Protective Relays and Circuit Breakers: Global Markets

Description

List of Tables

The global market for protective relays and circuit breakers was valued at $16.9 billion in 2023. This market is expected to grow from $17.2 billion in 2024 to $26.8 billion by 2029, at a compound annual growth rate (CAGR) of 9.2% from 2024 through 2029.

The global market for protective relays is expected to grow from $11.3 billion in 2024 to $18.3 billion by 2029, at a CAGR of 10.1% from 2024 through 2029.

The global market for circuit breakers is expected to grow from $5.9 billion in 2024 to $8.5 billion by 2029, at a CAGR of 7.6% from 2024 through 2029.

Report Scope:

This report provides an overview of the global protective relays and circuit breakers market and analyzes market trends. It provides the global revenue (in $ millions) for segments and regions, considering 2023 as the base year, with estimated market data for 2024 through 2029. The market is arranged based on category, types of protective relays, circuit breakers, voltages, industries, applications, and regions. Geographical segments covered are North America (the U.S., Canada, Mexico), Europe (U.K., Germany, France, Italy, Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Rest of Asia-Pacific), and the Rest of the World (South America, Middle East and Africa). The report also focuses on emerging technologies and vendor landscape. It concludes with profiles of the major players in the market.

Report Includes:

80 data tables and 58 additional tables
An overview of the global market for protective relays and circuit breakers within the industry
Analysis of the global market trends, with data from 2023, estimates for 2024, forecasts for 2025 and 2026, and projections of compound annual growth rates (CAGRs) through 2029
Estimates of the size and revenue prospects of the global market, along with a market share analysis by category, protective relay type, circuit breaker type, voltage type, application, industry, and region
Assessment of market restraints, current trends, demographic shifts, technological advances, and regulatory aspects that shape and influence the market
A look at the devices controlling Industry 4.0, including the industrial network infrastructure, end users, and application of these systems across industry verticals
A discussion on ESG challenges and ESG practices in the industry
Assessment of the vendor landscape, including the market shares, product portfolios and financial overviews of leading companies
Information on recent mergers and acquisitions, plant expansions, collaborations, investments, product launches, and other strategic developments in the market
Profiles of the leading market vendors, including ABB, Mitsubishi Electric Corp., Eaton, Schneider Electric and Siemens

Product Code: IAS157B

Chapter 1 Executive Summary

Market Outlook
Scope of Report
Market Summary
Technological Advances and Applications
Market Dynamics and Growth Factors
Segmental Analysis
Regional Insights and Emerging Markets
Conclusion

Chapter 2 Market Overview

Current Market Scenario and Future Expectations
Macro-Economic Factors Analysis
Impact of Trade and Political Disputes
Currency Conversion Risks and Exchange Rate Fluctuations
Rising Inflation and Commodity Prices
Porter's Five Forces Analysis
Value Chain Analysis
Regulatory Landscape

Chapter 3 Market Dynamics

Overview
Market Drivers
Growing Demand from Evolving Power Grids Industry
Railway Safety Concerns Boosting Demand for Protective Relay and Circuit Breakers
Increasing Demand from Global Power Substation Construction
Modernization of Transmission and Distribution (T&D) Networks
Growing Worldwide Focus on Renewable Energy Integration
Market Restraints
Stringent Environmental Regulations Related to SF6 Gas Are Restraining Market Growth
High-Cost of Advanced Electrical Protection Systems Hinders Their Adoption
Cyber Threats Specifically Targeting Protective Relays and Circuit Breakers
Market Opportunities
Smart Grids and Maintenance Trends Enhance Electrical Protection Market
Growth of IoT-based Circuit Breakers
Integrating Blockchain Technology for Grid Security
Electrical Safety Standard Update

Chapter 4 Emerging Trends and Technologies

Overview
Emerging Trends
Shift to Sustainability in Protective Relays and Circuit Breakers
Increasing Implementation of AFCI and GFCI Technology in Electrical Systems
Emerging Technologies
Intelligent and Digital Circuit Breakers
Advanced Communication Protocols
Digital Twin Integration
Patent Analysis
Geographical Patterns
Key Findings

