Global MV Protection Relay Market to Reach $1.9 Billion by 2030
The global market for MV Protection Relay estimated at US$1.1 Billion in the year 2022, is projected to reach a revised size of US$1.9 Billion by 2030, growing at a CAGR of 7.8% over the analysis period 2022-2030. Digital & Numerical Relay, one of the segments analyzed in the report, is projected to record 8.8% CAGR and reach US$1.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Electromechanical & Static Relay segment is readjusted to a revised 6.1% CAGR for the next 8-year period.The U.S. Market is Estimated at $287.2 Million, While China is Forecast to Grow at 12.5% CAGR
The MV Protection Relay market in the U.S. is estimated at US$287.2 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$453.3 Million by the year 2030 trailing a CAGR of 12.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 6.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.4% CAGR.Select Competitors (Total 38 Featured) -
- ABB Group
- Eaton
- General Electric
- Larsen & Toubro Limited
- Mitsubishi Electric
- Powell Industries
- Rockwell
- Schneider Electric
- Schweitzer
- Siemens AG
- Solcon
- Terasaki
- Toshiba Corporation
- Woodward
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Group
- Eaton
- General Electric
- Larsen & Toubro Limited
- Mitsubishi Electric
- Powell Industries
- Rockwell
- Schneider Electric
- Schweitzer
- Siemens AG
- Solcon
- Terasaki
- Toshiba Corporation
- Woodward
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 91 |
Published | May 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 1.1 Billion |
Forecasted Market Value ( USD | $ 1.9 Billion |
Compound Annual Growth Rate | 7.1% |
Regions Covered | Global |