Protective Relay Market to Witness Huge Growth by Key Players: ABB, GE, Schneider Electric, Siemens, SEL, Eaton, Nr Electric, Larsen & Toubro, Toshiba and Others.

According to Market Study Report, Protective Relay Market provides a comprehensive analysis of the Protective Relay Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, technological trends and emerging opportunities of global industry. This report also provides market landscape and market share information in the Protective Relay Market. An exclusive data offered in this report is collected by research and industry experts team.

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The Global Protective Relay Market is projected to reach USD 2.7 Billion by 2025 from an estimated market size of USD 2.0 Billion in 2020, at a CAGR of 5.7% during the forecast period. This report spread across 165 pages, profiling 20 companies and supported with 109 tables and 43 figures are now available in this research.

Top Key Players Profiled in the Protective Relay Market:
o ABB (Switzerland)
o GE (US)
o Schneider Electric (France)
o Siemens (Germany)
o SEL (US)

"The low voltage segment, by voltage, is expected to grow at the highest rate in the forecast period"
The low voltage segment is expected to grow at the highest rate in the forecast period. Low voltage relays are used in low voltage applications in utilities and other applications like motors and lifts in industrial and commercial buildings. The increasing focus on industrial and commercial activity will drive the long term growth of this segment all over the world, particularly in Asia Pacific.

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"The Utility segment, by end-user, is expected to grow at the highest rate during the forecast period"
The three-phase segment is estimated to grow at the highest rate of all segments during the forecast period. New distribution network and grid expansion projects, replacement of old electro mechanical protective relays with new and more advanced numeric relays, substation automation for improved power quality, and implementation of smart grids for better grid management are expected to drive the segment.

"Asia Pacific is expected to lead the global protective relay market in terms of market size"
Asia Pacific is currently the largest protective relay market, followed by North America and Europe. The growth of a protective relay market in Asia Pacific can be attributed to the increasing demand for electrical energy due to urbanization and industrialization, distribution network upgrade, and the increasing renewable energy sector.

Breakdown of primary participants' profile:
o By Company Type: Tier I: 60%, Tier II: 27%, and Tier III: 13%
o By Designation: C-Level: 35%, Director Level: 25%, and Others: 40%
o By Region: Asia Pacific:40%, North America:20%, Europe:18%,RoW: 16%, South America:6%,

Competitive Landscape of Protective Relay Market:
1 Overview
2 Competitive Leadership Mapping (Overall Market)
2.1 Visionary Leaders
2.2 Innovators
2.3 Dynamic Differentiators
2.4 Emerging
3 Market Share, 2019
4 Competitive Scenario
4.1 New Product Launches
4.2 Investments & Expansions
4.3 Merger & Acquisitions
4.4 Contracts & Agreements
4.5 Others

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Research Coverage:
The report defines, describes, and forecasts the global protective relay market by voltage, end-user, technology, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include the analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the protective relay market.

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