Protective Relay Market by Voltage , by End-User , and by Protection Mechanism - Global Trends and Forecasts to 2021


- 16 Apr 2018 04:17 PM IST
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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 are an integral part of the power system, and are therefore being continuously improved to increase protection levels.

FEEDER PROTECTION RELAYS TO LEAD THE MARKET DURING THE FORECAST PERIOD
Feeder protection relays occupied the largest share of the protective relay market in 2015. Feeders are the current loading points of the transmission of distribution lines. They are present in the transmission network, distribution network, switchyards, and substations. The protection of feeders is essential to ensure uninterrupted power supply and to protect the lines along with the feeders.

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ASIA-PACIFIC: THE FASTEST-GROWING MARKET FOR PROTECTIVE RELAYS
Asia-Pacific is the largest market for protective relays. China and India are the major driving force behind the growth of the Asia-Pacific market. Countries such as Australia and Japan are also witnessing considerable growth. China held the largest share of the global protective relay market in 2015. The BRICS economies are expected to be major markets for protective relay manufacturers.

Breakdown of Primaries:
In-depth interviews have been conducted with various primary respondents, including key industry participants, subject matter experts, C-level executives of major market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects.

  • By Company Type: Tier 1- 35%, Tier 2- 45%, and Tier 3- 20%
  • By Designation: C-Level- 35%, D-Level- 25%, and Others*- 40%
  • By Region: North America- 45%, Europe- 30%, Asia-Pacific- 20%, and RoW- 5%

The tier of the companies is defined on the basis of their total revenue; as of 2013: Tier 1 = >USD 10 billion, Tier 2 = USD 1 billion to USD 10 billion and Tier 3 =

This report includes profiles of major players in the protective relay market, such as Eaton Corporation (Ireland), SEL Inc. (U.S.) (General Electric (U.S.), ABB Ltd. (Switzerland), and Schneider Electric (France).

Why buy this report?

  • 1. The report identifies and addresses key markets for protective relays, which will help suppliers and OEMs to review production and distribution plans.
  • 2. The report includes an analysis of key countries, by protective relay voltage range”that is, high, medium, and low. It analyzes historical trends and also provides a forecast for 2021, which would assist in strategic decision-making.
  • 3. It also presents a competitive scenario by analyzing recent market developments such as contracts, expansions, and new product launches by global market players. It helps understand the competitive strategies used by these players.

This report includes profiles of major players in the protective relay market, such as Eaton Corporation (Ireland), SEL Inc. (U.S.) (General Electric (U.S.), ABB Ltd. (Switzerland), and Schneider Electric (France).

Why buy this report?

1. The report identifies and addresses key markets for protective relays, which will help suppliers and OEMs to review production and distribution plans.
2. The report includes an analysis of key countries, by protective relay voltage range”that is, high, medium, and low. It analyzes historical trends and also provides a forecast for 2021, which would assist in strategic decision-making.
3. It also presents a competitive scenario by analyzing recent market developments such as contracts, expansions, and new product launches by global market players. It helps understand the competitive strategies used by these players.

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Table of content

1 INTRODUCTION 13
1.1 OBJECTIVES OF THE STUDY 13
1.2 MARKET DEFINITION 13
1.3 MARKET SCOPE 13
1.3.1 MARKETS COVERED 13
1.3.2 YEARS CONSIDERED FOR THE STUDY 14
1.4 CURRENCY 15
1.5 LIMITATIONS 15
1.6 STAKEHOLDERS 15
2 RESEARCH METHODOLOGY 16
2.1 RESEARCH DATA 16
2.1.1 SECONDARY DATA 17
2.1.1.1 Key data from secondary sources 17
2.1.2 PRIMARY DATA 17
2.1.2.1 Key data from primary sources 18
2.1.2.2 Key industry insights 19
2.1.2.3 Breakdown of primaries 19
2.2 MARKET SIZE ESTIMATION 20
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 21
2.4 RESEARCH ASSUMPTIONS AND LIMITATIONS 22
2.4.1 ASSUMPTIONS 22
2.4.2 LIMITATIONS 22
3 EXECUTIVE SUMMARY 23
3.1 HISTORY/EVOLUTION 23
3.2 CURRENT SCENARIO 23
3.3 FUTURE TRENDS 25
3.4 CONCLUSION 26
4 PREMIUM INSIGHTS 27
4.1 ATTRACTIVE OPPORTUNITIES FOR MICROPROCESSOR-BASED PROTECTIVE RELAYS 27
4.2 PROTECTIVE RELAY MARKET, BY APPLICATION 27
4.3 ASIA-PACIFIC: THE LARGEST MARKET FOR PROTECTIVE RELAYS IN 2015 28
4.4 ASIA-PACIFIC PROTECTIVE RELAY MARKET, BY APPLICATION 29
4.5 PROTECTIVE RELAY MARKET, BY VOLTAGE RANGE 29
5 MARKET OVERVIEW 31
5.1 INTRODUCTION 32
5.2 MARKET SEGMENTATION 32
5.2.1 BY VOLTAGE 33
5.2.2 BY APPLICATION 33
5.2.3 BY END-USER 33
5.2.4 BY REGION 33
5.3 MARKET DYNAMICS 33

Key questions answered in this report:

  1. What will the protective relay the growth rate be in 2025?
  2. What are the key factors driving the Global protective relay industry with a focus on the Chinese market?
  3. What are the key market trends impacting the growth of the Global protective relay industry market?
  4. What are the challenges to Global protective relay growth?
  5. What are the market opportunities and threats faced by the vendors in the Global protective relay industry?
  6. What are the key outcomes of the five forces analysis of protective relay?

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What our report offers: Strategic suggestions and proposals for the beginners to understand Assessments of the market share from different countries and regions were conducted Top key market players, market share analysis included. The market observations such as constraints, drivers, threats, opportunities, investment opportunities, challenges, and recommendations are added. The competitive landscaping mappings of the ongoing trends are discussed. Based on the market estimations, the strategic recommendations are made in the business segments The competitive landscaping mappings of the current trends are detailed. Various companies detailed profiles are included. The latest technology advancements are mapped with the trends of the supply chain. The analysis of competitiveness between different markets players are added to provide

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