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Market Research Report
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1029060

Protective Relay Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Published: | IMARC Services Private Limited | 145 Pages | Delivery time: 2-3 business days

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Protective Relay Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
Published: September 16, 2021
IMARC Services Private Limited
Content info: 145 Pages
Delivery time: 2-3 business days
  • ALL
  • Description
  • Table of Contents
Description

The global protective relay market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during (2021-2026). Protective relay refers to a mechanical or digital system that is installed in electrical circuits to minimize failures in motors, generators, and transformers. It receives inputs in the form of current, voltage, resistance, and temperature, compares them to set points, and provides the outputs in the form of indicator lights, control warnings or alarms. It also acts as a fault sensing device that gives the tripping command to the circuit breaker, thereby minimizing the damage caused to the other equipment or devices in the circuit. In comparison to the traditionally used protective relays, modern variants are microprocessor-based digital devices that are more efficient and cost-effective.

Rapid industrialization, along with the increasing demand for renewable energy sources from the power sector, is one of the key factors driving the growth of the market. The widespread adoption of renewable energy (RE) sources has further increased the product utilization at different functional levels in the smart grid network to avoid or mitigate power outages. Furthermore, the increasing construction of power substations across the globe is also providing a boost to the market growth. These substations supply electricity for commercial and domestic utilization and use protective relays to trigger alarm switches and circuit breakers during extreme voltage fluctuations. Additionally, the increasing complexities of electrical circuit designs have pushed the demand for protective relays to register over-current, over-voltage and under-frequency for reversing power flow and avoiding any major accidents. Other factors, including the rising awareness regarding safety in the power industry and extensive research and development (R&D) activities, are projected to drive the market further.

Breakup by Voltage:

  • High
  • Medium
  • Low

Breakup by Type:

  • Electromagnetic Relays
  • Solid-State Relays
  • Microprocessor Relays
  • Others

Breakup by Application:

  • Feeder Protection
  • Transformer Protection
  • Motors Protection
  • Generators Protection
  • Busbar Protection
  • Others

Breakup by End-Use:

  • Power Generation and Distribution
  • Industrial Equipments and Systems
  • Railways
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

  • The report has also analysed the competitive landscape of the market with some of the key players being ABB Ltd., Basler Electric Company, Bender GmbH & Co. KG, Eaton Corporation, Fanox Electronics, General Electric, Littelfuse Inc., Mitsubishi Electric Corporation, NR Electric Co. Ltd. (NARI Technology Development Limited Co.), Schneider Electric, Schweitzer Engineering Laboratories Inc., Siemens Aktiengesellschaft, Toshiba Corporation, Woodward Inc., etc.

Key Questions Answered in This Report:

  • How has the global protective relay market performed so far and how will it perform in the coming years?
  • What are the key regional markets?
  • What has been the impact of COVID-19 on the global protective relay market?
  • What is the breakup of the market based on the voltage?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end-use?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global protective relay market and who are the key players?
  • What is the degree of competition in the industry?
Table of Contents
Product Code: SR1020F10_Report

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Protective Relay Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Voltage

  • 6.1 High
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Medium
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Low
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast

7 Market Breakup by Type

  • 7.1 Electromagnetic Relays
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Solid-State Relays
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Microprocessor Relays
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast
  • 7.4 Others
    • 7.4.1 Market Trends
    • 7.4.2 Market Forecast

8 Market Breakup by Application

  • 8.1 Feeder Protection
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Transformer Protection
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Motor Protection
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Generator Protection
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast
  • 8.5 Busbar Protection
    • 8.5.1 Market Trends
    • 8.5.2 Market Forecast
  • 8.6 Others
    • 8.6.1 Market Trends
    • 8.6.2 Market Forecast

