Tag Archives: Protective Relays Market

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.

Protective Relays Market to Reflect Impressive Growth Rate by 2023

****** Protective Relays Market: Overview

Due to the increasing complexity of electrical circuit design, circuit protection has emerged as a major concern for project developers around the world. The significance of protective relays has thus increased in enabling safe operations of an external circuit. These systems register over-current, over-voltage, and under-frequency in order to reverse power flow, thereby eliminating the chances of major accidents. Besides this, protective relays are used to trace the epicenter of disturbance and prompt switching devices to eliminate the faulty elements from the circuit.

Get Research Report Overview @ https://www.transparencymarketresearch.com/protective-relays-market.html