Press release
Global Motor Protection Relays Market Become Dominant At CAGR Of 4.54% By 2021
A relay is a type of switch that can be operated both electrically and manually. It is used to control one electrical circuit by opening and closing the contacts of another circuit. A relay is made up of an electromagnet and a set of contacts. The mechanism of switching contacts takes place with the help of an electromagnet. A protection relay is an electronic device that receives inputs in the form of current, voltage, temperature, or resistance and compares them to set points and provides outputs. Outputs can include visual feedback in the form of indicator lights and/or an alphanumeric display, alarms, communications, control warnings, and turning the power off and on.
Technavios analysts forecast the global motor protection relays market to grow at a CAGR of 4.54% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global motor protection relays market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Motor Protection Relays Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
ABB
General Electric
Siemens
Rockwell Automation
Schneider Electric
Other prominent vendors
Alstom
Itron
Littelfuse
Mitsubishi Electric
NR Electric
S&C Electric
SEL
Market driver
Rising need for modernization of substations
For a full, detailed list, view our report
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Market challenge
Rising competition from local vendors
For a full, detailed list, view our report
Market trend
Emerging markets for solid-state devices
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.
Table of Contents
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
Market outline
PART 05: MARKET LANDSCAPE
Market ecosystem
Market characteristics
Market analysis
PART 06: MARKET SIZING
Market definition
Market sizing 2016
Market size and forecast 2016-2021
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PART 07: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
PART 08: MARKET SEGMENTATION BY PRODUCT-TYPE
Segmentation by product-type
PART 09: MARKET SEGMENTATION BY END-USER
Segmentation by end-user
Comparison by end-user
Global motor protection relays market by power industry
Global motor protection relays market by automotive industry
Global motor protection relays market by metals and minerals industry
Global motor protection relays market by water and wastewater treatment industry
Global motor protection relays market by others
Market opportunity by end-user
PART 10: REGIONAL LANDSCAPE
Geographical segmentation
Regional comparison
Americas Market size and forecast 2016-2021
EMEA Market size and forecast 2016-2021
APAC Market size and forecast 2016-2021
Market opportunity
PART 11: DECISION FRAMEWORK
PART 12: DRIVERS AND CHALLENGES
Market drivers
Market challenges
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