Chapter 5 Market Segmentation Analysis

Segmentation Breakdown
Market Breakdown for Protective Relays and Circuit Breakers by Category
Protective Relays
Circuit Breakers
Market Breakdown by Protective Relay Type
Overcurrent Protection
Arc Flash Protection
Distance Protection
Line Differential Protection
Pilot Protection
Transformer Differential Protection
Voltage and Frequency Protection
Ground Fault/Earth Fault Protection
Buchholz Protection
Others
Market Breakdown by Circuit Breaker Type
Air Circuit Breakers (ACBs)
Miniature Circuit Breakers (MCBs)
Molded Case Circuit Breakers (MCCBs)
Vacuum Circuit Breakers
SF6 Circuit Breakers
Others
Market Breakdown for Protective Relays and Circuit Breakers by Application
Distribution Line Protection
Transmission Line Protection
Motor Protection
Generator Protection
Transformer Protection
Switchgear Protection
Others
Market Breakdown for Protective Relays and Circuit Breakers by Industry
Utilities
Industrial/Commercial
Residential
Market Breakdown for Protective Relays and Circuit Breakers by Voltage Type
High Voltage
Medium Voltage
Low Voltage
Geographic Breakdown
Market Breakdown for Protective Relays and Circuit Breakers by Region
North America
Europe
Asia-Pacific
Rest of the World

Chapter 6 Competitive Intelligence

Key Players Market Ranking
Strategic Analysis

Chapter 7 Sustainability in the Protective Relays and Circuit Breakers Industry: An ESG Perspective

Key ESG Issues in the Protective Relays and Circuit Breakers Market
Key Environmental Issues in Protective Relays and Circuit Breakers
Social Responsibility in Protective Relays and Circuit Breakers
Governance and Oversight in Protective Relays and Circuit Breakers
ESG Performance Analysis
Environmental Performance
Social Performance
Governance Performance
Current Status of ESG in the Protective Relays and Circuit Breakers Market
Concluding Remarks from BCC Research

Chapter 8 Appendix

Methodology
Abbreviations
References
Company Profiles
ABB
ANALOG DEVICES INC.
CG POWER & INDUSTRIAL SOLUTIONS LTD.
EATON
FANOX
FUJI ELECTRIC CO. LTD.
LITTELFUSE INC.
MITSUBISHI ELECTRIC CORP.
NOJA POWER SWITCHGEAR PTY LTD.
POWELL INDUSTRIES
ROCKWELL AUTOMATION
SALZER ELECTRONICS LTD.
SCHNEIDER ELECTRIC
SCHWEITZER ENGINEERING LABORATORIES INC.
SIEMENS
TE CONNECTIVITY
TOSHIBA CORP.
ZIV

