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GCC Protective Relay Market Size, Share & Trends Analysis Report, Voltage (Low, Medium, High), Application (Feeder protection, Generator protection), End-use (Infrastructure, Industrial, Government, Power), Country, and Segment Forecasts, 2023-2030

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    Report

  • 130 Pages
  • November 2023
  • Region: Middle East
  • Grand View Research
  • ID: 5914572
Description Jump to:
The GCC protective relay market size is expected to reach USD 592.3 Million by 2030, registering at a CAGR of 5.0% from 2023 to 2030, according to the report. Escalating investments in the transmission & distribution infrastructure to substitute the aging equipment is a key factor instigating the protective relay demand in the power systems. The increasing complexity of electrical circuits has made it unavoidable to use protective devices for the safe & secure operation. The increasing electricity generation capacity to fulfill the growing population’s electricity needs is anticipated to remain as a chief factor driving the market growth. However, the cost associated with the installation & maintenance of protective relays is projected to challenge the market over the forecast period.

The GCC protective relay market is expected to gain prominence over the forecast period owing to the population growth coupled with the increasing domestic power consumption in Saudi Arabia. Furthermore, upcoming events, such as 2022 FIFA World Cup, would further lead to increased investments in the infrastructure development, thereby spurring the electricity demand in GCC. This would subsequently elevate the need for protective relays to safeguard the power systems in this region.

GCC Protective Relay Market Report Highlights

  • The medium voltage held the largest market share of 44.2% in 2022. This is due to their usage in the protection of buildings such as houses, hospitals, shopping malls, and warehouses, which supply medium voltage power.
  • The growth in the feeder protection application segment can be primarily attributed to the surging need to protect overhead cables and lines utilized for the electricity transmission. The feeder protection segment dominated the market with the highest revenue share of 27.5% in 2022.
  • The power sector is projected to witness a significant growth over the forecast period owing to the integration of relays to ensure safety and security of equipment and personnel at the power stations.
  • Saudi Arabia accounted for more than 45.5% of the overall share in 2022. However, UAE is estimated to exhibit the high growth over the next few years owing to the surging industrial, infrastructure, and power projects in this country.
  • The key market participants include Siemens, ABB, GE-Alstom, and Schneider. Industry participants strive to undertake product differentiation and technological advancements so as to gain a competitive edge in the market


