europe Faulted Circuit Indicator (FCI) Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
            6.4.2 Europe Faulted Circuit Indicator (FCI) Consumption by Country (2018-2029)
            6.4.3 Germany
            6.4.4 France
            6.4.5 U.K.
            6.4.6 Italy
            6.4.7 Russia
        6.5 Asia Pacific
            6.5.1 Asia Pacific Faulted Circuit Indicator (FCI) Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
            6.5.2 Asia Pacific Faulted Circuit Indicator (FCI) Consumption by Country (2018-2029)
            6.5.3 China
            6.5.4 Japan
            6.5.5 South Korea
            6.5.6 China Taiwan
            6.5.7 Southeast Asia
            6.5.8 India
            6.5.9 Australia
        6.6 Latin America, Middle East & Africa
            6.6.1 Latin America, Middle East & Africa Faulted Circuit Indicator (FCI) Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
            6.6.2 Latin America, Middle East & Africa Faulted Circuit Indicator (FCI) Consumption by Country (2018-2029)
            6.6.3 Mexico
            6.6.4 Brazil
            6.6.5 Turkey
            6.6.5 GCC Countries
    7 Segment by Type
        7.1 Global Faulted Circuit Indicator (FCI) Production by Type (2018-2029)
            7.1.1 Global Faulted Circuit Indicator (FCI) Production by Type (2018-2029) & (K Units)
            7.1.2 Global Faulted Circuit Indicator (FCI) Production Market Share by Type (2018-2029)
        7.2 Global Faulted Circuit Indicator (FCI) Production Value by Type (2018-2029)
            7.2.1 Global Faulted Circuit Indicator (FCI) Production Value by Type (2018-2029) & (US$ Million)
            7.2.2 Global Faulted Circuit Indicator (FCI) Production Value Market Share by Type (2018-2029)
        7.3 Global Faulted Circuit Indicator (FCI) Price by Type (2018-2029)
    8 Segment by Application
        8.1 Global Faulted Circuit Indicator (FCI) Production by Application (2018-2029)
            8.1.1 Global Faulted Circuit Indicator (FCI) Production by Application (2018-2029) & (K Units)
            8.1.2 Global Faulted Circuit Indicator (FCI) Production by Application (2018-2029) & (K Units)
        8.2 Global Faulted Circuit Indicator (FCI) Production Value by Application (2018-2029)
            8.2.1 Global Faulted Circuit Indicator (FCI) Production Value by Application (2018-2029) & (US$ Million)
            8.2.2 Global Faulted Circuit Indicator (FCI) Production Value Market Share by Application (2018-2029)
        8.3 Global Faulted Circuit Indicator (FCI) Price by Application (2018-2029)
    9 Value Chain and Sales Channels Analysis of the Market
        9.1 Faulted Circuit Indicator (FCI) Value Chain Analysis
            9.1.1 Faulted Circuit Indicator (FCI) Key Raw Materials
            9.1.2 Raw Materials Key Suppliers
            9.1.3 Faulted Circuit Indicator (FCI) Production Mode & Process
        9.2 Faulted Circuit Indicator (FCI) Sales Channels Analysis
            9.2.1 Direct Comparison with Distribution Share
            9.2.2 Faulted Circuit Indicator (FCI) Distributors
            9.2.3 Faulted Circuit Indicator (FCI) Customers
    10 Global Faulted Circuit Indicator (FCI) Analyzing Market Dynamics
        10.1 Faulted Circuit Indicator (FCI) Industry Trends
        10.2 Faulted Circuit Indicator (FCI) Industry Drivers
        10.3 Faulted Circuit Indicator (FCI) Industry Opportunities and Challenges
        10.4 Faulted Circuit Indicator (FCI) Industry Restraints
    11 Report Conclusion
    12 Disclaimer
    
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