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Protective Relay Market

Protective Relay - Global Market Outlook (2018-2027)

4.1 (23 reviews)
Published: May 2020 ID: SMRC19196
4.1 (23 reviews)
Published: May 2020 ID: SMRC19196

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Protective Relay market is accounted for $1.73 billion in 2018 and is expected to reach $3.32 billion by 2027 growing at a CAGR of 7.5% during the forecast period. Some of the key factors propelling the market growth include adoption of IEC 61850 standard for substation automation, growing renewable industry, rising industrialization, growth in electricity consumption, and increasing demand from data centers & communication base station. However, lack of investment in grid stability in developing countries is restraining the market growth.

Protective relay is a sensing device to trip a circuit breaker when a fault is detected. It helps to protect motors and circuit breakers and provide system information to help manage the power system. Features of protective relay include reliability, speed, sensitivity, and others. The working principle of protective relay depends on the electromagnetic attraction and the relay works on both the AC and DC power supply. Installing protective relay would help to eliminate the risk of damage in large industrial facilities.

By technology, the digital & numerical segment is expected to grow at the significant rate during the forecast period, due to an increased focus on substation automation, smart grid implementation, and distribution and transmission infrastructure development. Digital & numeric protective relays are advanced relays that feature multiple protection functions in one unit, along with metering, communication, self-test functions, and others. These relays use software-based protection algorithms for the detection of faults and are also known as micro-processor type protective relays. These types of advanced features of digital relay make them more attractive in the market than the other electromechanical relay.

On the basis of geography, the Asia Pacific region is expected to have considerable market growth during the forecast period, due to the increasing renewable energy capacity addition in countries such as China, India, South Korea, and Australia. Additionally, the market is driven by the expansion of distribution and transmission infrastructure, the modernization of existing infrastructure through substation automation, and the replacement of electromechanical relays with numeric ones in Asia Pacific.

Some of the key players in protective relay market include General Electric, Schweitzer Engineering Laboratories, Eaton, Toshiba, CG Power and Industrial Solutions, Ziv Aplicaciones Y Tecnologia, Basler Electric, Fanox Electronic, Orion Italia, Schneider Electric, ABB, Siemens, Woodward, Ashida Electronics, Littelfuse, Larsen & Toubro, Nr Electric, Mitsubishi Electric, Rockwell, and Solcon.

Technologies Covered:
• Digital & Numerical Relay
• Electromechanical Relays
• Static Relays
• Solid-state Relays
• Microprocessor Relays
• Electromagnetic Relays

Voltage Covered:
• Medium Voltage
• High Voltage
• Low Voltage

Applications Covered:
• Feeder
• Generator
• Transmission line
• Bus-bar Protection
• Transformer
• Motor
• Other Applications

End Users Covered:
• Industrial
• Railways
• Energy & Utility
• Infrastructure
• Government
• Renewables
• Marine
• Other End Users

Functions Covered:
• Differential Relays
• Reverse Power
• Overcurrent Relay
• Over/Under Voltage Relays
• Distance Relays

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand      
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary     
       
2 Preface     

 2.1 Abstract    
 2.2 Stake Holders    
 2.3 Research Scope    
 2.4 Research Methodology    
  2.4.1 Data Mining   
  2.4.2 Data Analysis   
  2.4.3 Data Validation   
  2.4.4 Research Approach   
 2.5 Research Sources    
  2.5.1 Primary Research Sources   
  2.5.2 Secondary Research Sources   
  2.5.3 Assumptions   
      
3 Market Trend Analysis     
 3.1 Introduction    
 3.2 Drivers    
 3.3 Restraints    
 3.4 Opportunities    
 3.5 Threats    
 3.6 Technology Analysis    
 3.7 Application Analysis    
 3.8 End User Analysis    
 3.9 Emerging Markets    
 3.10 Impact of Covid-19    
      
4 Porters Five Force Analysis     
 4.1 Bargaining power of suppliers    
 4.2 Bargaining power of buyers    
 4.3 Threat of substitutes    
 4.4 Threat of new entrants    
 4.5 Competitive rivalry    
      