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Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Voltage
1.1.2. Application
1.1.3. End use
1.1.4. Regional scope
1.1.5. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. Internal database
1.3.3. Secondary route of administrations
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Voltage
2.2.2. Application
2.2.3. End use
2.2.4. Regional outlook
2.3. Competitive Insights
Chapter 3. GCC Protective Relay Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Market Dynamics
3.3.1. Market driver analysis
3.3.2. Market restraint analysis
3.4. GCC Protective Relay Market Analysis Tools
3.4.1. Industry analysis - Porter’s
3.4.1.1. Supplier power
3.4.1.2. Buyer power
3.4.1.3. Substitution threat
3.4.1.4. Threat of new entrant
3.4.1.5. Competitive rivalry
3.4.2. PESTEL analysis
3.4.2.1. Political landscape
3.4.2.2. Technological landscape
3.4.2.3. Economic landscape
Chapter 4. GCC Protective Relay Market: Voltage Estimates & Trend Analysis
4.1. GCC Protective Relay Market: Key Takeaways
4.2. GCC Protective Relay Market: Movement & Market Share Analysis, 2022 & 2030
4.3. Low voltage
4.3.1. Low voltage market estimates and forecasts, 2017 to 2030 (USD Million)
4.4. Medium voltage
4.4.1. Medium voltage market estimates and forecasts, 2017 to 2030 (USD Million)
4.5. High voltage
4.5.1. High voltage market estimates and forecasts, 2017 to 2030 (USD Million)
Chapter 5. GCC Protective Relay Market: Application Estimates & Trend Analysis
5.1. GCC Protective Relay Market: Key Takeaways
5.2. GCC Protective Relay Market: Movement & Market Share Analysis, 2022 & 2030
5.3. Feeder protection
5.3.1. Feeder protection market estimates and forecasts, 2017 to 2030 (USD Million)
5.4. Generator protection
5.4.1. Generator protection market estimates and forecasts, 2017 to 2030 (USD Million)
5.5. Bus-bar protection
5.5.1. Bus-bar protection market estimates and forecasts, 2017 to 2030 (USD Million)
5.6. Capacitor bank protection
5.6.1. Capacitor bank protection market estimates and forecasts, 2017 to 2030 (USD Million)
5.7. Breaker protection
5.7.1. Breaker protection market estimates and forecasts, 2017 to 2030 (USD Million)
5.8. Transformer protection
5.8.1. Transformer protection market estimates and forecasts, 2017 to 2030 (USD Million)
5.9. Other
5.9.1. Other market estimates and forecasts, 2017 to 2030 (USD Million)
Chapter 6. GCC Protective Relay Market: End Use Estimates & Trend Analysis
6.1. GCC Protective Relay Market: Key Takeaways
6.2. GCC Protective Relay Market: Movement & Market Share Analysis, 2022 & 2030
6.3. Infrastructure
6.3.1. Infrastructure market estimates and forecasts, 2017 to 2030 (USD Million)
6.4. Industrial
6.4.1. Industrial market estimates and forecasts, 2017 to 2030 (USD Million)
6.5. Government
6.5.1. Government market estimates and forecasts, 2017 to 2030 (USD Million)
6.6. Power
6.6.1. Power market estimates and forecasts, 2017 to 2030 (USD Million)
6.7. Others
6.7.1. Others market estimates and forecasts, 2017 to 2030 (USD Million)
Chapter 7. GCC Protective Relay Market: Regional Estimates & Trend Analysis
7.1. GCC Protective Relay Market by Region: Key Takeaway
7.2. GCC
7.2.1. Market estimates and forecasts, 2017 - 2030 (Revenue, USD Million)
7.2.2. Saudi Arabia
7.2.2.1. Market estimates and forecasts, 2017 - 2030 (Revenue, USD Million)
7.2.3. UAE
7.2.3.1. Market estimates and forecasts, 2017 - 2030 (Revenue, USD Million)
7.2.4. Bahrain
7.2.4.1. Market estimates and forecasts, 2017 - 2030 (Revenue, USD Million)
7.2.5. Kuwait
7.2.5.1. Market estimates and forecasts, 2017 - 2030 (Revenue, USD Million)
7.2.6. Qatar
7.2.6.1. Market estimates and forecasts, 2017 - 2030 (Revenue, USD Million)
7.2.7. Oman
7.2.7.1. Market estimates and forecasts, 2017 - 2030 (Revenue, USD Million)
Chapter 8. Competitive Landscape
8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Market Participant Categorization
8.2.1. ABB
8.2.1.1. Company overview
8.2.1.2. Financial performance
8.2.1.3. Product benchmarking
8.2.1.4. Strategic initiatives
8.2.2. Eaton
8.2.2.1. Company overview
8.2.2.2. Financial performance
8.2.2.3. Product benchmarking
8.2.2.4. Strategic initiatives
8.2.3. General Electric
8.2.3.1. Company overview
8.2.3.2. Financial performance
8.2.3.3. Product benchmarking
8.2.3.4. Strategic initiatives
8.2.4. Seimens
8.2.4.1. Company overview
8.2.4.2. Financial performance
8.2.4.3. Product benchmarking
8.2.4.4. Strategic initiatives
8.2.5. TIEPCO
8.2.5.1. Company overview
8.2.5.2. Financial performance
8.2.5.3. Product benchmarking
8.2.5.4. Strategic initiatives
8.2.6. Toshiba Corporation
8.2.6.1. Company overview
8.2.6.2. Financial performance
8.2.6.3. Product benchmarking
8.2.6.4. Strategic initiatives
8.2.7. THYEAST
8.2.7.1. Company overview
8.2.7.2. Financial performance
8.2.7.3. Product benchmarking
8.2.7.4. Strategic initiatives
8.2.8. Mitsubishi Electric Corporation
8.2.8.1. Company overview
8.2.8.2. Financial performance
8.2.8.3. Product benchmarking
8.2.8.4. Strategic initiatives