9 Market Breakup by End-Use

  • 9.1 Power Generation and Distribution
    • 9.1.1 Market Trends
    • 9.1.2 Market Forecast
  • 9.2 Industrial Equipments and Systems
    • 9.2.1 Market Trends
    • 9.2.2 Market Forecast
  • 9.3 Railways
    • 9.3.1 Market Trends
    • 9.3.2 Market Forecast
  • 9.4 Others
    • 9.4.1 Market Trends
    • 9.4.2 Market Forecast

10 Market Breakup by Region

  • 10.1 North America
    • 10.1.1 United States
      • 10.1.1.1 Market Trends
      • 10.1.1.2 Market Forecast
    • 10.1.2 Canada
      • 10.1.2.1 Market Trends
      • 10.1.2.2 Market Forecast
  • 10.2 Asia Pacific
    • 10.2.1 China
      • 10.2.1.1 Market Trends
      • 10.2.1.2 Market Forecast
    • 10.2.2 Japan
      • 10.2.2.1 Market Trends
      • 10.2.2.2 Market Forecast
    • 10.2.3 India
      • 10.2.3.1 Market Trends
      • 10.2.3.2 Market Forecast
    • 10.2.4 South Korea
      • 10.2.4.1 Market Trends
      • 10.2.4.2 Market Forecast
    • 10.2.5 Australia
      • 10.2.5.1 Market Trends
      • 10.2.5.2 Market Forecast
    • 10.2.6 Indonesia
      • 10.2.6.1 Market Trends
      • 10.2.6.2 Market Forecast
    • 10.2.7 Others
      • 10.2.7.1 Market Trends
      • 10.2.7.2 Market Forecast
  • 10.3 Europe
    • 10.3.1 Germany
      • 10.3.1.1 Market Trends
      • 10.3.1.2 Market Forecast
    • 10.3.2 France
      • 10.3.2.1 Market Trends
      • 10.3.2.2 Market Forecast
    • 10.3.3 United Kingdom
      • 10.3.3.1 Market Trends
      • 10.3.3.2 Market Forecast
    • 10.3.4 Italy
      • 10.3.4.1 Market Trends
      • 10.3.4.2 Market Forecast
    • 10.3.5 Spain
      • 10.3.5.1 Market Trends
      • 10.3.5.2 Market Forecast
    • 10.3.6 Russia
      • 10.3.6.1 Market Trends
      • 10.3.6.2 Market Forecast
    • 10.3.7 Others
      • 10.3.7.1 Market Trends
      • 10.3.7.2 Market Forecast
  • 10.4 Latin America
    • 10.4.1 Brazil
      • 10.4.1.1 Market Trends
      • 10.4.1.2 Market Forecast
    • 10.4.2 Mexico
      • 10.4.2.1 Market Trends
      • 10.4.2.2 Market Forecast
    • 10.4.3 Others
      • 10.4.3.1 Market Trends
      • 10.4.3.2 Market Forecast
  • 10.5 Middle East and Africa
    • 10.5.1 Market Trends
    • 10.5.2 Market Breakup by Country
    • 10.5.3 Market Forecast

11 SWOT Analysis

  • 11.1 Overview
  • 11.2 Strengths
  • 11.3 Weaknesses
  • 11.4 Opportunities
  • 11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis

  • 13.1 Overview
  • 13.2 Bargaining Power of Buyers
  • 13.3 Bargaining Power of Suppliers
  • 13.4 Degree of Competition
  • 13.5 Threat of New Entrants
  • 13.6 Threat of Substitutes

