• Phone: +1-631-791-1145
  • Email: sales@imarcgroup.com

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Protective Relay Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

The global protective relay market grew at a CAGR of around 6% during 2014-2019. Protective relay refers to a mechanical or digital system that is installed in electrical circuits to minimize failures in motors, generators, and transformers. It receives inputs in the form of current, voltage, resistance, and temperature, compares them to set points, and provides the outputs in the form of indicator lights, control warnings or alarms. It also acts as a fault sensing device that gives the tripping command to the circuit breaker, thereby minimizing the damage caused to the other equipment or devices in the circuit. In comparison to the traditionally used protective relays, modern variants are microprocessor-based digital devices that are more efficient and cost-effective.

Rapid industrialization, along with the increasing demand for renewable energy sources from the power sector, is one of the key factors driving the growth of the market. The widespread adoption of renewable energy (RE) sources has further increased the product utilization at different functional levels in the smart grid network to avoid or mitigate power outages. Furthermore, the increasing construction of power substations across the globe is also providing a boost to the market growth. These substations supply electricity for commercial and domestic utilization and use protective relays to trigger alarm switches and circuit breakers during extreme voltage fluctuations. Additionally, the increasing complexities of electrical circuit designs have pushed the demand for protective relays to register over-current, over-voltage and under-frequency for reversing power flow and avoiding any major accidents. Other factors, including the rising awareness regarding safety in the power industry and extensive research and development (R&D) activities, are projected to drive the market further. Looking forward, IMARC Group expects the global protective relay market to continue its moderate growth during the next five years.

Breakup by Voltage:

  • High
  • Medium
  • Low
     

Breakup by Type:

  • Electromagnetic Relays
  • Solid-State Relays
  • Microprocessor Relays
  • Others
     

Breakup by Application:

  • Feeder Protection
  • Transformer Protection
  • Motors Protection
  • Generators Protection
  • Busbar Protection
  • Others
     

Breakup by End-Use:

  • Power Generation and Distribution
  • Industrial Equipments and Systems
  • Railways
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa


Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being ABB Ltd., Basler Electric Company, Bender GmbH & Co. KG, Eaton Corporation, Fanox Electronics, General Electric, Littelfuse Inc., Mitsubishi Electric Corporation, NR Electric Co. Ltd. (NARI Technology Development Limited Co.), Schneider Electric, Schweitzer Engineering Laboratories Inc., Siemens Aktiengesellschaft, Toshiba Corporation, Woodward Inc., etc.

Key Questions Answered in This Report:

  • How has the global protective relay market performed so far and how will it perform in the coming years?
  • What are the key regional markets?
  • What has been the impact of COVID-19 on the global protective relay market?
  • What is the breakup of the market based on the voltage?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end-use?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global protective relay market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Protective Relay Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Voltage
    6.1    High
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Medium
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Low
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Type
    7.1    Electromagnetic Relays
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Solid-State Relays
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Microprocessor Relays
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by Application
    8.1    Feeder Protection
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Transformer Protection
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Motor Protection
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Generator Protection
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Busbar Protection
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Others
        8.6.1 Market Trends
        8.6.2 Market Forecast
9    Market Breakup by End-Use
    9.1    Power Generation and Distribution
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Industrial Equipments and Systems
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Railways
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Others
        9.4.1 Market Trends
        9.4.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Indicators
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    ABB Ltd.
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio 
           15.3.1.3 Financials 
           15.3.1.4 SWOT Analysis
        15.3.2    Basler Electric Company
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio 
        15.3.3    Bender GmbH & Co. KG
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio 
        15.3.4    Eaton Corporation
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio 
           15.3.4.3 Financials 
           15.3.4.4 SWOT Analysis
        15.3.5    Fanox Electronics
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio 
        15.3.6    General Electric
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio 
           15.3.6.3 Financials 
           15.3.6.4 SWOT Analysis
        15.3.7    Littelfuse Inc.
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials 
        15.3.8    Mitsubishi Electric Corporation
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio 
           15.3.8.3 Financials 
           15.3.8.4 SWOT Analysis
        15.3.9    NR Electric Co. Ltd. (NARI Technology Development Limited Co.)
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
        15.3.10    Schneider Electric
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio 
           15.3.10.3 Financials 
           15.3.10.4 SWOT Analysis
        15.3.11    Schweitzer Engineering Laboratories Inc.
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio 
           15.3.11.3 SWOT Analysis
        15.3.12    Siemens Aktiengesellschaft
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio 
           15.3.12.3 Financials
           15.3.12.4 SWOT Analysis
        15.3.13    Toshiba Corporation
           15.3.13.1 Company Overview
           15.3.13.2 Product Portfolio 
           15.3.13.3 Financials
           15.3.13.4 SWOT Analysis
        15.3.14    Woodward Inc.
           15.3.14.1 Company Overview
           15.3.14.2 Product Portfolio 
           15.3.14.3 Financials
           15.3.14.4 SWOT Analysis

