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Market Research Report
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1040779

Medium Voltage (MV) Protection Relay Market Forecasts to 2028 - Global Analysis By Connected Load (Feeder Line, Motors), Type (Electromechanical & Static Relay, Digital & Numerical Relay), End User (Renewable, Marine) and By Geography
Published: | Stratistics Market Research Consulting | Delivery time: 2-3 business days

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Medium Voltage (MV) Protection Relay Market Forecasts to 2028 - Global Analysis By Connected Load (Feeder Line, Motors), Type (Electromechanical & Static Relay, Digital & Numerical Relay), End User (Renewable, Marine) and By Geography
Published: December 1, 2021
Stratistics Market Research Consulting
Delivery time: 2-3 business days
  • Description
  • Table of Contents
  • List of Tables

According to Stratistics MRC, the Global Medium Voltage (MV) Protection Relay Market is accounted for $954.97 million in 2020 and is expected to reach $1,677.98 million by 2028 growing at a CAGR of 7.3% during the forecast period. Expansion of transmission & distribution networks and upgrade of existing substations and feeder line protection are the major factors propelling the market growth. However, the lack of investments from governments in grid stability is hampering market growth.

A protective relay is a relay device designed to trip a circuit breaker when a fault is detected and it enables safe operation in an electrical circuit. The primary function of protective relays is to trip a circuit breaker when a fault is detected. It may react to the magnitude of a quantity such as current or voltage. Protection relays may use shaded-pole, magnets, operating and restraint coils, arrays of induction disks, telephone-relay contacts, phase-shifting networks, and solenoid-type operators.

Based on the end user, the industrial segment is estimated to have a lucrative growth due to rising demand for protection relays in industries to avoid damages to costly instruments caused by overload, over temperature.

By geography, the Asia Pacific is going to have a lucrative growth during the forecast period due to the growing need for solar projects, rising smart grid demands, and increasing industrialization and urbanization. India and China accounted for high global shares in transmission and distribution infrastructure, and as a result, these countries are expected to be the major drivers for the market.

Some of the key players profiled in the Medium Voltage (MV) Protection Relay Market include ABB, Eaton, Fanox, General Electric, Larsen and Toubro, Mitsubishi Electric, Powell Industries, Rockwell, Schneider Electric, Schweitzer Engineering Laboratories, Siemens, Solcon Industries, Terasaki, Toshiba, and Woodward.

Connected Loads Covered:

  • Feeder Line
  • Motors
  • Transformers & Control System

Types Covered:

  • Electromechanical & Static Relay
  • Digital & Numerical Relay

End Users Covered:

  • Utilities
  • Industrial
  • Commercial & Institutional
  • Renewable
  • Marine
  • Railways and Metros

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • 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 2019, 2020, 2021, 2025, and 2028
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • 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
    • Comprehensive profiling of additional market players (up to 3)
    • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Product Code: SMRC21218

Table of Contents

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 End User Analysis
  • 3.7 Emerging Markets
  • 3.8 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 Medium Voltage (MV) Protection Relay Market, By Connected Load

  • 5.1 Introduction
  • 5.2 Feeder Line
  • 5.3 Motors
  • 5.4 Transformers & Control System

6 Global Medium Voltage (MV) Protection Relay Market, By Type

  • 6.1 Introduction
  • 6.2 Electromechanical & Static Relay
  • 6.3 Digital & Numerical Relay

7 Global Medium Voltage (MV) Protection Relay Market, By End User

  • 7.1 Introduction
  • 7.2 Utilities
    • 7.2.1 Power Generation
    • 7.2.2 Power Distribution
  • 7.3 Industrial
    • 7.3.1 Metal & Mining
    • 7.3.2 Chemical & Pharmaceutical
    • 7.3.3 Oil & Gas
  • 7.4 Commercial & Institutional
  • 7.5 Renewable
  • 7.6 Marine
  • 7.7 Railways and Metros

8 Global Medium Voltage (MV) Protection Relay Market, By Geography

  • 8.1 Introduction
  • 8.2 North America
    • 8.2.1 US
    • 8.2.2 Canada
    • 8.2.3 Mexico
  • 8.3 Europe
    • 8.3.1 Germany
    • 8.3.2 UK
    • 8.3.3 Italy
    • 8.3.4 France
    • 8.3.5 Spain
    • 8.3.6 Rest of Europe
  • 8.4 Asia Pacific
    • 8.4.1 Japan
    • 8.4.2 China
    • 8.4.3 India
    • 8.4.4 Australia
    • 8.4.5 New Zealand
    • 8.4.6 South Korea
    • 8.4.7 Rest of Asia Pacific
  • 8.5 South America
    • 8.5.1 Argentina
    • 8.5.2 Brazil
    • 8.5.3 Chile
    • 8.5.4 Rest of South America
  • 8.6 Middle East & Africa
    • 8.6.1 Saudi Arabia
    • 8.6.2 UAE
    • 8.6.3 Qatar
    • 8.6.4 South Africa
    • 8.6.5 Rest of Middle East & Africa

