Protective Relay Market by Voltage (High, Medium, and Low), by End-User (Utilities, Industries, Renewables, and Marine), and by Protection Mechanism (Feeder, Transmission Line, Motor, Transformer, Generator, Breaker, Capacitor Bank, and Busbar) - Global Trends and Forecasts to 2021
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“Protective Relay Market To Grow at a CAGR Of 6.5% From 2016 to 2021”
The protective relay market is projected to reach USD 4.54 billion by 2021, growing at a CAGR of 6.5% during the forecast period. The increasing investments in transmission & distribution infrastructure—including substations—and transmission & distribution lines, coupled with the increasing urbanization in developing nations, have propelled the growth of the protective relay market. Substations in developed nations are being modernized to ensure uninterrupted power supply with minimum loss. This is achieved by replacing the traditional electromagnetic and static relays with advanced numeric and digital relays. These relays also retain the data, which allows utilities or other users to track power outages caused by faults.
Furthermore, investments in smart grid technologies are increasing, especially in developed countries. Protective relays arean integral part of the power system, and are therefore being continuously improved to increase protection levels.
Protective Relay Market by type 2017-2021 by new Service spreads across 179 pages profiling 10 companies and supported with 50 tables and 57 figures available at http://www.rnrmarketresearch.com/contacts/discount?rname=231277
Global Protective Relay Market by Protection Mechanism
Capacitor Bank Protection
Global Protective Relay Market By End-User
12 Company Protective Relay ofiles
12.1 ABB Ltd
12.2 GE Co.
12.3 Schneider Electric SA
12.4 Sel, Inc.
12.5 Littelfuse, Inc.
12.6 Mitsubishi Electric Corp.
12.7 NR Electric Co. Ltd
12.8 Siemens AG
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