Product Code: IAS157B

List of Tables

Summary Table : Global Market for Protective Relays and Circuit Breakers, by Category, Through 2029
Table 1 : Protective Relays and Circuit Breakers: Regulatory Bodies, Standards Organizations and Government Agencies, by Region, 2024
Table 2 : Latest Granted Patents, by Inventor or Assignee, July 2023-August 2024
Table 3 : Global Market for Protective Relays and Circuit Breakers, by Category, Through 2029
Table 4 : Global Market for Protective Relays, by Region, Through 2029
Table 5 : Global Market for Circuit Breakers, by Region, Through 2029
Table 6 : Global Market for Protective Relays, by Type, Through 2029
Table 7 : Global Market for Overcurrent Protection Relays, by Region, Through 2029
Table 8 : Global Market for Arc Flash Protection Relays, by Region, Through 2029
Table 9 : Global Market for Distance Protection Relays, by Region, Through 2029
Table 10 : Global Market for Line Differential Protection Relays, by Region, Through 2029
Table 11 : Global Market for Pilot Protection Relays, by Region, Through 2029
Table 12 : Global Market for Transformer Differential Protection Relays, by Region, Through 2029
Table 13 : Global Market for Voltage and Frequency Protection Relays, by Region, Through 2029
Table 14 : Global Market for Ground Fault/Earth Fault Protection Relays, by Region, Through 2029
Table 15 : Global Market for Buchholz Protection Relays, by Region, Through 2029
Table 16 : Global Market for Other Protective Relays, by Region, Through 2029
Table 17 : Global Market for Circuit Breakers, by Type, Through 2023
Table 18 : Global Market for Air Circuit Breakers (ACBs), by Region, Through 2029
Table 19 : Global Market for Miniature Circuit Breakers (MCBs), by Region, Through 2029
Table 20 : Global Market for Molded Case Circuit Breakers (MCCBs), by Region, Through 2029
Table 21 : Global Market for Vacuum Circuit Breakers, by Region, Through 2029
Table 22 : Global Market for SF₆ Circuit Breakers, by Region, Through 2029
Table 23 : Global Market for Other Circuit Breakers, by Region, Through 2029
Table 24 : Global Market for Protective Relays and Circuit Breakers, by Application, Through 2029
Table 25 : Global Market for Distribution Line Protection Applications in Protective Relays and Circuit Breakers, by Region, Through 2029
Table 26 : Global Market for Transmission Line Protection Applications in Protective Relays and Circuit Breakers, by Region, Through 2029
Table 27 : Global Market for Motor Protection Applications in Protective Relays and Circuit Breakers, by Region, Through 2029
Table 28 : Global Market for Generator Protection Applications in Protective Relays and Circuit Breakers, by Region, Through 2029
Table 29 : Global Market for Transformers Protection Applications in Protective Relays and Circuit Breakers, by Region, Through 2029
Table 30 : Global Market for Switchgear Protection Applications in Protective Relays and Circuit Breakers, by Region, Through 2029
Table 31 : Global Market for Other Applications in Protective Relays and Circuit Breakers, by Region, Through 2029
Table 32 : Global Market for Protective Relays and Circuit Breakers, by Industry, Through 2029
Table 33 : Global Market for Protective Relays and Circuit Breakers in the Utilities Sector, by Region, Through 2029
Table 34 : Global Market for Protective Relays and Circuit Breakers in the Industrial and Commercial Sector, by Region, Through 2029
Table 35 : Global Market for Protective Relays and Circuit Breakers in the Residential Sector, by Region, Through 2029
Table 36 : Global Market for Protective Relays and Circuit Breakers, by Voltage Type, Through 2029
Table 37 : Global Market for High Voltage Protective Relays and Circuit Breakers, by Region, Through 2029
Table 38 : Global Market for Medium Voltage Protective Relays and Circuit Breakers, by Region, Through 2029
Table 39 : Global Market for Low Voltage Protective Relays and Circuit Breakers, by Region, Through 2029
Table 40 : Global Market for Protective Relays and Circuit Breakers, by Region, Through 2029
Table 41 : North American Market for Protective Relays and Circuit Breakers, by Country, Through 2029
Table 42 : North American Market for Protective Relays and Circuit Breakers, by Category, Through 2029
Table 43 : North American Market for Protective Relays, by Type, Through 2029
Table 44 : North American Market for Circuit Breakers, by Type, Through 2029
Table 45 : North American Market for Protective Relays and Circuit Breakers, by Voltage Type, Through 2029
Table 46 : North American Market for Protective Relays and Circuit Breakers, by Industry, Through 2029
Table 47 : North American Market for Protective Relays and Circuit Breakers, by Application, Through 2029
Table 48 : European Market for Protective Relays and Circuit Breakers, by Country, Through 2029
Table 49 : European Market for Protective Relays and Circuit Breakers, by Category, Through 2029
Table 50 : European Market for Protective Relays, by Type, Through 2029
Table 51 : European Market for Circuit Breakers, by Type, Through 2029
Table 52 : European Market for Protective Relays and Circuit Breakers, by Voltage Type, Through 2029
Table 53 : European Market for Protective Relays and Circuit Breakers, by Industry, Through 2029
Table 54 : European Market for Protective Relays and Circuit Breakers, by Application, Through 2029