8.2.9. Fanox
8.2.9.1. Company overview
8.2.9.2. Financial performance
8.2.9.3. Product benchmarking
8.2.9.4. Strategic initiatives
8.2.10. Schneider Electric
8.2.10.1. Company overview
8.2.10.2. Financial performance
8.2.10.3. Product benchmarking
8.2.10.4. Strategic initiatives
8.2.11. NR Electric Co., Ltd.
8.2.11.1. Company overview
8.2.11.2. Financial performance
8.2.11.3. Product benchmarking
8.2.11.4. Strategic initiatives
8.2.12. Doble Engineering Company.
8.2.12.1. Company overview
8.2.12.2. Financial performance
8.2.12.3. Product benchmarking
8.2.12.4. Strategic initiatives
List of Tables
Table 1 List of abbreviations
Table 2 GCC protective relay market, by voltage, 2017 - 2030 (USD Million)
Table 3 GCC protective relay market, by application, 2017 - 2030 (USD Million)
Table 4 GCC protective relay market, by end use, 2017 - 2030 (USD Million)
Table 5 GCC protective relay market, by region, 2017 - 2030 (USD Million)
Table 6 Saudi Arabia GCC protective relay market, by voltage, 2017 - 2030 (USD Million)
Table 7 Saudi Arabia GCC protective relay market, by application, 2017 - 2030 (USD Million)
Table 8 Saudi Arabia GCC protective relay market, by end use, 2017 - 2030 (USD Million)
Table 9 UAE GCC protective relay market, by voltage, 2017 - 2030 (USD Million)
Table 10 UAE GCC protective relay market, by application, 2017 - 2030 (USD Million)
Table 11 UAE GCC protective relay market, by end use, 2017 - 2030 (USD Million)
Table 12 Bahrain GCC protective relay market, by voltage, 2017 - 2030 (USD Million)
Table 13 Bahrain GCC protective relay market, by application, 2017 - 2030 (USD Million)
Table 14 Bahrain GCC protective relay market, by end use, 2017 - 2030 (USD Million)
Table 15 Kuwait GCC protective relay market, by voltage, 2017 - 2030 (USD Million)
Table 16 Kuwait GCC protective relay market, by application, 2017 - 2030 (USD Million)
Table 17 Kuwait GCC protective relay market, by end use, 2017 - 2030 (USD Million)
Table 18 Qatar GCC protective relay market, by voltage, 2017 - 2030 (USD Million)
Table 19 Qatar GCC protective relay market, by application, 2017 - 2030 (USD Million)
Table 20 Qatar GCC protective relay market, by end use, 2017 - 2030 (USD Million)
Table 21 Oman GCC protective relay market, by voltage, 2017 - 2030 (USD Million)
Table 22 Oman GCC protective relay market, by application, 2017 - 2030 (USD Million)
Table 23 Oman GCC protective relay market, by end use, 2017 - 2030 (USD Million)
List of Figures
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 GCC protective relay: Market outlook
Fig. 9 GCC protective relay: Competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Industry value chain analysis
Fig. 14 GCC protective relay market driver impact
Fig. 15 GCC protective relay market restraint impact
Fig. 16 GCC protective relay market strategic initiatives analysis
Fig. 17 GCC protective relay market: Voltage movement analysis
Fig. 18 GCC protective relay market: Voltage outlook and key takeaways
Fig. 19 Low voltage market estimates and forecasts, 2017 - 2030 (USD Million)
Fig. 20 Medium voltage market estimates and forecasts, 2017 - 2030 (USD Million)
Fig. 21 High voltage market estimates and forecasts, 2017 - 2030 (USD Million)
Fig. 22 GCC protective relay market: Application movement analysis
Fig. 23 GCC protective relay market: Application outlook and key takeaways
Fig. 24 Feeder protection market estimates and forecasts, 2017 - 2030 (USD Million)
Fig. 25 Generator protection market estimates and forecasts, 2017 - 2030 (USD Million)
Fig. 26 Bus-bar protection market estimates and forecasts, 2017 - 2030 (USD Million)
Fig. 27 Capacitor bank protection market estimates and forecasts, 2017 - 2030 (USD Million)
Fig. 28 Breaker protection market estimates and forecasts, 2017 - 2030 (USD Million)
Fig. 29 Transformer protection market estimates and forecasts, 2017 - 2030 (USD Million)
Fig. 30 Other protection market estimates and forecasts, 2017 - 2030 (USD Million)
Fig. 31 GCC protective relay market: End use movement analysis
Fig. 32 GCC protective relay market: End use outlook and key takeaways
Fig. 33 Infrastructure market estimates and forecasts, 2017 - 2030 (USD Million)
Fig. 34 Industrial market estimates and forecasts, 2017 - 2030 (USD Million)
Fig. 35 Government market estimates and forecasts, 2017 - 2030 (USD Million)
Fig. 36 Power market estimates and forecasts, 2017 - 2030 (USD Million)
Fig. 37 Others market estimates and forecasts, 2017 - 2030 (USD Million)
Fig. 38 GCC protective relay market estimates and forecasts, 2017 - 2030 (USD Million)
Fig. 39 Saudi Arabia market estimates and forecasts, 2017 - 2030 (USD Million)
Fig. 40 UAE market estimates and forecasts, 2017 - 2030 (USD Million)
Fig. 41 Bahrain market estimates and forecasts, 2017 - 2030 (USD Million)
Fig. 42 Kuwait market estimates and forecasts, 2017 - 2030 (USD Million)
Fig. 43 Qatar market estimates and forecasts, 2017 - 2030 (USD Million)
Fig. 44 Oman market estimates and forecasts, 2017 - 2030 (USD Million)