14 Price Indicators

15 Competitive Landscape

  • 15.1 Market Structure
  • 15.2 Key Players
  • 15.3 Profiles of Key Players
    • 15.3.1 ABB Ltd.
      • 15.3.1.1 Company Overview
      • 15.3.1.2 Product Portfolio
      • 15.3.1.3 Financials
      • 15.3.1.4 SWOT Analysis
    • 15.3.2 Basler Electric Company
      • 15.3.2.1 Company Overview
      • 15.3.2.2 Product Portfolio
    • 15.3.3 Bender GmbH & Co. KG
      • 15.3.3.1 Company Overview
      • 15.3.3.2 Product Portfolio
    • 15.3.4 Eaton Corporation
      • 15.3.4.1 Company Overview
      • 15.3.4.2 Product Portfolio
      • 15.3.4.3 Financials
      • 15.3.4.4 SWOT Analysis
    • 15.3.5 Fanox Electronics
      • 15.3.5.1 Company Overview
      • 15.3.5.2 Product Portfolio
    • 15.3.6 General Electric
      • 15.3.6.1 Company Overview
      • 15.3.6.2 Product Portfolio
      • 15.3.6.3 Financials
      • 15.3.6.4 SWOT Analysis
    • 15.3.7 Littelfuse Inc.
      • 15.3.7.1 Company Overview
      • 15.3.7.2 Product Portfolio
      • 15.3.7.3 Financials
    • 15.3.8 Mitsubishi Electric Corporation
      • 15.3.8.1 Company Overview
      • 15.3.8.2 Product Portfolio
      • 15.3.8.3 Financials
      • 15.3.8.4 SWOT Analysis
    • 15.3.9 NR Electric Co. Ltd. (NARI Technology Development Limited Co.)
      • 15.3.9.1 Company Overview
      • 15.3.9.2 Product Portfolio
    • 15.3.10 Schneider Electric
      • 15.3.10.1 Company Overview
      • 15.3.10.2 Product Portfolio
      • 15.3.10.3 Financials
      • 15.3.10.4 SWOT Analysis
    • 15.3.11 Schweitzer Engineering Laboratories Inc.
      • 15.3.11.1 Company Overview
      • 15.3.11.2 Product Portfolio
      • 15.3.11.3 SWOT Analysis
    • 15.3.12 Siemens Aktiengesellschaft
      • 15.3.12.1 Company Overview
      • 15.3.12.2 Product Portfolio
      • 15.3.12.3 Financials
      • 15.3.12.4 SWOT Analysis
    • 15.3.13 Toshiba Corporation
      • 15.3.13.1 Company Overview
      • 15.3.13.2 Product Portfolio
      • 15.3.13.3 Financials
      • 15.3.13.4 SWOT Analysis
    • 15.3.14 Woodward Inc.
      • 15.3.14.1 Company Overview
      • 15.3.14.2 Product Portfolio
      • 15.3.14.3 Financials
      • 15.3.14.4 SWOT Analysis