Table 55 : Asia-Pacific Market for Protective Relays and Circuit Breakers, by Country, Through 2029
Table 56 : Asia-Pacific Market for Protective Relays and Circuit Breakers, by Category, Through 2029
Table 57 : Asia-Pacific Market for Protective Relays, by Type, Through 2029
Table 58 : Asia-Pacific Market for Circuit Breakers, by Type, Through 2029
Table 59 : Asia-Pacific Market for Protective Relays and Circuit Breakers, by Voltage Type, Through 2029
Table 60 : Asia-Pacific Market for Protective Relays and Circuit Breakers, by Industry, Through 2029
Table 61 : Asia-Pacific Market for Protective Relays and Circuit Breakers, by Application, Through 2029
Table 62 : Rest of the World Market for Protective Relays and Circuit Breakers, by Category, Through 2029
Table 63 : Rest of the World Market for Protective Relays, by Type, Through 2029
Table 64 : Rest of the World Market for Circuit Breakers, by Type, Through 2029
Table 65 : Rest of the World Market for Protective Relays and Circuit Breakers, by Voltage Type, Through 2029
Table 66 : Rest of the World Market for Protective Relays and Circuit Breakers, by Industry, Through 2029
Table 67 : Rest of the World Market for Protective Relays and Circuit Breakers, by Application, Through 2029
Table 68 : Key Players Ranking in the Global Protective Relays and Circuit Breakers Market, 2023
Table 69 : Global Protective Relays and Circuit Breakers Market: Key Recent Developments, 2022-2024
Table 70 : Global Protective Relays and Circuit Breakers Market: Environmental Impact
Table 71 : Global Protective Relays and Circuit Breakers Market: Social Impact
Table 72 : Global Protective Relays and Circuit Breakers Market: Governance Impact
Table 73 : Global Protective Relays and Circuit Breakers Market: ESG Risk Ratings Metric, 2023
Table 74 : Abbreviations Used in the Report
Table 75 : ABB: Company Snapshot
Table 76 : ABB: Financial Performance, FY 2022 and 2023
Table 77 : ABB: Product Portfolio
Table 78 : ABB: News/Key Developments, 2023
Table 79 : Analog Devices Inc.: Company Snapshot
Table 80 : Analog Devices Inc.: Financial Performance, FY 2022 and 2023
Table 81 : Analog Devices Inc.: Product Portfolio
Table 82 : Analog Devices Inc.: News/Key Developments, 2023
Table 83 : CG Power & Industrial Solutions Ltd.: Company Snapshot
Table 84 : CG Power & Industrial Solutions Ltd.: Financial Performance, FY 2022 and 2023
Table 85 : CG Power & Industrial Solutions Ltd.: Product Portfolio
Table 86 : Eaton: Company Snapshot
Table 87 : Eaton: Financial Performance, FY 2022 and 2023
Table 88 : Eaton: Product Portfolio
Table 89 : Eaton: News/Key Developments, 2024
Table 90 : Fanox: Company Snapshot
Table 91 : Fanox: Product Portfolio
Table 92 : Fanox: News/Key Developments, 2024
Table 93 : Fuji Electric Co. Ltd.: Company Snapshot
Table 94 : Fuji Electric Co. Ltd.: Financial Performance, FY 2022 and 2023
Table 95 : Fuji Electric Co. Ltd.: Product Portfolio
Table 96 : Fuji Electric Co. Ltd.: News/Key Developments, 2024
Table 97 : Littelfuse Inc.: Company Snapshot
Table 98 : Littelfuse Inc.: Financial Performance, FY 2022 and 2023
Table 99 : Littelfuse Inc.: Product Portfolio
Table 100 : Littelfuse Inc.: News/Key Developments, 2023 and 2024
Table 101 : Mitsubishi Electric Corp.: Company Snapshot
Table 102 : Mitsubishi Electric Corp.: Financial Performance, FY 2022 and 2023
Table 103 : Mitsubishi Electric Corp.: Product Portfolio
Table 104 : Mitsubishi Electric Corp.: News/Key Developments, 2023
Table 105 : NOJA Power Switchgear Pty Ltd.: Company Snapshot
Table 106 : NOJA Power Switchgear Pty Ltd.: Product Portfolio
Table 107 : Powell Industries: Company Snapshot
Table 108 : Powell Industries: Financial Performance, FY 2022 and 2023
Table 109 : Powell Industries: Product Portfolio
Table 110 : Rockwell Automation: Company Snapshot
Table 111 : Rockwell Automation: Financial Performance, FY 2022 and 2023
Table 112 : Rockwell Automation: Product Portfolio
Table 113 : Rockwell Automation: News/Key Developments, 2023
Table 114 : Salzer Electronics Ltd.: Company Snapshot
Table 115 : Salzer Electronics Ltd.: Financial Performance, FY 2022 and 2023
Table 116 : Salzer Electronics Ltd.: Product Portfolio
Table 117 : Schneider Electric: Company Snapshot
Table 118 : Schneider Electric: Financial Performance, FY 2022 and 2023
Table 119 : Schneider Electric: Product Portfolio
Table 120 : Schneider Electric: News/Key Developments, 2024
Table 121 : Schweitzer Engineering Laboratories Inc.: Company Snapshot
Table 122 : Schweitzer Engineering Laboratories Inc.: Product Portfolio
Table 123 : Schweitzer Engineering Laboratories Inc.: News/Key Developments, 2023
Table 124 : Siemens: Company Snapshot
Table 125 : Siemens: Financial Performance, FY 2022 and 2023
Table 126 : Siemens: Product Portfolio
Table 127 : Siemens: News/Key Developments, 2024
Table 128 : TE Connectivity: Company Snapshot
Table 129 : TE Connectivity: Financial Performance, FY 2022 and 2023
Table 130 : TE Connectivity: Product Portfolio
Table 131 : TE Connectivity: News/Key Developments, 2023
Table 132 : Toshiba Corp.: Company Snapshot
Table 133 : Toshiba Corp.: Financial Performance, FY 2022 and 2023
Table 134 : Toshiba Corp.: Product Portfolio
Table 135 : Toshiba Corp.: News/Key Developments, 2024
Table 136 : ZIV: Company Snapshot
Table 137 : ZIV: Product Portfolio

