The
Protective relay market is expected to register a CAGR of around 6% during the
forecast period. Ongoing Substation Automation projects are expected to induce
growth in the Protective Relay market. The growing need of Electric Power in
developed as well as developing nations will result in an imminent growth in
the Protective relay market.
The report
for Protective Relay of Market Research Future comprises of extensive primary
research along with the detailed analysis of qualitative as well as
quantitative aspects by various industry experts, key opinion leaders to gain
the deeper insight of the market and industry performance. The report gives the
clear picture of current market scenario which includes historical and
projected market size in terms of value, Furthermore, technological advancement,
and macro-economic factors in the market have also been discussed in detail in
the report. The report provides detailed information and strategies of the key
players in the industry. The report also provides a broad study of the
different market segments and regions.
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Industry Segmentation
The
Protective Relay Market can be categorized on the basis of Voltage as: High,
Medium and Low. On the basis of Protection Mechanism it can be categorized as:
Feeder, Transmission Line, Motor, Transformer, Generator, and Busbar. On the
basis of End User it can be segmented as: Marine, Renewable, Utilities. On the
basis of regions it can be segmented as North America, South America, Europe,
Asia-Pacific, Middle East and Africa.
Regional Analysis of Protective Relays
The growing
transmission & distribution network across the globe, is one of the main
reasons which is expected to contribute toward the growth of the Protective
Relay Market. Asia-Pacific is currently housing the maximum number of
transmission and distribution projects as a result of which it is one of the
leading markets in this segment. Europe and North America are other regions
which are expected to be highly lucrative for the players in the Protective
Relay Market.
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Key Players
Some of the
key players in the Protective Relay Market are General Electric (U.S.),
Littelfuse Inc.(U.S.), Eaton Corporation Plc (U.S.), Beckwith Electric Co.
Inc.(Ireland), ZIV Inc. (U.S.), Schweitzer Engineering Laboratories (U.S.),
Schneider Electric (France), Alstom Group (France), NR Electric (China), Cooper
Industries (Ireland), ERL Phase Power Technologies Ltd. (Canada) and Mitsubishi
Electric Corporation (Japan).
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