"Actionable Insights to Fuel Your Growth"

Protective Relay Market Size, Share & Industry Analysis, By Voltage (Low Voltage, Medium Voltage, High Voltage), By Application (Transmission Line Protection, Transformer Protection, Motor Protection, Feeder Protection, Generator Protection, Others), By End-User (Utilities, Industrial, Renewables, Marine) and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI101461 | Status : Ongoing

 

KEY MARKET INSIGHTS

With the electricity supply field becoming more complicated with the technological advancements taking place in the field the need to secure safety in operation is the utmost priority of the organizations. Protective Relays are the devices which perform the function of tripping the circuit breaker whenever any fault is identified in the electrical system.


These help in identifying the malfunctioning part in the electrical system and also ensure safety. Certain conditions such as over-current, over-voltage, reverse power flow, and under frequency are determined by the protective relays. As these are deployed in any electrical system to ensure safety, the rising demand for electricity which has seen increase in number of transmission grids will undoubtedly act as the driving factor for the growth of the global protective relay market.

To gain extensive insights into the market, Request for Customization


The growing infrastructure industry also stands as the opportunity for the global protective relay market, for example, the summer Olympics which are going to take place in Japan in 2020 will see new infrastructure being set up to carry out the global event smoothly. The increased adoption of solar energy, wind energy also supports the growth of the market, and the rural electrification being carried out in various countries with green energy targets will also help the global protective relay market to grow. These all factor cumulatively will see global protective relay market grow at a healthy rate.

On the basis of voltage, the global protective relay market can be segmented into low voltage protective relay, medium voltage protective relay, and high voltage protective relay. The rising electricity demand in the residential sector will see the medium voltage hold the pole position in the global protective relay market. On the basis of its application global protective relay market can be segmented into transmission line protection, transformer protection, motor protection, feeder protection, generator protection, and others.

With increasing reach of electricity supply line, the transmission line protection will hold a significant market share in the global protective relay market. Based on end-user the global protective relay market can be segmented into utilities, industrial, renewables, and marine. The utility sector will dominate the market owing to the increasing number of new grids being set up in a number of countries.

The key market driver for the global protective relay market is the increase in demand for electricity from various countries around the world. The increased demand has seen new transmission grids being set up, and rural electrification programs being carried out will also augment the growth of the global protective relay market.

Key market restraint for the global protective relay market is the high capital cost involved in the installation of the protective relay systems. The regular maintenance required by these relays can also hinder the growth of the global protective relay market.

Key Players Covered


Key players operating in the global protective relay market are Eaton Corporation, Siemens AG, General Electric, ABB Ltd., Toshiba Corporation, Littlefuse Inc., Hitachi Ltd., Mitsubishi Electric Corporation, Schneider Electric Rockwell Automation, Inc.,OMRON Corporation, Omega Engineering, Celduc Realis, and Control & Switchgear Electric Limited.

Segmentation


























 ATTRIBUTE

 DETAILS

By Voltage



  • Low Voltage

  • Medium Voltage

  • High Voltage



By Application



  • Transmission Line Protection

  • Transformer Protection

  • Motor Protection

  • Feeder Protection

  • Generator Protection

  • Others



By End-User



  • Utilities

  • Industrial

  • Renewables

  • Marine



By Geography



  • North America (The USA and Canada)

  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)

  • Asia Pacific (China, India, Australia, Southeast Asia and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico and Rest of Latin America)

  • Middle East & Africa (South Africa, GCC and The Rest of the Middle East & Africa)



Regional Analysis


The global protective relay market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The rising electricity demand in the Asia Pacific region with the increasing population has been the driving factor for the growth of the protective relay market in the region. The growing infrastructure taking place with the rising urbanization has also augmented the growth of the market in the region. China, India, Japan, South Korea have been the dominating players in the region. In North America and Europe, the increasing transmission grids and upgradation of the existing electric infrastructure have been the driving factors for the market. The adoption of solar energy in Europe and Latin America has been on the rise in recent years which will ultimately act as the growth factor for the protective relay market in the regions.  

Key Industry Developments



  • In June 2019, The International Electrotechnical Comission (IEC) is working on the have new standards that cover the functional requirements of the measuring relays and related equipment’s involved in the protection of the distribution and transmission systems.

  • In April 2019, Schneider Electric announced the launch of connected Easergy P5, part of the Power Logic Master Range of intelligent devices. The Easergy P5 has been designed to provide safety of the critical assets. They can protect applications with arc-flash protection, cybersecurity, reliability ,and connectivity in a device.   

  • In March 2019, Mitsubishi electric carried out the testing of the prototype of its HVDC line protection relay hardware. The prototype was installed at an Energyville which is a collaboration between KU Leuven, VITO, imec and UHasselt. The project is being funded under the European commission horizon 2020 framework.





  • Ongoing
  • 2023
  • 2019-2022
  • Pre Book
Multi-report Purchase Plan
    A Customized Plan Will be Created Based on the number of reports you wish to purchase
Energy & Power Clients
The Japan Research
Nikon
Fujifilm
Caterpillar
Itic
Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X