Companies Profiled

  • ABB
  • Eaton
  • General Electric
  • Seimens
  • TIEPCO
  • Toshiba Corporation
  • THYEAST
  • Mitsubishi Electric Corporation
  • Fanox
  • Schneider Electric
  • NR Electric Co., Ltd.
  • Doble Engineering Company.

Methodology

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Table Information

Report AttributeDetails
No. of Pages130
PublishedNovember 2023
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 403.5 Million
Forecasted Market Value ( USD ) by 2030 $ 592.3 Million
Compound Annual Growth Rate5.0%
Regions CoveredMiddle East
No. of Companies Mentioned12

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About the Protective Relay Market

The Protective Relay market is a subset of the Electrical Engineering industry. It is composed of a variety of products and services that are designed to protect electrical systems from damage due to overcurrent, overvoltage, and other faults. Protective relays are used to detect and isolate faults in electrical systems, and to prevent further damage to the system. They are also used to control the operation of electrical equipment, such as motors, generators, and transformers. Protective relays are typically used in industrial, commercial, and residential applications. Protective relays are typically designed to detect and respond to a variety of fault conditions, such as overcurrent, undervoltage, and overvoltage. They are also designed to detect and respond to other conditions, such as phase imbalance, phase reversal, and ground fault. Protective relays are typically designed to be reliable and durable, and to provide a high level of protection for electrical systems. Some companies in the Protective Relay market include ABB, Siemens, Schneider Electric, Eaton, and GE. Show Less Read more

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