DUBLIN--(BUSINESS WIRE)--The "Protective Relay - Global Market Outlook (2018-2027)" report has been added to ResearchAndMarkets.com's offering.
The Global Protective Relay market accounted for $1.73 billion in 2018 and is expected to reach $3.32 billion by 2027 growing at a CAGR of 7.5% during the forecast period. Some of the key factors propelling the market growth include adoption of IEC 61850 standard for substation automation, growing renewable industry, rising industrialization, growth in electricity consumption, and increasing demand from data centers & communication base station. However, the lack of investment in grid stability in developing countries is restraining the market growth.
By technology, the digital & numerical segment is expected to grow at a significant rate during the forecast period, due to an increased focus on substation automation, smart grid implementation, and distribution and transmission infrastructure development. Digital & numeric protective relays are advanced relays that feature multiple protection functions in one unit, along with metering, communication, self-test functions, and others. These relays use software-based protection algorithms for the detection of faults and are also known as micro-processor type protective relays. These types of advanced features of digital relay make them more attractive in the market than the other electromechanical relay.
On the basis of geography, the Asia Pacific region is expected to have considerable market growth during the forecast period, due to the increasing renewable energy capacity addition in countries such as China, India, South Korea, and Australia. Additionally, the market is driven by the expansion of distribution and transmission infrastructure, the modernization of existing infrastructure through substation automation, and the replacement of electromechanical relays with numeric ones in Asia Pacific.
Some of the key players in protective relay market include General Electric, Schweitzer Engineering Laboratories, Eaton, Toshiba, CG Power and Industrial Solutions, Ziv Aplicaciones Y Tecnologia, Basler Electric, Fanox Electronic, Orion Italia, Schneider Electric, ABB, Siemens, Woodward, Ashida Electronics, Littelfuse, Larsen & Toubro, Nr Electric, Mitsubishi Electric, Rockwell, and Solcon.
Key report benefits:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter's five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Key Topics Covered:
1 Executive Summary
2 Preface
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
5 Global Protective Relay Market, By Technology
5.1 Introduction
5.2 Digital & Numerical Relay
5.3 Electromechanical Relays
5.4 Static Relays
5.5 Solid-state Relays
5.6 Microprocessor Relays
5.7 Electromagnetic Relays
6 Global Protective Relay Market, By Voltage
6.1 Introduction
6.2 Medium Voltage
6.3 High Voltage
6.4 Low Voltage
7 Global Protective Relay Market, By Application
7.1 Introduction
7.2 Feeder
7.3 Generator
7.4 Transmission line
7.5 Bus-bar Protection
7.6 Transformer
7.7 Motor
7.8 Other Applications
7.8.1 Interconnection Protection
7.8.2 Breaker Protection
7.8.3 Capacitor Banks & Filterbanks Protection
8 Global Protective Relay Market, By End User
8.1 Introduction
8.2 Industrial
8.3 Railways
8.4 Energy & Utility
8.5 Infrastructure
8.6 Government
8.7 Renewables
8.8 Marine
8.9 Other End Users
9 Global Protective Relay Market, By Function
9.1 Introduction
9.2 Differential Relays
9.3 Reverse Power
9.4 Overcurrent Relay
9.5 Over/Under Voltage Relays
9.6 Distance Relays
10 Global Protective Relay Market, By Geography
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 General Electric
12.2 Schweitzer Engineering Laboratories
12.3 Eaton
12.4 Toshiba
12.5 CG Power and Industrial Solutions
12.6 Ziv Aplicaciones Y Tecnologia
12.7 Basler Electric
12.8 Fanox Electronic
12.9 Orion Italia
12.10 Schneider Electric
12.11 ABB
12.12 Siemens
12.13 Woodward
12.14 Ashida Electronics
12.15 Littelfuse
12.16 Larsen & Toubro
12.17 Nr Electric
12.18 Mitsubishi Electric
12.19 Rockwell
12.20 Solcon
For more information about this report visit https://www.researchandmarkets.com/r/5v5lx3
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