5 Global Protective Relay Market, By Technology     
 5.1 Introduction    
 5.2 Digital & Numerical Relay    
 5.3 Electromechanical Relays    
 5.4 Static Relays    
 5.5 Solid-state Relays    
 5.6 Microprocessor Relays    
 5.7 Electromagnetic Relays    
      
6 Global Protective Relay Market, By Voltage     
 6.1 Introduction    
 6.2 Medium Voltage    
 6.3 High Voltage    
 6.4 Low Voltage     
      
7 Global Protective Relay Market, By Application     
 7.1 Introduction    
 7.2 Feeder    
 7.3 Generator    
 7.4 Transmission line    
 7.5 Bus-bar Protection    
 7.6 Transformer    
 7.7 Motor    
 7.8 Other Applications    
  7.8.1 Interconnection Protection   
  7.8.2 Breaker Protection   
  7.8.3 Capacitor Banks & Filterbanks Protection   
      
8 Global Protective Relay Market, By End User     

 8.1 Introduction    
 8.2 Industrial    
  8.2.1 Oil & Gas   
  8.2.2 Automotive   
  8.2.3 Food & Beverages   
  8.2.4 Manufacturing   
  8.2.5 Processing   
 8.3 Railways    
 8.4 Energy & Utility    
 8.5 Infrastructure    
 8.6 Government    
 8.7 Renewables    
 8.8 Marine    
 8.9 Other End Users    
  8.9.1 Hospitals   
  8.9.2 Airports   
  8.9.3 Data Centers   
  8.9.4 Commercial & Institutional   
      
9 Global Protective Relay Market, By Function     
 9.1 Introduction    
 9.2 Differential Relays    
 9.3 Reverse Power    
 9.4 Overcurrent Relay     
 9.5 Over/Under Voltage Relays    
 9.6 Distance Relays    
      
10 Global Protective Relay Market, By Geography     
 10.1 Introduction    
 10.2 North America    
  10.2.1 US   
  10.2.2 Canada   
  10.2.3 Mexico   
 10.3 Europe    
  10.3.1 Germany   
  10.3.2 UK   
  10.3.3 Italy   
  10.3.4 France   
  10.3.5 Spain   
  10.3.6 Rest of Europe   
 10.4 Asia Pacific    
  10.4.1 Japan   
  10.4.2 China   
  10.4.3 India   
  10.4.4 Australia   
  10.4.5 New Zealand   
  10.4.6 South Korea   
  10.4.7 Rest of Asia Pacific   
 10.5 South America    
  10.5.1 Argentina   
  10.5.2 Brazil   
  10.5.3 Chile   
  10.5.4 Rest of South America   
 10.6 Middle East & Africa    
  10.6.1 Saudi Arabia   
  10.6.2 UAE   
  10.6.3 Qatar   
  10.6.4 South Africa   
  10.6.5 Rest of Middle East & Africa   
      
11 Key Developments     
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures    
 11.2 Acquisitions & Mergers    
 11.3 New Product Launch    
 11.4 Expansions    
 11.5 Other Key Strategies    
      
12 Company Profiling     
 12.1 General Electric    
 12.2 Schweitzer Engineering Laboratories    
 12.3 Eaton    
 12.4 Toshiba    
 12.5 CG Power and Industrial Solutions    
 12.6 Ziv Aplicaciones Y Tecnologia    
 12.7 Basler Electric    
 12.8 Fanox Electronic    
 12.9 Orion Italia    
 12.10 Schneider Electric    
 12.11 ABB    
 12.12 Siemens    
 12.13 Woodward    
 12.14 Ashida Electronics    
 12.15 Littelfuse    
 12.16 Larsen & Toubro    
 12.17 Nr Electric    
 12.18 Mitsubishi Electric    
 12.19 Rockwell    
 12.20 Solcon   


