Distribution Feeder Protection System Market to Grow at 6% Annually from 2017 to 2023

Market Highlights:

Market Research Future published a Half Cooked Research Report on Global Distribution Feeder Protection System Market. The Distribution Feeder Protection System Market is expected to grow over the CAGR of around 6% during the period 2017 to 2023.

The distribution feeder protection system is used in substations & distribution transformer, that safeguard from potential hazard such as lightening causing flash-over, blackout, strong wind blowing tree branches into electric lines, transmission line tower flash-over, transformer failure and generator failure. A distribution feeder protection system comprise of fuses, sensors and interconnections. Distribution feeder protection systems are highly receptive to fault conditions, reliable and selective in isolating minimum amount of system and interrupt service to fewest customer with minimizing system & apparatus damage.

Distribution feeder protection systems are widely used in power plants, industrial plants and conventional electric utility companies. The growing demand for electricity and the unstable electricity supply situation in most developing countries will aid in the growth of the distribution feeder protection system market over the forecast period. The expensive power distribution system and its infrastructure needs protection from potential hazards that the distribution feeder protection system provides.
However, the high price of feeder protection system and high maintenance cost of distribution feeder protection system will restrain the market to some extent.

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Key Players:

The key players of global distribution feeder protection system market are ABB Group (Switzerland), Siemens Ltd. (Germany), General Electric Company (USA), Crompton Greaves Ltd. (India), Toshiba Corporation (Japan), Basler Electric Company (USA), Mitsubishi Electric Corporation (Japan), Schweitzer Engineering Laboratories, Inc. (USA), Littelfuse, Inc. (USA), Schneider Electric SA (France), Fanox Electronic, S.L. (Spain) and Eaton Co. Plc. (Ireland) among others.

Market Research Analysis:

Asia-Pacific Region is Expected to Grow at the Fastest Rate:

The Asia-Pacific region is currently leading market for distribution feeder protection systems and is expected to continue to lead in the forecast period. The rapid industrial development and urbanization in countries such as China and India where there are issues with continuous electricity supply, growing distribution networks, growing data centres & power generation plants and up-gradation in transmission & distribution grids (both grounded & undergrounded) are expected to drive the market for distribution feeder protection system here.

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Scope of the Report:

This study provides an overview of the global distribution feeder protection system, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region.

The scope of the study segments the global distribution feeder protection system by its voltage rating, by end user and by regions.

By Voltage Rating:

• Medium Voltage
• Low Voltage

By End User:

• Transmission & Distribution Utility
• Manufacturing & Processing Industries
• Commercial & Residential

By Regions:

• North America
• Asia Pacific
• Europe
• Rest of the World

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:
Akash Anand,
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: akash.anand@marketresearchfuture.com

This release was published on openPR.