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PUBLISHER: Grand View Research | PRODUCT CODE: 1404647
PUBLISHER: Grand View Research | PRODUCT CODE: 1404647
Protective Relay Market Size, Share & Trends Analysis Report By Voltage (2 Low, Medium, High), By Application, By End Use (Infrastructure, Industrial, Government, Power, Others), By Region, And Segment Forecasts, 2023 - 2030
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PAGES: 150 Pages
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Protective Relay Market Growth & Trends:
The global protective relay market is expected to reach USD 5.09 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.2% from 2023 to 2030. Mounting investments in the transmission & distribution networks to replace the old equipment is expected to be a major factor expected to spur the growth over the forecast period. The intensifying intricacy of electrical systems has made it inevitable to incorporate protective devices for power systems safety. The growing electricity generation capacity to meet the growing population's electricity demand is estimated to act as a key driver augmenting market demand. Nevertheless, the cost concomitant with the setup & maintenance of these relays is estimated to challenge the industry over the near future.
The global protective relay market is anticipated to witness high growth over the forecast period. This may be accredited to continuous population growth along with the mounting regional power consumption in Asia Pacific. The rising importance of smart grid technology coupled with an upsurge in renewable energy projects is expected to further catapult protective relay demand over the next eight years. For instance, after the earthquake and tsunami in 2011, in Japan, the government decided to reduce the energy supply gap by augmenting renewable energy generation.
Protective Relay Market Report Highlights:
- The medium voltage segment held the largest market share of 45.7% in 2022. The high share is attributed to an increase in the application of medium voltage protective relays in power systems and substations.
- The feeder protection segment dominated the market with the highest revenue share of 28.7% in 2022. This is primarily due to the criticality of the transmission & distribution networks to safeguard the overhead cables required for the electricity transmission
- The power segment dominated the market with the highest revenue share of 31.8% in 2022. Industrial development and the global upsurge in power production capacity are projected to augment the protective relay.
- Asia Pacific dominated the market with the largest revenue share of 31.0% in 2022. North America is expected to grow at a significant CAGR of 5.7% during the forecast period.
Product Code: GVR-1-68038-265-5
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Voltage
- 1.1.2. Application
- 1.1.3. End use
- 1.1.4. Regional scope
- 1.1.5. Estimates and forecast timeline
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.3.3. Secondary route of administrations
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.4. Information or Data Analysis
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.7. List of Secondary Sources
- 1.8. List of Primary Sources
- 1.9. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Voltage outlook
- 2.2.2. Application outlook
- 2.2.3. End use outlook
- 2.2.4. Regional outlook
- 2.3. Competitive Insights
Chapter 3. Protective Relay Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent market outlook
- 3.1.2. Related/ancillary market outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Market Dynamics
- 3.3.1. Market driver analysis
- 3.3.2. Market restraint analysis
- 3.4. Protective Relay Market Analysis Tools
- 3.4.1. Industry Analysis - Porter's
- 3.4.1.1. Supplier power
- 3.4.1.2. Buyer power
- 3.4.1.3. Substitution threat
- 3.4.1.4. Threat of new entrant
