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The protective relay market is forecasted to grow by USD 690.09 mn during 2023-2028, accelerating at a CAGR of 5.07% during the forecast period. The report on the protective relay market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for power, a growing focus on grid modernization, and an increase in the number of residential and commercial building projects.
The protective relay market is segmented as below:
By Type
- Digital and numeric relay
- Electromechanical and static relay
By Application
- Feeder
- Transmission line
- Generator
- Motor
- Others
By Geography
- APAC
- North America
- Europe
- Middle East and Africa
- South America
The report on the protective relay market covers the following areas:
- Protective relay market sizing
- Protective relay market forecast
- Protective relay market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
List of Exhibits
Executive Summary
The publisher recognizes the following companies as the key players in the global protective relay market: ABB Ltd., ALSTOM SA, Chongqing Blue Jay Technology Co. Ltd., Contrel elettronica S.r.l., Eaton Corp. Plc, ERLPhase Power Technologies Ltd., ETA Elektrotechnische Apparate GmbH, Fanox Electronic SL, General Electric Co., HNAC Technology Co. Ltd., ISKRA elektro in sistemske resitve d.o.o, Larsen and Toubro Ltd., Littelfuse Inc., Mitsubishi Electric Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Solcon IGEL Group, TERASAKI ELECTRIC CO. LTD., and ZIV Automation.Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is growing technological advancements in protective relays.'
According to the report, one of the major drivers for this market is the increasing demand for power.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- ALSTOM SA
- Chongqing Blue Jay Technology Co. Ltd.
- Contrel elettronica S.r.l.
- Eaton Corp. Plc
- ERLPhase Power Technologies Ltd.
- ETA Elektrotechnische Apparate GmbH
- Fanox Electronic SL
- General Electric Co.
- HNAC Technology Co. Ltd.
- ISKRA elektro in sistemske resitve d.o.o
- Larsen and Toubro Ltd.
- Littelfuse Inc.
- Mitsubishi Electric Corp.
- Rockwell Automation Inc.
- Schneider Electric SE
- Siemens AG
- Solcon IGEL Group
- TERASAKI ELECTRIC CO. LTD.
- ZIV Automation