Distribution feeder protection systems are classified based on their voltage rating as medium voltage and low voltage. The global Distribution Feeder Protective System Market Size is expected to grow at 6.19 % CAGR during the period, 2019 to 2024. The medium voltage distribution feeder protection systems are widely used in any facility or plant that demands a large amount of power and utilizes medium voltage electricity. Low voltage distribution feeder protection systems are widely used in domestic & light industrial applications, power control centres and commercial consumer end transformers.
The
main function of distribution feeder protection system is to safeguard the
distribution system from directional overcurrent, non-directional overcurrent,
time overcurrent and breaker failure element. The distribution feeder
protection system reduces equipment damage & power interruptions and
improves power quality & system safety.
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Industry Highlights
Distribution
feeder protection systems find their wide range of applications in power
plants, industrial plants and conventional electric utility companies. The
growing demand for electricity and the unstable electricity supply situation in
most developing countries will aid in the growth of the distribution feeder
protection system market over the forecast period.
The
medium voltage distribution feeder protection systems are expected to hold a
larger market size as compared to low voltage distribution feeder protection
systems. This is due to the growing number of data centres, centralized
chilling facilities, power substations and high-rise infrastructure where the
medium voltage distribution feeder protection system has a wide application to
safeguard distribution system from overloading and power failure issues. Also,
the growing network extension activities of medium voltage transmission and
distribution is expected to drive the growth of the global medium voltage
distribution feeder protection system market.
Segmentation
Global
distribution feeder protective system market has been segmented based on
voltage rating and end user.
On
the basis of voltage rating, the market is segmented as low voltage and medium
voltage.
The
end user segment is further sub-segmented into transmission & distribution
utility, manufacturing & processing industries, and commercial &
residential.
The transmission & distribution utility
sub-segment of the global distribution feeder protective system market is
estimated to register the highest growth rate during the forecast period. These
distribution feeder protection systems are widely used in power plants,
industrial plants and conventional electric utility companies.
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Leading Players
The key players of global
distribution feeder protection system market are ABB
Group (Switzerland), Siemens
Ltd. (Germany), General Electric Company (USA), Crompton Greaves Ltd.
(India), Toshiba
Corporation (Japan), Basler
Electric Company. (USA),
Mitsubishi Electric Corporation (Japan), Schweitzer Engineering Laboratories,
Inc. (USA), Littelfuse, Inc. (USA), Schneider Electric SA (France), Fanox
Electronic, S.L. (Spain) and Eaton Co. Plc. (Ireland) among others.
Scope of the Report
This research report has
provides the insights, on various levels of analyses such industry analysis,
market share analysis leading market players and their profiles. This report
also helps in studying the target segments by providing views on emerging &
high-growth segments and market conclusion. Together the market data comprise
and discuss with the basic assessments on the competitive scenarios &
strategies, of the global power transformer market, including the high-growth
regions, countries and their political, economic and technological
environments. Furthermore, the project report also provides the views over the
historical market values as well as, pricing and cost analysis of the same.
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