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Technological landscape
- 3.4.2.3. Economic landscape
- 3.4.1. Industry Analysis - Porter's
Chapter 4. Protective Relay Market: Voltage Estimates & Trend Analysis
- 4.1. Protective Relay Market: Key Takeaways
- 4.2. Protective Relay Market: Movement & Market Share Analysis, 2022 & 2030
- 4.3. Low voltage
- 4.3.1. Low voltage market estimates and forecasts, 2017 to 2030 (USD Million)
- 4.4. Medium voltage
- 4.4.1. Medium voltage market estimates and forecasts, 2017 to 2030 (USD Million)
- 4.5. High voltage
- 4.5.1. High voltage market estimates and forecasts, 2017 to 2030 (USD Million)
Chapter 5. Protective Relay Market: Application Estimates & Trend Analysis
- 5.1. Protective Relay Market: Key Takeaways
- 5.2. Protective Relay Market: Movement & Market Share Analysis, 2022 & 2030
- 5.3. Feeder protection
- 5.3.1. Feeder protection market estimates and forecasts, 2017 to 2030 (USD Million)
- 5.4. Generator protection
- 5.4.1. Generator protection market estimates and forecasts, 2017 to 2030 (USD Million)
- 5.5. Bus-bar protection
- 5.5.1. Bus-bar protection market estimates and forecasts, 2017 to 2030 (USD Million)
- 5.6. Capacitor bank protection
- 5.6.1. Capacitor bank protection market estimates and forecasts, 2017 to 2030 (USD Million)
- 5.7. Transformer protection
- 5.7.1. Transformer protection market estimates and forecasts, 2017 to 2030 (USD Million)
- 5.8. Breaker protection
- 5.8.1. Breaker protection market estimates and forecasts, 2017 to 2030 (USD Million)
- 5.9. Others
- 5.9.1. Others market estimates and forecasts, 2017 to 2030 (USD Million)
Chapter 6. Protective Relay Market: End Use Estimates & Trend Analysis
- 6.1. Protective Relay Market: Key Takeaways
- 6.2. Protective Relay Market: Movement & Market Share Analysis, 2022 & 2030
- 6.3. Infrastructure
- 6.3.1. Infrastructure market estimates and forecasts, 2017 to 2030 (USD Million)
- 6.4. Industrial
- 6.4.1. Industrial market estimates and forecasts, 2017 to 2030 (USD Million)
- 6.5. Government
- 6.5.1. Government market estimates and forecasts, 2017 to 2030 (USD Million)
- 6.6. Power
- 6.6.1. Power market estimates and forecasts, 2017 to 2030 (USD Million)
- 6.7. Others
- 6.7.1. Others market estimates and forecasts, 2017 to 2030 (USD Million)
Chapter 7. Protective Relay Market: Regional Estimates & Trend Analysis
- 7.1. Regional Outlook
- 7.2. Protective Relay Market by Region: Key Takeaway
- 7.3. North America
- 7.3.1. Market estimates and forecasts, 2017 - 2030 (Revenue, USD Million)
- 7.3.2. U.S.
- 7.3.2.1. Market estimates and forecasts, 2017 - 2030 (Revenue, USD Million)
- 7.3.3. Canada
- 7.3.3.1. Market estimates and forecasts, 2017 - 2030 (Revenue, USD Million)
- 7.4. Europe
- 7.4.1. UK
- 7.4.1.1. Market estimates and forecasts, 2017 - 2030 (Revenue, USD Million)
- 7.4.2. Germany
- 7.4.2.1. Market estimates and forecasts, 2017 - 2030 (Revenue, USD Million)
- 7.4.3. France
- 7.4.3.1. Market estimates and forecasts, 2017 - 2030 (Revenue, USD
- 7.4.1. UK
- 7.5. Asia Pacific
- 7.5.1. Japan
- 7.5.1.1. Market estimates and forecasts, 2017 - 2030 (Revenue, USD Million)
- 7.5.2. China
- 7.5.2.1. Market estimates and forecasts, 2017 - 2030 (Revenue, USD Million)
- 7.5.3. India
- 7.5.3.1. Market estimates and forecasts, 2017 - 2030 (Revenue, USD Million)
- 7.5.4. Australia
- 7.5.4.1. Market estimates and forecasts, 2017 - 2030 (Revenue, USD Million)
- 7.5.5. South Korea
- 7.5.5.1. Market estimates and forecasts, 2017 - 2030 (Revenue, USD Million)
- 7.5.1. Japan
- 7.6. Latin America
- 7.6.1. Brazil
- 7.6.1.1. Market estimates and forecasts, 2017 - 2030 (Revenue, USD Million)
- 7.6.2. Mexico
- 7.6.2.1. Market estimates and forecasts, 2017 - 2030 (Revenue, USD Million)
- 7.6.1. Brazil
- 7.7. MEA
- 7.7.1. South Africa
- 7.7.1.1. Market estimates and forecasts, 2017 - 2030 (Revenue, USD Million)
- 7.7.2. Saudi Arabia