List of Figures

Summary Figure : Global Market Shares of Protective Relays and Circuit Breakers, by Category, 2023
Figure 1 : Value Chain for Protective Relays and Circuit Breakers Market
Figure 2 : Market Dynamics: Global Protective Relays and Circuit Breakers Market
Figure 3 : Share of Published Patents and Patent Applications on Protective Relays and Circuit Breakers, by Applicants in Key Regions, July 2023-August 2024
Figure 4 : Global Market Shares of Protective Relays and Circuit Breakers, by Category, 2023
Figure 5 : Global Market Shares of Protective Relays, by Type, 2023
Figure 6 : Global Market Shares of Circuit Breakers, by Type, 2023
Figure 7 : Global Market Shares of Protective Relays and Circuit Breakers, by Application, 2023
Figure 8 : Global Market Shares of Protective Relays and Circuit Breakers, by Industry, 2023
Figure 9 : Global Market Shares of Protective Relays and Circuit Breakers, by Voltage Type, 2023
Figure 10 : Global Market Shares of Protective Relays and Circuit Breakers, by Region, 2023
Figure 11 : ABB: Revenue Share, by Business Unit, FY 2023
Figure 12 : ABB: Revenue Share, by Region, FY 2023
Figure 13 : Analog Devices Inc.: Revenue Share, by Business Unit, FY 2023
Figure 14 : Analog Devices Inc.: Revenue Share, by Country/Region, FY 2023
Figure 15 : CG Power & Industrial Solutions Ltd.: Revenue Share, by Business Unit, FY 2023
Figure 16 : CG Power & Industrial Solutions Ltd.: Revenue Share, by Region, FY 2023
Figure 17 : Eaton: Revenue Share, by Business Unit, FY 2023
Figure 18 : Eaton: Revenue Share, by Country/Region, FY 2023
Figure 19 : Fuji Electric Co. Ltd.: Revenue Share, by Business Unit, FY 2023
Figure 20 : Fuji Electric Co. Ltd.: Revenue Share, by Country/Region, FY 2023
Figure 21 : Littelfuse Inc.: Revenue Share, by Business Unit, FY 2023
Figure 22 : Littelfuse Inc.: Revenue Share, by Region, FY 2023
Figure 23 : Mitsubishi Electric Corp.: Revenue Share, by Business Unit, FY 2023
Figure 24 : Mitsubishi Electric Corp.: Revenue Share, by Country/Region, FY 2023
Figure 25 : Powell Industries: Revenue Share, by Business Unit, FY 2023
Figure 26 : Powell Industries: Revenue Share, by Country/Region, FY 2023
Figure 27 : Rockwell Automation: Revenue Share, by Business Unit, FY 2023
Figure 28 : Rockwell Automation: Revenue Share, by Country/Region, FY 2023
Figure 29 : Salzer Electronics Ltd.: Revenue Share, by Business Unit, FY 2023
Figure 30 : Salzer Electronics Ltd.: Revenue Share, by Country/Region, FY 2023
Figure 31 : Schneider Electric: Revenue Share, by Business Unit, FY 2023
Figure 32 : Schneider Electric: Revenue Share, by Region, FY 2023
Figure 33 : Siemens: Revenue Share, by Business Unit, FY 2023
Figure 34 : Siemens: Revenue Share, by Country/Region, FY 2023
Figure 35 : TE Connectivity: Revenue Share, by Business Unit, FY 2023
Figure 36 : TE Connectivity: Revenue Share, by Country/Region, FY 2023

Protective Relays and Circuit Breakers: Global Markets

Description

Table of Contents

List of Tables

Report Scope:

Report Includes:

Table of Contents

Chapter 1 Executive Summary

Chapter 2 Market Overview

Chapter 3 Market Dynamics

Chapter 4 Emerging Trends and Technologies

Chapter 5 Market Segmentation Analysis

Chapter 6 Competitive Intelligence

Chapter 7 Sustainability in the Protective Relays and Circuit Breakers Industry: An ESG Perspective

Chapter 8 Appendix

List of Tables

List of Figures