Failure of the protective relay can cause shattering equipment damage as well as prolonged downtime. Some of the preferred potentials of protective relay circuits include discrimination, selectivity, stability, power consumption, sensitivity, reliability, system security, adequateness, speed and time. Major types of protective relay commercially available are activated alumina, activated charcoal, molecular sieves and more. The report also focuses on different geographic regions and the key countries in terms of changing trends in protective relay market in various fields.
The foremost purpose of the protective relays is to provide a trip circuit or sound of an alarm in a circuit breaker so that the faulty section can be disconnected immediately. Relay system helps in disconnecting the parts which are not working properly to avert subsequent faults. Moreover, it also localizes the effect of faults by detaching the damaged part from healthy part of the device leading to minimum trouble. The global market for Protective Relays was projected to be $XX billion in 2015 and is forecast to grow at a CAGR of XX%. It is anticipated to reach $XX billion by 2021. The protective relays are forecast to have the highest growth of X% during the forecast period 2016-2021. Electronics and automation are the major end-users for protective relays.
The application segment is the major driver for the protective relay market to grow. Protective relay find their applications in various segments such as feeder protection, motor protection, transformer protection, generator protection, transmission line protection and more. APAC dominated the global protective relay market. The industrial development in this region is all set to drive the demand of protective relay devices. Major players involved in this market are mainly concentrating on R&D initiatives and new product developments to cater the needs of customers. Moreover, booming electronic industry will directly impact the demand of the protective relay over the foreseeable period.
APAC is the leading market for protective relay with China leading the charge in 2015 and is anticipated to have highest growth in the next few years due to growing adoption of protective relays in electronic applications. Asia protective relay market accounts to XX% of the global market for Protective relay and is the fastest growing market followed by Europe. North America and Asia alone are estimated to occupy a share of more than XX% during 2016-2021.
The global protective relay market is evaluated based on key attributes such as operation mechanism, application and others. Each of the segmentations in the report has been studied to give comprehensive analysis of global protective relay market. The overall market has also been consolidated from the perspective of different geographic locations into standard geographic regions and key economies for this market. Additionally, this report encompasses opportunity analysis, porter analysis, pricing analysis and market forces such as drivers, constraints and challenges that are involved to drive the overall market.
The key players profiled in this report are General Electric Company, Siemens AG, Clarks Corp., ABB Inc. and others. This report gives detailed information about the product value chain right from the beginning which includes raw materials till end-use. The market is analyzed based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants. The study includes the demand of this particular market on a global and regional scale for a six year period of 2016-2021, both in terms of volume(kilo tons) and revenue($ million).
Please Note: The report is to be delivered in 1-2 working days after an order is placed.
2. Executive Summary
3. Protective Relay Market Landscape
3.1. Market Share Analysis
3.2. Comparative Analysis
3.2.1. Product Benchmarking
3.2.2. End user Profiling
3.2.3. Top 5 Financials Analysis
4. Protective Relay Market Forces
4.1. Market Drivers
4.2. Market Constraints & Challenges
4.3. Attractiveness of the Protective Relay Industry
4.3.1. Power of Suppliers
4.3.2. Threats From New Entrants
4.3.3. Power of Buyer
4.3.4. Threat From Substitute Product
4.3.5. Degree of Competition
5. Protective Relay Market-Strategic Analysis
5.1. Protective Relay Market - Value Chain Analysis
5.2. Pricing Analysis
5.3. Opportunity Analysis
5.4. Product Life Cycle
5.5. Suppliers and Distributors
6. Protective Relay Market- By Operation Mechanism
6.4. Transmission Lines
6.5. Circuit Breakers
6.7. Bus Bar
7. Protective Relay Market- By Application
7.2. Feeder Protection
7.3. Motor Protection
7.4. Transformer Protection
7.5. Generator Protection
7.6. Transmission Line Protection
8. Protective Relay Market -By Geography
8.1. North Americas
8.1.4. Rest of North America
8.2.5. Rest of Europe
8.3.1. South Korea
8.3.4. Rest of APAC
8.4. Rest of The World (ROW)
9. Protective Relay Market Entropy
9.1. New Product Developments
9.2. Mergers and Acquisitions
10. Company Profiles
10.1. General Electric Company
10.2. Technology Research Corporation
10.3. Siemens Machine Co
10.4. Eaton Corp
10.5. Mantr Test Systems
10.6. I-Gard Corporation
10.7. Picker Components Corp
10.8. Basler Electric Co
10.9. Cooper Power Systems
10.10. El-Tex Industries,Inc
10.11. Schweitzer Engineering Laboratory
10.12. Clark Corp
10.13. Hoyt Electrical Instrument Work Inc.
10.14. Bender, Inc.
10.15. Service Machine Co
10.17. Noark Electric North America
10.18. Gems Sensors & Controls
10.19. Pilz Automation Safety L.P
10.20. Yaskawa America,Inc
10.21. Phoenix Contack
10.22. Weg Electric Corp
10.23. Motor Protection Electronics
10.25. Springer Controls Co
10.26. Recora Incorporated
*More than 40 Companies are profiled in this Research Report, Complete List available on Request*
"*Financials would be provided on a best efforts basis for private companies"