Protective Relay Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The protective relay market is expected to grow at a CAGR of 6% during the forecast period, increasing from an estimated market size of $20 billion in 2021 to $27 billion in 2028. The protective relay market is expected to grow significantly due to the increase in renewable capacity, automation of substations and the replacement of old electromechanical relays with new advanced microprocessor relays. A protective relay is switchgear that trips a circuit breaker upon detection of a fault. These devices are independent and compact and are designed to detect anomalies by continuously measuring an electrical quantity. Upon detecting a fault, the protective relay will trigger a circuit breaker to disconnect the faulty circuit.

 

Company Profile

• ABB Group
• Alstom SA
• Eaton Corporation
• General Electric Company
• Littelfuse, Inc.
• Mitsubishi Electric Corporation
• Schneider Electric

 

Market Segmentation

By Application

• Transmission line
• Busbar
• Transformer
• Feeder
• Generator
• Motor

By End-User:

• Utilities
• Industrial
• Railways

By Technology:

• Electromechanical & Static Relay
• Digital & Numerical Relay

 

Scope of the Report

The research study analyzes the Protective Relay Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

 

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

 

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

 

Key Questions Answered by Protective Relay Market Report

 

1. What was the Protective Relay Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Protective Relay Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Protective Relay Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.