Feeder
Protection System Market Synopsis
The global distribution feeder protection system
market is anticipated to garner a CAGR of 6.19 % during the forecast period (2019-2024),
Market Research Future (MRFR) reveals in a detailed report. Distribution feeder
protection system can be defined as a device which can be used in an electric
distribution system to safeguard the expensive systems and components from
threats like blackout and lightening. It also safeguards from potential threats
like transmission line tower flash-over, strong wind blowing tree branches into
electric lines, generator failure, and transformer failure. The system comprises
sensors, fuses, and interconnections.
Global
Distribution Feeder Protection System Market: Segmental Analysis
The Feeder
Protection System Market is segmented on the basis of voltage rating
and end user.
By voltage rating, the distribution feeder protection
system market is segmented into low voltage and medium voltage. Among these,
the medium voltage rating acquired the largest share and led the market in 2018
due to its rising application in the industrial sector.
By end user, the distribution feeder protection system
market is segmented into manufacturing & processing industries,
transmission & distribution utility, and commercial & residential.
Among these, the transmission & distribution utility segment is likely to
showcase the highest growth rate. T&D utility is highly used in industrial
plants, power plants, and conventional electric utility companies. The unstable
electricity supply, coupled with the constant requirement for electricity among
the developing economies, will assist in the growth of the distribution feeder
protection system in the T&D utility segment.
Competitive
Dashboard
The top players operating in the global distribution
feeder protection system market include Siemens Ltd. (Germany), ABB
Group (Switzerland), Crompton Greaves Ltd. (India), General Electric Company
(USA), Basler Electric Company. (USA), Toshiba Corporation (Japan), Schweitzer
Engineering Laboratories, Inc. (USA), Mitsubishi Electric Corporation (Japan),
Schneider Electric SA (France), Littelfuse, Inc. (the USA), Eaton Co. Plc.
(Ireland), and Fanox Electronic, S.L. (Spain).
Regional
Frontiers
Geographically, the feeder protection system market
spans across Europe, Asia Pacific, North America, South America, and the Middle
East & Africa.
Considering the global scenario, the Asia Pacific
region acquires the lion’s share due to the increased investments in transmission
and distribution sector, especially in China, India, and other Southeast Asian
countries. While China will account for the largest share, India will be the
fastest country to expand. For instance, as per the Asian Development Bank, the
region requires USD 1.7 trillion every year as investment in infrastructure, which
includes T&D infrastructure. These factors are considered to foster the
growth of the APAC region in the foreseeable future.
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