List of Figures

  • Figure 1: Global: Protective Relay Market: Major Drivers and Challenges
  • Figure 2: Global: Protective Relay Market: Sales Value (in Billion US$), 2015-2020
  • Figure 3: Global: Protective Relay Market: Breakup by Voltage (in %), 2020
  • Figure 4: Global: Protective Relay Market: Breakup by Type (in %), 2020
  • Figure 5: Global: Protective Relay Market: Breakup by Application (in %), 2020
  • Figure 6: Global: Protective Relay Market: Breakup by End-Use (in %), 2020
  • Figure 7: Global: Protective Relay Market: Breakup by Region (in %), 2020
  • Figure 8: Global: Protective Relay Market Forecast: Sales Value (in Billion US$), 2021-2026
  • Figure 9: Global: Protective Relay (High) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 10: Global: Protective Relay (High) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 11: Global: Protective Relay (Medium) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 12: Global: Protective Relay (Medium) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 13: Global: Protective Relay (Low) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 14: Global: Protective Relay (Low) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 15: Global: Protective Relay (Electromagnetic Relays) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 16: Global: Protective Relay (Electromagnetic Relays) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 17: Global: Protective Relay (Solid-State Relays) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 18: Global: Protective Relay (Solid-State Relays) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 19: Global: Protective Relay (Microprocessor Relays) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 20: Global: Protective Relay (Microprocessor Relays) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 21: Global: Protective Relay (Other Types) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 22: Global: Protective Relay (Other Types) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 23: Global: Protective Relay (Feeder Protection) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 24: Global: Protective Relay (Feeder Protection) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 25: Global: Protective Relay (Transformer Protection) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 26: Global: Protective Relay (Transformer Protection) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 27: Global: Protective Relay (Motors Protection) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 28: Global: Protective Relay (Motors Protection) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 29: Global: Protective Relay (Generators Protection) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 30: Global: Protective Relay (Generators Protection) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 31: Global: Protective Relay (Busbar Protection) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 32: Global: Protective Relay (Busbar Protection) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 33: Global: Protective Relay (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 34: Global: Protective Relay (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 35: Global: Protective Relay (Power Generation and Distribution) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 36: Global: Protective Relay (Power Generation and Distribution) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 37: Global: Protective Relay (Industrial Equipments and Systems) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 38: Global: Protective Relay (Industrial Equipments and Systems) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 39: Global: Protective Relay (Railways) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 40: Global: Protective Relay (Railways) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 41: Global: Protective Relay (Other Uses) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 42: Global: Protective Relay (Other Uses) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 43: North America: Protective Relay Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 44: North America: Protective Relay Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 45: United States: Protective Relay Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 46: United States: Protective Relay Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 47: Canada: Protective Relay Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 48: Canada: Protective Relay Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 49: Asia Pacific: Protective Relay Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 50: Asia Pacific: Protective Relay Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 51: China: Protective Relay Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 52: China: Protective Relay Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 53: Japan: Protective Relay Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 54: Japan: Protective Relay Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 55: India: Protective Relay Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 56: India: Protective Relay Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 57: South Korea: Protective Relay Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 56: South Korea: Protective Relay Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 58: Australia: Protective Relay Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 59: Australia: Protective Relay Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 60: Indonesia: Protective Relay Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 61: Indonesia: Protective Relay Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 62: Others: Protective Relay Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 63: Others: Protective Relay Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 64: Europe: Protective Relay Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 65: Europe: Protective Relay Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 66: Germany: Protective Relay Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 67: Germany: Protective Relay Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 68: France: Protective Relay Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 69: France: Protective Relay Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 70: United Kingdom: Protective Relay Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 71: United Kingdom: Protective Relay Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 72: Italy: Protective Relay Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 73: Italy: Protective Relay Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 74: Spain: Protective Relay Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 75: Spain: Protective Relay Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 76: Russia: Protective Relay Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 77: Russia: Protective Relay Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 78: Others: Protective Relay Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 79: Others: Protective Relay Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 80: Latin America: Protective Relay Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 81: Latin America: Protective Relay Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 82: Brazil: Protective Relay Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 83: Brazil: Protective Relay Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 84: Mexico: Protective Relay Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 85: Mexico: Protective Relay Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 86: Others: Protective Relay Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 87: Others: Protective Relay Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 88: Middle East and Africa: Protective Relay Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 89: Middle East and Africa: Protective Relay Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 90: Global: Protective Relay Industry: SWOT Analysis
  • Figure 91: Global: Protective Relay Industry: Value Chain Analysis
  • Figure 92: Global: Protective Relay Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Protective Relay Market: Key Industry Highlights, 2020 and 2026
  • Table 2: Global: Protective Relay Market Forecast: Breakup by Voltage (in Million US$), 2021-2026
  • Table 3: Global: Protective Relay Market Forecast: Breakup by Type (in Million US$), 2021-2026
  • Table 4: Global: Protective Relay Market Forecast: Breakup by Application (in Million US$), 2021-2026
  • Table 5: Global: Protective Relay Market Forecast: Breakup by End-Use (in Million US$), 2021-2026
  • Table 6: Global: Protective Relay Market Forecast: Breakup by Region (in Million US$), 2021-2026
  • Table 7: Global: Protective Relay Market: Competitive Structure
  • Table 8: Global: Protective Relay Market: Key Players