9 Key Developments

  • 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
  • 9.2 Acquisitions & Mergers
  • 9.3 New Product Launch
  • 9.4 Expansions
  • 9.5 Other Key Strategies

10 Company Profiling

  • 10.1 ABB
  • 10.2 Eaton
  • 10.3 Fanox
  • 10.4 General Electric
  • 10.5 Larsen and Toubro
  • 10.6 Mitsubishi Electric
  • 10.7 Powell Industries
  • 10.8 Rockwell
  • 10.9 Schneider Electric
  • 10.10 Schweitzer Engineering Laboratories
  • 10.11 Siemens
  • 10.12 Solcon Industries
  • 10.13 Terasaki
  • 10.14 Toshiba
  • 10.15 Woodward

List of Tables

  • Table 1 Global Medium Voltage (MV) Protection Relay Market Outlook, By Region (2019-2028) ($MN)
  • Table 2 Global Medium Voltage (MV) Protection Relay Market Outlook, By Connected Load (2019-2028) ($MN)
  • Table 3 Global Medium Voltage (MV) Protection Relay Market Outlook, By Feeder Line (2019-2028) ($MN)
  • Table 4 Global Medium Voltage (MV) Protection Relay Market Outlook, By Motors (2019-2028) ($MN)
  • Table 5 Global Medium Voltage (MV) Protection Relay Market Outlook, By Transformers & Control System (2019-2028) ($MN)
  • Table 6 Global Medium Voltage (MV) Protection Relay Market Outlook, By Type (2019-2028) ($MN)
  • Table 7 Global Medium Voltage (MV) Protection Relay Market Outlook, By Electromechanical & Static Relay (2019-2028) ($MN)
  • Table 8 Global Medium Voltage (MV) Protection Relay Market Outlook, By Digital & Numerical Relay (2019-2028) ($MN)
  • Table 9 Global Medium Voltage (MV) Protection Relay Market Outlook, By End User (2019-2028) ($MN)
  • Table 10 Global Medium Voltage (MV) Protection Relay Market Outlook, By Utilities (2019-2028) ($MN)
  • Table 11 Global Medium Voltage (MV) Protection Relay Market Outlook, By Power Generation (2019-2028) ($MN)
  • Table 12 Global Medium Voltage (MV) Protection Relay Market Outlook, By Power Distribution (2019-2028) ($MN)
  • Table 13 Global Medium Voltage (MV) Protection Relay Market Outlook, By Industrial (2019-2028) ($MN)
  • Table 14 Global Medium Voltage (MV) Protection Relay Market Outlook, By Metal & Mining (2019-2028) ($MN)
  • Table 15 Global Medium Voltage (MV) Protection Relay Market Outlook, By Chemical & Pharmaceutical (2019-2028) ($MN)
  • Table 16 Global Medium Voltage (MV) Protection Relay Market Outlook, By Oil & Gas (2019-2028) ($MN)
  • Table 17 Global Medium Voltage (MV) Protection Relay Market Outlook, By Commercial & Institutional (2019-2028) ($MN)
  • Table 18 Global Medium Voltage (MV) Protection Relay Market Outlook, By Renewable (2019-2028) ($MN)
  • Table 19 Global Medium Voltage (MV) Protection Relay Market Outlook, By Marine (2019-2028) ($MN)
  • Table 20 Global Medium Voltage (MV) Protection Relay Market Outlook, By Railways and Metros (2019-2028) ($MN)
  • Table 21 North America Medium Voltage (MV) Protection Relay Market Outlook, By Country (2019-2028) ($MN)
  • Table 22 North America Medium Voltage (MV) Protection Relay Market Outlook, By Connected Load (2019-2028) ($MN)
  • Table 23 North America Medium Voltage (MV) Protection Relay Market Outlook, By Feeder Line (2019-2028) ($MN)
  • Table 24 North America Medium Voltage (MV) Protection Relay Market Outlook, By Motors (2019-2028) ($MN)
  • Table 25 North America Medium Voltage (MV) Protection Relay Market Outlook, By Transformers & Control System (2019-2028) ($MN)
  • Table 26 North America Medium Voltage (MV) Protection Relay Market Outlook, By Type (2019-2028) ($MN)
  • Table 27 North America Medium Voltage (MV) Protection Relay Market Outlook, By Electromechanical & Static Relay (2019-2028) ($MN)