- 7.7.2.1. Market estimates and forecasts, 2017 - 2030 (Revenue, USD Million)
- 7.7.3. UAE
- 7.7.3.1. Market estimates and forecasts, 2017 - 2030 (Revenue, USD Million)
- 7.7.1. South Africa
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Market Participant Categorization
- 8.2.1. ABB
- 8.2.1.1. Company overview
- 8.2.1.2. Financial performance
- 8.2.1.3. Product benchmarking
- 8.2.1.4. Strategic initiatives
- 8.2.2. Doble Engineering Company
- 8.2.2.1. Company overview
- 8.2.2.2. Financial performance
- 8.2.2.3. Product benchmarking
- 8.2.2.4. Strategic initiatives
- 8.2.3. Eaton
- 8.2.3.1. Company overview
- 8.2.3.2. Financial performance
- 8.2.3.3. Product benchmarking
- 8.2.3.4. Strategic initiatives
- 8.2.4. Fanox
- 8.2.4.1. Company overview
- 8.2.4.2. Financial performance
- 8.2.4.3. Product benchmarking
- 8.2.4.4. Strategic initiatives
- 8.2.5. Mitsubishi Electric Corporation
- 8.2.5.1. Company overview
- 8.2.5.2. Financial performance
- 8.2.5.3. Product benchmarking
- 8.2.5.4. Strategic initiatives
- 8.2.6. General Electric
- 8.2.6.1. Company overview
- 8.2.6.2. Financial performance
- 8.2.6.3. Product benchmarking
- 8.2.6.4. Strategic initiatives
- 8.2.6.5.
- 8.2.7. NR Electric Co., Ltd.
- 8.2.7.1. Company overview
- 8.2.7.2. Financial performance
- 8.2.7.3. Product benchmarking
- 8.2.7.4. Strategic initiatives
- 8.2.8. Seimens
- 8.2.8.1. Company overview
- 8.2.8.2. Financial performance
- 8.2.8.3. Product benchmarking
- 8.2.8.4. Strategic initiatives
- 8.2.9. Schneider Electric
- 8.2.9.1. Company overview
- 8.2.9.2. Financial performance
- 8.2.9.3. Product benchmarking
- 8.2.9.4. Strategic initiatives
- 8.2.10. Schweitzer Engineering Laboratories, Inc.
- 8.2.10.1. Company overview
- 8.2.10.2. Financial performance
- 8.2.10.3. Product benchmarking
- 8.2.10.4. Strategic initiatives
- 8.2.11. TIEPCO
- 8.2.11.1. Company overview
- 8.2.11.2. Financial performance
- 8.2.11.3. Product benchmarking
- 8.2.11.4. Strategic initiatives
- 8.2.12. ZIV
- 8.2.12.1. Company overview
- 8.2.12.2. Financial performance
- 8.2.12.3. Product benchmarking
- 8.2.12.4. Strategic initiatives
- 8.2.13. ZIV TOSHIBA CORPORATION
- 8.2.13.1. Company overview
- 8.2.13.2. Financial performance
- 8.2.13.3. Product benchmarking
- 8.2.13.4. Strategic initiatives
- 8.2.1. ABB
Product Code: GVR-1-68038-265-5
List of Tables
- Table 1 List of abbreviations
- Table 2 North America protective relay market, by voltage, 2017 - 2030 (USD Million)
- Table 3 North America protective relay market, by application, 2017 - 2030 (USD Million)
- Table 4 North America protective relay market, by end use, 2017 - 2030 (USD Million)
- Table 5 North America protective relay market, by region, 2017 - 2030 (USD Million)
- Table 6 U.S. protective relay market, by voltage, 2017 - 2030 (USD Million)
- Table 7 U.S. protective relay market, by application, 2017 - 2030 (USD Million)
- Table 8 U.S. protective relay market, by end use, 2017 - 2030 (USD Million)
- Table 9 Canada protective relay market, by voltage, 2017 - 2030 (USD Million)
- Table 10 Canada protective relay market, by application, 2017 - 2030 (USD Million)
- Table 11 Canada protective relay market, by end use, 2017 - 2030 (USD Million)
- Table 12 Europe protective relay market, by voltage, 2017 - 2030 (USD Million)
- Table 13 Europe protective relay market, by application, 2017 - 2030 (USD Million)
- Table 14 Europe protective relay market, by end use, 2017 - 2030 (USD Million)
- Table 15 Europe protective relay market, by region, 2017 - 2030 (USD Million)
- Table 16 Germany protective relay market, by voltage, 2017 - 2030 (USD Million)
- Table 17 Germany protective relay market, by application, 2017 - 2030 (USD Million)
- Table 18 Germany protective relay market, by end use, 2017 - 2030 (USD Million)
- Table 19 UK protective relay market, by voltage, 2017 - 2030 (USD Million)
- Table 20 UK protective relay market, by application, 2017 - 2030 (USD Million)