List of Tables      
1 Global Protective Relay Market Outlook, By Region (2017-2027) ($MN)     
2 Global Protective Relay Market Outlook, By Technology (2017-2027) ($MN)     
3 Global Protective Relay Market Outlook, By Digital & Numerical Relay (2017-2027) ($MN)     
4 Global Protective Relay Market Outlook, By Electromechanical Relays (2017-2027) ($MN)     
5 Global Protective Relay Market Outlook, By Static Relays (2017-2027) ($MN)     
6 Global Protective Relay Market Outlook, By Solid-state Relays (2017-2027) ($MN)     
7 Global Protective Relay Market Outlook, By Microprocessor Relays (2017-2027) ($MN)     
8 Global Protective Relay Market Outlook, By Electromagnetic Relays (2017-2027) ($MN)     
9 Global Protective Relay Market Outlook, By Voltage (2017-2027) ($MN)     
10 Global Protective Relay Market Outlook, By Medium Voltage (2017-2027) ($MN)     
11 Global Protective Relay Market Outlook, By High Voltage (2017-2027) ($MN)     
12 Global Protective Relay Market Outlook, By Low Voltage (2017-2027) ($MN)     
13 Global Protective Relay Market Outlook, By Application (2017-2027) ($MN)     
14 Global Protective Relay Market Outlook, By Feeder (2017-2027) ($MN)     
15 Global Protective Relay Market Outlook, By Generator (2017-2027) ($MN)     
16 Global Protective Relay Market Outlook, By Transmission line (2017-2027) ($MN)     
17 Global Protective Relay Market Outlook, By Bus-bar Protection (2017-2027) ($MN)     
18 Global Protective Relay Market Outlook, By Transformer (2017-2027) ($MN)     
19 Global Protective Relay Market Outlook, By Motor (2017-2027) ($MN)     
20 Global Protective Relay Market Outlook, By Other Applications (2017-2027) ($MN)     
21 Global Protective Relay Market Outlook, By Interconnection Protection (2017-2027) ($MN)     
22 Global Protective Relay Market Outlook, By Breaker Protection (2017-2027) ($MN)     
23 Global Protective Relay Market Outlook, By Capacitor Banks & Filterbanks Protection (2017-2027) ($MN)     
24 Global Protective Relay Market Outlook, By End User (2017-2027) ($MN)     
25 Global Protective Relay Market Outlook, By Industrial (2017-2027) ($MN)     
26 Global Protective Relay Market Outlook, By Oil & Gas (2017-2027) ($MN)     
27 Global Protective Relay Market Outlook, By Automotive (2017-2027) ($MN)     
28 Global Protective Relay Market Outlook, By Food & Beverages (2017-2027) ($MN)     
29 Global Protective Relay Market Outlook, By Manufacturing (2017-2027) ($MN)     
30 Global Protective Relay Market Outlook, By Processing (2017-2027) ($MN)     
31 Global Protective Relay Market Outlook, By Railways (2017-2027) ($MN)     
32 Global Protective Relay Market Outlook, By Energy & Utility (2017-2027) ($MN)     
33 Global Protective Relay Market Outlook, By Infrastructure (2017-2027) ($MN)     
34 Global Protective Relay Market Outlook, By Government (2017-2027) ($MN)     
35 Global Protective Relay Market Outlook, By Renewables (2017-2027) ($MN)     
36 Global Protective Relay Market Outlook, By Marine (2017-2027) ($MN)     
37 Global Protective Relay Market Outlook, By Other End Users (2017-2027) ($MN)     
38 Global Protective Relay Market Outlook, By Hospitals (2017-2027) ($MN)     
39 Global Protective Relay Market Outlook, By Airports (2017-2027) ($MN)     
40 Global Protective Relay Market Outlook, By Data Centers (2017-2027) ($MN)     
41 Global Protective Relay Market Outlook, By Commercial & Institutional (2017-2027) ($MN)     
42 Global Protective Relay Market Outlook, By Function (2017-2027) ($MN)     
43 Global Protective Relay Market Outlook, By Differential Relays (2017-2027) ($MN)     
44 Global Protective Relay Market Outlook, By Reverse Power (2017-2027) ($MN)     
45 Global Protective Relay Market Outlook, By Overcurrent Relay (2017-2027) ($MN)     
46 Global Protective Relay Market Outlook, By Over/Under Voltage Relays (2017-2027) ($MN)     
47 Global Protective Relay Market Outlook, By Distance Relays (2017-2027) ($MN)     
      
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.     

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