  • Table 28 North America Medium Voltage (MV) Protection Relay Market Outlook, By Digital & Numerical Relay (2019-2028) ($MN)
  • Table 29 North America Medium Voltage (MV) Protection Relay Market Outlook, By End User (2019-2028) ($MN)
  • Table 30 North America Medium Voltage (MV) Protection Relay Market Outlook, By Utilities (2019-2028) ($MN)
  • Table 31 North America Medium Voltage (MV) Protection Relay Market Outlook, By Power Generation (2019-2028) ($MN)
  • Table 32 North America Medium Voltage (MV) Protection Relay Market Outlook, By Power Distribution (2019-2028) ($MN)
  • Table 33 North America Medium Voltage (MV) Protection Relay Market Outlook, By Industrial (2019-2028) ($MN)
  • Table 34 North America Medium Voltage (MV) Protection Relay Market Outlook, By Metal & Mining (2019-2028) ($MN)
  • Table 35 North America Medium Voltage (MV) Protection Relay Market Outlook, By Chemical & Pharmaceutical (2019-2028) ($MN)
  • Table 36 North America Medium Voltage (MV) Protection Relay Market Outlook, By Oil & Gas (2019-2028) ($MN)
  • Table 37 North America Medium Voltage (MV) Protection Relay Market Outlook, By Commercial & Institutional (2019-2028) ($MN)
  • Table 38 North America Medium Voltage (MV) Protection Relay Market Outlook, By Renewable (2019-2028) ($MN)
  • Table 39 North America Medium Voltage (MV) Protection Relay Market Outlook, By Marine (2019-2028) ($MN)
  • Table 40 North America Medium Voltage (MV) Protection Relay Market Outlook, By Railways and Metros (2019-2028) ($MN)
  • Table 41 Europe Medium Voltage (MV) Protection Relay Market Outlook, By Country (2019-2028) ($MN)
  • Table 42 Europe Medium Voltage (MV) Protection Relay Market Outlook, By Connected Load (2019-2028) ($MN)
  • Table 43 Europe Medium Voltage (MV) Protection Relay Market Outlook, By Feeder Line (2019-2028) ($MN)
  • Table 44 Europe Medium Voltage (MV) Protection Relay Market Outlook, By Motors (2019-2028) ($MN)
  • Table 45 Europe Medium Voltage (MV) Protection Relay Market Outlook, By Transformers & Control System (2019-2028) ($MN)
  • Table 46 Europe Medium Voltage (MV) Protection Relay Market Outlook, By Type (2019-2028) ($MN)
  • Table 47 Europe Medium Voltage (MV) Protection Relay Market Outlook, By Electromechanical & Static Relay (2019-2028) ($MN)
  • Table 48 Europe Medium Voltage (MV) Protection Relay Market Outlook, By Digital & Numerical Relay (2019-2028) ($MN)
  • Table 49 Europe Medium Voltage (MV) Protection Relay Market Outlook, By End User (2019-2028) ($MN)
  • Table 50 Europe Medium Voltage (MV) Protection Relay Market Outlook, By Utilities (2019-2028) ($MN)
  • Table 51 Europe Medium Voltage (MV) Protection Relay Market Outlook, By Power Generation (2019-2028) ($MN)
  • Table 52 Europe Medium Voltage (MV) Protection Relay Market Outlook, By Power Distribution (2019-2028) ($MN)
  • Table 53 Europe Medium Voltage (MV) Protection Relay Market Outlook, By Industrial (2019-2028) ($MN)
  • Table 54 Europe Medium Voltage (MV) Protection Relay Market Outlook, By Metal & Mining (2019-2028) ($MN)
  • Table 55 Europe Medium Voltage (MV) Protection Relay Market Outlook, By Chemical & Pharmaceutical (2019-2028) ($MN)
  • Table 56 Europe Medium Voltage (MV) Protection Relay Market Outlook, By Oil & Gas (2019-2028) ($MN)
  • Table 57 Europe Medium Voltage (MV) Protection Relay Market Outlook, By Commercial & Institutional (2019-2028) ($MN)
  • Table 58 Europe Medium Voltage (MV) Protection Relay Market Outlook, By Renewable (2019-2028) ($MN)
  • Table 59 Europe Medium Voltage (MV) Protection Relay Market Outlook, By Marine (2019-2028) ($MN)