List of Figures

Figure 1: Global: Protective Relay Market: Major Drivers and Challenges
Figure 2: Global: Protective Relay Market: Sales Value (in Billion US$), 2014-2019
Figure 3: Global: Protective Relay Market: Breakup by Voltage (in %), 2019
Figure 4: Global: Protective Relay Market: Breakup by Type (in %), 2019
Figure 5: Global: Protective Relay Market: Breakup by Application (in %), 2019
Figure 6: Global: Protective Relay Market: Breakup by End-Use (in %), 2019
Figure 7: Global: Protective Relay Market: Breakup by Region (in %), 2019
Figure 8: Global: Protective Relay Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 9: Global: Protective Relay (High) Market: Sales Value (in Million US$), 2014 & 2019
Figure 10: Global: Protective Relay (High) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 11: Global: Protective Relay (Medium) Market: Sales Value (in Million US$), 2014 & 2019
Figure 12: Global: Protective Relay (Medium) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 13: Global: Protective Relay (Low) Market: Sales Value (in Million US$), 2014 & 2019
Figure 14: Global: Protective Relay (Low) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 15: Global: Protective Relay (Electromagnetic Relays) Market: Sales Value (in Million US$), 2014 & 2019
Figure 16: Global: Protective Relay (Electromagnetic Relays) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 17: Global: Protective Relay (Solid-State Relays) Market: Sales Value (in Million US$), 2014 & 2019
Figure 18: Global: Protective Relay (Solid-State Relays) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 19: Global: Protective Relay (Microprocessor Relays) Market: Sales Value (in Million US$), 2014 & 2019
Figure 20: Global: Protective Relay (Microprocessor Relays) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 21: Global: Protective Relay (Other Types) Market: Sales Value (in Million US$), 2014 & 2019
Figure 22: Global: Protective Relay (Other Types) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 23: Global: Protective Relay (Feeder Protection) Market: Sales Value (in Million US$), 2014 & 2019
Figure 24: Global: Protective Relay (Feeder Protection) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 25: Global: Protective Relay (Transformer Protection) Market: Sales Value (in Million US$), 2014 & 2019
Figure 26: Global: Protective Relay (Transformer Protection) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 27: Global: Protective Relay (Motors Protection) Market: Sales Value (in Million US$), 2014 & 2019
Figure 28: Global: Protective Relay (Motors Protection) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 29: Global: Protective Relay (Generators Protection) Market: Sales Value (in Million US$), 2014 & 2019
Figure 30: Global: Protective Relay (Generators Protection) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 31: Global: Protective Relay (Busbar Protection) Market: Sales Value (in Million US$), 2014 & 2019
Figure 32: Global: Protective Relay (Busbar Protection) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 33: Global: Protective Relay (Other Applications) Market: Sales Value (in Million US$), 2014 & 2019
Figure 34: Global: Protective Relay (Other Applications) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 35: Global: Protective Relay (Power Generation and Distribution) Market: Sales Value (in Million US$), 2014 & 2019
Figure 36: Global: Protective Relay (Power Generation and Distribution) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 37: Global: Protective Relay (Industrial Equipments and Systems) Market: Sales Value (in Million US$), 2014 & 2019
Figure 38: Global: Protective Relay (Industrial Equipments and Systems) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 39: Global: Protective Relay (Railways) Market: Sales Value (in Million US$), 2014 & 2019
Figure 40: Global: Protective Relay (Railways) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 41: Global: Protective Relay (Other Uses) Market: Sales Value (in Million US$), 2014 & 2019
Figure 42: Global: Protective Relay (Other Uses) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 43: North America: Protective Relay Market: Sales Value (in Million US$), 2014 & 2019
Figure 44: North America: Protective Relay Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 45: United States: Protective Relay Market: Sales Value (in Million US$), 2014 & 2019
Figure 46: United States: Protective Relay Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 47: Canada: Protective Relay Market: Sales Value (in Million US$), 2014 & 2019
