Global Protection Relay Market By Voltage Ranges (High Voltage, Medium Voltage, Low Voltage), Protection Mechanism (Feeder Protection, Motor Protection, Transmission Line, Generator Protection, Busbar Protection, Capacitor Bank, Breaker), End- Users (Utilities, Industrial, Commercial & Institutional, Renewable, Marine, Oil & Gas, Food & Beverages, Automotive, Others), Application (Line Protection, Generator Protection, Transformer Protection, Others), Type (Electromagnetics Relays, Solid- State Relays, Microprocessor Relays, Other), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa), Industry Trends and Forecast to 2027
Market Analysis and Insights: Global Protection Relay Market
Protection relay market is expected to reach USD 6.97 billion by 2027 witnessing market growth at a rate of 7.29% in the forecast period of 2020 to 2027. Data Bridge Market Research report on protection relay market provides analysis and insights regarding the various factors which are prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Protective relay is a device which is specially designed so that it can trip the circuit breaker whenever a fault is detected. They have the ability to analyse any fault or issue in the electric circuit. They are widely used in industries such as oil & gas, automotive, marine, utilities, and other.
Rising awareness associated with the safety in the power industry is expected to enhance the market growth. Some of the other factors such as rising research & development to enhance the safety, rising demand for electricity, increasing usage of protection relay in power transmission & distribution network systems, and they have the ability to protect electric circuits from disruptions & faults which is also anticipated to drive the protection relay market in the forecast period of 2020 to 2027.
High installation & maintenance cost and low or medium voltage usage application is expected to hamper the market growth.
This protection relay market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research protection relay market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Protection Relay Market Scope and Market Size
Protection relay market is segmented on the basis of voltage ranges, protection mechanism, end- users, application and types. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of voltage range, the protection relay market is segmented into high voltage, medium voltage, low voltage), protection mechanism (feeder protection, motor protection, transmission line, generator protection, busbar protection, capacitor bank, and breaker.
- Based on protection mechanism, the protection relay market is segmented into feeder protection, motor protection, transmission line, generator protection, busbar protection, capacitor bank, and breaker.
- End- user segment of the protection relay market is segmented into utilities, industrial, commercial & institutional, renewable, marine, oil & gas, food & beverages, automotive and others.
- Application segment of the protection relay market is divided into line protection, generator protection, transformer protection and others.
- Type segment of the market is divided into electromagnetics relays, solid- state relays, microprocessor relays and other.
Protection Relay Market Country Level Analysis
Protection relay market is analysed and market size, volume information is provided by voltage ranges, protection mechanism, end- users, application and types as referenced above.
The countries covered in the protection relay market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia- Pacific will dominate the protection relay market while Asia-Pacific will be expected to witness the highest growth rate. Increasing demand for smart grids and rapid industrialization & urbanization in the region is expected to enhance the market growth.
The country section of the protection relay market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Protection Relay Market Share Analysis
Protection relay market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to protection relay market.
The major players covered in the protection relay market report are Toshiba Energy Systems & Solutions Corporation, Woodward, Inc., LARSEN & TOUBRO LIMITED, Eaton, Siemens, Schneider Electric, ABB, General Electric Company, Rockwell Automation, Inc., Basler Electric, SOLCON., TERASAKI ELECTRIC CO.,LTD, Littelfuse, ZIV, ERLPhase Power Technologies Ltd, Schweitzer Engineering Laboratories, Inc., Mitsubishi Electric Corporation, NR Electric Co., Ltd., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Protection Relay Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.