  • Table 60 Europe Medium Voltage (MV) Protection Relay Market Outlook, By Railways and Metros (2019-2028) ($MN)
  • Table 61 Asia Pacific Medium Voltage (MV) Protection Relay Market Outlook, By Country (2019-2028) ($MN)
  • Table 62 Asia Pacific Medium Voltage (MV) Protection Relay Market Outlook, By Connected Load (2019-2028) ($MN)
  • Table 63 Asia Pacific Medium Voltage (MV) Protection Relay Market Outlook, By Feeder Line (2019-2028) ($MN)
  • Table 64 Asia Pacific Medium Voltage (MV) Protection Relay Market Outlook, By Motors (2019-2028) ($MN)
  • Table 65 Asia Pacific Medium Voltage (MV) Protection Relay Market Outlook, By Transformers & Control System (2019-2028) ($MN)
  • Table 66 Asia Pacific Medium Voltage (MV) Protection Relay Market Outlook, By Type (2019-2028) ($MN)
  • Table 67 Asia Pacific Medium Voltage (MV) Protection Relay Market Outlook, By Electromechanical & Static Relay (2019-2028) ($MN)
  • Table 68 Asia Pacific Medium Voltage (MV) Protection Relay Market Outlook, By Digital & Numerical Relay (2019-2028) ($MN)
  • Table 69 Asia Pacific Medium Voltage (MV) Protection Relay Market Outlook, By End User (2019-2028) ($MN)
  • Table 70 Asia Pacific Medium Voltage (MV) Protection Relay Market Outlook, By Utilities (2019-2028) ($MN)
  • Table 71 Asia Pacific Medium Voltage (MV) Protection Relay Market Outlook, By Power Generation (2019-2028) ($MN)
  • Table 72 Asia Pacific Medium Voltage (MV) Protection Relay Market Outlook, By Power Distribution (2019-2028) ($MN)
  • Table 73 Asia Pacific Medium Voltage (MV) Protection Relay Market Outlook, By Industrial (2019-2028) ($MN)
  • Table 74 Asia Pacific Medium Voltage (MV) Protection Relay Market Outlook, By Metal & Mining (2019-2028) ($MN)
  • Table 75 Asia Pacific Medium Voltage (MV) Protection Relay Market Outlook, By Chemical & Pharmaceutical (2019-2028) ($MN)
  • Table 76 Asia Pacific Medium Voltage (MV) Protection Relay Market Outlook, By Oil & Gas (2019-2028) ($MN)
  • Table 77 Asia Pacific Medium Voltage (MV) Protection Relay Market Outlook, By Commercial & Institutional (2019-2028) ($MN)
  • Table 78 Asia Pacific Medium Voltage (MV) Protection Relay Market Outlook, By Renewable (2019-2028) ($MN)
  • Table 79 Asia Pacific Medium Voltage (MV) Protection Relay Market Outlook, By Marine (2019-2028) ($MN)
  • Table 80 Asia Pacific Medium Voltage (MV) Protection Relay Market Outlook, By Railways and Metros (2019-2028) ($MN)
  • Table 81 South America Medium Voltage (MV) Protection Relay Market Outlook, By Country (2019-2028) ($MN)
  • Table 82 South America Medium Voltage (MV) Protection Relay Market Outlook, By Connected Load (2019-2028) ($MN)
  • Table 83 South America Medium Voltage (MV) Protection Relay Market Outlook, By Feeder Line (2019-2028) ($MN)
  • Table 84 South America Medium Voltage (MV) Protection Relay Market Outlook, By Motors (2019-2028) ($MN)
  • Table 85 South America Medium Voltage (MV) Protection Relay Market Outlook, By Transformers & Control System (2019-2028) ($MN)
  • Table 86 South America Medium Voltage (MV) Protection Relay Market Outlook, By Type (2019-2028) ($MN)
  • Table 87 South America Medium Voltage (MV) Protection Relay Market Outlook, By Electromechanical & Static Relay (2019-2028) ($MN)
  • Table 88 South America Medium Voltage (MV) Protection Relay Market Outlook, By Digital & Numerical Relay (2019-2028) ($MN)
  • Table 89 South America Medium Voltage (MV) Protection Relay Market Outlook, By End User (2019-2028) ($MN)
  • Table 90 South America Medium Voltage (MV) Protection Relay Market Outlook, By Utilities (2019-2028) ($MN)
