Press release
Distribution Feeder Protection System Market Overview, Top Key Players and Growth Analysis by Forecast to 2023
Market HighlightsDistribution 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.
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)
• Eaton Co. Plc. (Ireland)
• others.
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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.
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
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The main function of distribution feeder protection system is to safeguard the distribution system from directional overcurrent, non-directional overcurrent, time overcurrent and breaker failure element. The distribution feeder protection system reduces equipment damage & power interruptions, and improves power quality & system safety. Distribution feeder protection systems find their wide range of applications 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.
Distribution feeder protection systems are classified based on their voltage rating as medium voltage and low voltage. The medium voltage distribution feeder protection systems are widely used in any facility or plant that demands a large amount of power and utilizes medium voltage electricity. Low voltage distribution feeder protection systems are widely used in domestic & light industrial applications, power control centres and commercial consumer end transformers.
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Market Research Future
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