Protective Relay Market worth $4.54 Billion by 2021

According to the new market research report Protective Relay Market by Voltage (High, Medium, and Low), by End-User (Utilities, Industries, Renewables, and Marine), and by Protection Mechanism (Feeder, Transmission Line, Motor, Transformer, Generator, Breaker, Capacitor Bank, and Busbar) – ****** Trends and Forecasts to 2021″, published by MarketsandMarkets™, The protective relay market is projected to grow from an estimated USD 3.31 Billion in 2016 to USD 4.54 Billion by 2021, registering a CAGR of 6.5% from 2016 to 2021. The growth of the protective relay market is driven by transmission & distribution activities across the globe. Ongoing smart grid and substation automation projects are also expected to propel market growth.

Don’tmiss out on business opportunities in Protective Relay Market. Speak to our analyst and gain crucial industryinsights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=198956724

Feeder Protection: Largest Market, by Protection Mechanism

The report also segments the protective relay market on the basis of protection mechanism as follows: feeder, transmission line, motor, transformer, generator, breaker, capacitor bank, and busbar. Protective relays are primarily used in feeder protection that is, to protect the feeders in the switchyards by transmission & distribution companies. The growing transmission & distribution network across the globe will likely result in a consistent increase in the number of substations, which would boost the demand for feeder protection relays. Asia-Pacific currently houses the largest number of transmission & distribution expansion projects.

Browse and in-depth TOC on “Protective Relay Market”

74 – Tables

44 – Figures

145 – Pages

View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/protective-relay-market-198956724.html

Asia-Pacific: The Largest Market for Protective Relays

In this report, the protective relay market has been analyzed with respect to five regions namely, North America, South America, Europe, Asia-Pacific, and the Middle East & Africa. Asia-Pacific is estimated to be the largest and the fastest-growing market for protective relays. Market growth is largely driven by the number of transmission & distribution line upgradations and developments in Southeast Asia.

Utilities: Largest Market, by End-User

The report breaks down the protective relay market on the basis of end-users into utilities, industries, marine, and renewables. Utilities are estimated to hold a substantial share in the protective relay market. The use of protective relays in utilities is expected to increase as utilities around the world continue to expand their transmission & distribution network. Utilities held the largest market share in 2015. However, given the extensive industrialization across the globe, the adoption of protective relays in industries is expected to increase rapidly.

Get Free 10% Customization on this Report @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=198956724

MarketsandMarkets broadly segments the protective relay market on the basis of voltage, protection mechanism, end-user, and region. An in-depth market share analysis, in terms of revenue, of the top companies is also included in the report. These numbers are arrived at based on key facts, annual financial information from SEC filings, annual reports, and interviews with industry experts and key opinion leaders such as CEOs, directors, and marketing executives. The report includes profiles of some of the major players in the protective relay market, such as Eaton Corporation (Ireland), General Electric (U.S.), ABB Ltd. (Switzerland), and Schneider Electric (France).

Browse Adjacent Markets @ Energy and Power Market Research Reports & Consulting

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of ****** Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking ****** high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.
630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441 Email: sales@marketsandmarkets.com

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.