- Table 21 UK protective relay market, by end use, 2017 - 2030 (USD Million)
- Table 22 France protective relay market, by voltage, 2017 - 2030 (USD Million)
- Table 23 France protective relay market, by application, 2017 - 2030 (USD Million)
- Table 24 France protective relay market, by end use, 2017 - 2030 (USD Million)
- Table 25 Asia Pacific protective relay market, by voltage, 2017 - 2030 (USD Million)
- Table 26 Asia Pacific protective relay market, by application, 2017 - 2030 (USD Million)
- Table 27 Asia Pacific protective relay market, by end use, 2017 - 2030 (USD Million)
- Table 28 Asia Pacific protective relay market, by region, 2017 - 2030 (USD Million)
- Table 29 Japan protective relay market, by voltage, 2017 - 2030 (USD Million)
- Table 30 Japan protective relay market, by application, 2017 - 2030 (USD Million)
- Table 31 Japan protective relay market, by end use, 2017 - 2030 (USD Million)
- Table 32 China protective relay market, by voltage, 2017 - 2030 (USD Million)
- Table 33 China protective relay market, by application, 2017 - 2030 (USD Million)
- Table 34 China protective relay market, by end use, 2017 - 2030 (USD Million)
- Table 35 India protective relay market, by voltage, 2017 - 2030 (USD Million)
- Table 36 India protective relay market, by application, 2017 - 2030 (USD Million)
- Table 37 India protective relay market, by end use, 2017 - 2030 (USD Million)
- Table 38 Australia protective relay market, by voltage, 2017 - 2030 (USD Million)
- Table 39 Australia protective relay market, by application, 2017 - 2030 (USD Million)
- Table 40 Australia protective relay market, by end use, 2017 - 2030 (USD Million)
- Table 41 South Korea protective relay market, by voltage, 2017 - 2030 (USD Million)
- Table 42 South Korea protective relay market, by application, 2017 - 2030 (USD Million)
- Table 43 South Korea protective relay market, by end use, 2017 - 2030 (USD Million)
- Table 44 Latin America protective relay market, by voltage, 2017 - 2030 (USD Million)
- Table 45 Latin America protective relay market, by application, 2017 - 2030 (USD Million)
- Table 46 Latin America protective relay market, by end use, 2017 - 2030 (USD Million)
- Table 47 Latin America protective relay market, by region, 2017 - 2030 (USD Million)
- Table 48 Brazil protective relay market, by voltage, 2017 - 2030 (USD Million)
- Table 49 Brazil protective relay market, by application, 2017 - 2030 (USD Million)
- Table 50 Brazil protective relay market, by end use, 2017 - 2030 (USD Million)
- Table 51 Mexico protective relay market, by voltage, 2017 - 2030 (USD Million)
- Table 52 Mexico protective relay market, by application, 2017 - 2030 (USD Million)
- Table 53 Mexico protective relay market, by end use, 2017 - 2030 (USD Million)
- Table 54 Middle East and Africa protective relay market, by voltage, 2017 - 2030 (USD Million)
- Table 55 Middle East and Africa protective relay market, by application, 2017 - 2030 (USD Million)
- Table 56 Middle East and Africa protective relay market, by end use, 2017 - 2030 (USD Million)
- Table 57 Middle East and Africa protective relay market, by region, 2017 - 2030 (USD Million)
- Table 58 South Africa protective relay market, by voltage, 2017 - 2030 (USD Million)
- Table 59 South Africa protective relay market, by application, 2017 - 2030 (USD Million)
- Table 60 South Africa protective relay market, by end use, 2017 - 2030 (USD Million)
- Table 61 Saudi Arabia protective relay market, by voltage, 2017 - 2030 (USD Million)
- Table 62 Saudi Arabia protective relay market, by application, 2017 - 2030 (USD Million)
- Table 63 Saudi Arabia protective relay market, by end use, 2017 - 2030 (USD Million)
- Table 64 UAE protective relay market, by voltage, 2017 - 2030 (USD Million)
- Table 65 UAE protective relay market, by application, 2017 - 2030 (USD Million)
- Table 66 UAE protective relay market, by end use, 2017 - 2030 (USD Million)
