212 Users Online
Protective Relay Market Segmented By Voltage Supply such as High Voltage, Medium Voltage and Low Voltage with Protective Mechanism such as Busbar, Feeder, Capacitor Bank, Transmission Line, Generator, Motor, Breaker and Transformer
A protective relay is a relay device, which is designed to trip a circuit breaker, whenever any fault is identified. A protective relay is an automatic gadget that can sense any abnormal condition such as faults of the electric circuit. Protective relay assists in disconnecting the identified faulty portion from rest of the circuit.
The emergence of the protective relay has increased significantly in past few years, owing to protect the operation of the electrical circuit. The relays device is registered to under-frequency, over-current, and over-voltage to reverse power flow, thus assist in eliminating the chances of major accidents. Apart from this, the device is also used to detect the epicenter of disturbance and alert the switching devices to discard the fault in the electric circuit.
FREE Report Sample is Available
In-depth report coverage is now just a few seconds away
Get FREE Report Sample
Escalating industrial development coupled with the increase in power production capacity worldwide is the major reason for the growth of protective relay market. Also, growing population paired with mounting per capita electricity consumption is anticipated to fuel the demand for protective relay market in the fourth coming years.
Raising population in UAE, China, Saudi Arabia, Japan, and India has aroused the demand for residential infrastructure and electricity consumption, therefore accelerating the demand for electricity in the nations mentioned above is the crucial attribute backing the demand for the protective relay market.
Also, the excessive demand for protective relays to shelter power transmission lines is anticipated to drive the market growth during the forecast period.
Make This Report Your Own
Take Advantage of Intelligence Tailored to your Business Objective
Get a Customized Version| Voltage Supply |
|
| Protective Mechanism |
|
| End-user |
|
Asia Pacific region is expected to be the largest and the fastest-growing market for protective relays. The increase in investment in renewable sector coupled with the modernization of grid infrastructure is the major factor driving the growth of Protective relay market in Asia-Pacific region.
Owing to increase in economic progress are spurring infrastructural development in Asia Pacific countries such as India & China, which is the other reason for the growth the protective relay market in the respective region. Further, various events such as Japan Summer Olympics 2020 may ensue in infrastructural development, which is anticipated to propel the growth of protective relay market.
Sales Team
Client Partner
Some of the prominent players in the Protective Relay Market include ABB Ltd, Siemens AG, Alstom SA, and General Electric. Other vendors in the associated with protective relay market include S&C Electric, Littelfuse, Rockwell Automation, Schneider Electric SA, Eaton Corporation Plc, Mitsubishi Electric Corporation, Honeywell International, Itron, SEL Inc., and NR Electric.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