  • Table 91 South America Medium Voltage (MV) Protection Relay Market Outlook, By Power Generation (2019-2028) ($MN)
  • Table 92 South America Medium Voltage (MV) Protection Relay Market Outlook, By Power Distribution (2019-2028) ($MN)
  • Table 93 South America Medium Voltage (MV) Protection Relay Market Outlook, By Industrial (2019-2028) ($MN)
  • Table 94 South America Medium Voltage (MV) Protection Relay Market Outlook, By Metal & Mining (2019-2028) ($MN)
  • Table 95 South America Medium Voltage (MV) Protection Relay Market Outlook, By Chemical & Pharmaceutical (2019-2028) ($MN)
  • Table 96 South America Medium Voltage (MV) Protection Relay Market Outlook, By Oil & Gas (2019-2028) ($MN)
  • Table 97 South America Medium Voltage (MV) Protection Relay Market Outlook, By Commercial & Institutional (2019-2028) ($MN)
  • Table 98 South America Medium Voltage (MV) Protection Relay Market Outlook, By Renewable (2019-2028) ($MN)
  • Table 99 South America Medium Voltage (MV) Protection Relay Market Outlook, By Marine (2019-2028) ($MN)
  • Table 100 South America Medium Voltage (MV) Protection Relay Market Outlook, By Railways and Metros (2019-2028) ($MN)
  • Table 101 Middle East & Africa Medium Voltage (MV) Protection Relay Market Outlook, By Country (2019-2028) ($MN)
  • Table 102 Middle East & Africa Medium Voltage (MV) Protection Relay Market Outlook, By Connected Load (2019-2028) ($MN)
  • Table 103 Middle East & Africa Medium Voltage (MV) Protection Relay Market Outlook, By Feeder Line (2019-2028) ($MN)
  • Table 104 Middle East & Africa Medium Voltage (MV) Protection Relay Market Outlook, By Motors (2019-2028) ($MN)
  • Table 105 Middle East & Africa Medium Voltage (MV) Protection Relay Market Outlook, By Transformers & Control System (2019-2028) ($MN)
  • Table 106 Middle East & Africa Medium Voltage (MV) Protection Relay Market Outlook, By Type (2019-2028) ($MN)
  • Table 107 Middle East & Africa Medium Voltage (MV) Protection Relay Market Outlook, By Electromechanical & Static Relay (2019-2028) ($MN)
  • Table 108 Middle East & Africa Medium Voltage (MV) Protection Relay Market Outlook, By Digital & Numerical Relay (2019-2028) ($MN)
  • Table 109 Middle East & Africa Medium Voltage (MV) Protection Relay Market Outlook, By End User (2019-2028) ($MN)
  • Table 110 Middle East & Africa Medium Voltage (MV) Protection Relay Market Outlook, By Utilities (2019-2028) ($MN)
  • Table 111 Middle East & Africa Medium Voltage (MV) Protection Relay Market Outlook, By Power Generation (2019-2028) ($MN)
  • Table 112 Middle East & Africa Medium Voltage (MV) Protection Relay Market Outlook, By Power Distribution (2019-2028) ($MN)
  • Table 113 Middle East & Africa Medium Voltage (MV) Protection Relay Market Outlook, By Industrial (2019-2028) ($MN)
  • Table 114 Middle East & Africa Medium Voltage (MV) Protection Relay Market Outlook, By Metal & Mining (2019-2028) ($MN)
  • Table 115 Middle East & Africa Medium Voltage (MV) Protection Relay Market Outlook, By Chemical & Pharmaceutical (2019-2028) ($MN)
  • Table 116 Middle East & Africa Medium Voltage (MV) Protection Relay Market Outlook, By Oil & Gas (2019-2028) ($MN)
  • Table 117 Middle East & Africa Medium Voltage (MV) Protection Relay Market Outlook, By Commercial & Institutional (2019-2028) ($MN)
  • Table 118 Middle East & Africa Medium Voltage (MV) Protection Relay Market Outlook, By Renewable (2019-2028) ($MN)
  • Table 119 Middle East & Africa Medium Voltage (MV) Protection Relay Market Outlook, By Marine (2019-2028) ($MN)
  • Table 120 Middle East & Africa Medium Voltage (MV) Protection Relay Market Outlook, By Railways and Metros (2019-2028) ($MN)