Protective Relay Market Size, Industry Trends, Leading Players, Share and Forecast 2019-2025

In electrical engineering, a protective relay is a relay device designed to trip a circuit breaker when a fault is detected. It helps isolate identified faulty parts from the rest of the circuit, protects motors and circuit breakers, and provides system information to aid in power system management. Protection relay features include reliability, speed, and sensitivity. The principle of operation of the protective relay depends on the electromagnetic attraction, and the relay works on both AC and DC power supplies.

The global protection relay market size is expected to reach with a CAGR of 5.0 % in 2019-2025. The global protection relay market will witness significant growth by adding renewable capacity, substation automation, and replacing older electromechanical relays with new and advanced microprocessor based relays.

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The following players are covered in this report:

• ABB
• Doble Engineering
• Eaton
• Fanox
• General Electric
• Mitsubishi Electric
• NR Electric
• Schneider Electric
• Siemens
• Toshiba

Protective Relay Market Segmentation by Type

• Low Power
• Medium Power
• High Power

Protective Relay Market Segmentation by Application

• Industrial
• Utilities
• Infrastructure
• Others

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Scope of the Report

The research study analyses the global Protective Relay industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Protective Relay Market Report

1. What was the Protective Relay Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
2. What will be the CAGR of Protective Relay Market during the forecast period (2019-2025)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2019-2025).
4. Which manufacturer/vendor/players in the Protective Relay Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

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This release was published on openPR.