Protective Relay Market Eminent players across the protective relay market are ABB, General Electric, Mitsubishi Electric, Schneider Electrics, Toshiba, Fanox Electronics, Siemens, Littlefuse, Basler Electric, Schweitzer Engineering and others
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Solid state protective relay market (SSR) is anticipated to witness upsurge owing to minimal electrical disturbance followed by quick response time when compared to conventional electromechanical relays (EMR). Lower power dissipation, order of magnitude coupled with heat control will augment the EMR product demand. However, low power consumption for switching loads and cost-effective structure are major factors which will positively influence the product penetration.
Feeder protection relay offers fault protection, safe & secure power transmission along with minimal cable damage which will positively influence the product penetration. Ongoing technological innovation coupled with rapid investment in account of switching capabilities and positional sensitivity will augment the industry outlook. Furthermore, self-checking facility, fast fiber optical communication with substation LAN coupled with adaptive time stamping will complement the protective relay market.
Protective relay market is anticipated to witness growth on account of rising inclination towards renewable integration and increasing energy demand from developing regions. As per European commission, government investment in renewable sources between 2020 and 2050 will enhance the installation of protective relays across the region.
Furthermore, increase in global power production along with escalating manufacturing growth capacity will augment the product demand.
Rise in residential infrastructure demand owing to increasing population will stimulate power transmission networks. The apparent upsurge in peak load, compelled utilities to upgrade and upscale domestic electric supply to ensure reliability & minimize damage to the grids will positively influence the protective relay market.
Stringent government regulations followed by high installation cost will restrain the product penetration. However, producers & suppliers have continuously been restructuring their research and innovation investments to augment product portfolio. In addition, foreign direct investments from leading players to install a reliable technological platform will positively influence the protective relay market.
Eminent players across the protective relay market are ABB, General Electric, Mitsubishi Electric, Schneider Electrics, Toshiba, Fanox Electronics, Siemens, Littlefuse, Basler Electric, Schweitzer Engineering and others.
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Technological collaboration, mergers & acquisition, government and private partner investments, foreign direct investments, application focused research & innovation and product assortment will be the prime strategies by major industry players which in turn will escalate protective relay market growth.
What Information does this report contain?
• Historical data coverage: 2014 to 2018.
• Growth Projections: 2019 to 2025.
• Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
• 6-7-year performance forecasts: major segments covering applications, top products and geographies.
• Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.
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The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:
• Definition and scope of research
• Market dynamics, growth drivers and industry pitfalls
• Regulatory and political guidelines for the industry
• Demographics and statistical data
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