List of Figures
- Fig. 1 Market research process
- Fig. 2 Data triangulation techniques
- Fig. 3 Primary research pattern
- Fig. 4 Market research approaches
- Fig. 5 Value-chain-based sizing & forecasting
- Fig. 6 QFD modeling for market share assessment
- Fig. 7 Market formulation & validation
- Fig. 8 Protective relay: Market outlook
- Fig. 9 Protective relay: Competitive insights
- Fig. 10 Parent market outlook
- Fig. 11 Related/ancillary market outlook
- Fig. 12 Penetration and growth prospect mapping
- Fig. 13 Industry value chain analysis
- Fig. 14 Protective relay market driver impact
- Fig. 15 Protective relay market restraint impact
- Fig. 16 Protective relay market strategic initiatives analysis
- Fig. 17 Protective relay market: Voltage movement analysis
- Fig. 18 Protective relay market: Voltage outlook and key takeaways
- Fig. 19 Low voltage market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 20 Medium voltage market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 21 High voltage market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 22 Protective relay market: Application movement analysis
- Fig. 23 Protective relay market: Application outlook and key takeaways
- Fig. 24 Feeder protection market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 25 Generator protection market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 26 Bus-bar protection market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 27 Capacitor bank protection market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 28 Breaker protection market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 29 Transformer protection market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 30 Others market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 31 Protective relay market: End use movement analysis
- Fig. 32 Protective relay market: End use outlook and key takeaways
- Fig. 33 Infrastructure market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 34 Industrial market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 35 Government market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 36 Power market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 37 Others market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 38 Global protective relay market: Regional movement analysis
- Fig. 39 Global protective relay market: Regional outlook and key takeaways
- Fig. 40 North America market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 41 U.S. market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 42 Canada market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 43 Europe market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 44 UK market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 45 Germany market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 46 France market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 47 Asia Pacific market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 48 Japan market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 49 China market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 50 India market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 51 Australia market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 52 South Korea market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 53 Latin America market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 54 Brazil market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 55 Mexico market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 56 Middle East and Africa market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 57 Saudi Arabia market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 58 South Africa market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 59 UAE market estimates and forecasts, 2017 - 2030 (USD Million)
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