The Protective Relays and Circuit Breakers Market was valued at USD 17.2 billion in 2024, and is projected to reach USD 26.8 billion by 2029, rising at a CAGR of 9.20%. Driven by expanding electrical infrastructure and stringent safety regulations, the market is growing due to increased demand for advanced protection technologies. Innovations in digital and smart relays and circuit breakers enhance system performance and monitoring capabilities.
Protective relays and circuit breakers are used across various voltage levels and applications to ensure the safety and efficiency of electrical systems.
Protective relays and circuit breakers are used across various voltage levels and applications to ensure the safety and efficiency of electrical systems.
- Low-voltage (LV) applications are common in residential and commercial settings. In these environments, miniature circuit breakers (MCBs) protect against overloads, short circuits and electrical faults, while low-voltage relays manage and control electrical loads.
- Medium-voltage (MV) applications are crucial for industrial facilities and utility substations. MV circuit breakers and protective relays in these systems safeguard transformers, feeders and motors from faults and ensure reliable power distribution.
- High-voltage (HV) applications are found in power generation plants and transmission networks. HV circuit breakers and protective relays in these settings protect large-scale electrical equipment, manage power flow and prevent damage from electrical disturbances.
Report Scope
This report provides an overview of the global protective relays and circuit breakers market and analyzes market trends. It provides the global revenue (in $ millions) for segments and regions, considering 2023 as the base year, with estimated market data for 2024 through 2029. The market is arranged based on category, types of protective relays, circuit breakers, voltages, industries, applications, and regions. Geographical segments covered are North America (the U.S., Canada, Mexico), Europe (U.K., Germany, France, Italy, Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Rest of Asia-Pacific), and the Rest of the World (South America, Middle East and Africa). The report also focuses on emerging technologies and vendor landscape. It concludes with profiles of the major players in the market.The report includes:
- 80 data tables and 58 additional tables
- An overview of the global market for protective relays and circuit breakers within the industry
- Analysis of the global market trends, with data from 2023, estimates for 2024, forecasts for 2025 and 2026, and projections of compound annual growth rates (CAGRs) through 2029
- Estimates of the size and revenue prospects of the global market, along with a market share analysis by category, protective relay type, circuit breaker type, voltage type, application, industry, and region
- Assessment of market restraints, current trends, demographic shifts, technological advances, and regulatory aspects that shape and influence the market
- A look at the devices controlling Industry 4.0, including the industrial network infrastructure, end users, and application of these systems across industry verticals
- A discussion on ESG challenges and ESG practices in the industry
- Assessment of the vendor landscape, including the market shares, product portfolios and financial overviews of leading companies
- Information on recent mergers and acquisitions, plant expansions, collaborations, investments, product launches, and other strategic developments in the market
- Profiles of the leading market vendors, including ABB, Mitsubishi Electric Corp., Eaton, Schneider Electric and Siemens
Table of Contents
Chapter 1 Executive Summary
Chapter 2 Market Overview
Chapter 3 Market Dynamics
Chapter 4 Emerging Trends and Technologies
Chapter 5 Market Segmentation Analysis
Chapter 6 Competitive Intelligence
Chapter 7 Sustainability in the Protective Relays and Circuit Breakers Industry: An ESG Perspective
Chapter 8 Appendix
List of Tables
List of Figures
Companies Mentioned
- ABB
- Analog Devices Inc.
- Cg Power & Industrial Solutions Ltd.
- Eaton
- Fanox
- Fuji Electric Co. Ltd.
- Littelfuse Inc.
- Mitsubishi Electric Corp.
- Noja Power Switchgear Pty Ltd.
- Powell Industries
- Rockwell Automation
- Salzer Electronics Ltd.
- Schneider Electric
- Schweitzer Engineering Laboratories Inc.
- Siemens
- Te Connectivity
- Toshiba Corp.
- Ziv
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 192 |
Published | November 2024 |
Forecast Period | 2024 - 2029 |
Estimated Market Value ( USD | $ 17.2 Billion |
Forecasted Market Value ( USD | $ 26.8 Billion |
Compound Annual Growth Rate | 9.2% |
Regions Covered | Global |
No. of Companies Mentioned | 18 |