Figure 48: Canada: Protective Relay Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 49: Asia Pacific: Protective Relay Market: Sales Value (in Million US$), 2014 & 2019
Figure 50: Asia Pacific: Protective Relay Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 51: China: Protective Relay Market: Sales Value (in Million US$), 2014 & 2019
Figure 52: China: Protective Relay Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 53: Japan: Protective Relay Market: Sales Value (in Million US$), 2014 & 2019
Figure 54: Japan: Protective Relay Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 55: India: Protective Relay Market: Sales Value (in Million US$), 2014 & 2019
Figure 56: India: Protective Relay Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 57: South Korea: Protective Relay Market: Sales Value (in Million US$), 2014 & 2019
Figure 56: South Korea: Protective Relay Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 58: Australia: Protective Relay Market: Sales Value (in Million US$), 2014 & 2019
Figure 59: Australia: Protective Relay Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 60: Indonesia: Protective Relay Market: Sales Value (in Million US$), 2014 & 2019
Figure 61: Indonesia: Protective Relay Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 62: Others: Protective Relay Market: Sales Value (in Million US$), 2014 & 2019
Figure 63: Others: Protective Relay Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 64: Europe: Protective Relay Market: Sales Value (in Million US$), 2014 & 2019
Figure 65: Europe: Protective Relay Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 66: Germany: Protective Relay Market: Sales Value (in Million US$), 2014 & 2019
Figure 67: Germany: Protective Relay Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 68: France: Protective Relay Market: Sales Value (in Million US$), 2014 & 2019
Figure 69: France: Protective Relay Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 70: United Kingdom: Protective Relay Market: Sales Value (in Million US$), 2014 & 2019
Figure 71: United Kingdom: Protective Relay Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 72: Italy: Protective Relay Market: Sales Value (in Million US$), 2014 & 2019
Figure 73: Italy: Protective Relay Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 74: Spain: Protective Relay Market: Sales Value (in Million US$), 2014 & 2019
Figure 75: Spain: Protective Relay Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 76: Russia: Protective Relay Market: Sales Value (in Million US$), 2014 & 2019
Figure 77: Russia: Protective Relay Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 78: Others: Protective Relay Market: Sales Value (in Million US$), 2014 & 2019
Figure 79: Others: Protective Relay Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 80: Latin America: Protective Relay Market: Sales Value (in Million US$), 2014 & 2019
Figure 81: Latin America: Protective Relay Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 82: Brazil: Protective Relay Market: Sales Value (in Million US$), 2014 & 2019
Figure 83: Brazil: Protective Relay Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 84: Mexico: Protective Relay Market: Sales Value (in Million US$), 2014 & 2019
Figure 85: Mexico: Protective Relay Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 86: Others: Protective Relay Market: Sales Value (in Million US$), 2014 & 2019
Figure 87: Others: Protective Relay Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 88: Middle East and Africa: Protective Relay Market: Sales Value (in Million US$), 2014 & 2019
Figure 89: Middle East and Africa: Protective Relay Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 90: Global: Protective Relay Industry: SWOT Analysis
Figure 91: Global: Protective Relay Industry: Value Chain Analysis
Figure 92: Global: Protective Relay Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Protective Relay Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Protective Relay Market Forecast: Breakup by Voltage (in Million US$), 2020-2025
Table 3: Global: Protective Relay Market Forecast: Breakup by Type (in Million US$), 2020-2025
Table 4: Global: Protective Relay Market Forecast: Breakup by Application (in Million US$), 2020-2025
Table 5: Global: Protective Relay Market Forecast: Breakup by End-Use (in Million US$), 2020-2025
Table 6: Global: Protective Relay Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 7: Global: Protective Relay Market Structure
Table 8: Global: Protective Relay Market: Key Players

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