Market
Synopsis:
According to Market Research Future
(MRFR)’s analysis, the global protective
relay market has been projected to expand at a healthy CAGR of 6%
during the forecast. The report also revealed that the market is anticipated to
scale a decent valuation towards the end of 2027. The rising complexities in
the architecture of switchgear have intensified the need for protective relays
for the detection of faults and operational efficiency. Protective relays
facilitate the detection and rectification of defects such as high voltage, low
voltage, etc. Thus, the growing demand for protection against major accidents
is likely to dictate the growth trajectory of the protective relay market in
the forthcoming years.
An upsurge in energy consumption has been
witnessed in recent years. The global population explosion is expected to
further fuel demand for energy which is poised to aid the expansion of the
protective relay market. In addition, the shift towards the adoption of
renewable energy is also projected to augment the market over the next couple
of years.
Request Free Sample
Report @ https://www.marketresearchfuture.com/sample_request/918
The influx of investors is prognosticated
and is likely to have a positive influence on the growth of the protective
relay market in the foreseeable future. Product development and innovation as a
response to the increasing demand for reduced carbon intensity and higher
operational efficiency are presumed to drive the expansion of the market in the
forthcoming years.
Market
Segmentation:
By voltage, the global protective relay
market has been segmented into high, medium and low.
By protection mechanism, the protective
relay market has been segmented into feeder, transmission line, motor,
transformer, generator, and busbar.
By end-user, the global protective relay
market has been segmented into marine, renewable, and utilities.
Browse Complete Research Report
@ https://www.marketresearchfuture.com/reports/protective-relay-market-918
Regional
Analysis:
By region, the global protective relay
market has been segmented into North America, South America, Europe,
Asia-Pacific, Middle East, and Africa. Asia Pacific houses the world’s most
populous nations with accelerating economic growth rate. The growing number of
energy distribution projects being undertaken in these country-level markets
are expected to dictate the growth trajectory of the protective relay market in
the region. Furthermore, the region is shifting towards renewable sources of
energy. It is further expected to augment the regional market. North America
and Europe are two important growth pockets. These regional markets are
anticipated to remain highly lucrative through the forecast period.
Competitive
Dashboard:
Some of the major players of the
protective relay market profiled in this report are Littelfuse Inc. (U.S.),
Eaton Corporation Plc (U.S.), General Electric (U.S.), Beckwith Electric Co.
Inc. (Ireland), Schweitzer Engineering Laboratories (U.S.), ZIV Inc. (U.S.),
Schneider Electric (France), Cooper Industries (Ireland), Alstom Group
(France), ERL Phase Power Technologies Ltd. (Canada), NR Electric (China), and
Mitsubishi Electric Corporation (Japan).
Industry
News:
In August 2018, Carlo Gavazzi, an
international group focused in designing, manufacturing, and marketing of
electronic equipment, has announced the launch of DEA71 and DEB71, two of its
latest Earth Leakage Monitoring Relays. The equipment is designed to be used
with an appropriate circuit breaker and CTG Series Core Balance Current
Transformer.
In November 2018, a subsidiary of
FirstEnergy Corp, West Penn Power, has conducted inspections and equipment
across its service area as a measure to prepare for the winter season.
Substantial control buildings with protective relays had their heating systems
checked.
In November 2018, the leader in the
digital transformation of automation and energy management, Schneider Electric,
has announced the launch of upgradations for the architecture of its
EcoStruxureTM Power digital energy management system. The latest upgradations
include the introduction of Easergy P3 system and arc flash protection relay
for the protection of end-users and the equipment.
View
More Info @ https://on.mktw.net/2P0gYgW
About
Market Research Future:
At Market Research Future (MRFR), we
enable our customers to unravel the complexity of various industries through
our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw
Research Reports (3R), Continuous-Feed Research (CFR), and Market Research
& Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
No comments:
Post a Comment