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Protective Relays: Global Strategic Business Report

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    Report

  • 223 Pages
  • October 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4805438

Global Protective Relays Market to Reach $2.8 Billion by 2027


In the changed post COVID-19 business landscape, the global market for Protective Relays estimated at US$1.9 Billion in the year 2020, is projected to reach a revised size of US$2.8 Billion by 2027, growing at a CAGR of 5.2% over the analysis period 2020-2027. Low, one of the segments analyzed in the report, is projected to record a 5.8% CAGR and reach US$1.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Medium segment is readjusted to a revised 5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $534.6 Million, While China is Forecast to Grow at 8.8% CAGR


The Protective Relays market in the U.S. is estimated at US$534.6 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$567.9 Million by the year 2027 trailing a CAGR of 8.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$363.5 Million by the year 2027.

High Segment to Record 4.5% CAGR


In the global High segment, USA, Canada, Japan, China and Europe will drive the 4.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$427.7 Million in the year 2020 will reach a projected size of US$572.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 4.9% CAGR through the analysis period.

Select Competitors (Total 41 Featured) -
  • Basler Electric Company
  • Littelfuse, Inc.
  • NARI Technology Co., Ltd.
  • Schweitzer Engineering Laboratories, Inc.
  • Siemens AG
  • Toshiba Corporation

What's New for 2022?

  • 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
Frequently Asked Questions about the Global Market for Protective Relays

What is the estimated value of the Global Market for Protective Relays?

The Global Market for Protective Relays was estimated to be valued at $1.9 Billion in 2020.

What is the growth rate of the Global Market for Protective Relays?

The growth rate of the Global Market for Protective Relays is 5.7%, with an estimated value of $2.8 Billion by 2027.

What is the forecasted size of the Global Market for Protective Relays?

The Global Market for Protective Relays is estimated to be worth $2.8 Billion by 2027.

Who are the key companies in the Global Market for Protective Relays?

Key companies in the Global Market for Protective Relays include Basler Electric Company, Littelfuse, Inc., NARI Technology Co., Ltd., Schweitzer Engineering Laboratories, Inc. and Toshiba Corporation.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Protective Relay - Global Key Competitors Percentage Market Share in 2020 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2020 (E)
2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Protective Relays by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2018 through 2027 and % CAGR
  • Table 2: World Historic Review for Protective Relays by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
  • Table 3: World 15-Year Perspective for Protective Relays by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2019 & 2027
  • Table 4: World Recent Past, Current & Future Analysis for High by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2018 through 2027 and % CAGR
  • Table 5: World Historic Review for High by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
  • Table 6: World 15-Year Perspective for High by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2019 & 2027
  • Table 7: World Recent Past, Current & Future Analysis for Medium by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2018 through 2027 and % CAGR
  • Table 8: World Historic Review for Medium by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
  • Table 9: World 15-Year Perspective for Medium by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2019 & 2027
  • Table 10: World Recent Past, Current & Future Analysis for Low by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2018 through 2027 and % CAGR
  • Table 11: World Historic Review for Low by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
  • Table 12: World 15-Year Perspective for Low by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2019 & 2027
  • Table 13: World Protective Relays Market Analysis of Annual Sales in US$ Million for Years 2012 through 2027
  • Table 14: World Recent Past, Current & Future Analysis for Digital & Numerical Relays by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2018 through 2027 and % CAGR
  • Table 15: World Historic Review for Digital & Numerical Relays by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
  • Table 16: World 15-Year Perspective for Digital & Numerical Relays by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2019 & 2027
  • Table 17: World Recent Past, Current & Future Analysis for Electromechanical & Static Relays by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2018 through 2027 and % CAGR
  • Table 18: World Historic Review for Electromechanical & Static Relays by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
  • Table 19: World 15-Year Perspective for Electromechanical & Static Relays by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2019 & 2027
  • Table 20: World Recent Past, Current & Future Analysis for Utilities by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2018 through 2027 and % CAGR
  • Table 21: World Historic Review for Utilities by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
  • Table 22: World 15-Year Perspective for Utilities by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2019 & 2027
  • Table 23: World Recent Past, Current & Future Analysis for Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2018 through 2027 and % CAGR
  • Table 24: World Historic Review for Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
  • Table 25: World 15-Year Perspective for Industrial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2019 & 2027
  • Table 26: World Recent Past, Current & Future Analysis for Railways by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2018 through 2027 and % CAGR
  • Table 27: World Historic Review for Railways by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
  • Table 28: World 15-Year Perspective for Railways by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2019 & 2027
  • Table 29: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2018 through 2027 and % CAGR
  • Table 30: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
  • Table 31: World 15-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2019 & 2027
III. MARKET ANALYSIS
UNITED STATES
  • Protective Relays Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2020 (E)
CANADA
JAPAN
  • Protective Relays Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2020 (E)
CHINA
  • Protective Relays Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2020 (E)
EUROPE
  • Protective Relays Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2020 (E)
FRANCE
  • Protective Relays Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2020 (E)
GERMANY
  • Protective Relays Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2020 (E)
ITALY
UNITED KINGDOM
  • Protective Relays Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2020 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Protective Relays Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2020 (E)
AUSTRALIA
  • Protective Relays Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2020 (E)
INDIA
  • Protective Relays Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2020 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Protective Relays Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2020 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Protective Relays Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2020 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Protective Relays Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2020 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Basler Electric Company
  • Littelfuse, Inc.
  • NARI Technology Co., Ltd.
  • Schweitzer Engineering Laboratories, Inc.
  • Siemens AG
  • Toshiba Corporation